TWO REASONS WHY BITCOIN WILL BREAK IT'S ALL TIME HIGH

cryptoautonomy (46)in #crypto • 7 years ago (edited)

With the recent market crash, it's crazy to even think that bitcoin will break it's all time high relatively soon. It looks so impossible right now especially that we are down almost 50% from it's all time high. The only way for bitcoin to go up is an influx of new money or new investors joining the market.

How is bitcoin going to break it's all time high?

1. Robin Hood

Right now, tens of thousands, of people are on a waiting list to buy bitcoin on Robinhood. It is being tested in several states where people can easily buy bitcoin using their mobile app. This move allows new investors and new money to come into this space. Robin Hood is a great example of dynamic potential to bring in a new crop of people, that have never thought of investing, to finally jump right in and be part of the bitcoin generation. Robinhood is making it simple, easy, and cheap. Amazing!

2. Circle (backed by Goldman Sachs) buys Poloniex

Circle a company backed by Goldman Sachs is a very good sign that Wall Street is seriously considering owning exchanges. I think that the buyout of Poloniex is a great start for where Wall Street's going to be putting their money and want to actually buy, sell or hold their crypto in an exchange instead of their wallets. This will lead to exchanges being more secure and more trustworthy. I think that's going to be game changer and larger firms are more likely start looking to acquire an exchange of their own. Big institutional money will pour into crypto currency and we will see a new era of investments.

This is not financial advice but my educated opinion. It is very important that you do your own research and due diligence as we are not financial advisors. Always DYOR = Do Your Own Research!

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