Quote from: onyebuchi81 on February 23, 2018, 04:17:20 PM

This years forecast by market analyst makes last year crypto market look like a fart in a hurrican. I've heard estimates of 1.5 to 2.5 Trillion once institutions money come in. Nobody wants to make the first move understandably. They risk legitimizing crypto and could get wrecked. They are used to huge investments vehicles like ships. Bitcoin and crypto are like a race cars and speed boats. Wild and unruly. Which ever institution comes down first will go down in history as the icebreaker between blockchain and old blue chip world. Each year more money will pile in until 2028 when banks will all have their own blockchain currency. They will push back to late trying to hold on to money, email hasn't deleted the postal service it's just changed into a parcel service. I feel this technology hasn't been understood in its implications. Money is a thousand year old technology and tomorrow it will only be cryptographic cash. We just don't realise this is it. The first e-mailers were coders. Today your grandfather is emailing something across the world in a second. People said it would never replace the postal service. The TV was a 2 inch black and white screen. They said it would never replace radio. Crypto is geeky and technical it will never replace money. Sounds familiar to anyone😎

I think that a lot of institutions actually invested in November/December and that largely contributed to the big price increases we saw then. There are figures about the growth of cryptocurrency hedgefunds that support this.

You are right about the potential of crypto to 'replace' fiat and lead fiat to be used in a completely different way.