Bitcoin Forum

The Wall Street Sharks Will Attract Flows of Capital to the Cryptocurrency Industry

The cryptocurrency expert Charles Hoskinson who had a hand in creating Cardano cryptocurrency, Ethereum and multiple digital currency projects claims that the main financial district of the US will positively affect the situation on the cryptocurrency market.

"What's often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, wall street is showing up to the party with all their locked up capital. That's tens of trillions of dollars entering the space eventually. Future is bright"

Frankly speaking, such a statement might seem a bit too far-fetched, since the Wall Street representatives were not so supportive of virtual currencies not so long ago. For example, its main analyst Nick Colas even advised the potential investors to avoid the world’s #1 cryptocurrency.

However, the situation is currently changing for the better. The cooperation between digital currency world and Wall Street is long-awaited and supported by a lot of financial specialists. The Wall Street executives believe that cryptocurrencies occupy an important part in the financial system and can no longer be ignored.

Even the “Crypto King of Wall Street” Bart Smith claims that as soon as the market is properly regulated, it can start receiving capital from institutional investors.

Source: https://thecoinshark.net/the-wall-street-sharks-will-attract-flows-of-capital-to-the-cryptocurrency-industry/

If the money of Financial Institution will finally come into play inside the cryptocurrency market I don't think that it is all positive, since we all know that this financial institutions will also be considered as new whales, more whales means more volatility in the market. As soon as their money is on the market I don't think they will sit on their assets for too long, they will try to manipulate the market for them to profit. So I see a lot of rallies as well as corrections in the  process, it doesn't generally translates into a bullish market when their money is in the market.