Institutional investment in Bitcoin skyrockets in 2020
Despite the fact that the price of the world’s most valuable crypto is up over 220% this year, the current bull run we’re living through is unlike the Bitcoin mania we saw back in 2017. Here are four key reasons for this:
- Institutional investment in the space is at an all-time high.
- There is little to no mainstream media attention catapulting the price this time.
- Central banks and governments are starting to see what is happening.
- Retail investors in emerging markets are investing in what they hope is the next big thing.
These four reasons aren’t just relevant now; they will all continue to play a role in the future growth of Bitcoin.
Bitcoin doesn’t live in a bubble anymore, and soon, the traditional financial world is the only thing that’s going to burst.