Cryptocurrencies: The Tipping Point Is Here
With the prices of Bitcoin, Ethereum and others rising to new highs, more and more skeptics surface to proclaim the whole cryptocurrency craze is nothing more than a bubble. Stratospheric price projections by those seeking to start hedge funds add creditability too this argument. Of course, if I were trying to raise a $100 million hedge fund where I collect $2 million or more annually, I would be tempted to paint a rosy picture as well.
If you only pay attention to the price of currencies and their wild gyrations, it is easy to get distracted. Out in the real world where cryptocurrencies are being tested, the evidence continues to mount everyday that the crypto movement is reaching a certain tipping point. Baring some unforeseen developments, the movement will only accelerate.
A Look At The Evidence
In order for cryptocurrencies to reaches the world’s masses there has to be a level of acceptance beyond a few million millennials experimenting with a new technology. True acceptance depends on institutional adoption. This is happening right now and at a surprisingly fast pace.
Here is some hard evidence underlying our point. We have already talked about December 18th as the date for the start of trading of Bitcoin futures on the Chicago Mercantile Exchange. Well now the Moscow Exchange is preparing to trade Bitcoin futures also. MOEX is the largest exchange group in Russia.
Another report in The Wall Street Journal points to the NASDAQ offering a futures contract sometime around the middle of 2108. Analysts have dubbed the combination of these three events as the official mainstreaming of Bitcoin.
The value of Bitcoin is now more than $160 billion making it worth more than 85% of the companies listed on the New York Stock Exchange. This is simply too big to be ignored. The value of Ethereum is close to $50 billion making it worth more than 65% of the New York Stock Exchange companies.
Creating a futures contract on three of the world’s largest financial markets will benefit Bitcoin. As we have pointed out on previous occasions, what is good for Bitcoin is good for Ethereum. So look for Ethereum futures trading to happen sometime next year.
In the meantime, the world’s first Ethereum-denominated bond was announced by a UK startup firm named Nivaura. What separates Nivaura from just any other startup is their partnership with global banking giant JP Morgan and Moody’s. The UK’s Financial Conduct Authority (FCA) has given their approval. This further underscores the number of government institutions getting behind cryptocurrencies beyond Bitcoin.
Institutional Reality
The institutionalization of the Ethereum provides solid evidence that it’s decentralized blockchain technology featuring Smart Contract capabilities is a reliable platform to be trusted. As this takes place along with improvements in Ethereum speeds, this is positive news for SilentNotary.
About SilentNotary
SilentNotary is a digital notary that saves and certifies documents, emails, chats, audio and video recordings. Document and transactional authenticity is verified and secured using Ethereum blockchain technology. To this SilentNotary’s development team has created patent pending Lightstamp technology.
SilentNotary is the world’s blockchain notary and intends to use it first mover advantage to address one of today’s major problems. Data is easily falsified or misrepresented resulting in conflicts, damage and massive financial loss.
SilentNotary is the only digital notary to offer a complete array of serviced including B-2-B, B-2-C, B-2-G and IoT using a full array on user interfaces: chatbots, email, audio and video recordings. All user information is securely stored in the Notary Vault and accessible whenever needed.
Wherever in the world there is a need for trust and verification, SilentNotary has a customer. This includes more than 60,000 companies connected to over 2.3 billion mobile users.
SilentNotary Announces ICO Holiday Sale
In the spirit of the holidays, SilentNotary is holding a Christmas and New Year Sale from December 13th until the 27th. Registered participants will receive a one-time discount of 24%. This offer is only good during the limited time so be sure to get registered now. We look forward to sharing the holiday spirit with you.
James Waggoner
