It has been a common theme around the web that the recent resurgence of Bitcoin interest is mainly driven by institutional investors finally joining the fintech revolution.
However, the CEO of one of the most well respected crypto exchanges in the world, Changpeng CZ Zhao, believes that Bitcoin’s move to $10,000 and beyond is mainly caused by retail investors and not your average institutional player.
While this is a combination of retail and institutional investment a majority of the investments came from retail investors, accounting to around to 60% of all trading volume which is about the same percentage as it was last year.
But given the platform’s success and reputation, figures of what he said might not be far from the truth as trading volumes and price spikes does not really equate for real institutional money going into the space.
Headlines for the world of Cryptocurrencies - July 14, 2019
- Justin Wants To Invite President Trump For Lunch With Warren Buffet
- Blockchain-Powered Waste Management Launched In Italy
- No VAT For Cryptocurrency In Georgia
- Japan Looks Closely Into Facebook’s Libra
- Crackdown On Mining Operations In China Might Be Good For BTC prices
Headlines for the world of Cryptocurrencies - July 13, 2019
- Iran Becoming The Bastion For Cryptocurrency Miners
- Coinbase Whales Buying Up BTC After $1500 Dump
- Binance’s $2.5 Billion BNB Token Burn
- State Of Brazil Releases Blockchain-Enhanced Government Bidding Platform
- Crypto Now VAT-FREE IN Georgia
Headlines for the world of Cryptocurrencies - July 12, 2019
- PwC Reports Token Sales In Q1 Raised $3.3 Billion
- Crypto Too Disruptive To Ignore
- Binance Suggest Merge Mining To Mitigate Halving Shocks
- First Consumer-Facing Blockchain Token Approved By SEC
- Another Bitcoin Derivatives Soon To Hit The U.S.
