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Bullish Institutional Crypto Fomo Kicking In Now

Originally aired on June 20, 2023

Wendy O discusses updates on various altcoins, Bitcoin dominance, and institutional investors filing for Bitcoin ETFs. She also talks about Larry Fink of BlackRock expressing bullish sentiments towards crypto, which some speculate may be motivated by a desire to disrupt the banking industry. However, Wendy also expresses concern about the potential for increased wealth inequality as traditional finance gets more involved in cryptocurrency.

Are institutional investors fueling a FOMO in the crypto market?

  • Several large firms, including BlackRock and Fidelity, have recently filed for Bitcoin ETFs.
  • Dan Held’s tweet shows the recent institutional interest in Bitcoin.
  • Some speculate that BlackRock’s Larry Fink may be motivated by a desire to disrupt the banking industry.
  • However, the host expresses concern over potential wealth inequality resulting from traditional finance’s involvement in crypto.