TL;DR
- Lark Davis predicts that institutional investors will expand into cryptocurrencies like Chainlink and Solana, beyond bitcoin and ethereum.
- He sees the current phase as a pivotal opportunity for substantial wealth creation in the cryptocurrency market.
- Chainlink and Solana have recently shown significant institutional interest and price increases.
Popular crypto influencer and entrepreneur Lark Davis (TheCryptoLark on
According For Davis, financial giants like BlackRock are set to explore deeper into the world of cryptocurrencies, not only adopting bitcoin and ethereum, but expanding their reach to include other prominent cryptocurrency ecosystems and assets like Chainlink and Solana by introducing exchange-traded funds. on the stock market (ETF). .
The last time to generate wealth that will change lives
Davis suggests that the potential bull run that could fuel an ETF could be the pinnacle of institutional participation, meaning a substantial injection of capital into the crypto industry. Additionally, the investor warned his followers that this could be the last cycle to create “incredible generational wealth that will change lives.”
“Blackrock will get bitcoin, ethereum and, yes, eventually Chainlink ETFs, Solana, etc. This cycle is when institutional money shows up in a big way.”
Institutions are interested in exploring Chainlink and Solana
Chainlink has recently seen strong institutional appetite, driving Grayscale Chainlink Trust (GLNK) to a 200% premium. As CryptoPotato reported, LINK price has doubled in the past three weeks amid the broader cryptocurrency market recovery. Part of that institutional interest stems from Chainlink’s future role in the real-world assets (RWA) narrative.
Solana has also seen huge gains in recent weeks. The currency has recovered from massive losses, recording a 300% rise this year. Similarly, Solana’s TVL recently reached over $465 million, a figure not seen since November 2022, the month the world witnessed the FTX collapse.
Institutions have also gravitated toward Solana, which is becoming an investor favorite. according to a report from the research firm CurrencyIn shares, the Layer-1 network saw inflows of $10.8 million last week.
bitcoin and ethereum both surpassed an ATH this year, with btc approaching the $38,000 mark this week and eth crossing $2,000 as BlackRock signals a possible ETF filing.
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