Why/how is "institutional money" actually going to enter crypto? I'm genuinely curious, not trying to b8. We know the normies came and went. They got dumped on. So now we are all speculating that the next wave will be by institutions. Ok.
But how or why are they going to enter? Sure it is a new emerging asset class. It has a lot of technological implications, but the volatility of the market is insane.
Look at BTC. We see that some Mt Gox Trustee jap can singehandedly ruin the market. Why the fuck would institutions put a lot of their money in, only for 1 fucking guy to completely ruin their portfolios? I mean, when it came to USD, they've spent decades hoarding it.
However, there are NEET faggot whales who premined a shitload of BTC, which is now worth a lot. It's not the same as institutions who have hoarded decades of U.S. dollars.
Also, how are they actually going to do it? Unless GDAX opens corporate accounts, they are just going to have a rep from their company open a retail account, reach out to a rep at coinbase, to get the limits bigger?
Also, I've downloaded Circle Invest and the Abra app. They're cool. But they're normie friendly, and the normies know coinbase already. They search "buy bitcoin" on app store and boom they use coinbase. Those normies got rekt.
Stock market has been around for decades. WHY would institutions come into a market that is UNREGULATED and they could easily get pumped and dumped on? For internet coins that have no real world application but MUH technology potential?
Also, they can't just hold the private keys for all their clients. That's a huge cluster fuck. MAYBE it can happen with futures on these coins, but we all saw the futures trading didn't pan out well; you don't actually OWN the coins. So it's gay and worthless.
I mean, we're all sitting here hoping they usher in the next bull run. But I'm trying to logistically see how that will happen.
