By Mozilkree - 06.02.2020
Why did bitcoin spike 2019
Here are 5 theories for the Bitcoin price spike. Theron Mohamed. May. 13, , 18, , in less than three months, Bitcoin's (BTC) price surged by 68% which then turned into buying demand that further led BTC to spike.
Cryptocurrency enthusiasts on Reddit proposed several theories for the sudden rally. They highlighted the US-China trade visit web page, institutional interest, exodus from alt coins, the Bitfinex scandal, and the Binance hack as possible why did bitcoin spike 2019.
Why did bitcoin spike 2019 Bitcoin why did bitcoin spike 2019 live. Analysts have struggled to identify one single catalyst. However, crypto-fans have weighed in with competing theories on why did bitcoin spike 2019 sudden rise, which run the gamut from compelling to wildly far-fetched.
Here are five reasons for the rise, according to Reddit users: 1. Investors may have bought up Bitcoin to hedge their exposure to conventional assets.
Fidelity, one of the world's largest asset managers, will begin buying and selling bitcoin for its institutional customers https://magazin-id.ru/2019/web-mining-bitcoin-legit-2019.html the next few weeks, according to Bloomberg.
Rival institutions could be buying up bitcoin with why did bitcoin spike 2019 expectation that the entry of major players into the market could bolster the cryptocurrency's credibility and drive mainstream purchases, pushing up its price.
Exodus from alt coins "The ICO experiment is over," wrote gonzales82 in a thread about the Bitcoin spikereferring to why did bitcoin spike 2019 recent boom in cryptocurrency launches known as initial coin why did bitcoin spike 2019.
The Bitfinex scandal drove Bitcoin purchases The Bitcoin rally could also be a product of the Bitfinex source.
I think they are having a lot of issues [fulfilling] withdrawal requests," wrote sanderson The fierce backlash to his suggestion may have bolstered Bitcoin's image as a legitimate currency and fueled demand for it.
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