A Few Major New Players Are Buying Bitcoin and Ethereum. Should You?
You should make your investment decisions on your own, without directly worrying too much about the actions of other investors. But sometimes, certain gargantuan investors, or groups of them, can bring so much capital to bear that their behavior is worth understanding in detail -- especially when they're accumulating relatively volatile assets like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).There's one particular and relatively new pattern of behavior among a group of major investors that's important to know about. It might not push the prices of these coins up indefinitely, but it's already having an effect.Bitcoin and Ethereum are assets with a global distribution. That means that in most major economies, people and businesses buy, hold, and sell them, even if it isn't fully legal to do so. In many major countries, cryptocurrency exchanges are operating legally as well. But even fully legal exchanges within well-defined regulatory regimes can be used for illegal or otherwise less-than-wholesome purposes, like dodging international sanctions or money laundering.Continue reading
You should make your investment decisions on your own, without directly worrying too much about the actions of other investors. But sometimes, certain gargantuan investors, or groups of them, can bring so much capital to bear that their behavior is worth understanding in detail -- especially when they're accumulating relatively volatile assets like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
There's one particular and relatively new pattern of behavior among a group of major investors that's important to know about. It might not push the prices of these coins up indefinitely, but it's already having an effect.
Bitcoin and Ethereum are assets with a global distribution. That means that in most major economies, people and businesses buy, hold, and sell them, even if it isn't fully legal to do so. In many major countries, cryptocurrency exchanges are operating legally as well. But even fully legal exchanges within well-defined regulatory regimes can be used for illegal or otherwise less-than-wholesome purposes, like dodging international sanctions or money laundering.
