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Tuesday

24 November 2020

BlackRock exec says Bitcoin is here to stay as BTC blasts past $18.8k | CryptoSlate

BlackRock exec says Bitcoin is here to stay as BTC blasts past $18.8k | CryptoSlate


smart summary beta

The price of Bitcoin is increasing rapidly as each major dip gets accumulated with large buyer demand.

First, the exploding volume of the CME Bitcoin futures market and the rising assets under management of Grayscale show institutional demand is high.

Atop the continuous inflow of sidelined and new institutional capital into Bitcoin, the sentiment around BTC is only increasing.

The market cap of Bitcoin is less than 4% of gold, in spite of the recent rally

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