Monday, May 8, 2017

Bitcoin Price Surge Due to Rise in Institutional Investors: CNBC Analyst

Bitcoin Price Surge Due to Rise in Institutional Investors: CNBC Analyst

CNBC Analyst and Capital founder Brian Kelly attributed the recent surge of Bitcoin price to the rising demand of institution investors toward Bitcoin.

An increasing number of investors and traders have begun to recognize Bitcoin as a long-term investment, store of value and settlement network, rather than as a short-term investment or “hot money,” as Kelly described.

In particular, the Japanese Bitcoin exchange market and industry have matured significantly over the past few months, to the point in which the country’s largest financial institutions and corporations have started to launch digital currency exchanges and trading platforms.

SBI Group the $3 bln financial conglomerate based in Tokyo, recently established SBI Virtual Currencies, to create a secure and efficient ecosystem for investors looking to trade Bitcoin for the Japanese yen. Another multi-billion dollar Internet company in GMO Internet has also announced its plans to launch a Bitcoin exchange within this year.

Full story at http://bit.ly/2p9Bvpx

Tweet This Story

 

 

 

Donation:
If you appreciate the things I share,
consider making a contribution no matter
how small via PayPal. If you use Bitcoin you can
send donations to my Bitcoin Wallet:
12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.