Published
5 years ago on
October 01, 2018
“Bitcoin and other cryptocurrencies are, I believe, on the verge of a true global breakout. This is largely due to FOMO – the Fear Of Missing Out. Adoption is increasing all the time. This is evidenced not only in the financial sector, in which major banks are increasingly looking at blockchain and crypto, but with big names within the tech and retail sectors too.â€FOMO will not only bring in public investment, it is going to push institutions towards investment too. Simply put, when the Bitcoin price starts to climb again, people and institutions alike are going to feel like they need to invest:
“I feel that there’s a growing sense amongst institutions that unless they embrace this sector, their competitors could move way out in front and they might find it difficult to catch up. This is especially true as the public – their customers – are increasingly eager to explore the opportunities themselves. I’m not sure we’ll see the stratospheric rise in cryptocurrency prices that we experienced at the end of 2017. However, with growing acceptance that that they are indeed the future of money, I believe that the environment is now right for an upswing before year-end.â€Fear driven institutional investment In Green’s eyes, it is fear driven institutional investment that will help bring Bitcoin to the next level, beyond $30,000.00 and maybe even as far as $40,000.00 +. References Businesscloud
