What’s going on?

But no one can tell for sure. No one can make 100% guaranteed forecasts. We can only guess, considering different facts and signs.

And there are many signs, which can be considered as an evidence of the upcoming intense growth.  

Current situation looks like very serious players want to perform a profitable entry into the market, and now they are manipulating the rates. Lower the capitalization gets – easier to control the rates. Now the cryptocurrency market cap has touched the mark of $267 billion. The same metric we were watching in November, just before Bitcoin rushed to $20k level.

Not only individuals are going to invest in cryptocurrency. For the moment institutional investments take place mostly in Japan. When they come to the West, crypto rates will inevitably rush higher. Morgan Creek seeks to raise $500 million for cryptocurrency hedge exactly because it’s waiting for serious investments.

Large crypto exchange Bitfinex is moving to Switzerland, adding 2 fiat currencies: Japanese yen and British pound. There is a possibility, that direct exchange to fiat money will attract more investors. 

Most of the income is getting by institutions – not by individuals. Yearly earning made by exchanges with transaction fees amounts for than $1 billion dollars. And how much money do ASIC developers gain?.. Have a look at informational services, mining pools, exchanges, bots… Cryptocurrencies are not just a code – it’s the whole huge infrastructure, which attracts the attention of the governments. And people, who control billions of dollars, obviously didn’t start this business just for to let it over.