Why is BTC going up yet?
11% of the US population owns the main Bitcoin cryptocurrency (BTC), according to a new survey published by Blockchain Capital on April 30. The survey was conducted in six key aspects: awareness, familiarity, perception, conviction, propensity to purchase and possession. The figures have risen significantly since the same poll in October 2017 despite the “bear market” 2018.
These indicators are growing and will continue to grow with the development of the infrastructure of the blockchain sphere itself around the world. Higher awareness = higher trust = more frequent use by the public = higher asset rate. With such dynamics, Bitcoin cannot fall in price in the long term (hello to HODLers).
Considering other factors of long-term growth, perhaps a new “bull cycle” really begins ?!
These indicators are growing and will continue to grow with the development of the infrastructure of the blockchain sphere itself around the world. Higher awareness = higher trust = more frequent use by the public = higher asset rate. With such dynamics, Bitcoin cannot fall in price in the long term (hello to HODLers).
Considering other factors of long-term growth, perhaps a new “bull cycle” really begins ?!
Penafian
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