institutional adoption. We’re seeing that already, but I think it’s going to be much more profound in the next cycle.”
Peters also noted that the current market is different from the previous bull run in 2017, which was driven by retail investors. This time, he said, institutional investors are leading the way:
“The difference between this cycle and the last cycle is that this cycle is being driven by institutions. The last cycle was driven by retail. And so, the institutional adoption is what’s going to make this next cycle extremely powerful.”
Peters’ comments come as more and more institutions are entering the crypto space. In recent months, companies like Tesla, MicroStrategy, and Square have all invested in Bitcoin, while major banks like JPMorgan and Goldman Sachs have announced plans to offer crypto services to their clients.
Institutional adoption is seen as a key driver of the next crypto bull run, as it could bring in billions of dollars in new investment. Some analysts have predicted that Bitcoin could reach $100,000 or more in the coming years, fueled by institutional demand.
Despite his bullish outlook, Peters also cautioned that the crypto market is still volatile and unpredictable, and investors should be prepared for ups and downs:
“Crypto is a very volatile asset class. It’s not for the faint of heart. But if you’re willing to take the risk, I think the rewards are going to be very, very significant.”
Overall, Peters’ comments suggest that the crypto market is entering a new phase of institutional adoption, which could drive the next bull run to new heights. As more and more institutions enter the space, the future of crypto looks brighter than ever.
