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RE: Goldman Sachs getting involved with cryptocurrency trading?
Funds and firms will always be attracted to volatility, it's needed to produce alpha. That 75 number will grow for sure. Looking forward to the continued influx of managed money coming in.
I would bet it doubles within the next 12 months. :)
Nice post ! Exponential growth in bitcoin leads to exponential involvement among institutions =)
That said, the price charts have been incredibly clean which was one of the big reasons I started buying bitcoin on breakouts years ago. As more sophisticated players enter the arena, the charts will become less coherent with entry points less obvious and diminished upside.
Still, the cryptospace is only worth about $150 billion which is a far cry from where it will eventually be within a few years.
(͡:B ͜ʖ ͡:B)