After the great euphoria surrounding Bitcoin in the year 2017, and the pain of the Crypto stick-Winter 2018, many ask, when will it come back to a comparable Bullrun. A new bullish Phase will come about that most of the experts are in relative agreement to the Potential that BTC can play in the global financial system. But what should trigger the next Bullrun a la 2017?A massive increase in the Bitcoin price would be triggered by 2 factors: less supply and increased demand. For the Former, at the beginning of next week for the Bitcoin Halving, the halving of the inflation rate and the Stock-to-Flow value is doubled. But that alone will not make for a Bullrun. There is also a need of increased demand by existing and new investors. During the Bitcoin Bullrun 2017 was mainly driven by private investors, could give rise to the next by the “big money” from institutional investors. According to the testimony of billionaire Mike Novogratz of the train on the institutionalization of current travel. Many hedge funds invest right now in BTC.
Buy Bitcoin hedge Fund get
The billionaire Mike Novogratz may be the most in the Crypto area is already well-known. The former Goldman Sachs employee and current CEO of Galaxy Digital is in addition to figures such as Tim Draper, one of the most prominent personalities who have been outed as Bitcoin Fans. Novogratz is the long term for BTC is clearly bullish.In a new Interview with CNBC, he chats some Insights. He currently sees many institutional investors in the Form of hedge funds in the Bitcoin Space to come. After a long lean period, the activity will rise again:
We see a lot of new investors in this area. Hedge funds, which buy it, not only the individual Manager. You can buy it in your Fund. I think you will soon see some announcements or letters from investors. And, thus, all positive things in relation to the river in this area.After a long day of desert, we now have really a genuine activity.
What hedge funds are and how much is this in Bitcoin invested, retains Novogratz for. Especially in the Wake of the economic measures against the effects of Coronavirus, the billionaire has expressed in recent weeks its concern. According to him, “do not grow money on trees”, but that is exactly what is suggested by the FED and other Central banks. He sees a Trend to hard Assets like Gold or Bitcoin.Trade on the worlds leading Social Trading platform!Join the millions of people who have already discovered how it smarter to invest by copying the best investors in our Community, or be copied and as a result, a second income can be achieved. Start now!
Has seen the Bitcoin price will be low for the year already?
In an Interview with CNBC’s Mike Novogratz is also what is Happening on the stock market. In his opinion we have seen the worst already. Since the FED decided to do this, everything has company against a collapse in the financial markets, he thinks that it will not come to new year lows:
I think we have seen the lows of the year. I just don’t think there is a good story for why things will shoot.
But why is this relevant to Bitcoin? Just since the Crash in mid-may, has been increased, the correlation between Bitcoin and the stock markets, as the S&P 500 strong. The fear is that a re-collapse of the traditional markets could crack, therefore, also the Bitcoin a second Time in depth. Novogratz should keep with its forecast right, it would be in the short and in the medium term, a positive sign for the Bitcoin exchange rate!In addition, there are now only a few days until the Bitcoin Halving. Many predict that by doubling the Stock-to-Flow value in the long term, a massive price increase. You should be so convinced of your own in-depth Research of BTC, or trading want to invest, then, is one of the most important points to look for the right Broker or the right Exchange for it. According to our own Tests of the last years, we can invest to you, therefore, eToro is the platform. See for you self!
Would you like to place you in Bitcoin to market in time?
On the award-winning and award-winning platform from eToro you can do this! In particular, for beginners, the platform provides one of the best User experiences in the world. In addition, you can not only rising but also falling share prices!Just try it out and get in, instead of just reading!75 % of private CFD accounts lose money. No EU investor protection.[Image source: Shutterstock]The versions in this article, no trade recommendations or investment advice.