This news comes from Meltem Demirors who is the director of the Digital Currency Group. This group is an investment company which invests in currencies and crypto blockchain businesses. He says that this explosion will come from Wall street bonuses. He stated, “When Wall Street bonuses hit bank accounts on January 15, I imagine we’ll see a crypto buying spree of epic proportions.” This may come as news for some, but many investors know this trend especially in the traditional stock market. Every year, wall street workers get these bonuses around this timeframe. Many are young and aggressive people who like to make spontaneous decisions with their money. Many have hundreds, even thousands, of dollars that they choose to gamble away.
Today is the 15th of January, when the expected bonuses are supposedly coming out. Maybe we might not see an influx of money pour into cryptocurrencies right away. 2018 as a whole could be the year that crypto sees a boost from Wall street.