Analysts by K33 Research said that, unlike the last jumps in the first cryptocurrency course, the current cycle is not associated with risks from derivatives, which creates the basis for a long -term growth of the coin.
The growth of bitcoin quotations a few days ago was due to significant demand in the spot market, and not speculations using borrowed funds, experts noted.
According to analysts, the average daily trading volume on centralized crypto -rms increased by 51% to $ 3.9 billion, which is a clear indicator of investors’ interest.
At the same time, the K33 Research drew attention to the fact that they are not waiting for sharp fluctuations and a significant fall in the Bitcoin course in May, which is considered to be weak in pricing dynamics of the month.
Due to the combination of high demand in the market, a balanced situation in derivatives and a favorable geopolitical background, the first cryptocurrency in the summer can demonstrate new historical maximums, experts summed up.
Earlier, the founder of Skybridge Capital Anthony Scaramucci said that Bitcoin is in the transformation process, turning from a technological object of speculative investment into a mature international asset comparable to gold.
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Source: Cryptocurrency
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