The Wall Street Journal posted a story about bitcoin on the front page

The publication said that during the crisis, cryptocurrency received support from billionaires andlarge institutional investors.

November 23 edition of The Wall Street Journalposted material about bitcoin on the main page, in the center. The article states that in 2020, Bitcoin found support among the billions and spread among institutional investors.

#Bitcoin front page of the Wall Street Journal? pic.twitter.com/wD7TUuMcTp

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The material features billionaires Paul Tudor Jonesand Stanley Druckenmiller. The first one started investing in cryptocurrency this spring, at the height of the crisis. Then the founder of the hedge fund Tudor Investment invested 1% of his assets in bitcoin, or about $ 50 million.

buying BTC in November. He announced that he holds capital in gold and its digital counterpart. The investor is sure that digital currency can be of interest not only to the younger generation, and, moreover, it can bring more profit than the precious metal, since it differs from it in low liquidity.

In March 2020, the bitcoin rate fell to $ 3.8 thousand. amid declining stock markets. Then the price of the coin began to grow and by the current moment has increased by 380%, to $ 18.4 thousand. During the rally, more and more large institutional investors transferred their capital to BTC.

One of the first companies to choose Bitcoin inas a defensive asset, has become MicroStrategy, an analytical software company. In August-September, she invested $ 450 million in cryptocurrency.Since those, BTC prices have risen by about 80%.

Immediately after MicroStrategy into the main digitalthe asset was invested by Square, owned by Twitter founder Jack Dorsey. She bought BTC for $ 50 million. At the same time, the Tahini’s restaurant chain transferred all its cash savings to Bitcoin.

Among retail investors, bitcoin, by contrast,receives less attention than in 2017. This is evidenced by data from Google Trends. According to them, the interest of users all over the world does not even come close to the level that was reached three years ago. Then the BTC rate increased 20 times during the year and in December set a historical maximum of $ 20 thousand.

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