Grayscale survey connects COVID-19 pandemic to new Bitcoin purchases
Survey data from Grayscale Investments shows the coronavirus pandemic played a role in new investors' decision to buy Bitcoin. As Bitcoin price rises toward $18,000 and traders attempt to secure a new all-time high, the surge of institutional investors jumping on the Bitcoin (BTC) bandwagon continues. This time, institutional and retail investors are both keen to accumulate Bitcoin, and data from crypto derivatives markets shows institutional investors are driving Bitcoin volumes to new highs.BTC futures volume by exchange. Source: Digital Assets DataAccording to research from Grayscale....
Related News
The survey tended to support the view of Bitcoin as a "safe-haven" asset. A survey by Grayscale Investments indicates that the COVID-19 pandemic has increased investor appetite for Bitcoin (BTC).Source: Grayscale Investments.The firm surveyed 1,000 U.S. consumers between the ages of 25 and 64 that were involved in personal investments of $10,000 or more in household investable assets. The survey was conducted in June-July 2020. 63% of the respondents who had invested in Bitcoin in the previous four months said that the pandemic had an impact on their decision. Moreover, 39% found Bitcoin....
As the Facebook, Instagram, WhatsApp shutdown demonstrates, the COVID-19 pandemic may just roll into a cyber pandemic.
According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4 per cent drop, a report by Africa News explains that remittances are now showing “greater resilience and reliability as a source of capital in Africa than foreign direct investment flows.” Consequently, the Continental Migration Report 2021, which was....
Bitcoin trading signals can come from anywhere. It could range from just looking at charts to looking at how people react towards the purchase of certain assets. With the pandemic sending most of the world into lockdown, COVID-19 has now made its way into being a trading signal. The movement of the market in line with the rise and fall of COVID-19 cases has shown some interesting correlations when both charts are compared. Related Reading | Bullish Signal That Resulted In A 250% Increase In Bitcoin Is Getting Triggered Again The COVID-19 pandemic has no doubt had a huge impact on....
A survey from Grayscale Investments suggests interest in bitcoin is on the rise, with the coronavirus being a driver of new investors.