• About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team
BitcoinNewsUpdates
  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis
No Result
View All Result
  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis
No Result
View All Result
BitcoinNewsUpdates
No Result
View All Result
Home Bitcoin News

Bitcoin Becomes 3rd Most Crowded Trade Due to Massive Adoption

Fred Fulton by Fred Fulton
December 16, 2020
in Bitcoin News
0
Bitcoin Becomes 3rd Most Crowded Trade Due to Massive Adoption

It is not just the rallies or gains; it is the consistent and reliable performance on Crypto bourses that has captivated a host of admirers for this most coveted Digital asset called Bitcoin. It has marked an almost 170% gain for the year and has hit a high record. Given the market uncertainty amidst Pandemic, many institutions too are vying to track this cherished crypto asset. 

So how has Bitcoin been able to secure a top-notch most traded traffic on various exchanges worldwide? Purely by merit.

Bitcoin has been able to rivet so much attention on sheer merit basis toppling the conventional methods and allowing users a lot of liberty at hand. Most importantly, it plays fair, especially at a time when social mobility has screeched to a grinding halt. No wonder Bitcoin is ranked third most significant role player even in the Global Fund Manager Survey conducted by Bank of America Merrill Lynch between Dec. 4 to 10. 

Through this ground-breaking news, Bitcoin beats all odds and even conventionally ‘safe’ considered havens of investments like Gold and Bonds. Being rated third among the frontrunners, Bitcoin registered the most aggressive transactions going by the 15% of survey respondents. This Crypto behemoth has successfully elevated itself to a lofty pedestal of being christened as a “Digital Asset” than just a “currency.” 

It has proved a torchbearer for the fiat counterparts whose roots got shaken among the recent inflationary trends resulting in massive unemployment and depression. A significant highlight of this performance is that Bitcoin transgresses the Border and refuses to bow down to any regulatory pressures. It proved its mettle when it surpassed Bank of America in market cap size for the first time in recent August. 

Being accessible to trillions, especially just over a smartphone and internet, Bitcoins has not only made inroads into bourses trading for gains but hope. Bitcoin has been a beacon that has evoked the light of hope in the hearts of innumerable. Many institutional investors join the brigade to encash enormous returns, including renowned names like MicroStrategy, Square, and Paul Tudor Jones the following suit, insurance company MassMutual, and investment manager Ruffer recent weeks. 

Bitcoin price surged almost 1.9% to trade around $19,562 yesterday. BCH marked more than a 9% gain, while the Bloomberg Galaxy Crypto Index gained nearly 2%. A question arises is Bitcoin headed towards being a cash substitute in a cash-starved economy?

It would be relevant to quote Draper here, who once mentioned, “When the world comes back, it will be Bitcoin, not banks and governments that save the day.”

Previous Post

PlasmaPay to Integrate with Settle Network’s Latamex

Next Post

DeFi Aggregator Frontier Collaborates with OIN Finance

Fred Fulton

Fred Fulton

Fred Fulton holds 10+ years of experience in news writing, and he recently joined BitcoinNewsUpdates as a news editor. His writing and analytical skills are very sharp, and he always tries to cover all the necessary information in the articles, which helps the reader a lot.

Next Post
DeFi Aggregator Frontier Collaborates with OIN Finance

DeFi Aggregator Frontier Collaborates with OIN Finance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Experts Say the Bitcoin Would Go back

Know Why Some Experts Say the Bitcoin Would Go back Below $4,800 in A Few Weeks

July 2, 2020
Amazon

Shop on Amazon and Pay with your Cryptocurrencies

July 2, 2020
Cardano

IOHK to release Shelley version of Cardano

July 2, 2020
Bitcoin Price Drops

Bitcoin Price Drops Below $8000 Leading to $651 Million BTC Liquidation on BitMEX

July 2, 2020
CoinGecko to Enter Non-Fungible Token Space

CoinGecko to Enter Non-Fungible Token Space

0
Ethereum (ETH) and Ripple (XRP) Now Available to Trade on OTC Trading Desk of Coincheck Exchange

Ethereum (ETH) and Ripple (XRP) Now Available to Trade on OTC Trading Desk of Coincheck Exchange

0
Bitcoin SV

The largest Crypto exchange in the World Delists Bitcoin SV

0
Bitcoin Treasure Hunt

How World is Getting Ready For 1m Bitcoin Treasure Hunt

0
Bitcoin Really in a Safe Haven

Is Bitcoin Really in a Safe Haven Status in Times of Crisis?

January 13, 2021
Starting Your Own Online Bitcoin Casino Points to Consider

Starting Your Own Online Bitcoin Casino? Points to Consider

January 11, 2021
How Does Bitcoin Transaction Work

How Does Bitcoin Transaction Work?

January 10, 2021
Bitcoin Gambling Site

How to Create Your Own Bitcoin Gambling Site? How to Open a Bitcoin Casino?

January 1, 2021
BitcoinNewsUpdates

Bitcoin News Updates is offering quality news articles about world's most popular cryptocurrency - Bitcoin. Stay tuned with us to gain insight into the world of cryptocurrencies. We are the leading source to stay informed regarding world of Crypto.

Email: editor@bitcoinnewsupdates.org

Follow Us

Bitcoin Really in a Safe Haven
Bitcoin News

Is Bitcoin Really in a Safe Haven Status in Times of Crisis?

The one thought running through investors’ minds today is how to keep their money safe without seeing a drastic drop ...

January 13, 2021
Starting Your Own Online Bitcoin Casino Points to Consider
Bitcoin News

Starting Your Own Online Bitcoin Casino? Points to Consider

The online betting bazaars are rewarding and extremely exciting, and they get you hooked, but they are unpredictable. Bitcoin is ...

January 11, 2021
How Does Bitcoin Transaction Work
Bitcoin News

How Does Bitcoin Transaction Work?

Bitcoin (BTC) is a decentralized form of digital currency. The decentralization means that the transaction, storage, transfer, and distribution of ...

January 10, 2021
Bitcoin Gambling Site
Bitcoin News

How to Create Your Own Bitcoin Gambling Site? How to Open a Bitcoin Casino?

Bitcoin Casinos are the online casinos that have revolutionized the regular gambling industry or rather have taken over the online ...

January 1, 2021
Fetch.ai Partnering with 0Chain
Cryptocurrency News

Fetch.ai Unlocks New Web 3.0 Ecosystem by Partnering with 0Chain

The leading AI and digital economics company, Fetch.ai, based in Cambridge, UK, has made an important announcement regarding its partnership ...

December 22, 2020

Recent News

Bitcoin Really in a Safe Haven

Is Bitcoin Really in a Safe Haven Status in Times of Crisis?

January 13, 2021
Starting Your Own Online Bitcoin Casino Points to Consider

Starting Your Own Online Bitcoin Casino? Points to Consider

January 11, 2021
How Does Bitcoin Transaction Work

How Does Bitcoin Transaction Work?

January 10, 2021

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis
  • About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team

Copyright © 2021. Bitcoin News Updates. All Rights Reserved.

No Result
View All Result
  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis

Copyright © 2021. Bitcoin News Updates. All Rights Reserved.