As you already know, Bitcoin (BTC) was finally able to surpass the psychological level of $10k.
This has been expected by crypto experts and enthusiasts, and more essential voices in the cryosphere said that once this happens, the FOMO will get unleashed to the mainstream and institutional money can start pouring in the crypto space.
At the moment of writing this article, BTC is trading in the red on CMC, and the most important crypto in the space is priced at $10,605.
Mike Novogratz, to bring institutional investors in the crypto space
Mike Novogratz’s Galaxy Digital is expanding into crypto options contracts in order to meet demand from institutional investors.
The Block reported that Yoshi Nakamura, global head of business development at Galaxy Digital, said that crypto mining companies and lenders are boosting sustained interest in crypto options which can be used to hedge against the “inherent volatility risk” of cryptos, as cited by the Daily Hodl.
Back in March, Novogratz said that “I think the macro case for [Bitcoin] is pretty strong. And so, if you can put a couple percent of your portfolio in, there’s a decent chance it catches wind. Fidelity is just getting set up. Bakkt continues to get delayed a little bit, but it’s not going to be delayed forever. They’re going to be in the game. And there’s lots of other players coming.”
BTC is set to surpass $15k
One of the Gemini founders, Tyler Winklevoss has recently stated on social media that when BTC manages to break the $10k level, the coin will quickly surpass $15k as well.
His prediction says that BTC will be getting back to the all-time high near $20k soon, as the data shows that back in 2017 BTC needed eight days to go from $10k to $15k. We’ll have to see what happens and if we’ll witness 2017 all over again.
Rada attended the courses in the Faculty of Letters, Romanian-English section, and finished the Faculty of Theatre and Television, Theatrical Journalism section, both within the framework of Babeş-Bolyai University of Cluj-Napoca. Up ’til now, she reviewed books, movies, and theatre-plays, enjoying subjects from the cultural niche. Her experience in writing also intersects the IT niche, given the fact that she worked as a content editor for firms that produce software for mobile devices. She is collaborating with online advertising agencies, writing articles for several websites and blogs.