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26 November 2020

Chainalysis: Institutional Money, Massive Demand, Fueling Bitcoin Price  | BTCMANAGER

Chainalysis: Institutional Money, Massive Demand, Fueling Bitcoin Price  | BTCMANAGER


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Chainalysis has released a fresh research report on November 20, 2020, detailing the possible reasons behind the current bitcoin (BTC) bull run and why this year’s price surge is quite different and more significant than that of 2017.

In the latest development, Chainalysis, a leading blockchain analytics firm providing critical crypto-focused data to governments, exchanges and financial institutions, has released aresearch reportthat tries to explain the reason behind the current bull market and why it is much different from that of 2017 when the price of bitcoin (BTC) hit 20k for the first time in its history.

Interestingly, the report also notes that one of the key differences between this bull market and that of 2017 is thatinstitutional investorsare leading the charge this time, unlike the last time when FOMO made various inexperienced retail investors buy bitcoin with their personal funds.

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