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RE: Mike Novogratz: "Bitcoin will see record highs in 2019"
If the endowments of these educational institutions step in, it could be a huge catalyst given how much assets under management they have. A 1-3% allocation could bring in billions of dollars into the market! This probably benefits the top assets like bitcoin as they are somewhat conservative.
Yep, that is exactly right. They won't be buying other cryptos, though they may buy into some crypto funds that have exposure to many cryptos. The hope is that if bitcoin shoots up, it also pulls steem and others up with it, though it may not.