Institutional investors are beginning to take more interest in Ethereum. This is very similar to the way they adopted Bitcoin enmasse in 2020.
The number of holders with at least 1,000 BTC in their portfolios or crypto wallets has increased by 11% this month according to Glassnode.
Bitcoin outpaced other digital assets as it saw 97% of the total inflows, notwithstanding the fact that it dominates the Assets Under Management (AUM) by 83%.
The Bank of Singapore said that crypto has all the technological prowess to be used as digital money. However, it has to address issues of extreme volatility and bring more legitimacy with institutional participation.
Whatever option for a Bitcoin wallet you choose, keep in mind its ease of use and security. Software wallets are prone to hacking attacks, and physical wallets are best used for long-term storage and one-off transactions.
While some altcoins have gained in Ethereum’s slipstream, others are plotting their own course while seeking to topple the front-runner itself.
As per the model and based on historical chart patterns, Bitcoin (BTC) is likely to hit $100K levels in the next few months. Bitcoin is all set for an escalated price surge of over 200% from the current levels.
Chainlink has emerged as the best performing crypto over the last week with its price moving past $25 over the last weekend. Also, the massive surge in DEX activity has led to a rally in the DeFi market with the total value locked going past $26.5 billion.
As digital currencies begin to gain more recognition in the global financial market, the WEF is focusing more on blockchain technology and the crypto space at large.
Though Ethereum alone bears the glory with this current milestone, many factors work synergistically to help the coin attain the record ATH.
Bitcoin-based ETF may see the light of the day under the new Biden’s administration with Elad Roisman who will be the head of the SEC.
Today, the most reliable options are hybrid services like BitcoLoan, which provide users’ finances with a reliable platform to work with.
Bitcoin, along with other crypto assets, is said to have the best possible tax treatment for long-term investors.
Whether we want it or not we have to expect the market to expand because the cryptocurrency method is very promising for operators as well.
The surge in Bitcoin price over the past months has triggered Wall Street analysts to increase their price target. At the beginning of the year, JPMorgan analyst Nikolaos Panigirtzoglou said BTC could reach $146,000.