Financial Monster Goes Blockchain
The US financial services company Northern Trust, which has almost $10.7 trillion in assets under custody and administration (for comparison, the US GDP is estimated to be about $18 trillion), will start to provide its fund administration services to crypto hedge funds betting on bitcoin and ethereum. And this is only a small part of a huge blockchain plan the Northern Trust intends to carry out. The company wants to implement blockchain in its business but it is difficult to do without more complete regulatory oversight.
Apart from the Rothschilds, other powerful financial tribes are entering the crypto market. Among the Northern Trust’s shareholders are well-known BlackRock, J.P. Morgan, Goldman Sachs and other big players. Financial sharks who rule the global markets are aware of bitcoin’s fate. It will go up, but the question is when and how many % it will grow by. In any case, it is better to buy some crypto now.