Despite the short -term correction, Bitcoin showed exceptional stability and entered the fair value search phase, analysts of the QCP Capital trading company noted.
In their opinion, the current BTC growth looks more stable than in previous cycles: speculative activity on exchanges decreased, and volatility remains at a moderate level.
After updating the historical maximum, the course was adjusted for a while due to the fixation of the profit, but investors quickly resumed purchases to increase.
The market trend retains bull attitude. This is facilitated by a favorable regulatory policy in the United States and a permanent influx of institutional capital through spotal ETF on bitcoin, which creates structural demand for asset, experts explain.
An additional growth factor may be the planned issue of privileged shares of Strategy (StRF) with a yield of 10% for $ 2.1 billion. The funds from the placement will be sent for additional purchases of BTC, which will increase customer pressure, added by analysts.
The current growth differs from past cycles with increased institutional interest and reduced volatility, which is associated with the integration of cryptocurrencies into traditional financial systems, summarize in QCP Capital.
Earlier, Jurrien Timmer, director for global fidelity macro -stratium, said that bitcoin could gain a foothold as a new tool to maintain cost and protection against inflation – along with gold.
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Source: Cryptocurrency
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