March 28, 2024

Large investors plan to enter bitcoin before the end of the year

Large investors plan to enter bitcoin before the end of the year

CoinShares Chief Strategy Officer Meltem Demirors believes that Bitcoin (BTC) will show growth in the next few months.as the crowded out investor capital will flow into the mainstream cryptocurrency.

In an interview with CNBC Television, the CEO of a digital asset management company highlighted potential catalysts that could drive the price of Bitcoin to a much higher level.

«We are seeing a lot of hype right nowaround the potential approval of a Bitcoin ETF. These will be contract-based cash-settled ETFs, but still there is a lot of buy-the-rumor, sell-the-fact patterns in crypto, which is a big catalyst that we're seeing in the fourth quarter.

Not many longs are open on Bitcoinpositions, so we see many more firms taking on more bullish long calls. In fact, there are a number of long-term options with six figures that will begin to move at the end of the 4th and beginning of the 1st quarter.

Demirors also mentioned that the wide range of platforms developed to buy bitcoins are likely to accelerate the asset's growth by the end of this year.

«The most important thing is that a lot of cash remains untapped, and many investors are now seriously considering adding Bitcoin to their portfolios.

There are many different ways to dothis, whether through a public investment vehicle or through the assets themselves on platforms like Coinbase, Robinhood or Square. Many options open up a channel for retail and professional investors.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Large investors plan to enter bitcoin before the end of the year

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