[ByeShea]

Originally posted on 02/01/2018:

When all the "late to the game Joes" start buying in,then and only then, BC will implode .............

So as long as you have threads like these with the same doubting tom's, all is good............

Last week BitGo bought KingdomTrust.

Who's Bitgo? Wallet for institutions.

What's KingdomTrust? Institutional custodian.

Some quotes from the Bloomberg article that day sums up the sentiment behind the merger:

In traditional finance, custody banks like State Street Corp. hold securities, keep records and provide other services for investment advisers. A lack of similar offerings in the cryptocurrency world has kept many institutions on the sidelines, Belshe said.

“If you’re an SEC-regulated fund over $150 million, you’re required to use a qualified custodian,” he said. “You can’t just take some guy and have him hold your coins for you.”

Do not think for a moment that big institutional money has not noticed the rise of crypto. Fact is, they're green with envy at any market they can't buy into - the first step was just taken.

And also last week - look at WeissRatings being the first research to essentially rate crypto as securities The big banks can't (so fukkin' bound to the dollar, would be sacrilege) so these guys will. And it's terrible research, btw, they don't pick off guys from Merrill Lynch, instead they hire recent grads from Tchotchke State and tell them to pound out 500 word market recap essays. Doesn't matter - heard first hand that Weiss is hauling it in w/ by far the biggest week they ever had. Their customers? Institutions.

Crypto will look very VERY different once it becomes a playground for institutional money. Anywhere BTC, ETH, maybe even XRP goes up/down/sideways ... will all be bargain in two years time.