Matrixport head of research Markus Thielen told CoinDeskTV viewers that his staff is seeing a lot of “potential buying pressure for BTC,” especially from investors interested in a spot exchange-traded fund offering.
Against this backdrop, Bitcoin’s dominance of the overall digital asset market has risen to 50.2%, the highest in a month and close to the 26-month high of 52% reached at the end of June.
According to Markus Thielen, the driver for the growth of Bitcoin dominance was the filing of an application by BlackRock to create a spot BTC exchange-traded fund. On the afternoon of September 19, the market value of the first cryptocurrency by capitalization showed growth, and the price exceeded $27,000.
Previously, PayPal co-founder and Lightspark CEO David Marcus does not believe that Bitcoin will become a popular method of paying for purchases.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
