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What funds are buying Bitcoin (are there any that got rich from buying Bitcoin)?

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What funds are buying Bitcoin? Bitcoin performed very well in the bull market o

What funds are buying Bitcoin (are there any that got rich from buying Bitcoin)?

What funds are buying Bitcoin? Bitcoin performed very well in the bull market of 2018. From December 2017 to early January 2019, the total market capitalization of the crypto market soared to nearly $4 billion. However, this is not due to the lack of any fundamental factors in the crypto market, but rather because a considerable amount of funds have flowed into this field. Due to the high volatility and correlation of Bitcoin itself, many people believe that the current bull market is far from over. Of course, many people question the reasons for buying Bitcoin now does not necessarily mean that Bitcoin has become mainstream.

So what funds have been buying Bitcoin? Which institutional investors are investing in Bitcoin? Why do these reasons help us better understand the changes in Bitcoin and cryptocurrencies?

Are there any that got rich from buying Bitcoin?

Editor’s note: This article is from Xiaozha Xiantan (ID: xiaonazha88), authorized by Odaily Star Daily to be reprinted.

In the past month, Bitcoin has risen nearly tenfold, from January 15th to the current August 7th. However, for most cryptocurrency enthusiasts, the recent market has been relatively flat, as the overall market trend is oscillating. Many investors do not know when to buy this variety. If you haven’t invested in Bitcoin now, you might be waiting for an upward trend next month… But to be honest, I personally don’t see a promising future for Bitcoin. So in my opinion, the current market is not a optimistic sign and signal for many people. It’s just some people taking this news as a recognition of the market! Of course, some friends feel that they have missed some opportunities. For example, a netizen mentioned recently, “I bought more than 300,000 Bitcoins at the beginning of this year,” and then suddenly found that he didn’t have many Bitcoins in hand, and hesitated about whether it would make someone rich if they don’t let others buy it. There have been a series of questions asked countless times.

In fact, the question that everyone has been thinking about during this period is: How can we make a lot of money? “Why do you pay attention to those money-making big shots?” Or, how do you judge whether big money is entering the market? If you’re doing speculative things? That means you must have money in your hands. Therefore, no matter what, you must pay attention to your investment strategy and risk control abilities.” – Xiao PPI Wen|Xiao Dai If you are a newcomer to the blockchain industry, you know that speculating on coins is a new thing, but you cannot completely ignore its importance. It itself has high investment value and can even be seen as an opportunity for wealth accumulation. “As long as there are people with a little money inside, there will be many assets that can generate returns.” This is a concept of cryptocurrencies that we are familiar with. Its appearance is to exchange and trade with other digital tokens, rather than chasing their price fluctuations.

Today I want to talk about the relationship between Bitcoin and the stock market. Although it looks similar to stocks, it is not the case, because the stock market is a relatively stable market and is also very easily influenced by leverage.

In fact, since the second half of last year, the entire financial market has regarded precious metals represented by gold as the main safe-haven assets, including US dollars, government bonds, and corporate bonds. With the continuous development of the global economy and the US Congress approving a $1.9 trillion stimulus bill, more and more institutions and companies are investing cash in the cryptocurrency field, thereby driving the growth and development of this field.

In addition, the price of Bitcoin has been on the rise, reaching a historical high of $53,000 by the end of September, reaching a high level in nearly four years. At the end of 2018, the price of Bitcoin once broke through $20,000 and continued to trade in a sideways manner. By mid-November, Bitcoin’s increase exceeded 20%, close to the level at the end of 2017, and at its peak, it surged above $13,400; however, in the following weeks, Bitcoin quickly fell over 70% after falling below $4,000; by the end of December,…

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