Reuters Survey States 56 of Financial Firms Will Enter Crypto in Next 6 Months

Reuters-Survey-States-56-of-Financial-Firms-Will-Enter-Crypto-in-Next-6-months

According to an undisclosed business survey by Thompson Reuters, 1 in 5 have plans to begin utilizing cryptocurrency assets out of 400 undisclosed businesses within the next 12 months.

Reuters also began including Bitcoin sentiment within its data feeds as of last month.

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Quartz  also disclosed that 20% of financial firms are seeking to purchase and sell digital tokens in 2018 according to reports on April 23.

Those who stated “yes” to the crypto survey (over 70%) said they were planning to begin within the next 3- 6 months. This would introduce 56 new large financial players to cryptocurrency in some form by October.

This wave of enthusiasm reflects a positive outlook on cryptocurrency markets in April. Bitcoin currently tops at $9440 and altcoins are rising significantly at the time of this release.

Currently BTC price estimates from other large investors and titans of industry range from $25,000-$100,000 by the end of the year. More traditional finance institutions are waiting on the sidelines before jumping in, but remain optimistic.

Pantera Capital (a crypto hedge fund) stated that they believe Bitcoin will break the $20,000 mark by the end of the year. Tom Lee, a Wall Street strategist is also confident that Bitcoin will reach over $25,000 in 2018.

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