Bitcoin has double its price in the past three months. Unlike its previous rally in 2017, when the demand came from the retail market, this time it’s the institutional investors leading it.
Institutions, as well as, high-net-worth investors are beginning to see Bitcoin as a store of value and as a treasury asset.
The US-based company MicroStrategy purchased $450 million worth of bitcoin earlier this year and has started a trend and investors have pointed to bitcoin as a potential hedge against the impending inflation they see.
Independent writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.