Today, Bitcoin is trading above USD 12,000. More and more high-profile investor’s believe that the next Bitcoin bull run might be much different. Why? Because they believe that this time, there is
1. substantially more capital,
2. a better infrastructure,
3. a high amount of high-quality projects
around.
Currently, there is a significant increase in the amount of capital held by investors in the cryptocurrency market. Major cryptocurrency exchanges have also received more regulatory clarity, improving the infrastructure of the market.
Better projects, increased capital, and improving infrastructure are resulting in high confidence levels among Bitcoin investors and this is raising sentiment across the entire sector. In the medium-term, high-profile investors are hopeful Bitcoin would reflect these factors.
Sven Franssen