Retail Investors Are Rapidly Accumulating Bitcoin, Boosting Long-Term Outlook

When Bitcoin crashed to $3,700 this March, many were no doubt scared to invest. After all, when the crash transpired, there were traders — and prominent traders at that — seriously expecting the cryptocurrency to fall off a price cliff. Long-time commodities trader and Bitcoin investor Peter Brandt, for instance, wrote on the day of the crash: “If I interpret the chart without bias, I would say sub $1,000” Yet data has shown that since […]

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Author: toutiao