There is no way you can say Wall Street is not piling into bitcoin the last two days.

The move from roughly $11,250 to $15,800 (see chart below) cannot be attributed to buy and hold crypto enthusiasts buying an additional 0.0002 bitcoin. The pros on the street will trade anything on any market if they can see a profit.

While volatility is the bane of most people looking at cryptos, it’s the mother’s milk for Wall Street with traders ability to get in-and-out-and-in to generate profits.

Wednesday’s trading during trading hours in the US saw a $2,900 move to the upside with almost $1,000 pullback in the mix, illustrates the churn traders look for. Bid it up, sell it off and buy in on the dip.

With a $250 billion market cap bitcoin now bitcoin has the liquidity that pros look for despite the quotes you will see from CEOs.

Haggard hedge funds are more than likely the bigger players jumping in as they attempt to push up their meager returns for the year. Most funds have returns for 2017 that are not even beating the S&P 500 returns.

So, I have to believe these funds will be “window-dressing” their books with bitcoin returns for the rest of the year. Meaning you will see the Alt-Investments line on their quarterly and annual return letters as that line will be responsible for their best returns for 2017.

They won’t admit to crypto involvement for fear of investors pulling out because these investors do not want to pay 2%-and 20% for a fund holding a digital wallet.

Here are the historical price jumps:

Milestone Date Bitcoin High Days $1,000 11/28/2013 $1,106.54 1,230 $2,000 5/20/2017 $2,061.88 1,269 $3,000 6/11/2017 $3,025.47 22 $4,000 8/12/2017 $4,009.89 62 $5,000 9/2/2017 $5,013.91 21 $6,000 10/20/2017 $6,064.14 48 $7,000 11/2/2017 $7,355.35 13 $8,000 11/19/2017 $8,101.91 17 $9,000 $10,000 $11,000 $12,000 $13,000 $14,000 $15,000 11/26/2017 11/28/17 11/29/17 12/6/17 12/6/17 12/6/17 12/7/17 $9,484.91 10,831.05 11,040.20 12,795.20 13,017.96 14,881.26 $15,818.23 7 2 1 6 0.4 0.4 0.3