Bitcoin break after continuous strong trend, increase participation of institutional investors, investors will be more stable

Under the Federal Reserve cut interest rates to increase, Facebook made money next year, production should be halved, and other good news, bitcoin prices continued to rise, 23, up to $ 11,000 compared to a breakthrough this year's low of $ 3416, tired rose more than 200% . Hit a new 15-month high.
Bitcoin is generally believed that hedging properties remains strong. Federal Reserve monetary policy meeting decided to maintain interest rates unchanged, but Chairman Powell announced that it might cut interest rates in the remainder of the year to Bitcoin reach a record high of $ 19,511 in December 2017, for the year rose 140% cap, and then in 2018 in plummeted 74%.
Last December, the currency hit a bit about the recent low of $ 3,100, for months has been hovering at 3,300 - the $ 4,100 range, only bidder until early April, and since then has been steadily rising.
CEO and co-founder Block Chaining encryption and monetary investment company KR1 Plc is headquartered in London, George MacDonald (George McDonaugh) said: "The rally is quite amazing Bitcoin funds did not put the assets behind. it just sitting around, waiting to return. "

institutional investors influx
of last Bitcoin ascribed the situation is different is that a large part of the interest of investors from institutional investors.
Although trading volume in dollars of growth largely reflects the currency Bitcoin and other encryption market value growth, but trading volume to calculate Bitcoin is also much higher than the previous peak.
JP Morgan pointed out that since the Bitcoins once soared in 2017 two years, "market structure has undergone major changes ...... may be more affected institutional investors."
Bitcoin historic soared to December 2017 $ 20,000 is the highest level retail driven to a large extent, therefore extremely volatile subsequent collapse. This time, it is largely due to institutional buying, which also means a more stable, easier to unexpected situations and influence changes and fluctuations.
For Bitcoin is, "This might be different." For Bitcoin investors, this is a good thing. Because as the institutions have entered the field of encryption, which is Bitcoin long wanted from the outset group of investors, because it creates a much more stable price base for the future.
The famous Zero Hedge blog analyst Tyler Durden4月初预测的第三次比特币泡沫有可能开始. He believes that the next peak Bitcoin bubble will be between $ 60,000 and $ 100,000.
Three factors help Bitcoin higher
industry believes that the reason for breaking a million bitcoins there are three: First, the Federal Reserve cut interest rates increase, the second is Facebook send money, the third is to halve production next year bitcoin, bitcoins avoid property insurance is still strong. Federal Reserve monetary policy meeting decided to maintain interest rates unchanged, but Chairman Powell announced that it might cut interest rates up to 0.5 percentage points in the rest of the year. With the increase in the likelihood of a rate cut in July, the dollar further down, which Bitcoin and gold are good news.
At the same time, there are signs that the mainstream market for currency and the underlying encryption technology block chain renewed interest now, most notably Facebook, Libra. This social media giant is working with Visa and Uber (Uber) and other partners to develop this system,
recently halved approaching expectations Bitcoin is also an important reason for pushing up the value of the currency. According to design mechanisms Bitcoin, every four years, each block obtained its mining bitcoin reward will be halved, leading to new bitcoin supply fell. Bitcoin next cut will take place in May 2020.
In addition, currency circle by emotional drive significant investment, which in turn boost the Bitcoin prices continued to rise.
"Fear of missing out," the mood in the currency market encryption uncommon, specific performance is the "chase." In November 2017, when the bitcoin prices topped $ 10,000 in just 18 days time, it reached a record high of nearly $ 20,000. Bitcoin also appeared several times this year a wide range of callback when prices rise, more analysts believe that after Bitcoin exceeded 1 trillion US dollars, this sentiment will officially begin.
But Newton Investment Management's global equity portfolio manager Mahan Mu remind you: "For ordinary investors, the attractiveness of Bitcoin Bitcoin is still too limited risk is very large, volatility has been great.."