Experts Warned For Next Bitcoin Rally
An announcement about Bitcoin, which reached a record price in 2017, came. Experts warned for the next Bitcoin rally. Experts reported that the rise of BTC this time, which strengthened its ground by 2020, will be very different.
Cameron Winklevoss, founder of cryptocurrency exchange Gemini, made a cryptocurrency statement. Winklevoss claimed that the next Bitcoin rally would be very different.
Billionaire founder stated that there is more capital, infrastructure and better projects today compared to the previous ascension processes.
Winklevoss continued his statements as follows:
“Bitcoin’s next bull market will be significantly different. Today there are more capital, human capital, infrastructure and high-quality projects compared to 2017. We are not even talking about the future inflation of all fiat monetary policies. Fasten your belts!”
According to the various data sources announced, there is a significant increase in the amount of capital held by investors in the cryptocurrency market. However, major cryptocurrency exchanges have improved and improved the infrastructure of the market, becoming more regulatory.
Investors Flows Their Capitals to the Bitcoin Market
Investors are pouring their capital into the Bitcoin market. The two data released point out that more money could be allocated, especially to the increase in BTC price. The first of these data is that the market value of Tether (USDT) exceeds $ 10 billion. The second data was recorded as the assets (AUM) managed by Grayscale Investments signing a new record.
Investors invest in relying on stablecoins in the trading of crypto assets, especially in countries with regulatory uncertainty. The rapid rise in Tether’s total market value strengthens the possibility of more money being poured into crypto exchanges.
On the other hand, digital assets under Grayscale’s record rose to an all-time record level of about $ 5.1 billion.
Commenting on the subject, Grayscale CEO Barry Silbert said:
“Everyone thought that we were crazy because we started Bitcoin mutual funds in 2013. Now let us look at us again …”