Crypto market in red, which causes many investors to panic, forcing to sell their crypto assets. At the same time, the co-founder of Ethereum (ETH) Charles Hoskinson looks optimistically at the current situation and predicts a bright future for cryptocurrency in his Twitter.
What's often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, wall street is showing up to the party with all their locked up capital. That's tens of trillions of dollars entering the space eventually. Future is bright
— Charles Hoskinson (@IOHK_Charles) June 21, 2018
Although in the panic of red candles it’s hard to imagine that the crypto market will be able to experience another boom of fairy-tale price growth, but “tens of trillions of dollars”, about which Charles tells a pretty real fact.
The relationship on Wall Street, as we see, is still warming up to the market for cryptocurrencies after Goldman Sachs opened the Bitcoin (BTC) trading platform for its customers, after which other companies begin to enter the crypto sphere, as Blockchain Capital predicted.
After the regulation of the crypto assets will be more clear, then we will see the entry of larger companies and more offers for BTC, ETH and other top cryptocurrencies such as Ripple, Litecoin or Monero.
One of the pleasant news, as we saw earlier, CME and CBOE offer Bitcoin futures contracts and operate with other instruments, such as the ETF from The United States Securities and Exchange Commission (SEC).
As early as this month, more good news came from the SEC when they stated that Bitcoin and the Ethereum would not be regulated as securities. Despite the fact that the ICO market is still confusing about the SEC, the organization doesn’t doubt that Bitcoin and Ethereum are clearly not within its competence.
In spite of Hoskinson’s optimistic forecast, we will see how much he is right with time. Now we can observe how Wall Street really follows the money, while even skeptics panic in finding reasons for retreat, which are not always justified by real facts.