Update on Cryptocurrencies: September 18th, 2022 By, Nolan Loxton
Bloomberg announced in May of 2018 that they had created a cryptocurrency index called The Bloomberg Galaxy Crypto Index. Since Bloomberg only caters to institutional clients, an index of this nature was one of the first steps toward widespread institutional involvement. The index composition changes regularly but we show the graph every month because so many institutional investors follow it. This is the five-year chart for the index: The index started in May 2018 at 1,000, reached a peak in May 2021 of 3,504, and then dropped significantly until June […]
Update on Cryptocurrencies: September 18th, 2022 By, Nolan Loxton Read More »