With banks and big mainstream investors starting to invest in the larger cryptocurrencies we will likely begin to see cryptocurrency take more of a hold in the mainstream of the global investing world. This means that it is likely we will see the total cryptocurrency market cap surpassing one trillion dollars within the next couple years. We will see major foreign investment in cryptocurrency as many savvy investors from foreign countries do not want to invest in their stagnating economies, and are desperate for alternatives. Not only does cryptocurrency offer an alternative investment, it also allows easier access to international markets for underbanked individuals and businesses. The breadth that we are experiencing in cryptocurrency markets is good sign that we are now beginning a powerful wave-3, and this breadth will likely continue for many years as each individual cryptocurrency fulfils its own niche.
LIVE UPDATES POSTED HERE: https://www.tradingview.com/chat/#k2duaEvkzQaA6DrC
LIKE AND FOLLOW FOR MORE IDEAS
Not sure how much longer central banks around the world can maintain zero, negative and low interest rates (looking at you Japan), combined with printing copious amounts of money (Hello 1970s, that didn't work either). While all that is inflating equity markets and we currently have a nice bull market, I personally doubt this can go unpunished and a correction will come about as you say. The US's tentative 25 BP increase every 4 months just isn't fast enough. They should check their historical debt levels and the respective interest rates then.
And this is where Crypto truly shines as an alternative asset class; a better yielding asset than gold while hedging against financial market shock.
Would love to hear you thoughts Intuit.