Cryptocurrencies are hitting higher highs.
All as retail and institutional interest gain momentum. Just today, for example, BNY Mellon said it would begin financing Bitcoin and other digital currencies.
“Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon, as quoted by CNBC.
Even Mastercard has said it will open up its network to select cryptocurrencies. Tesla, Square, and PayPal have also warmed to the digital currencies.
However, this may only be the start to the crypto-rally.
Citibank says we could see $318,000 BTC in 2021. Goldman Sachs, JP Morgan, and Citi are all reportedly looking into crypto custody, as noted by CoinDesk. Even BlackRock just said two of its funds can now invest in cryptocurrencies.
While you can always invest in cryptocurrencies, mining stocks have become just as popular, including Riot Blockchain (RIOT), Marathon Patent Group (MARA), Canaan Inc. (CAN), and HIVE Blockchain (HVBTF).