Despite uncertainties and high volatility surrounding it, Bitcoin has crossed $65,000 per coin for the first time and according to industry experts, the most sought-after cryptocurrency may touch the $100,000 mark by the end of this year.<\/p>\n
The Bitcoin market cap has touched $2.5 trillion amid its rising adoption globally, particularly in India.<\/p>\n
According to Nigel Green, CEO and founder of deVere Group which has $12 billion under management, Bitcoin is undeniably a mainstream asset class and most investors should consider including crypto assets as part of a diversified portfolio.<\/p>\n
“In July, we publicly predicted that Bitcoin would reach and most likely beat it’s previous all-time highs. I am confident that while there might be some profit-taking in the near-term, so that investors can accumulate more later, the momentum is such that we can expect prices to continue on their upward trajectory,” he said in a statement.<\/p>\n
The Indian cryptocurrency market is expected to reach up to $241 million by 2030 in India and $2.3 billion by 2026 worldwide.<\/p>\n
According to a report by the IT industry’s apex body Nasscom, there are 15 million retail investors in India investing in the cryptotech space.<\/p>\n
According to Shivam Thakral, CEO, BuyUcoin, a homegrown cryptocurrency exchange, the launch of the first bitcoin ETF on the New York Stock Exchange is a moment of reckoning for the global crypto economy and the world’s oldest cryptocurrency.<\/p>\n
“Bitcoin is witnessing its meteoric rise owing to the euphoria around the ETF debut and is expected to touch the $100,000 mark by the end of this year,” he said.<\/p>\n
There has been a paradigm shift in the investment patterns across the globe which is underlined by the data shared by crypto exchanges from time to time.<\/p>\n
“Bitcoin creating a new all-time high indicates wider acceptance of crypto assets across the globe. The listing of the first bitcoin futures ETF is a big leap of faith for crypto investors as it took eight long years to get the final approval from US securities,” said Jay Hao, CEO of cryptocurrency exchange OKEx.com.<\/p>\n
“As we speak, the bitcoin market cap has touched $2.5 trillion, another new all-time high that is expected to boost the confidence of institutional and retail investors, globally. Inflow of investments from institutions have also played a major role in creating the record high,” Hao added.<\/p>\n","protected":false},"excerpt":{"rendered":"
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