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In May 2018 Bloomberg announced that they had formed a cryptocurrency index which is significant for a few reasons. First, Bloomberg only caters to institutional clients so their index is their first step to widespread institutional involvement. Secondly, either in 2018 or early 2019 we will see ETFs for both BTC and ETH. Chances are Bloomberg’s index will form the basis for an cryptoasset index based ETF in the next two years. In that same time period, we are also going to see the SEC end its war with ICOs and end its argument that anyone raising capital with the promise of a profit is selling a security. In addition, the SEC will allow regulated exchanges for cryptoassets to open sometime in the next two years. After that, institutions will move significant assets into the cryptoasset markets and the eventual market cap will probably be in the neighborhood of 20 trillion dollars.

Van Tharp

#kryptowaluty