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Investors are going for Bitcoin sweet spot causing uptrend; research report claims

Bitcoin greyscale report results

The crypto market has been displaying optimistic gestures since the hottest Bull Run which increased the price and market capital of Bitcoin (BTC) and other coins. According to a recent data survey by Grayscale, the total Assets under Management (AUM) was more than one billion dollars ($1.2 B) a little more than Coinbase.

The institute demanded that there had been forty-two percent (42%) upward trend in product influxes every quarter.

The report further stated that the hedge funds increased their investments considerably, from one million dollars ($1M) to twenty-four million dollars ($24 M) in a few months.

The report also signals towards BTC’s reputation in the investment dominion; by analyzing the king coin’s newly found sweet spot. As stated by the research, the crypto market is on the threshold of accepting a risk-on mentality where investors will enter into BTC and other digital assets.

The up-trend of BTC was also stimulated by the upcoming BTC halving event planned in May 2020. According to the company’s release:

Considering the past BTC halving data, it was observed that after every halving event, BTC price escalates. This was made obvious from the earlier examples in 2012, 2013, 2016 and 2017.

The modern study from Grayscale cites another report titled as “Heading Global Liquidity Risk with Bitcoin” which associated the effects of global happenings on resources.

Grayscale ranted that BTC has a distinctive set of characteristics, which helps it in performing well in normal economic cycles besides uncertainty catastrophes, especially those concerning currency deflations.

Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

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