According to the analyst, by the end of the year, bitcoin and ether can demonstrate new historical maximums, given the growing interest from large companies.
“The institutional acceptance of the broadcast is gaining momentum. Only last week, the amount of asset in the portfolios increased by 250,000 coins – from 6.5 million to 6.74 million. But even more noteworthy, companies like Bitmine and Sharplink Gaming in aggregate increased volumes by 330,000 ETH – by 33% more than exchange funds for the same period. ”
The share of funds accumulating the air already accounts for almost 4% of the total supply of the coin, and the indicator approaches 5.5%. Short -term cryptocurrency volatility decreases – from 75% to 63%. This suggests that investors involve steady growth, the expert noted.
The resumption of the bull trend of the first cryptocurrency will most likely begin after the US Federal Reserve (Fed) will decide to reduce the interest rate in September, summarized Forster.
Earlier, the General Director of Bitcoin Bond Company, the curator of the Catholicbitcoin project and the leading podcast Bitcoin for Corporations, Pierre Rochard said that the air did not have a single chance to get around the capitalization of Bitcoin.
Source: Bits
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