Deutsche Bank talks about cryptocurrencies and increasing institutional adoption on bitcoin:
The biggest driver of the rally in recent weeks is probably the SEC's approval of the Bitcoin ETF fund, which was last January 10th.
Since then, these funds have seen inflows amounting to almost 7.9 billion dollars.
More ETFs are coming, increasingly institutionalizing the crypto asset class.
Some other forecasts say that this is a period for bitcoin that is only a warm-up and that the rise has not yet come, as this is considered a prelude to much higher prices that would shock the markets.
So whether you're a cynic or a convert, whether you think it's cheap or in a bubble, it's clear that bitcoin is becoming increasingly institutionalized.
