Crypto

”Bitcoin rally attracted the attention of institutional investors.“


Meltem Demirörs of Coin Share, spoke to CNBC and explained how Bitcoin thinks about the sudden rise in price and how corporate / retail investors react to it.

Bitcoin may be affected by trade wars [19659003] Meltem Demirors stated in Article 3 that there might be an indirect relationship between trade wars and questions about global growth; He also added that Bitcoin's last rally might be an important factor and continued as follows:

There are three main themes; first, there is too much global macro unrest, too much volatility in the market. Time has changed, the end of 2018 was difficult in the capital market, and now we see a lot of volatility in technical stocks. The emergence of new privacy regulations, Facebook's potential collapse and Apple's anti-trust accusations, he said. Demirors identified the tekn technology stock tekn performance as the third theme and added:

We saw the IPO of a number of technologies that did not do what investors expect. For this reason, Bitcoin, a new asset class, is really remarkable for the idea of ​​connecting with old finance, for innovation and for class investors looking for high growth.

In addition, Demirors expressed his opinion about the price of Bitcoin and whether it will rise in the near future.

Demirors reported an increase in the volume of Bitcoin purchases which is the main way retail investors can access Bitcoin Bitcoin said.

Ambcrypto

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