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After All These Years Our Dreams Of Crypto Are Coming True

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@bitcoinflood
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2017 was a wild ride, there were talks of crypto going mainstream, governments backing it, it being taxed (adoption) and just a real sense of crypto going mainstream. However those all came crashing down quickly in 2018 as markets slumped to low levels of $8,000 per bitcoin which still at that time seemed high in value as we peaked at $20,000 per.

Those dreams of adoption however disappeared and it hasn't been until now we are finally seeing some real pushes to make crypto mainstream.

It all started with a Bitcoin rally of companies starting to invest into bitcoin which then turned into Influencers pushing it, tweets, Telsa and now banks. What's next?

Where can we go from here?

As long as influencer push keeps happening from bit names like WallStreetBets, Snoop dog, Elon musk, Tesla, bank etc Crypto will continue to climb. Think of it as FOMO but on a corporation level where now major businesses don't want to miss out. I believe that's the area we are currently in so it's a major bull run.

Cryptos market cap is $1.4 Trillion and the stock market is $19.4 Trillion active "CASH' reserves and $41.7 million cross the board in all USA Stocks. Now that's just one stock market you still have market caps of other countries like China at nearly $5 Trillion, Japan at $5.3 Trillion, London $3 Trillion and many others however those are the big ones.

Now think of just 10% of that being moved and injected into bitcoin which I believe is a very safe figure it could very well be much higher. That 10% move would inject another $5.9 TRILLION dollars into the crypto market and most of that would likely flow into bitcoin at first as the entry point. That would nearly triple the market cap and push bitcoins value to a near $150,000 each!

ETF's Moving Forward

I wrote a bit about this the other day however there's been some recent action within the ETF markets and that's Canada approving a bitcoin ETF. What's interesting about ETF's are that they are used by accredited investors so people with decent market caps of wealth.

The other thing is ETF's normally lock those funds up for a rather long period of time as a long term investment. In most cases a year. So what we could see as ETFs roll out is a major influx again however it will be important to take note of those dates and how long the ETF is for as to when they can cash out and see what type of impact it has on the markets. Such as expecting a large cashout and drop in price once the ETF cycles.

All in all the entire crypto area is thriving with bullishness and adoption is actually happening this time around so far. It's important however we all keep pushing for it! If the hype wears off we will have another repeat of 2017-2018 which will take a few years to recover from again.

Posted Using LeoFinance Beta