1.18.18: One Reason Why Cryptocurrencies Could Be Worth $1.2 Trillion This Year. As institutions become more comfortable with digital assets, markets will become more willing to accept a crypto evolution, says Fundstrat.
A major factor pushing cryptocurrencies toward $1.2 trillion in market cap is the rise of institutional inflows in 2018, Fundstrat analyst Thomas Lee wrote.
"Ultimately, we expect institutions to become more comfortable with valuation approaches to crypto, as markets have shown willingness to accept evolution in market approaches," Lee noted.
"Equally important, cryptocurrency correlation to equity, bonds and commodities is low, arguing for portfolio allocations to crypto," he said.
