Bitcoin (BTC) has seen one of the longest volatility in recent history with a tight-defined trading pattern over the past 2 months. However, several experts have expressed their views on the money. So what will trigger the next bull rush? Here are the expert and analyst opinions…
Here are the expert and analyst views on bull running…
Garrett Keirns: “interest can trigger the next bull rush.”
Garrett Keirns, a crypto money analyst, says We need a catalyst for “Spark of interest.” The analyst attributed it to Bitcoin’s Google Trends search volume. The volume of the search period, the lowest rate since the beginning of this year. Keirns says::
People are afraid of losing money, especially the Coinbase retail community that has bought 10,000 and over. In addition to a collapsing crypto market, these people began to lose their equity portfolios.
However, since investors saw this sector as a “more risky asset class”, the money did not flow into the crypto money market. Digital currency analyst Marius Rupsys stated to Forbes that in November and December 2017, nearly 2/3 of all fiat money came to the crypto currency market. Mining resulted in close to $ 20,000. This led to fears of loss to retail investors in the market.
Corporate investors can be triggered according to Nigel Green
Nigel Green, founder and CEO of Deverel Group, a financial consulting firm, says corporate investors are taking action to “investigate digital assets.” Nigel Green says::
They now feel they need to explore digital currencies. Because their opponents can come forward and they can’t catch up with them.
Oliver Isaacs: “approval of a Bitcoin ETF will allow billions of dollars to be deposited into the crypto.
Blockchain investor, adviser and researcher Oliver Isaacs says that the approval of a fund (ETF) traded on the stock market by the United States Securities and Exchange Commission could enable BitCo to be more widely adopted. He considers this as an increase in gold prices after ETF’s approval.
When the first ETF was published in March 2003, it recorded a 300% increase after the price of gold. If this occurs with bitcoin, the crypto money could be worth about 22.500 dollars. Isaacs says::
Approval of a Bitcoin ETF will allow for billions of dollars to be deposited into the crypto for new investors.