Crypto Demand On The Rise: Wealthy Asian Investors Seek To Increase Digital A...
Wealth managers in Asia have noticed a surge in demand for crypto assets as mainstream adoption and broader regulatory shifts drive prices to new highs. A recent report shared that wealthy Asian investors are seeking to grow their digital asset portfolios. Related Reading: US Treasury Secretary Expects Stablecoin Industry To Boost Government Bonds Demand – […]
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Analysts at JPMorgan now assert that optimism among individual investors in cryptocurrencies is on the rise, with a brighter market forecast following extreme downturns. JPMorgan revealed in a research released on Friday that it expects retail demand for cryptocurrencies to increase. The bank added that the severe phase of deleveraging brought on by falling digital […]
“Around 6% of the U.S. population now use or own crypto, and the trend is growing,” said the report. A new report from MiQ Digital indicates that demand for cryptocurrency has increased the most in the U.S. states of Hawaii and California in 2021.According to data gathered from Google Trends comparing the average interest from 2020 to 2021, MiQ Digital reported that Hawaii had seen a more than 687% increase in demand for cryptocurrencies over that in 2020, even more than runner-up state California at 655%. However, users are most likely to find businesses in California that are willing to....
For many years and likely many years to come, bitcoin has been the number 1 digital asset for investors, especially those looking to invest in the long-term. When big money started entering into the crypto space, bitcoin was the first stop before it diversified into other assets. However, as time as gone by and more altcoins are beginning to gain popularity, bitcoin is losing its hold as the number 1 choice for investors. A recent survey that featured respondents from the ultra-wealthy class showed that they did not favor bitcoin as their first choice. Rather, they picked an altcoin whose....
A couple of days ago, Bitcoin price dropped by over $200 as the community indulged in panic sales based on speculations. The best performing asset in 2016, Bitcoin started the new year on a high note, only to witness a sudden drop in its price. For many, who are used to the cryptocurrency’s volatility, it didn’t come as a surprise. Bitcoin has had a good run, thanks to unprecedented demand, which defied the predictions of qualified analysts. The initial demand for cryptocurrency probably originated from the Asian and European countries following their economic and monetary crisis. The....
Bitcoin ATM units in the U.S. have nearly doubled in a year, indicating a growing demand from retail investors who seek convenience.