Bash4j Posted July 19, 2023 Share Posted July 19, 2023 This will be the first time that cryptocurrency is gradually becoming a household term. Institutional adoption might be the possible reason to cause the next bull run. 1. Amazon Accepting Crypto The CEO of Bitget Gracy Chen as well as the CZ of Binance believes the starting gun for the next crypto bull run lies in the hands of one big company. Interestingly Amazon is already experimenting with blockchains. Of course, this all feeds into the idea of adoption. If any large tech company (Apple, Google, Facebook, Netflix, etc.) started accepting or issuing crypto as standard, the price of the leading coins could multiply overnight. 2. Cryptocurrency ETFs Exchange-traded funds (ETFs) are investment funds that can be traded on stock exchanges like regular equities. They gained widespread popularity in the early 1990s and have since seen more than $2 trillion of investment. Investors like ETFs due to their flexibility, diversification potential, lower costs, and tax benefits. Currently, there are few crypto ETFs application like - Blackrock - ARK Invest - Valkyrie - Invesco - WisdomTree - BitWise with $4.5 Trillion in assets from Fidelity. so far, the U.S. Securities and Exchange Commission (SEC) has approved a few with others yet to be approved leading to Vast amounts of institutional money slowly flowing into the sector, thus firing the starting gun on a new bull run. What are your thoughts? Link to comment Share on other sites More sharing options...
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