For Bitcoin ‘Moon,’ Just Wait Till Institutional Investors Show Up

When moon, as cryptocurrency enthusiasts often ask each other. Soon as institutional investors come in. And they will, once the regulatory framework makes trading and owning Bitcoin and other cryptocurrencies as legally secure has holding gold futures and foreign currencies. (Shutterstock)

Bitcoin is going to $14,000, bulls say. That’s the tamest call. Tim Draper thinks it goes to $200,000 by 2022. Others in the market, like Forbes columnist and London’s ThinkMarkets strategist Naeem Aslam, think $50,000 by December is doable.

They mostly say it is because of news of exchange-traded funds getting closer to getting greenlit by the Securities & Exchange Commission. They also cite market-friendly regulations that make real-money investors think the top cryptos can be traded with investor protections, no different than gold futures and forex. Those regulations give investment advisors with fiduciary responsibility to a client an impetus to put money…