We are in the very beginning of a new bull market cycle – and never in the history of this asset class have so many large corporations started taking the underlying asset seriously.
JPMorgan is launching its own internal coin. It’s not really a coin; it’s more of an internal derivative. But the fact they are positioning it as a crypto coin will educate the entire market on the benefit of this technology.
Facebook, with nearly three billion subscribers will be trained on how to use its crypto coin. Again, it’s not a real cryptocurrency. But the fact that Facebook is embracing this technology — and riding the coattails of the interest around blockchain — is huge!
Facebook will be bringing crypto to everyday, common people—a huge global audience that ordinarily wouldn’t be exposed to it. This is an enormous boost for the whole crypto market.