https://i.postimg.cc/FzsY4Bmg/bitcoin-1813505_640.jpg

# One of the most over-used phrases in all of business likely rings true in crypto currently.

Citing one of the most famous lines used in business today, first uttered publicly by the famous Wayne Gretzky, one could easily apply that to the current crypto investing atmosphere.

Gretzky said he first heard that phrase from his father telling him that in order to be successful in hockey he needed to anticipate where the puck was going to go next, not just skate to where it already was.

In crypto there may never be a time when that is more true.

The tough part is, of course, knowing where that puck will go next.

https://i.postimg.cc/ydGPgcdR/Quotation-_Wayne-_Gretzky-_I-skate-to-where-the-puck-is-going-to-be.jpg

(Source: https://www.azquotes.com/quote/117311)

# Where does the puck go next?

As we sit near the 10 month anniversary of the crypto market cap peaking, we are left wondering where the best place to put our money is going forward.

If we were to pick the next bitcoin from here, we would undoubtedly end up very wealthy.

The question is though, what is the next bitcoin?

From where I am sitting, I am thinking that the next bitcoin might actually be the old bitcoin.

Why do I think that?

You see, at the current moment in time, bitcoin and the cryptocurrency markets are suffering from a lack of demand.

There are a whole host of reasons for that, which I won't get into here, but know that just about every single one of them is slowly being worked out over these past 10 months.

Eventually all the reasons not to buy bitcoin and crypto will start to be smaller than the reason to buy bitcoin and crypto.

# In order to predict where to put our money, we should contemplate where the next wave of money is likely to come from...

Is it going to come from retail traders? From governments? From hedge funds? From institutions? From countries experiencing currency problems? Or, something completely unforeseen?

My guess is that it might be some combination of all of the above.

However, there is one in particular that really stands out to me, and that is the institution category.

Institutions would be things like pension funds, endowments, mutual funds, insurance companies, etc.

Basically, they are large pools of money that often move on investments as one giant herd.

According to just about everything I have read there is just about none of this kind of money in crypto markets currently.

However, that is all about to change.

We have had custody solutions pop up, we have had insurance offered on holdings, we have had new and easier ways to purchase continue to pop up, we have gotten some clarity from regulators along with a whole host of other developments that will ultimately help usher that money in.

Don't believe me?

Looks like Yale is already dipping their toes in via their endowment:

https://www.ccn.com/yale-university-has-invested-in-two-cryptocurrency-funds-report/

(By the way this is absolutely huge news that the markets are mostly ignoring currently. Don't make the same mistake.)

https://i.postimg.cc/pd4CyKyF/yale-university-bitcoin-cryptocurrency-760x400.jpg

(Source: https://www.ccn.com/yale-university-has-invested-in-two-cryptocurrency-funds-report/)

# Ok, so now that we know institutions are coming, how do we play it?

According to everything I am hearing and have read, institutions will most likely be purchasing bitcoin over anything else.

Over time they may branch out to other investments, but at first it will be all bitcoin.

Which means, if the next large influx of cash that comes in is likely going to focus on a particular coin, what do you think happens to said coin?

That's right, it likely goes significantly higher.

Therefore, my thinking is that if institutions are going to be the next influx of money, bitcoin is likely going to be the biggest beneficiary, at least first.

Which means, owning bitcoin right now is probably a good idea.

That being said, in the past, any time bitcoin has run, altcoins eventually followed suit and went up an even greater percentage.

Which means, the play might be to ride bitcoin up, then cycle out into some altcoins after that happens to ride their wave up as well.

Keep in mind that this isn't investment advice, just the thoughts of one lowly crypto blogger.

Stay informed my friends.

Image Source:

https://www.influencive.com/what-is-the-future-of-bitcoin-are-we-seeing-a-transition-of-power/

Follow me: @jrcornel