фото показано с : beincrypto.com

In our newest bi-weekly feature, BeInCrypto offers the crypto community a concise news show where they can find the most important and developing stories of the week.

Featuring host Jessica Walker, BeInCrypto breaks down what to look out for this week in the crypto space.

It’s fair to say that 2020 was a good year for Bitcoin. Amidst a global pandemic that caused widespread social, economic, and financial stress, bitcoin held strong and drastically increased in value.

Unlike the previous bull run of 2017 that led to overheated markets, this run has so far been dominated by institutional investors. Hundreds of millions of dollars have poured into the asset class.

Some of the largest companies in the world, firms like MicroStrategy, PayPal, Grayscale, Mass Mutual, and others have doubled or tripled down on their crypto investment.

For example, MicroStrategy invested over $1 billion in bitcoin, holding it as a portion of its treasury assets. Led by one of the newest Bitcoin OGs on the block, Michael Saylor, the firm invested heavily in bitcoin as it was taking off. MicroStrategy has since witnessed massive growth in its stock price.

Morgan Stanley, one of the largest investment banks globally, increased its stake in Microstrategy to 10.9%, highlighting its confidence in the future of the business intelligence firm and its underlying assets.

Many high-profile investors, including billionaire Michael Saylor, are now calling bitcoin the new digital gold. And it seems others agree.

Recently, JP Morgan analysts have stated that the narrative of a better, more efficient form of gold is driving investors away from precious metals and into the hands of the verifiably scare crypto asset.

This outlook is shared among investors large and small as multi-billion dollar companies finally climb aboard along with the average retail investor who spawned this grassroots movement.

If this narrative continues to drive adoption, the crypto market could see an even larger influx of capital arrive from precious metal investors.

BeInCrypto technical analysis has identified some of the factors that led to bitcoin’s epic price increase. But what factors caused its over 15% recent price drop?

Nobody knows for sure, but some institutional speculators likely took money off the table after the largely one-way price action of the last few months.

Since many view bitcoin as a hedge against US dollar inflation, the world’s reserve currency will likely still have some minor periods of strength.

Overall, it’s been a robust quarter for Bitcoin as it continues to attract investors and speculators. As BTC looks to consolidate, all eyes are focused on when it will hit yet another new all-time high.

The post EXCLUSIVE: BiC’s Crypto Video News Show – What Caused the Latest Bitcoin Pullback? appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

282 +