Thursday, March 23, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Bitcoin Expansion Pushed by Retail Investors And Projects

by firstcryptonews
May 12, 2021
in Bitcoin
Bitcoin Expansion Pushed by Retail Investors And Projects

Bitcoin (BTC) expansion in the last months has been pushed by several companies entering the crypto market and purchasing BTC, and other virtual currencies. This has allowed the price of Bitcoin to reach massively high prices. Indeed, the virtual currency surpassed $60,000 a few weeks ago and, in the future, it could surpass these levels.

But that’s not all. We cannot consider that the recent bull market was driven just by institutions. There has also been a strong influence from retail investors that acquired and purchased BTC and other virtual currencies on a regular basis. Projects, decentralized applications (dApps), decentralized finance (DeFi) and even online casinos have been helping the market move forward.

Bitcoin Continues Moving Higher

If you were thinking that the bull market has been driven by institutions you were right. We have seen how companies such as MicroStrategy, MassMutual or even Tesla acquired BTC during 2020 and 2021. However, smaller and retail investors have also been investing in the most popular virtual currency in the world.

Projects and gambling sites accepting Bitcoin have attracted new users. Indeed, the Bitcoin betting industry has strongly expanded over the last years. Online casinos are accepting not only Bitcoin but also other digital assets.

With these waves of investors coming from both sectors, we see that it was possible for BTC to reach a large number of users. Nowadays, Bitcoin is used as a hedge against inflation and fiat currencies, as a digital asset to send and receive transfers, as a currency to pay for goods and services and many other things.

Thus, the influence of retail investors and institutional traders has been steadily growing. This could continue in the future if Bitcoin reaches a new all-time high. But there are some challenges that BTC must handle before it is able to become the leader it wants to be.

Bitcoin Challenges

As we said, there are some challenges that Bitcoin must face in order to continue moving forward. One of them is related to scalability. Nowadays, retail users that want to send and receive a transaction have to pay very high fees and transactions take a long time to be processed.

However, there are several projects that want to make Bitcoin faster and easier to use. One of them is called the Lightning Network (LN). Several crypto-related companies are already using it in order to make transfers easier and faster.

This could be very useful for users that enjoy playing online casino games or that would like to use Bitcoin on a daily basis for other things such as paying for goods and services.

Another challenge could be related to its energy consumption. Nonetheless, this has been more than addressed by the community, showing the different benefits Bitcoin offers.

Related Posts

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

by firstcryptonews
June 21, 2021
0

China’s latest ban and crackdown on local crypto mining operations has been a nightmare for several Chinese operators. On Saturday,...

Will Twitter follow MicroStrategy’s Bitcoin strategy?

Will Twitter follow MicroStrategy’s Bitcoin strategy?

by firstcryptonews
March 2, 2021
0

Jack Dorsey-led Twitter today announced its intention to offer $1.25 billion worth of convertible senior notes due in 2026. The...

This publicly listed company just bought $2 million worth of Bitcoin for its treasury

This publicly listed company just bought $2 million worth of Bitcoin for its treasury

by firstcryptonews
December 30, 2020
0

Bitcoin has seen an influx of institutional adoption over recent months. As has been covered extensively by this outlet, the...

Bullish For Bitcoin: U.S. Federal Reserve Makes Emergency Rate Cut

Japan CBDC has various hurdles to clear before launch

by firstcryptonews
December 23, 2020
0

The Bank of Japan had prioritized the development of a central bank digital currency in July, however, as...

Over 2,000 vending machines in Australia and New Zealand now accept Bitcoin

Over 2,000 vending machines in Australia and New Zealand now accept Bitcoin

by firstcryptonews
June 9, 2020
0

Over 2,000 vending machines in Australia and New Zealand now accept Bitcoin for Coca-Cola products, according to reports. This is...

No Bitcoin Manipulation: Analyst Defends 2020 Price Surge of 57%

No Bitcoin Manipulation: Analyst Defends 2020 Price Surge of 57%

by firstcryptonews
March 7, 2020
0

As the crypto market awaits the upcoming halving, there are naturally many thoughts about the Bitcoin market. Firstly, there are...

Next Post
Nafter Pancakeswap

Nafter will be Direct Listing on PancakeSwap on Friday, May 14th!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Swiss Rare Token: A Cryptocurrency Platform for Healthcare

Swiss Rare Token: A Cryptocurrency Platform for Healthcare

6 months ago
The Beverly Hills Car Club

Crypto’s New Automobile Collection Is Getting Ready for a Moon Launch

1 year ago
Why Bitcoin May Never Dip to $5,000 Again Despite the Market Turbulence

Why Bitcoin May Never Dip to $5,000 Again Despite the Market Turbulence

3 years ago
Big Black Cock Brings 5,000 Ultra Rare NFT Collection that has the potential to pull a Crypto Punk

Big Black Cock Brings 5,000 Ultra Rare NFT Collection that has the potential to pull a Crypto Punk

12 months ago
$FUNDS The First Cryptocurrency Backed by Real World Lotteries

$FUNDS The First Cryptocurrency Backed by Real World Lotteries

1 year ago
Triple X, an Inclusive Ecosystem with Advanced Features and High Rewards

Triple X, an Inclusive Ecosystem with Advanced Features and High Rewards

6 months ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

January 16, 2023

Press Release

Dominator Domains, a Web3 innovative platform where users can register domains in 3 different blockchains and 10 different domain extensions

Dominator Domains, a Web3 innovative platform where users can register domains in 3 different blockchains and 10 different domain extensions

March 23, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News