With the year over we can take a step back and look at how far we’ve come. One of the major moves forward was in institutional investments. A recent article by Sam Bourgi from CoinTelegraph highlights how “Crypto investment managers had $62.5 billion in assets under management at the end of 2021”! Bourgi continues “Crypto investment products registered $9.3 billion in inflows during the year, up from $6.8 billion in 2020, according to the latest CoinShares data, which was released on Tuesday. Bitcoin funds attracted $6.3 billion worth of capital last year, while Ether products saw inflows totaling nearly $1.4 billion. Multi-asset funds were also popular, attracting $775 million in investor capital.”
Here is where we want to stop for a moment and just remember a few things. First: Bitcoin started in 2008, and was laughed at for nearly a decade before people realized what this asset was. We are all so early to this market it is remarkable. The fact that you are here reading this right now makes you among a small elite of people that care enough about this space to want to get daily updates. A six figure bitcoin is inevitable in the long term. If you have a ten year time frame I don’t think you will ever find a better asset than Bitcoin and ethereum. The other altcoins are gambles, but at this stage in the game BTC and ETH are here to stay for the foreseeable future.