The hectic days of daily headlines in Decrypt announcing new consecutive ATHs for Bitcoin cooled in what could be the decline of a now historic bull run. Today the currency has fallen by another 5%, bringing it to $ 35,000.
Observers predicted that a correction was delayed at some point during the race. Valued at $ 10,500 in early October, Bitcoin has risen consistently until the end of the year, with remarkable growth around Christmas and New Year, leading to a stunning $ 42,000 ATH on January 8.
O general consensus is that Bitcoin’s performance in the market was driven by a wave of serious institutional interest from several companies. Anthony Scaramucci’s SkyBridge recently launched its own Bitcoin fund; Michael Saylor’s MicroStrategy also invested more than $ 1 billion in the currency – perhaps prompting Morgan Stanley to buy a 10 percent stake in the company to capitalize on growing interest in BTC.
His faith in the currency remains, however, with Scaramucci leading to Twitter declare that “a 25% retraction is not surprising. Expect many swings and setbacks ahead. ”On the same platform, Saylor defend your expensive choice every day, summing up his attitude towards Bitcoin in a retweeted meme.
Elsewhere in the news
Meanwhile, according to a report of Coindesk, Goldman Sachs and JPMorgan sent RFIs (requests for information), – essentially sensors to exploit the custody of ‘digital assets’ (cryptography).
According to Assetdash, Bitcoin is now the tenth largest asset by market capitalization, having moved away from Warren Buffet’s Berkshire Hathaway, now two places behind, and leaving giants like Visa, JPMorgan and MasterCard behind 14, 15 and 21, respectively.
Graphics may be falling, but the future of Bitcoin remains a topic of intense speculation.
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