Now why should you take any of these reasons seriously? Before you read this list, you may want to review this article I wrote in Feb 2019. The headline was, “10 Reasons Bitcoin Will Party Like 2017 for a Massive Bull Run in 2019,” and in it I correctly predicted the 2019 bitcoin bull market. Continue reading 4 Reasons Why Bitcoin Was Just Warming Up in the 2010s
Tag Archives: Why
Traders Explain Why You Should Be Long-Term Bullish on Bitcoin
Bitcoin’s price has corrected by as much as 53% from the 2019 high of $13,880. Investor sentiment has turned extremely bearish. A few weeks ago, the idea of bitcoin trading at $5,000 was unthinkable. Today, many are calling for $5,000 to be the bottom of this downtrend. Continue reading Traders Explain Why You Should Be Long-Term Bullish on Bitcoin
Grayscale Reveals Blockbuster Q3. So Why Is Bitcoin Stuck?
Times are good at Grayscale Investments, which has had the wind at its back lately. The digital asset investment firm just experienced its best quarter ever, as evidenced by a record-setting $254.9 million flowing into its funds in Q3 2019, which is about three times as much as Q2 results of roughly $85 million. Much of the funds are being directed toward bitcoin via the Grayscale Bitcoin Trust, with more than $170 million flooding the flagship fund and setting yet another record for the firm. Grayscale’s trend of attracting institutional capital from the likes of hedge funds persisted, with more than three-quarters of inflows originating from this group. Continue reading Grayscale Reveals Blockbuster Q3. So Why Is Bitcoin Stuck?