Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) LinkedIn
    The Business TimeThe Business Time
    Subscribe
    • London
    • Business
    • Finance
    • Marketing
    • Technology
      • Auto
    • Education
    • Entertainment
    • Lifestyle
      • Travel
      • Food
    The Business TimeThe Business Time
    Home»Finance»Will the Currency Circle in 2024 be the Last Bull Market?
    Finance

    Will the Currency Circle in 2024 be the Last Bull Market?

    EditorBy EditorMarch 30, 2024No Comments4 Mins Read Finance
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The bull market in 2024 is also called the institutional bull, and many institutions have deployed to enter the market. Some are directly buying Bitcoins through Microstrategy, some holding Bitcoins indirectly through Grayscale Bitcoin Trust, and those like Cathie Wood, are optimistic about the future of bitcoin and hold bitcoin stocks such as Coinbase.

    What is your impression of the organization? What do you think is the investment style of the institution? The institutional investment styles we are familiar with are mostly long-distance running types, which can be held for 10 years, and the profit is 10 times or even 1000 times.

    Here comes the question. In this round of Bitcoin’s rise, what is the opening price of institutions?

    The fair price is roughly between 28,000 and 38,000 US dollars. Currently, some institutions that enter the market early make 300% profit; and for those who enter the market later, some have a floating loss of 24%. On the whole, it is neither a situation of loss nor profit. For institutions, is it an investment failure, or is there a hidden meaning?

    Some become institutions or magnates because they have the resources, financial strength, and vision that ordinary retail investors do not have. Thus, for institutions, the investment in Bitcoin can be regarded as a thoughtful thought after due diligence. Here is an option for you to start looking for ways to spend bitcoin.

    Looking at the number of people entering the currency circle, the FCA estimates that 2.3 million British adults now hold encrypted assets, exceeding last year’s by 1.9 million. When Bitcoin first emerged, the primary user circle was between technology and geeks.

    However, the myth of instant wealth and vital financial attributes has attracted many speculators to participate, and the increase in the number of people boosts confidence in the development of Bitcoin.

    For a product, effective growth of users often means the inflow of funds. If the adequate number of people exceeds 5,000, there will always be a few extremely wealthy people. Can the growth of the Bitcoin user realize one’s entry?

    From the policy aspect, when Bitcoin has grown to a trillion dollars in market value, it can indeed be said to be different. For instance, India went from having a comprehensive ban on Bitcoin to abandoning it and plans to classify cryptocurrency as an alternative asset category; El Salvador uses Bitcoin as a legal currency, giving Bitcoin a certain degree of compliance. Up to now, the possibility of directly wiping out Bitcoin is low. Instead, discussing suitable solutions and exploring the path of Bitcoin supervision is the current mainstream.

    Under the multi-party game, the popularity of Bitcoin and other digital currencies is significant. The current surge of Bitcoin is undoubtedly a good converter, which magnifies the greed of human nature to the extreme. Therefore, people with dreams of getting rich can’t help but enter the circle.

    Before this, a listed big data analysis company in the US, Palantir Technologies, announced on a conference call that it would accept Bitcoin as a payment method. Furthermore, Metromile, a Nasdaq-listed car insurance company, allowed customers to use Bitcoin to pay for insurance premiums.

    There are many more. Thus, we can say that Bitcoin is becoming more abundant in application scenarios. For Bitcoin, this is beneficial and harmless as it can even increase users. Visit the Bitiq official site for more information on how to get started with bitcoin

    Of course, more people are willing to analyze the follow-up market from the candlestick chart of Bitcoin in the past eight years. Before hitting an amazing price, it may not be surprising for Bitcoin to drop below $10,000.

    Currency Circle
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBest 6 Electric Cars to Buy in UK 2024 | Check Out Top Choices Here
    Next Article 5 Factors That Support Cryptocurrencies Boom In 2024
    Editor

      Related Posts

      Car Financing Advice for the Self-Employed

      June 7, 2025

      Common Misconceptions About Trucking Insurance

      May 13, 2025

      Common Commercial Property Issues And How To Resolve Them

      May 10, 2025
      Latest Post

      Online Casino Trends and Features: What Gives the Upper Hand to Crypto Casinos

      June 17, 2025

      Reducing Stress for Better Health and Well-being

      June 16, 2025

      Where to Spend Your Upcoming Vacation: The 2025 Hot List of Cities to Visit

      June 16, 2025

      The Ultimate Guide to Branding in 2025

      June 12, 2025

      Mentorship: 3 Tips on How to Do It Right

      June 10, 2025

      Steps to Launching Your Own Software Company

      June 10, 2025

      Francisco Javier D’Agostino, cleared by OFAC, removed from U.S. sanctions list after no Maduro ties found

      June 9, 2025

      3 Simple Tips for Creating Buzz for Your Brand

      June 7, 2025

      Car Financing Advice for the Self-Employed

      June 7, 2025

      Take the Stress Out of Writing: Expert Paper Writing Services for Your Success

      May 20, 2025
      About
      About

      Welcome to The Business Time – UK’s Leading Business Magazine. We are a UK-based business magazine that covers all trending and relevant business stories around UK.

      Facebook X (Twitter) LinkedIn
      Latest Post

      Online Casino Trends and Features: What Gives the Upper Hand to Crypto Casinos

      June 17, 2025

      Reducing Stress for Better Health and Well-being

      June 16, 2025

      Where to Spend Your Upcoming Vacation: The 2025 Hot List of Cities to Visit

      June 16, 2025
      Quick Links
      • London
      • Business
      • Finance
      • Marketing
      • Technology
        • Auto
      • Education
      • Entertainment
      • Lifestyle
        • Travel
        • Food
      © 2025 The Business Time.
      • About Us
      • Privacy Policy
      • Write for us
      • Contact us

      Type above and press Enter to search. Press Esc to cancel.

      We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
      Cookie settingsACCEPT
      Manage consent

      Privacy Overview

      This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
      Necessary
      Always Enabled
      Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
      CookieDurationDescription
      cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
      cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
      cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
      cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
      cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
      viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
      Functional
      Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
      Performance
      Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
      Analytics
      Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
      Advertisement
      Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
      Others
      Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
      SAVE & ACCEPT