It’s still a coin flip for me. I believe many large shares of coins are owned by a small set of individuals with the power to move markets with a single trade.
But, with more investors and institutions coming in, and investor retirement accounts in the future, the sky’s the limit. Once the average Joe can get in with their retirement account, game over.
Along the way, we’ll see ups and downs of course. Double-digits moves in under an hour aren’t going anywhere. That’s about as forward looking as I can get.