Tom Lee thinks bitcoin (BTC) is still too small for the big institutions. In a recent interview with The Block in the Computer, he talks about the two main problems are: there are very few safety nets, and the ecosystem is not mature enough for that.
Lee is a huge bitcoin bull, and as co-founder of Fundstrat. With his company he has to research in order concerning the processes of investment to improve it. This is part of a very large and high-risk market such as that of bitcoin and other cryptomunten as well.
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Too small for you?
The infrastructure for large corporate and health insurance companies, or mutual funds, it is still not good enough to get people into bitcoin is to pull out. That puts Lee in the interview.
“The infrastructure is not yet in order, but that mainly has to do with the size of the market.”
Tom Lee
The market is, according to a bitcoiner is still very small. It’s a fair question: why is the time and effort put into the market with a total market capitalization of $217 billion, of which more than 67% of the BTC)? As for the gold, stock and bond markets are many times bigger?
If the major parties are asking for 1% of their money in bitcoin to it, and does it influence the market greatly. It could not, therefore, at a very reasonable price, and the contact with the market.
If underwriters or any other parties with a whole bunch of money to sit to do so, but do they have the correct strategy to do so.
Lee shows that in the united states, and only a small amount of interest in bitcoin. Because of that, he sees it more as a hobby, but he has yet to have any big bodies to be able to function.
With Bakkt is there a new way added to the investors to participate in bitcoin. But it is not really a storm, at it’s new venue, the Intercontinental Exchange.
Associated with the ” old ” world
Also shows Lee in a recent interview that he believes that the bitcoinmarkt is mainly associated with the S&P is a stock market index from the states). If bitcoin is a hedge against a bad period in the market, then BTC is at its best in a year in which the S&P, things aren’t going well, suggests Lee.
The opposite is true, according to the fund manager: the years in which the S&P, it’s not, it does bitcoin it is not a good idea. It comes out to an annual loss of 19% if you look only at the bad years of the S&P’s view.
At the same time, we also have a large increase in the price of BTC, saw it while the stock markets in America are well off. ”The best days of bitcoin, when the S&P performed well.”
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