Have you been paying attention to the cryptocurrency markets? Then you might have noticed an ongoing and seemingly strong growth trend for the value of cryptocurrencies and especially, for the value of Bitcoin. The market has been growing bullish over the past few days and weeks, and it seems like the reasons for this are many. Some report that the reason might be the large purchase order that was introduced on the market several months ago, while others talk about how this could be the result of the increasing interest coming from institutional investors.
The first time around that Bitcoin went through its massive growth in value is the time when the first large scale investors got interested in it as a useful tool for trading and as a good potential investment. Since the time they missed out on the first massive value increase, these large scale investors, venture capitals and institutional investors have been keeping an eye on the cryptocurrency, waiting for any indication or prediction as to the growth of value and a bullish market. And now that Bitcoin is getting bullish again, it is a good confirmation for most of these investors that Bitcoin is indeed a worthy investment opportunity. But while there are those who might be late to start investing, some theorize that there are already those who have managed to invest and make a huge profit off of the market.
The second boom (which is happening right as we speak) will be the decisive factor for many institutions, deciding whether to invest in the cryptocurrency or not. And looking at the way how many institutional investors were already looking on Bitcoin very favourably, we might soon be seeing a rush of investment into the currency. After all, when one large scale institution goes in, the others follow so that they do not end up missing out on the financial asset profits. The markets are known for this — invest early, sell early. So while we might be seeing a temporary stall in the value of BTC in the near future, there will be those that are going to be investing again and again.
About the author:
Konstantin has been in marketing and advertising since 2011. After leading marketing efforts of one of the largest financial brokerages and an innovative b2b fintech company, he decided to go solo and is now focusing on consulting financial companies on how to drive the best results from their digital marketing efforts. Next to this, Konstantin has been showing interest in the recent regulation of the most competitive industries – finance and iGaming. Stalk him on Quora or connect via LinkedIn to learn more.
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