Crypto Crisp: Full-blown Institutional Adoption
The crypto market showed some positive momentum over the weekend. We will not repeat ourselves on why we are highly bullish going into this fourth quarter, so we will spare you that for now. What is notable is the steady stream of major financial institutions announcing new digital asset services on a weekly basis.
Institutional adoption is a key driver for the crypto market. It brings greater legitimacy, increased onchain activity, improved regulation, and, ultimately, more buying pressure. More of that, please.
The developments with SWIFT are particularly undervalued by the market. Given that almost every bank globally relies on their services, SWIFT’s entry into the crypto space holds significant weight.
The institutional adoption of crypto is progressing steadily. Last week saw announcements from SWIFT, Visa, and BBVA. It is important to closely monitor these institutional moves, as they will play a crucial role in driving this crypto bull market.
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