https://www.reddit.com/r/BitcoinMarkets/comments/93zypc/i_work_for_a_professional_crypto_trading_firm_ask/This is the type of thread that addresses questions that pop up here fairly regularly. This bloke has been verified by the forum mod and he works for a professional crypto trading firm.
Some choice ones -
Q- what's the consensus on trading privacy focused cryptocurrencies that can't be traced back to previous transactions.
A- This is my personal opinion and many at my work dont share it, but i think the privacy coins are going to be a problem. The biggest, easiest thing for the uninformed to parrot is that crypto is used for crime (listen to some of these senate hearings). I can see the privacy coins coming into the cross hairs when they start regulating more, and i think they might get targeted.
Being unable to track your funds is a no go in finance, you have some obligations from an AML standpoint. People are uncomfortable with this
Q- Is the institutional money going to come in soon or is it already in (tinfoil)?
A - It is not here. There are a ton of barriers to entry for them right now, not to mention risk.
Q - Where do you see the state of the Bitcoin market in 2-3 years, specifically with regards to investment from institutions like the one you work for?
A - I think there will need to be a huge amount of regulation to take place. This doesnt mean anything in particular but someone needs to set the rules so people know how to proceed. There is a lot of friction right now and companies dont know the rules of the game so things arent developing as quickly.
I think if the government irons out how to proceed, we can get more robust products (ETFs, options, etc) and the space can grow quickly. If they dont, we stagnate.
Q - Assume the statement got out that BTC ETF is approved. What do you think will show as the direct impact of that in the markets in the next 6-12 months?
A - It would be big. It would kick start a good amount of business to flow not to mention the bullish retail impact
Get your tight buns on there and ask some more.