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Report: Bitcoin's Recent Surge Due its Maturation as an Asset

From cointelegraph.com

New data suggests that bitcoin's (BTC) growth is explained by its maturation as an asset based on conversations surrounding the leading cryptocurrency, Bloomberg reported on May 15. Bloomberg cited a report from web intelligence platform Indexica, that developed an index based on natural language processing of textual documents in an effort to explain bitcoin’s recent surge. The research reportedly revealed three major drivers of the coin’s growth, including conversations surrounding bitcoin, fewer concerns about fraud and a shift in the sentiment of how people talk about bitcoin from the past to the future. The ... (full story)

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  • Category: Fundamental Analysis