[2018-11-08] Are We Approaching ‘Big Money’ Conditions in Cryptocurrency Market?

[Red Feast]

The absence of High Net Worth Individuals (HNWIs) has kept crypto markets hovering at a relatively modest $220 billion total market cap. However, recent stability in bitcoin prices poses the question of whether markets are growing to be mature enough for serious money to make an entry.

Read More https://www.techbullion.com/are-we-approaching-big-money-conditions-in-cryptocurrency-markets/

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[NRista94]

This could be a really good step into adoption, didn't thought i would ever say this, but crypto needs banks (not the regular ones ofc). It is true that people can save their crypto on hardware wallets, but its the same with real money, they can hide it, why use banks? In this particular situation of EQIbank, having a normal debit account and a crypto saving account with an integrated exchange, what can you ask for more?

an interesting read about why Crypto needs banks:
https://www.fxstreet.com/cryptocurrencies/news/why-is-it-so-hard-to-bank-crypto-201811091211

[Igniterr]

Hi,
As tax havens like Cayman Is, share limited or up to no financial data with foreign tax authorities this can fast track adoption.
RD

[5ensei]

Banks are useful as a safe and easy way to manage money, but in crypto there is anonymity surrounding the companies and not a lot of responsibility. This makes people weary about trusting new companies claiming to keep your crypto coins safe