Below is a sampling of comments from cryptocurrency analysts and other financial experts on how a pullback might look, and what might cause it. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups.
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Demand from institutional buyers, many of them eyeing bitcoin as a hedge against inflation. Big asset managers including Tudor Investment and Guggenheim Partners have announced bitcoin purchases or wagered on prices using futures contracts on the Chicago-based CME exchange.
Even old-line Wall Street firms such as Morgan Stanley have weighed in with bullish pronouncements. Along with all of this, the confidence showcased by large institutional players by both their offering of crypto-related products as well as blatant investment into Bitcoin speaks volumes.
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Personal Finance. Your Practice. Popular Courses. News Cryptocurrency News. Table of Contents Expand. Inflation and the Lowering Purchasing Power of the Dollar. The Halving. Institutional Adoption. Key Takeaways Inflation and the lowering purchasing power amidst massive stimulus spending is driving people to store-of-value assets, including Bitcoin.
Bitcoin's mining reward halving mechanism further proves its scarcity and merit as a store-of-value asset. Institutional adoption as both an investment and as a service they can provide shows strong confidence in the future of Bitcoin and cryptocurrency.
The infrastructure built around cryptocurrency and Bitcoin has shown immense maturity over recent years making it easier and far safer to invest than ever before.
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Partner Links. What Is Cryptocurrency? A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit because of this security feature. Bitcoin is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments. Bitcoin Mining Breaking down everything you need to know about Bitcoin mining, from blockchain and block rewards to proof of work and mining pools.
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