The PWC leader, Henri Arslanian, explained the facts about the strength of bitcoin. He said that institutional investors continued to enter the market.
According to Arslanian, there are two reasons for the increase in bitcoin prices, one of which is of course because institutional players are starting to enter and flood the digital money industry.
One example is the Wall Street billionaires being the reason why the price of Bitcoin went up last year. The influx of people is said to give confidence to other investors who were previously skeptical.
The names of financial giants like PayPal and Fidelity also attract Bitcoin. Both are known to have engaged in cryptocurrency.
The Positive Bitcoin Trend will Continue
According to him, this positive trend will continue in the next few months. He said there are a number of instruments that make these investors want to play bitcoin.
“But there are also regulators. This didn’t exist until a few years ago,” he said, as quoted by CNBC International, Monday (4/1/2021).
Another reason for Bitcoin’s rise comes from real investors. According to him, they are afraid of falling behind this trend and this will further transmit the optimism of digital currencies in the future.
“With those two elements, a lot of momentum is going on. There’s a lot of optimism in the crypto market too,” said Arslanian.
For information, the strength of Bitcoin is increasingly visible today, with the Coindesk report mentioning its selling value of US $ 32,668.93. That number rose only two days from last Saturday, namely US $ 30 thousand.
The achievements in this new year are also quite significant compared to last year. It was recorded that the increase on Saturday reached 300% compared to 2020.
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