Mob Mentality Rules Bitcoin Space

Related: Crypto Expert Tom Lee on Bitcoin’s Boom, Bust, Possible Revival

Bullish sentiment has been fueled by a spate of news from institutional investor interest from firms, such as BlackRock who is looking to assemble a working group to explore opportunities in cryptocurrencies and blockchain, their underlying technology. In addition, cryptocurrency ETFs from the likes of Bitwise, VanEck and SolidX are currently pending SEC approval–a move that could help give cryptocurrencies more approval from reticent investors.

“The holding and storing of digital currencies—was the biggest issue for investors, with around 38% saying a cryptocurrency would never become a global reserve asset. DataTrek surveyed 216 people of which 42% were in the traditional money management industry and 24% were brokers,” according to MarketWatch.

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