The recent wild price variations of Bitcoin have been caused by a few investors who initiated massive transactions. Called otherwise “whales,” these are people who have amassed substantial amounts of BTC and speculate on market variations that they themselves create.
It is reducing the average investor’s confidence, and it is keeping Bitcoin value stuck below $ 10,000. Experts continue to be optimistic about the trend of the major cryptocurrency.
Professional investment funds continue to expand their adoption of Bitcoin and other digital assets in their portfolios.
We see exciting activity in the wallets and payments platforms area, while Facebook Libra looks more and more dead on arrival.