Bitcoin, Ethereum, Ripple Have 'Big Money' Moment As Expert Sees 'Incremental Institutional Buyers' Driving Current Rally

Bitcoin, Ethereum, and Ripple are experiencing a rally driven by institutional investors, according to DataTrek Research. While retail investor demand is declining, institutional buying is increasing, as evidenced by the low mobile wallet user count and stablecoin volumes. The recent surge in cryptocurrencies is attributed to this 'Big Money' moment, with Bitcoin reaching an all-time high of $123,091.61 and Ethereum nearing its 2021 record. Publicly listed firms are also adopting new frameworks for adding crypto to their treasuries, indicating a shift in market dynamics.

Investor Balaji Srinivasan predicts all assets will be blockchain-powered. Trillions in Bitcoin secured, stablecoins approved. Ethereum unlocks doors.

Silicon Valley investor Balaji Srinivasan predicts that blockchain technology will secure and manage all valuable assets in the future. He notes that trillions in Bitcoin are already secured on blockchain networks, and regulatory clarity for stablecoins could enable the management of stocks and bonds via blockchain. Srinivasan also highlights a demonstration of unlocking a door using Ethereum, indicating that even physical assets like homes and cars could be managed through blockchain.