With regulated derivatives finally on the menu, do you think the big players are actually gonna FOMO in this time? Feels like this is the green flag institutions have been waiting for to finally get some skin in the game.
I think it's inevitable that institutions will start dipping their toes into BTC, but we need to be realistic about the price action - it's not going to be some crazy 100x moonshot just because they get involved. The real impact will be in market stability and maybe a gradual price appreciation, but I'm not holding my breath for a quick flip. It's more about institutional adoption leading to long-term growth rather than some overnight sensation.
Not sure if it's a good or bad thing but I think we're seeing institutional interest pick up already - look at the CME futures contracts, they're adding to their trading volume and open interest. It's definitely time to pay attention to what these big players do, as they have a lot more capital on the line than the rest of us.
regulator-friendly derivatives are definitely a step in the right direction but I still think we need to see some serious adoption from institutions before we hit $100k, at least. I'm hoping for a 2024 catalyst that gets more of them on board.
I think it's more than just a matter of regulated derivatives, it's about institutions feeling secure in their due diligence about BTC's value proposition and potential for long-term growth. Once they're convinced that it's not just a speculative play, we'll see a lot more money pouring into the space. Regulated derivatives are just the catalyst that'll make them feel more comfortable taking the leap.