Signal Seen at $ 500 Bitcoin Re-Appeared

Long-term Bitcoin holders have been growing rapidly since October 2019.

The investors started the journey from $ 500 to $ 20,000 when the latest Bitcoins were in their hands.

It seems that investors are not investing with the intention to sell in the near term to Bitcoin. Alistair Milne, the chief investment officer of the Altana Digital Currency Fund, who shares his views on the subject, has been on the way to making new summits for more than 12 months, and that the current levels have not been seen since 2015-16, when the price was around $ 200 to $ 500. He expressed.

The chart below shows the amount of Bitcoin held for more than 1 year and the price over time.

There are two reasons why an increasing number of investors are optimistic about Bitcoin’s long-term future.

These are stated as the third block prize halfway last month and the improvement of the mainstream perception of cryptocurrencies.

As it is known, on May 11, 2020, the third block award halfway took place in the Bitcoin blockchain.

Historically, the halves have been associated with record increases in Bitcoin’s price.

On the other hand, Bitcoin and cryptocurrencies find more places in the mainstream than ever before.

It seems that those who are skeptical of Bitcoin are beginning to change their mouths.

2020 is a year when corporations are more interested in Bitcoin than individuals.

As a matter of fact, a recent Fidelity study revealed that 80 percent of institutional investors are interested in Bitcoin and cryptocurrencies.

Source: regardnews.com

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