Bitcoin has attracted mainstream traders even before this bull run.
The market for cryptos is not very efficient and there are opportunities for traders to make easy profits.
Topic: [2016-6-11]Is Bitcoin's Price Performance Drawing Mainstream Traders? (Read 288 times)
June 11, 2016, 11:44:58 AM
With the price of bitcoin at 20-month highs, market observers are beginning to assert the digital currency's strength could be drawing the interest of new global traders.
With many market participants struggling to get returns from more traditional asset classes, investors are now being prompted to look at investments they would not have considered before, such as digital currency, they argue.
According to Tim Enneking, chairman of cryptocurrency investment fund EAM, the price rally the digital currency enjoyed just weeks earlier can be attributed, in part, to investors' thirst for yield.
http://www.coindesk.com/bitcoin-price-performance-mainstream-traders/
With many market participants struggling to get returns from more traditional asset classes, investors are now being prompted to look at investments they would not have considered before, such as digital currency, they argue.
According to Tim Enneking, chairman of cryptocurrency investment fund EAM, the price rally the digital currency enjoyed just weeks earlier can be attributed, in part, to investors' thirst for yield.
http://www.coindesk.com/bitcoin-price-performance-mainstream-traders/
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