Institutions made their way into Bitcoin and Crypto in a major way in 2020

If nothing else, 2020 should be remember as the year of the institution as it relates to bitcoin and crypto.

We had all been waiting for institutions to get involved with bitcoin and crypto in a major way ever since late 2017 when the CME first launched their bitcoin futures product and bitcoin first touched $20k.

Unfortunately for all of us, that pretty much marked a false start of sorts in terms of institutional involvement, as well as the price for that matter.

We didn't get a lot of great institutional involvement for much of 2018 due to regulatory crackdowns as well as regulatory uncertainty in a host of areas related to crypto.

Eventually we got to the middle of 2019 when Bakkt launched marking the beginning of institutions getting involved.

However, it wasn't until 2020 that institutions really made their way onto the scene in a major way.

Below is a chart of some of the most notable institutional developments of 2020:

(Source: https://twitter.com/BTC_Archive/status/1346547851975938048/photo/1)

A ton of development this year, a lot more than I remembered looking back!

My favorite developments were those from Brian Brooks and the OCC as well as MicroStrategy and a host of other public companies swapping their cash for bitcoin.

First time in history retail is in before Institutions?

I have been involved with finance close to two decades at this point and never in my lifetime have I seen a large asset like this have retail in before everyone else.

Bitcoin is getting close to a trillion dollar asset and wealth managers and advisors are still not in it yet.

That is pretty amazing considering many of the current bitcoin holders have been in for several years.

It's the first time I have seen retail investors have the ability to sell their holdings to institution investors, it's almost always the other way around.

In fact, it's normally the institutions that create the product that they sell to retail investors...

It tickles me to think about how great this is having the shoe on the other foot. :)

Not only that, but we continue to track right along with other post halving rallies:

(Source: https://twitter.com/burdivelam/status/1346595555812798466/photo/1)

The current trajectory looks similar to 2013 at this point.

If that trend were to continue we are going to continue to surge, see a 3 month consolidation, then have a blow off top end of this year that takes prices to nosebleed levels.

My expectation all along has been that we would mirror the 2017 rally, as of now, we are outperforming it.

Stay informed my friends.

-Doc

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