Even though the price of bitcoin fell very badly in 2018, but there are still many investors who are confident about the price of Bitcoin in the future, there is no need to even question whether the decline in coins will stop at a price that is not pleasing to him.
People are starting to wonder if there is a better future for BTC? Those who call it bubbles get new strength and the price decline serves as an argument that they are right all this time.
Many investors still remain bullish with bitcoin, especially after coins spend months maintaining their prices between $6.300 and $6.500, and they believe that BTC has found its base and people are beginning to believe bitcoin will rise again.
Maybe at that time it could be a temporary encouragement for bitcoin investors, but the second cryptocurrency market crash began to come back when Bitcoin Cash fork causing a hard blow to the crypto market, and the Bitcoin ecosystem, in particular.
Bitcoin began tumbling back to finally reaching $3.200. Investors are desperate, but it seems that the lowest point is just beginning to be discovered, although there are predictions that claim that BTC will drop more before the situation reverses.
it seems like this is the time that many crypto investors have been waiting for, because the price of BTC is starting to grow again is it really surprising, isn't it?
Although many claim that this growth is driven by the will of investors, because the money flowing into the market is still lacking. Nevertheless Bitcoin is still trying hard to climb to a new place, with this, bitcoin has given new enthusiasm and optimism to its members throughout the world.
Institutional investors are starting to pay attention to cryptocurrency
While Bitcoin spent the entire decade struggling to grow without help from institutions or the government, which was a remarkable achievement. After a decade of investment, "ordinary" investors have reached their limits, even though the number of investors is now much higher than it was two years ago.
Even so, Bitcoin needs to generate more interest in investors, institutions and vice versa, so that it can grow even higher in the future. This is also something that many cryptocurrency analysts predict throughout 2018, and they say that by 2019 it is likely that these institutions will join bitcoin.
While this prediction is far from reality, institutions did begin to develop interest, and some of them even made small steps towards the crypto room.
Recently, there have been many reports of two public pensions based in Virginia that invest in Morgan Creek funds dedicated to investment in blockchain and crypto.
Funds will only use a small portion of crypto, but will still build relationships between institutions and cryptocurrency. Apart from that, it comes from JP Morgan, who is developing his own coin, JPM Coin.
JPM Coin will not be an actual cryptocurrency, because it will be tied to the bank and will act as something between fiat and stablecoin money, but this is also a move towards cryptocurrency space.
Then, there was the Bakkt exchange, which was delayed again because of the biggest government closure in US history, although it was still a very active project, just waiting for the opportunity to be implemented.
Institutions not only develop interest in crypto but have joined, though slowly and they are very careful. Which is likely to provide tremendous benefits for Bitcoin.