Bitcoin is on the verge of a new rally

One of the founders of the Gemini crypto exchange, Tyler Winklevoss, believes that we are on the verge of a new racebitcoin. He has previously repeatedly pointed out that BTC’s fundamentals are improving.

This time, Tyler Winklevoss announced a massive capital inflow into the largest cryptocurrency. The businessman used the word "tsunami" when describing a new stage in BTC strengthening.

First, it was @michael_saylor and publicly traded@MicroStrategy buying $425million of #Bitcoin. Today, it is @jack and @square buying $50million of bitcoin. Tomorrow, it will be another visionary leader, and another, and another…the tsunami is coming https://t.co/MjF5z6u7ha

- Tyler Winklevoss (@tylerwinklevoss) October 8, 2020

With such a statement, he commented on previously received information about an increase in investment in cryptocurrency from the teams of Square and MicroStrategy.

Let us remind you that the technology giant Square bought bitcoins for a total amount of up to $50 million. That is, approximately 1% of its assets were invested in cryptocurrency.

Another company, MicroStrategy, previously confirmed that it had invested $425 million in BTC.

Winklevoss tweeted that “a tsunami is coming,” which will result in an explosive increase in the value of Bitcoin.

A similar point of view is sharedMechanism Capital founder Andrew Young. He believes that institutional adoption of BTC is ongoing. Cryptocurrency attracts large investors with its independence and higher profitability compared to securities and other instruments.

The backdrop for institutional adoption of Bitcoin is the strongest it’s ever been:

— Low volatility
— Looming inflation
— Low yields
— High valuations in other asset classes
— Price 50% off highs 3 years ago
— Validation from TradFi elite (PTJ)
— Established custody solutions

- Andrew Kang (@Rewkang) October 9, 2020

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