Others · November 23, 2022

Bitcoin believers maintain view it could find institutional buy-in despite FTX chaos

It’s hard to believe that bitcoin and other cryptocurrencies were flirting with all-time highs about a year ago. Today’s scenery is less exuberant; bitcoin’s price has toptechtrends.com/2022/11/01/bitcoin-miners-struggle-as-energy-prices-rise-and-hash-prices-fall/” target=”_blank” rel=”noopener”>fallen below toptechtrends.com/2022/06/18/bitcoin-falls-below-20000-and-ethereum-sinks-past-1000-as-crypto-market-free-fall-continues/” target=”_blank” rel=”noopener”>$20,000 and maintained its current price range since mid-June.

Going forward, crypto participants should ask now how they can better understand the market, James Butterfill, head of research at CoinShares said during a public call on Wednesday. “This is very much an emerging asset class and bitcoin is an emerging store of value.”

toptechtrends.com/2022/11/23/bitcoin-believers-maintain-view-it-could-find-institutional-buy-in-despite-ftx-chaos/”>Bitcoin believers maintain view it could find institutional buy-in despite FTX chaos by toptechtrends.com/author/jacquelyn-melinek/”>Jacquelyn Melinek originally published on toptechtrends.com/”>TechCrunch

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