The displacement of institutional Bitcoin adoption is going to overflow into every other asset just like it always does.

Here is what is different about this cycle: the exchanges Hive is on.

Bittrex and Poloniex have closed down. Americans and Brits are banned from using Binance. And the Korean govt tightened rules on exchanges (they have to evaluate listed coins every quarter and start delisting coins deemed to be scammy or risky). The new Korean rules are the reason Hive tumbled from 30 cents in July - Koreans panic sold as wild rumours went around about which coins would be delisted.

When bitcoin pumps to $100k, all the alts listed on Coinbase and Kraken will pump. But nobody American is going to open an account on obscure minor exchanges just to buy Hive. Losing Bittrex and Poloniex was a big blow because it cut Hive off from Western money.

The solution is to get Hive listed on Coinbase or Kraken asap...