Crypto Chatterbox Heats Up as Bitcoin is a Hot Topic Today, Especially Investors, Companies Outside of the Industry
Bitcoin started as a solution, but the substantial rise to the $20,000 price point in December 2017 left the rest of the traditional finance world with plenty to gripe about.
Ever since that milestone, the traders, mainstream media, and investors have had plenty of time to call the success a bubble and say that the losses sustained after are reason enough to believe that that the crypto asset will soon die out. There have been some individuals that have just written off the cryptocurrency entirely, and the hype that once surrounded crypto and blockchain is no longer.
However, a new spark seems to have created new interest. Last night, Bitcoin was the subject of a major rally, and everyone is talking about it. The price alone, along with the increase that the token has seen since, has giving new interest that may continue to push up the price as more investors get involved.
Mainstream media is having a major impact on these discussions. Headlines in both the crypto and traditional world of finance have made a difference. Back when Bitcoin started the bear market, the media was brutal, especially for the opponents of Bitcoin.
However, there is no ignoring the way that Bitcoin obliterated some crucial resistance levels, and this good news could be what the market needs the most.
Everybody outside crypto is talking about bitcoin today.
From banks to funds to family offices to brokers.
— Alex Krüger (@krugermacro) April 2, 2019
Anyone that wants to do a fast search on Google verifies Alex Kruger’s tweet, showing that everyone from the New York Times to Wall Street Journal to Bloomberg is talking about the price changes in Bitcoin. Tech websites are chiming in as well, like Gizmodo, speaking on the rally above the $4,800 mark, only to be followed by Twitter and other social media platforms.
With these headlines, investors and traders have no choice but to take notice, stirring up their own conversations. This same group of people saw Bitcoin’s rise to $20,000 and subsequent drop, so the fact that it can break such significant resistance levels is a sign that a new bull run could be happening relatively soon.
Bitcoin is expected to keep rising, especially as faith is slowly restored amongst the investors that previously pulled out when the bear market started. With more interest, it is even possible that Bitcoin will see new highs that it has not seen before. Just give it some time.