As the way of mainstream adoption continue, the company Bloomberg released new tickers today for its program the Bloomberg terminal.
According to Fortune the Terminal added three other crypto-currences—Ripple, Ethereum and Litecoin—to its terminal service.
As part of the movement towards Wallstreet adopting cryptocurrencies, we will see more and more currencies added. Former hedge fund manager turned cryptocurrency investor Mike Novogratz just said he believes institutional investors are only weeks away from adopting Bitcoin and Ethereum en masse. Novogratz also said this Wall Street “migration” will cause crypto prices to surge. The bull market predicted by Novogratz is well in progress. But will the addition of Bitcoin to the CME futures cause the alts to bleed again? Or will the money flow into the cheaper coins as bitcoin soars into the $20,000s
Bloomberg declined to comment on the decision to add the new alt-currencies to the terminal, but a person familiar with the company said they were added as a feature for foreign-exchange traders.
According to Novogratz
“When it’s that easy [for institutions to invest], the price of bitcoin or ethereum is going to go much higher. And that is a lot closer than people think.”
If that is really the case, we should see alts have a record year come 2018. The top alts will soon be known, some suggest if Coinbase adds only a few altcoins, that those few will see their portfolio multiply.