The VanEck Bitcoin ETF – What Are The Chances?

We’ve discussed the possibility of a Bitcoin ETF in the past and the doors such a tool could open (and close) for the crypto space.

An ETF is an Exchange Traded Fund and essentially allows traders to get in on the price action of Bitcoin without actually owning any and without having to deal with cryptocurrency exchange KYC and signup, cryptocurrency wallets, and all of the niche elements of crypto trading that cause concern and confusion among regular stock traders.

Not everyone wants to use Bitcoin as some kind of world currency – as a commodity, it trades billions of dollars every day, and many traders want to get in on the action but don’t want to have to trust sketchy exchanges or risk losing their private keys with no insurance or recourse in recovering their funds.

All The Price Action, None of The Fraud

Exchange Traded Funds introduce the traditional safety protocols that are already in place for stock trading, and indeed, a Bitcoin ETF would be traded on the stock market as opposed to crypto or mutual fund exchanges.

The ETF is a security representing the price of Bitcoin which is actually bought and held by the fund and professionally managed. Users won’t have Bitcoin, but they won’t have to worry about the inherent risks of the space either and it’s estimated that a huge amount of new money could enter the space if an ETF is released. While the securities bought by ETF investors aren’t Bitcoin, the Bitcoin the fund will buy certainly is.

Why VanEck?

VanEck is an investment management firm headquartered in New York and founded in the mid-fifties.

If you’ve followed the Bitcoin ETF efforts of the past you probably know that the Winklevoss twins of the Gemini exchange have tried many times to secure a Bitcoin ETF license and have been rejected by the SEC every time on grounds such as concern over the legality of overseas BTC handling.

Why would VanEck succeed where the twins have failed?

Well, as the director of Digital Asset Strategy at VanEck/MVIS, Gabor Gurbacs, pointed out, Van Eck has done this before. Not with cryptocurrency, mind you – with gold.

“VanEck has a history of building international stock and gold investing, in the U.S. and abroad,” Gurbacs said in an interview with Bitcoin Magazine.

VanEck was behind the first ever gold equity mutual fund which, the VanEck International Investors Fund which was launched in 1968 and is still in operation. At the time, the gold market cap was $200 million and the price of gold was $35 an ounce. Now it’s over $1,200 an ounce and the market cap is well over $7 trillion, something Gurbacs believes VanEck’s investment vehicle is partially responsible for.

While not everyone in Bitcoin even agrees with the idea of an ETF, with crypto-godfather Andreas Antonopoulos among the critics, there’s no doubt about it – a Bitcoin ETF would significantly increase the chances of a bull run and a far greater market cap than has been seen to date in crypto. While the true believers may not like it, the traders are all for it, and wherever you stand on the subject, there’s no little doubt in anyone’s mind that a Bitcoin ETF is inevitable.

The question is now – who will get there first?

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Interested in other cool crypto content? Check out The Dawn of Crypto Lending and ICO teams paying for “fake” volume!

The Raven’s Dispatch – Aug 23, 2018 – Is Mass Detokenization On The Way?

The “tokenization of everything” hits a speed bump

“TOKENIZE THE WORLD” was the ICO battle cry of 2017 and the subsequent drive to democratize art, real estate, cars, securities, and more, has enabled people to buy a token representing the value of any asset you can care to imagine.

So why are we talking about detokenization? The Digipulse CEO recently announced that 98% of all tokens connected to the project would be burned because the issued tokens are being used for speculative investment and not the built in platform. This is an issue for MANY tokenized projects. Will other companies follow suit? Read our entire piece Is Mass Detokenization On The Way.

The overall cryptocurrency market was rather stable this week floating between $205bln to $207bln representing a 1% increase, with an obvious pump and dump yesterday. Fun times ya’ll. But look closer and you will note the top 5 struggled, being held up by the King, Bitcoin.


Bitcoin (BTC): Crypto twitter was all over the place this week. $3k Targets, $11 targets, people capitulating, etc. Very entertaining. Week to week price action found a channel between $6,300 and $6,500, then pumped to $6,680 and subsequently dumped back to $6,400. Not taking into account the PnD Bitcoin experienced 1.5% growth.

Ethereum (ETH): There’s been little love for Ethereum this month. Down 45% since July 24th, there doesn’t seem to be any reprieve in sight for Vitalik’s love child. ETH currently sits at $274 as of this post experiencing a decline of 6% week to week. Curse you ICOs!!

Project of the week QUIZANDO (QUIZ): Social platforms have provided creative people with a soapbox in which to spread their views, opinions, likes and dislikes across the world. To make any revenue from the audiences they need to work hard at getting endorsement deals, look for related affiliates and constantly promote products.

This is where Quizando comes in. The Quizando project is a state-of-the-art quiz delivery system enabling players to participate in a gaming ecosystem that rewards them with cash prizes. Quizando wants to help influencers monitize their influence easily and without the need to be a business expert or turning their channels into a constant adverts.

Want to learn more? Check out our feature on What is Quizando, and learn how you can put your Quiz knowledge to work for you. Intelligence Pays! Sponsored Content.


What Is Quizando? – The Quizando project is a state-of-the-art quiz delivery system enabling players to participate in a gaming ecosystem that rewards them with cash prizes. Are you a quiz master?

What is ChromaWay and Are Hybrid Database The Future? – ChromaWay is a Swedish blockchain startup that has been working on secret blockchain related research and projects since 2011.

Is Mass Detokenization On The Way? – For the last while, the “tokenization of everything” has been a constant theme in crpytocurrency, and it’s had people justifiably excited. So why are projects bruning their tokens?

Blockchain company Seven Stars Cloud Group signs exclusive $24b deal with China’s Largest Electric Bus Operator – A groundbreaking $24 billion deal between China’s largest electric bus operator (NTS) and Seven Stars Cloud Group (Nasdaq:SSC) was recently signed which will create financing products through SSC’s blockchain ecosystem.

What is Neon Exchange (NEX) – NEX is a platform for payment services and decentralized crypto trade. NEX aims to combine the performance of centralized exchanges with the trust and security features of decentralized exchanges

Blockchain Law Study group Formed in South Korea – In South Korea, lawmakers, industrial experts and judges are teaming up to form a fresh working group which will endeavor to discuss and propose solutions for issues surrounding the blockchain technology.

South Korea Still Unsure on How To Handle Cryptocurrencies – South Korea just held a session of its National Assembly with the sole purpose of discussing blockchain adoption and ICOs guidelines.

Ever Wonder Why Governments Tend to Bully Cryptocurrencies? – Stop picking on crypto, you bullies!

Bitmain Expansion: Multi Billion IPO on the Horizon – Cryptomining giant Bitmain is about to go public in what could be one of the biggest Initial Public Offerrings ever.

Kuwait Finance House Becomes First Bank Using Blockchain in The Country – The Kuwait Finance House (KFH) has confirmed it completed a cross-border transaction with the use of Ripple technology.

Hacker ordered by Federal Court to pay the bail in cryptocurrency – Cryptocurrencies are getting steady acceptance in judicial quarters. In a recent case, a Federal judge allowed an accused hacker to pay bail amount in cryptocurrency.


SEC Denies Nine More Bitcoin ETFs – Please, we all knew this was gonna happen. The U.S. Securities and Exchange Commission (SEC) on Wednesday rejected applications for nine bitcoin-based exchange-traded funds (ETF) from three separate companies.

China shuts down blockchain news accounts, bans hotels in Beijing from hosting cryptocurrency events – The two incidents are the latest instances of China’s continuing crackdown on cryptocurrencies, which began last September with bans on local exchanges and ICOs.

AppleJeus: macOS users targeted in new Lazarus attacks – Researchers have uncovered a new campaign by the infamous Lazarus group which targets cryptocurrency exchanges in order to spread malware to Windows and macOS users.

Half Of The Remaining Non-Minted Bitcoin Supply Is ‘Spoken For…’ – The CoinShares team analyzed data from an ING survey and found that there are 99 million people who intend to own Bitcoin but don’t yet.

90% of Employees at Major Crypto Exchange Binance Receive Salary in BNB – At the Liechtenstein Cryptoassets Exchange (LCX), Binance CEO Changpeng Zhao told TechCrunch founder Michael Arrington that 90 percent of the exchange’s employees receive their salaries in BNB.

‘Bitcoin Jesus’ Is Having a Hard Time Winning Over True Believers – Roger Ver, the virtual currency advocate often referred to as Bitcoin Jesus, is finding it tough to win converts to the supposed second coming of the the world’s biggest cryptocurrency.

Big Investors Deny Involvement In Crypto Miner Bitmain’s Pre-IPO Funding –  SAY WHAT?! Tencent Holdings and SoftBank Group are both disputing their involvement in a widely reported pre-IPO investment round for Chinese cryptocurrency mining giant Bitmain.

SoftBank Denies Reports of Bitmain Deal; Bitmain Still Silent – Hmmm this is not looking good for Bitmain. Japanese telecom giant SoftBank has denied media reports of its involvement in a pre-IPO funding round of bitcoin mining rig manufacturer Bitmain.

Here’s How You Can Validate An ICO Using Your Chrome Browser – Cryptocurrency and blockchain is a world filled with excitement and new technology, but like your Mother always warned, if something seems too good to be true then it probably is.

Wall Street’s Crypto Caution Risks Coinbase Gaining ‘Unassailable’ Position – Cryptocurrency trading revenue is primed to explode within the near future, and Wall Street is running out of time if it hopes to stop industry giant Coinbase from gaining an indomitable market position.

Nvidia is sliding after cutting its guidance and saying its crypto boom is over (NVDA) – Nvidia shares are down more than 4% Friday on trading after the chip maker cut its third-quarter revenue guidance and warned that it’s crypto business is going to zero.

Thanks for joining us this week. If you have something interesting you would like to submit reach out to us at And don’t forget, Crypto is Coming!

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The Raven’s Dispatch – July 31, 2018 – Winklevoss Bitcoin ETF Petition Rejected by SEC

Winklevoss Bitcoin ETF Petition Rejected by SEC – Crypto world curses the suits

You might be asking, “What’s all this ‘ETF’ business about and why is it so important”? Well you’re in luck because we posted a full article last week on how ‘Bitcoin ETF Approval Could Be Huge For Crypto‘.Tl;DR Exchange Traded Funds could be a HUGE deal for Bitcoin and cryptocurrency in general if and when they get approved.

But what is an ETF, exactly? Well an ETF is defined as a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. This means that the fund can be traded like a common stock and the ETF also experiences price changes throughout the day as they are bought and sold. Nifty, and a great investment vehicle for the masses. Unfortunately the door was slammed shut by some dudes wearing suits at the SEC. On to The Dispatch!

The overall cryptocurrency market had steady decline in the past week moving from $292bln to $286bln representing a 2% decline since the last Dispatch. As you can see below, the pretenders suffered most from BTCs decline.

Bitcoin (BTC): BTC had a chaotic week shaking out the weak and timid (hahaha thats me) surging to $8k then dropping to $7,800 before finally settling on $8,000.  Week to week that represents a near 0% change. Never a dull week in the crypto world, huh fam?

Ethereum (ETH): Was holding on until today when it suffered a daily drop of 5% adding to it’s weekly loss of 7%.  ETH has struggled to return to the $500 mark over the past month, and we don’t expect that to change all too soon. ETH is currently sitting at $436 as of this post.

OMISEGo (OMG): OMG is the token attributed to the OmiseGO platform, an offshoot of the well-established Omise e-commerce payment company based in Thailand.

Omise is kind of like the PayPal of SE Asia. The company acts as a payment gateway allowing people to transfer money to third party bank accounts, and the underlying service is simply value exchange. That’s a lot of features including a decentralized exchange, a white label SDK (software developer kit for making apps), and a clearinghouse technology name a few.  It’s a promising project with strong fundamentals.

As you can see in the graph below OMG had it’s parabolic phase at the start of 2018 but has slowly retraced to December 2017 support. OMG reached an ATH of $24.71 in January and is now finding support at $6.81.  That’s a 75% retrace! Hope you didn’t buy the top.

If you want to know more about OmiseGo check out our guide!


SEC Commissioner protests SEC’s rejection of Winklevoss Bitcoin ETF – The Winklevoss Bitcoin ETF was rejected….again.

Lightning Network: How far away is it? – We’ve talked about the Lightning network before, but now we are seeing significant progress into the second layer scaling solution made by Lightning Labs  that we had to revisit it.

Lisk Invests $1 Million in Lisk-Focused Blockchain Incubator – In an effort led by Lisk’s community members, the first-ever Lisk-based blockchain incubator, Elite Center, was announced in China earlier this month.

The Ox Ecosystem Visualized – The 0x protocol is a favorite DApp for many cryptocurrency enthusiasts. Decentralized exchanges have the potential to fundamentally change how people interact with market places and drastically minimize counter-party risk. the 0x protocol is being used for much more than decentralized exchanges (DEXs) and has the potential to impact a wide variety of industries.

Millennials will love Cryptocurrencies – Really interesting presentation from Fundstrat on the economics of Cryptocurrencies. Millennials will lead the way. Millennials constitute people that are born between 1981 and 2000. That’s 96 million people, the largest generation in history, dwarfing baby boomers (80 million) and GenX (65.8 million).

Cryptocurrency App Checklist for 2018: Take your Game to the Next Level – In this cryptocurrency app roundup, we take you on a journey through the information platforms keeping traders, enthusiasts, developers, speculators and casual observers alike clued into the world of virtual currencies.

Exclusive: IOST Opens Up About Its Recently Launched Referral Program – A week ago IOST launched what’s been called ‘the largest referral program in the history of cryptocurrencies.’ Some Reddit users have claimed the company is making a play for increased market share and visibility, in a similar manner to what Tron did not so long ago.

Ernst and Young Acquires Crypto Asset Accounting Tool – Ernst & Young has recently acquired a number of technological assets and their respective patents from Elevated Consciousness Inc., a startup actively working on developing new solutions for the crypto asset industry.

Institutions Are Coming! But What Does It Mean? – Institutional money coming to crypto has become almost a kind of prayer, touted by Twitter influencers and news outlets alike. Make no mistake – all the signs point to a major influx of institutional investment in the crypto space, with CBOE applying for ETF approval and Goldman Sachs greenlighting Bitcoin futures.

Top DAPPs by users and volume – One of the major innovations that blockchain technology has brought to the table, besides the public ledger and cryptocurrency, is the creation of Decentralized Applications (DAPPs).

You Can Now Become a Citizen of Antigua and Barbuda Using Cryptocurrencies – The Caribbean Islands have taken another step to embrace cryptocurrencies. The government now accepts cryptocurrency payments for its citizenship program.

Beginner’s Guide to Robinhood App – Today we gonna look at this app in detail to know what the noise is all about

Cops Arrest Hacker for stealing $5 million worth of Crypto! – A few weeks ago California police arrested a 20 year old college student for stealing over $5 million worth of cryptocurrencies.


Coinbase announces a new deal to let you pay for your Uber with crypto – Coinbase has today revealed a new partnership that will allow you to pay for physical goods and services from your favourite retailers with cryptocurrencies.

Canadian Bitcoin ATM Company Hits $2M in Daily Volume – Vancouver-based Bitcoin ATM software provider Netcoins has today announced its daily transactional revenue across Canada, Europe and Australia has reached $2M USD (approximately $2.6M CAD) in a single day.

Binance Will Face Tough Competition in South Korea in New Market Expansion – Binance, the world’s largest cryptocurrency exchange, is planning an expansion into South Korea, the third biggest cryptocurrency market behind Japan and the US.

Ethereum Founder Vitalik Buterin: There Is Too Much Emphasis on Bitcoin ETFs – What does Vitalik know about Finance? Pfff.

BITCOIN WILL REPLACE GOLD AND SOAR IN PRICE TO $700,000, SAYS MAJOR INVESTOR – All caps babay, for emphasis. Bitcoin is better than gold “on every front” and could eventually be worth around $700,000, according to an institutional investor. says John Pfeffer. Preach John, PREACH!

Crowd Psychology Driving BTC Prices, Finance Experts Say – According to a survey conducted among finance professionals, ‘crowd psychology’ is the main factor determining the movements of bitcoin market prices.

AMD Sees Q2 Drop in GPU Sales to Crypto Miners – Chip maker Advanced Micro Devices (AMD) said Wednesday that sales of graphics cards (GPUs) to cryptocurrency miners fell during the second quarter.

Telegram Reveals Personal ID Verification Tool for Sharing Data with ‘Finance, ICOs’ – The crypto and blockchain industry’s go-to encrypted messenger app Telegram has released a personal identification authorization tool, according to an official statement published July 26.

New Gallup Poll Shows Only 2% Of US Investors Own Bitcoin, But 26% Are “Intrigued” – The results of a Wells Fargo/Gallup poll published July 27 finds that only two percent of U.S. investors own Bitcoin, but 26 percent are intrigued by it.

Google bans cryptocurrency mining apps from the Play Store – Google has updated its Play Store developer policies to ban several more categories of apps, including cryptocurrency mining ones and apps with disruptive ads, as reported by Android Police.

Coinbase now offering cryptocurrency gift cards for easier real-world spending – Major bitcoin exchange Coinbase launched a feature yesterday that lets its European customers buy virtual gift cards with cryptocurrency.

Thank you for joining us for this weeks The Raven’s Dispatch! Don’t forget to sign up for our newsletter so you can receive notifications via email that a new Dispatch was released! Also if you have any interesting news you would like to submit contact us at

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SEC Commissioner protests SEC’s rejection of Winklevoss Bitcoin ETF:

The Winklevoss Bitcoin ETF was rejected….again. The decision made was referring to an appeal from the two year old initial application of the same ETF proposed by the Winklevoss in 2016. Initially denied in 2017, it seems the that proposal had been modified only slightly to include text explaining the difficulty in manipulating the price of Bitcoin. The SEC is apparently still unconvinced.

All is not lost as The Van Eck SolidX CBOE Bitcoin ETF is not related at all with the Winklevoss application and represents the best chance we have of seeing a Bitcoin ETC anytime soon. The SolidX proposal anticipated the “manipulation” issue by adding that the market is now global with exchanges all around the world and stating that they would be purchasing their Bitcoin OTC from regulated institutions.

The ETF will be subject to the same regulations that the CBOE uses to regulate the other commodities and derivatives traded on their platform as well as include insurance to protect traders from counter-party/security risks. The Van Eck Bitcoin ETF also includes a much higher minimum than previous proposals at 25 BTC which could help reduce the SEC’s concerns over retail consumer protections. It’s designed for hedge funds, private wealth managers and family offices.

With regards to the Winklevoss ETF, Hester M. Pierce, the SEC Commissioner, publicly voiced her disagreement with the decision handed down today. She mentions in her statement that she believes Bitcoin to be ready for ETF approval and the importance of institutional participation in Bitcoin to help reduce the commissions concerns.

The SEC seems to be finding itself with an old chicken and egg issue. Bitcoin needs the ETF to help stabilise the markets and the SEC deems the markets too unstable to approve the ETF. What remains clear is that the a BTC ETF will eventually be approved, just a matter of time.

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Interested in other cool crypto posts….check out Lightning Network: How far away is it?and Bitcoin ETF approval could be huge for crypto!.

Institutions Are Coming! But What Does It Mean?

Institutional money coming to crypto has become almost a kind of prayer, touted by Twitter influencers and news outlets alike.

Make no mistake – all the signs point to a major influx of institutional investment in the crypto space, with CBOE applying for ETF approval and Goldman Sachs greenlighting Bitcoin futures. It’s happening – the real question is not if, but when, and it’s far less straightforward to answer.

The market has once again taken an upturn over the last week after a recent bearish trend saw prices decline across all currencies. Before the slump, the announcement that Coinbase was launching a custodial service catered towards institutional investors directly preceded an average of 11% price bump on average across all crypto assets, indicating the pivotal role the ability for institutions to invest now plays in the market.

After another decline, the announcement that ETFs may be approved saw another bullish surge. In this article we’ll take a look at some of the major ways institutions will be able to enter the market and what that means for the more casual retail investors.


Coinbase’s custodial service could be a pretty big deal, and it’s already live offering cold storage, an institutional-grade broker-dealer and reporting services, and a client coverage program. Coinbase is also in the process of onboarding hedge funds.

Why Institutional Money is Coming and What This Means for Bitcoin

Beyond that, the exchange announced earlier this month that it has the green light to go ahead with three key acquisitions aimed at enabling the exchange to become a federally regulated platform through which investors can trade cryptocurrencies classified as securities. This is huge, as it could help save those currencies from total damnation by enabling them to exist and be traded legally under SEC jurisdiction.

The Financial Industry Regulatory Authority approved Coinbase’s purchase of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC in July 2018. Cryptos classed as security tokens may now soon be offered through the exchange and help place the exchange under more direct federal oversight which may further attract institutions.

Coinbase can now operate as a broker dealer, an alternative trading system and a registered investment adviser, greatly expanding the current business model.

“Being approved to take ownership of these licensed entities is one more step toward our ultimate goal of allowing our customers to trade securities tokens on our platform,” said a Coinbase spokesperson. “There are many more steps and conversations needed with regulators before this journey’s complete.”

Coinbase rival Circle Internet Financial Ltd., said last month that it will apply for registration as a brokerage and trading venue with the SEC so it can help investors buy and sell tokens deemed to be securities as well. The firm also plans to seek a federal banking license to provide more services to customers.

BlackRock Explores Crypto

Bitcoin prices climbed 5% after asset management giant BlackRock announced that it was setting up an assessment group to investigate cryptocurrencies and blockchain technology. This news is somewhat at odds with previous statements made by the company, such as when CEO Larry Fink stated that Bitcoin was an index of money laundering.

The news follows a report by Fortune magazine that hedge-fund billionaire Steve Cohen’s VC firm Cohen Private Ventures invested in Autonomous Partners, a cryptocurrency-focused investment fund.

Mati Greenspan, senior market analyst at eToro, said ““It definitely is causing some excitement. The idea of big financial firms moving into crypto certainly isn’t new, and this is a trend we’ve been noticing gaining strength since November.”

Japan’s SBI Launches Crypto Exchange

Japanese financial giant SBI Holdings announced that it now has a live in-house crypto exchange despite months of delays following security issues.

VCTRADE is the name of the exchange which is is currently only open for users who have pre-registered with the platform in October 2017, the company announced – it is expected to be available for a wider public in July of this year.

SBI will focus on trading XRP through VCTRADE at first and then add support for Bitcoin and Bitcoin Cash at a later stage.

SBI Holdings currently deals in remittance technology which may explain the focus on Ripple at the moment. The firm’s first wholly-oowned subsidiary  – SBI Virtual Currencies -was started in 2016 and was the country’s first crypto exchange that is fully backed by a major financial institution.

The platform later completed business registration with Japan’s Financial Services Agency (FSA) in September 2017 but announced in February of this year that the opening would be delayed due to security concerns amid the Coincheck hack.

 Goldman Sachs

Though at first GS was reluctant to enter the crpyto space, customer demand turned the tide and turned the banking giant towards crypto.  The investment bank is now looking to expand its recently established Bitcoin futures trading desk into services for direct cryptocurrency trades.

On June 20, Goldman Sachs COO David Solomon told Bloomberg:

“We are clearing some futures around Bitcoin, talking about doing some other activities there, but it’s going very cautiously. We’re listening to our clients and trying to help our clients as they’re exploring those things too.”

Solomon also told Bloomberg that the firm must “evolve its business and adapt to the environment.”

Andreessen Horowitz

Major Silicon Valley investor Andreessen Horowitz has launched a new $300 million fund focused on cryptocurrencies.

The fund will be caled a16z and will feature former federal prosecutor and Assistant U.S. Attorney Kathryn Haun as one of its co-leads. Haun has also been named as the firm’s latest general partner.

Andreessen Horowitz is a well-known crypto investor and provided early capital funding for Coinbase in the early days.

General partner Chris Dixon indicated in the post that the crypto-fund would take a decidedly long-term tack in its investments.

“We’ve been investing in crypto assets for 5+ years,” he wrote. “We’ve never sold any of those investments, and don’t plan to any time soon. We structured the a16z crypto fund to be able to hold investments for 10+ years.”

“We plan to invest consistently over time, regardless of market conditions. If there is another ‘crypto winter,’ we’ll keep investing aggressively.”

Dixon went on to say that the firm would focus on assets with a real, non-speculative use case.

“We want services powered by crypto protocols to be used by hundreds of millions and eventually billions of people. Crypto tokens are the native asset class of digital networks, but their value is driven by the underlying, practical uses cases.”

When Will Things Change?

Here’s the thing – while this all sounds like such drastic change, the reality is that it may take years for institutional investment to make a difference. Things happen very quickly in the crypto space, but the world of traditional finance moves at a slower pace.

In the below interview, BlockTower CEO Ari Paul estimates that it will be around 5 years before major firms change the crypto landscape forever, stating that the majority of crypto investors are still retail investors who don’t necessarily know what they’re doing.

Paul also states that there are only around 15 major firms currently involved in cryptocurrency, and that the rest are only testing the waters. This, however, can be seen as a good thing – as the investing expert points out, major traders will make competition even fiercer for retail traders.

For casual crypto traders, now may be the best time ever to be involved in the space, before trained experts with unlimited resources really up the standards. For investors, on the other hand, the advice is the same as always – wait it out, and hope that the influx of institutional money will create a long-term sustainable bull run in the nascent crypto market.

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Interested in other cool crypto posts….check out Lightning Network: How far away is it?and Bitcoin ETF approval could be huge for crypto!.