BitCoin Long-Term Investors Good?

BitCoin Long-Term Investors Good?

FX SIGNALS Bitcoin’s progress in 2021 seems far from over. With the price of the cryptocurrency nearly doubling in the past 30 days, the coin has successfully entered its most prominent bull run, surpassing even the much-hyped surge of 2017. On March 13, Bitcoin reached a new all-time high of $61,895, marking the fourth breakout of 2021.

Data from a Glassnode report highlights reliance on Bitcoin is developing, with long-term holders (LTH) of Bitcoin not selling their positions for profits. This indicates that cryptocurrency is steadily establishing itself as a viable stronghold for many investors despite price volatility. As stated in the report, price volatility is a circumstance of short-term holders (STH) with wallet activity in the past six months who speculate on price activity to gain profits.

Bitcoin Is Becoming The Norm

As more stories and data emerge about how investors perceive Bitcoin, we can see that the cryptocurrency has overcome institutional scrutiny in some parts of the financial sector and is now looked at from a different perspective. In 2017, Bitcoin received criticisms about its high volatility and increased risk for investors. However, in 2021, institutions have shifted their focus toward Bitcoin and framed it as a currency with high investment potential. Its volatility has decreased in the past year due to an influx of sturdy investors that recognize Bitcoin for its long-term investment value.
Institutional investors can cash out on their BTC if its price goes below their stop-loss limit.
Can Long-Term Investors Make Bitcoin Mainstream?

BitCoin Long-Term Investors Good?

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