Cryptocurrency trading platforms report a spike in activity from self-managed superannuation funds and rich wholesale investors even as the value of global digital assets tanked by $US1 trillion ($1.4 trillion).
Micro-investing app Bamboo has detected a 17 per cent spike in sign-ups from SMSF trustees in the past month. The app allows investors to deploy small amounts of capital to bitcoin and ether, the world’s two largest cryptocurrencies by market capitalisation.
More here – Australian Financial Review
PS: A sure sign it’s rooted 😉