Published on July 18 2018

This Market Grew $20 Billion in 30 Minutes

By Justin Spittler, editor, Casey Daily Dispatch

The smart money’s moving off the sidelines… and into cryptocurrencies.

This would be a big deal for any asset. But for cryptos, it’s a game changer.

You see, up to this point, retail investors have dominated the cryptocurrency market. In fact, former Wall Street hedge fund manager turned crypto expert Mike Novogratz says retail investors make up 98% of today’s market.

In a way, that’s good. After all, cryptos have given everyday people an opportunity to bet on the biggest technological revolution since the internet—ahead of Wall Street.

In the process, many folks have turned small sums of money into million-dollar fortunes.

But here’s the thing…

• Retail investors can only take cryptos so far…

For the market to truly go mainstream, it’s going to need institutional investors.

And that money is finally entering the space.

Yesterday, the global crypto market added $20 billion in value in just 30 minutes.

That’s an enormous move… and it was likely due to buying on behalf of major institutions.

I’ll explain why this is happening in a second. I’ll also tell you why a lot more institutional money should head into this space. Finally, I’ll show you how to ride this tidal wave to massive gains.

But let me first tell you why institutional investors have been avoiding cryptos.

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• The regulatory environment surrounding cryptos has been uncertain…

You see, it wasn’t clear until very recently how the U.S. Securities and Exchange Commission (SEC) would regulate cryptos. Because of this, many institutional investors took the “wait and see” approach.

But that’s no longer an issue.

Last month, the SEC declared that bitcoin and ether (another major crypto) are not securities. This means that the SEC won’t regulate bitcoin or ether like it does stocks.

This is big news. It brings badly needed clarity to the market, which should get a lot of institutional money off the sidelines and into cryptos.

But that’s not the only reason why institutional money could soon start pouring into the space.

• Infrastructure to support institutional investment is also being built out…

Just look at what Coinbase is doing.

Coinbase is an online marketplace for buying popular cryptocurrencies like bitcoin, ether, and Litecoin. It’s also the second-biggest crypto company after Bitmain, a Chinese bitcoin miner.

Last month, Coinbase launched its own custodial service.

This service will provide institutional clients with secure crypto asset storage, institutional-grade broker-dealer and reporting services, and client coverage. In other words, it will allow institutions to securely buy and own cryptos.

So far, the service has been a huge success. In fact, Bloomberg recently reported that Coinbase accepted funds from 10 institutional investors during the first week of operations. By next January, the company hopes to have 100 institutional clients using its custodial service.

This is great for the crypto market. You see, in addition to regulatory uncertainty, a lack of secure custodian solutions has been one of the biggest things keeping institutional investors out of the space.

But that shouldn’t come as a surprise.

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• After all, many institutional investors manage billions of dollars…

Some manage trillions.

Because of this, institutional investors can’t invest money like you and me. The stakes are too high.

For them to put money on the line, they must know that their funds will be secure. And the crypto market is finally giving them those solutions.

I’m not just talking about Coinbase, either.

• Circle is now catering to institutional investors as well…

Circle is a digital payments company. Specifically, it operates a peer-to-peer payment network built on blockchain technology, which underpins nearly every cryptocurrency on the planet.

It also offers a “Trade” platform that allows institutional clients to buy and sell cryptos.

And like Coinbase, it’s seeing a lot of demand for this service. In fact, Circle recently reported a 30% spike in investments for the month of May. It also reported a 15-fold increase in transaction volumes from a year ago.

This is a big news, especially considering the timing. You see, bitcoin fell 18% in May.

But that didn’t stop institutions from wanting to get into cryptos. Here’s what Circle’s CEO told CNBC in June:

In May, which was a challenging month, we saw a sharp increase of unique new counter-parties. A lot of folks on the institutional side are on-boarding, and getting their ducks in the row.

• Crypto enthusiasts have been waiting years for this to happen…

…and for good reason.

Remember, hedge funds, family offices, and other institutional investors have extremely deep pockets. They can move entire markets with a single trade.

The good news is that we still have a chance to get ahead of these institutions before they push crypto prices much, much higher.

That’s because it will take time for Coinbase, Circle, and other companies to convince major institutions that it’s safe for them to invest in cryptos.

But once that happens, watch out. The crypto market will likely reach levels never seen before.

So, consider speculating on cryptocurrencies if you haven’t yet. Bitcoin and ether are great places to start.

Just don’t wait too long to act…

That said, don’t forget that cryptos are highly speculative.

This means you should keep your position sizes rational… and never bet more money than you can afford to lose. It only takes a small amount to make a fortune in the years ahead.

Regards,

Justin Spittler
Porto, Portugal
July 18, 2018

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Reader Mailbag

Are you invested in bitcoin or other cryptos today? Have you been holding or buying more over the past month? Or are you avoiding the space altogether? Let us know right here.


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