Exciting Times Ahead as Bitcoin’s Next Bull Run Will Include Institutional Investors This Time Around
The next Bitcoin (BTC) bull run could be backed by established and traditional financial institutions around the world.
Last time, when Bitcoin reached $20,000, due to the overwhelming demand, not every single user was able to open an account on specific exchanges. It became very difficult for users to have access to trading platforms and this could repeat in the future.
Bitcoin’s Next Bull Run To Include Institutions
The upcoming bull run is expected to welcome financial institutions. In 2017, the bull market that pushed Bitcoin to almost $20,000 was triggered by retail investors that wanted to be part of the crypto space.
Now, there are several companies that are working on the crypto market and that have invested in digital currencies and blockchain technology. Some of them include Fidelity, the Intercontinental Exchange (ICE), Harvard, Amazon, Starbucks, IBM and Facebook, among others.
Those building & investing in crypto:
– Fairfax County Pension
– Founders Fund
– Union Square
Are you going to bet against the most successful companies & investors in the world?
— Pomp 🌪 (@APompliano) May 22, 2019
At the same time, there are different trending and popular applications that are also being downloaded by a larger number of users around the world. This is the case of the Cash App, that became the number #1 Finance app in the App Store. A few days ago, Coinbase became a top 10 trading app when Bitcoin was surpassing $8,000 for the first time in more than 8 months.
There are many other companies that are investing in digital assets and in the crypto market. The Intercontinental Exchange (ICE) is working in order to release the Bakkt platform that will help larger investors to invest in digital assets. At the same time, Fidelity Investments is also trying to offer solutions to companies that want to have exposure to virtual currencies.
At the same time, as there will be new investors, the demand for the most popular digital asset is expected to grow. That means that with a halving event just going to happen as soon as in 2020.
Bitcoin’s price is $45,088.79 BTC/USD exchange rate today. The real-time BTC market cap of $843.7 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $30.45 Billion and live coin value change of BTC -6.58 in the last 24 hours.