Adding Cardano to its list of supported assets, Bloomberg Terminal is exposing it to thousands of institutional investors. The move will most likely bring the extreme bull for Cardano. 

Having an action-packed year before, it appears that the popularity of Cardano soars significantly in the coming months. Interest from major investors, both from the traditional finance and crypto industry is one of the major reasons behind the surge.

Cardano (ADA) Catches Eyes of Investors When Listed through Bloomberg Terminal

The rising interest becomes noticeable following the latest addition of Cardano to the Bloomberg Terminal. Bloomberg Terminal is a product to access, analyze, and compile financial information. The Terminal is moderate to the biggest and influential player in the finance industry. 

The addition of ADA to the list of supported assets was presented in front of institutional investors. It is seen as a huge step towards positioning the network’s place in the market by the Cardano community. 

Bullish Case For ADA 

Media outlets have highlighted both advancements made by the protocol and criticism received from the industry experts, as soon as Cardano was added to the terminal. However, Cardano’s loyal following is maintaining its upward momentum. But resistance is towards major corrections that have plagued both crypto and traditional markets in the previous months. 

Bloomberg pointed that the hype around Cardano is vague and the blockchain is yet to enable it to run smart contracts in the upcoming updates. Charles Hoskinson, CEO of IOHK said:

“The reason why Cardano will be the last major blockchain platform, to get to the market is that the company took its time to – do it right,” he further added that “my goal is to run countries on this blockchain.” “ I don’t care about Uniswap and CryptoKitties and other things. It’s a bibble, and it comes and it goes, like Pet Rocks and Beanie Babies.”