Institutional investors are flocking to Bitcoin.
In 2017, Bitcoin had its best year ever, with the price of a single coin soaring from just over $1,000 to more than $19,000. That incredible run caught the attention of institutional investors, who began buying up the digital currency in large quantities.
Bitcoin’s popularity with institutional investors is due to a number of factors. First, Bitcoin is seen as a hedge against inflation.
central banks around the world are printing money at an unprecedented rate, and many believe this will eventually lead to higher prices for goods and services.
Second, institutional investors are attracted to Bitcoin’s high liquidity. It’s easy to buy and sell Bitcoin, and there are always buyers and sellers willing to trade.
This makes it an ideal asset for large investors who need to buy or sell large quantities of currency quickly.
Third, institutional investors are attracted to Bitcoin’s potential for growth. While the price of Bitcoin has been volatile in recent years, it has shown incredible growth potential over the long term.
Many believe that Bitcoin will eventually become the global reserve currency, and that its price could potentially reach millions of dollars per coin.
Institutional investors play a vital role in the cryptocurrency market. Their investment brings much-needed stability and liquidity to the market, and their belief in Bitcoin’s long-term potential helps drive up the price of the currency.