No. of Recommendations: 1
"Crypto is a tiny allocation in Swensen’s nearly $30 billion portfolio. (emphasis mine, and Swensen is the manager of Yale's endowment fund)"

Crypto is still at a tiny base. It does not take much to move the needle. At 1% replacement of gold, BTC is $5000. As you said, institutional money is at basically zero. If they come in at 1%, this puts BTC at about $13,000. This is like going into UBER as an angel investor, before the institutions come in.

"According to Bloomberg, the tech giant is developing a "stablecoin" that will give users a way to transfer money via its encrypted mobile messaging service WhatsApp. Stablecoins are tied to the US dollar and are meant to be more, well, stable and resistant to volatility than bitcoins."

We all know that blockchain is a very inefficient database. HOWEVER, when it comes to money, it's an excellent way- everyone has the same record- full disclosure for all to see. Nobody can change the records without changing *all* of them. As BTC gets bigger and bigger, it gets harder and harder to change a record. When FB wants it to use it to transfer money, you can be sure BTC will participate in one form or the other. Aha! It gives some legitimacy to BTC as use as a currency, doesn't it?

Back to MI, my last month's came in at -9%. What about yours?

(GBTC was up over 40% during the same time frame, which gave me a net positive for the month. I am only trying to help!)

DoesMIWork
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