With Bitcoin and other cryptocurrencies, volatility is assumed. You may purchase Bitcoin from a Bitcoin ATM in St. Louis, MO, at one price in the morning and go back to that same ATM and find that the price has changed drastically. This same volatility is how investors are making a ton of money off of cryptocurrencies.
Currently, Bitcoin and other cryptocurrencies are rallying. People feel that the current rally is different from previous rallies because it is being supported by institutional investors. As more and more financial institutions are including Bitcoin in their portfolio, the stability of the cryptocurrency is leveling out.
When institutional investors create a big buy in the market, they get rid of some of the supply from Bitcoin trading. It is good to remember that Bitcoin only has a fixed supply of 21 million coins. When you purchase Bitcoin from a Bitcoin ATM in St. Louis, MO, you are buying into a limited supply.
As institutional investors get into the cryptocurrency game, they are able to buy large swaths of Bitcoin, thereby leading to a surge in price for the few coins that are still in circulation. Couple that with the fact that there is a huge push for Bitcoin ETFs that would make it easier for retail investors to gain exposure to cryptocurrencies and it’s clear to see that there is room for a lot more demand in Bitcoin among institutions.
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