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Market Cap:
24h Vol:
Cryptocurrencies: 23066
Bitcoin Bitcoin Share: 56.69%
Markets: 93767
Seeking Alpha
2022-01-07 19:16:27

Institutional Interest Can Elevate Bitcoin Beyond Its Cycles

Institutional Interest Can Elevate Bitcoin Beyond Its Cycles

Bitcoin's downturn was fuelled by fresh fears regarding Chinese regulation - causing a slump that Bitcoin has struggled to shake off.Bitcoin is no stranger to market crashes, and Q2 of 2021 saw a severe market pullback wipe more than 50% off the value of BTC.This heavy inflow of investment over the past two years has caused the cryptocurrency market to be 10 times more resilient.Should trends continue, we’re at the beginning of a mass drive towards institutional acceptance of Bitcoin, which will drive further adoption.

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