Bitcoin continues to inspire in investors ‘ hope of the imminent Bollene. Today’s break above $ 8000 could signal a new uptrend. Some analysts believe that the next wave of growth will be the largest in the history of cryptocurrency. This writes Bitcoinist.
The rapid growth of Bitcoin
You have already opened long? Mati Greenspan sure did. Senior analyst eToro shared their exciting Outlook on Twitter this morning.
We may be on the verge of the largest bullrun in the history of Bitcoin.
We might just be on the cusp of the largest bitcoin bull run in history.
— Mati Greenspan (@MatiGreenspan) July 23, 2018
At this point a cryptocurrency takes a lot of signals to grow. Bitcoin has broken some important resistance levels, and trading volume has almost doubled over the past few days.
It is worth noting that bullish sentiment many analysts backed by real news. Bitcoin attracts more and more attention from institutional investors. Analyst at Capco Romal Diamond said that banks and major financial bodies are starting to define their position relative to the crypt.
BlackRock can really change all the rules of the game in the stock market. People should remember that the total capitalization of the stock market is only one percent of the daily trading volume on the Forex. Any signs of the entrance of big players create big waves. We have now reached a new phase of industry development, an important role which will play to the institutional investors.
However, do not expect that the market will grow in one day. Before major funds are still full of obstacles that must be overcome.
Now, institutional investors hold two things — the lack of normal regulation of industry and the high risks of theft of the crypts. The latter may attract a lot of insurers that focus on large customers.
Barry Silbert, too, believe in a new uptrend of Bitcoin. The analyst recently shared his thoughts on the event Delivering Alpha Conference in new York.
Cryptocurrency will exist as an asset. I am 100 percent sure that a decentralized alternative to Fiat will take an important place in the future of the global financial system.
Silbert is confident that Bitcoin will no longer fall this year. It looks like now is the best time to invest in cryptocurrency.
Agree? Let’s discuss what is happening in our cryptodata. There all cool, come on in.
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