Bitcoin 2019 Rise Is Due to Institutional Investors Says Report

There were suspicions all year that institutional investors were the ones responsible for Bitcoin’s impressive rise this year. Now, CoinShares sheds some light on this theory and seems to confirm it. The document looks at market trends from January through June 2019. What they found is that four significant characteristics of the current bull rally that differ from 2017: no increase in Bitcoin-related Google searches, no altcoin rally, little media attention, and no increase in Bitcoin-related tweets. These realities would make one think that retail investors simply are not interested in the world’s first cryptocurrency just yet, and CoinShares suggests that this is true. Just consider that major players like Fidelity, Microsoft, Intercontinental Exchange, Facebook, and others are openly jumping into cryptocurrencies head-first. The report also confirms that Libra will prove to be a “watershed moment” in the history of cryptocurrencies, leading to it potentially becoming a household name. In short, the current Bitcoin rally is being led by major players in the financial world—and this would seem to indicate that there is still much upside once retail investors take notice as they did in 2017. Buy Bitcoin safely and easily on our partner exchange, Paxful. Other positive factors listed in the report include rising trading volume in USD, historical annual returns still matching the years-long trendline, volatility slowly decreasing on an annual basis, and Bitcoin’s ability to continually outperform traditional financial assets. Moreover, the network is as secure as its ever been, with Bitcoin’s hash rate hitting new all-time highs. Overall, there is much room to be optimistic given that Bitcoin’s fundamentals seem to be stronger than ever. Do you believe Bitcoin’s rally in 2019 is largely fueled by institutional investors? Let us know your thoughts in the comments down below.  If you are interested in margin trading cryptocurrencies with a multiplier of up to 100x on our new partner exchange with the lowest fees, follow this link to get a free StormGain account!