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High-Profile Traders: Crypto 2019 Not Like Retail-Fueled Mania of 2017

From dailyhodl.com

Institutional investment is playing a bigger role in Bitcoin’s recent increases in value than it did when the cryptocurrency hit all-time highs in late 2017 and early 2018, according to high-profile traders. Joe DiPasquale, CEO of cryptocurrency hedge fund BitBull Capital, tells Forbes that the 2019 bull run is displaying different characteristics than the retail-fueled mania in 2017. “Bitcoin price grew rather steadily in the first quarter of this year as compared to the violent movements of late because the sentiment shift was not retail oriented. We believe institutions were actively buying Bitcoin since its lows ... (full story)

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  • Category: Fundamental Analysis