Reuters Survey: At Least 56 Finance Firms Will Enter Crypto In Next 6 Months
April 24 2018 - 10:31AM
InvestorsHub NewsWire
Twenty percent of financial firms want to “start buying and selling
digital tokens” in 2018, Quartz reports Monday, April 23.
According to a range of over 400 undisclosed businesses surveyed
by Thomson Reuters, one in every five “have plans” to begin direct
contact with cryptocurrency assets in the next 12
months.
Reuters, which began including Bitcoin sentiment in its data feeds last month, did not
mention the stature of the firms involved.
Nonetheless, 70% of those who said ‘yes’ to crypto in 2018 also
said they were planning to begin within the next three to six
months, translating into at least 56 new players offering
cryptocurrency in some form by October.
The positive outlook reflects the overall wave of enthusiasm
which has characterized crypto markets in April.
As Bitcoin and altcoin prices hold gains which topped $9280 Tuesday, pundits have been
weighing in on the stronger performance due to set in for assets
before 2019.
Current price estimates range from $25,000 to $100,000 by year end for
Bitcoin, with traditional finance money jumping in after waiting ‘on the
sidelines’ remaining a common narrative.
On Monday, Pfeffer Capital partner John Pfeffer announced he thought Bitcoin
could eventually rise to $700,000.
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