About Stuart G. Hall

Making a positive difference one day at a time. #London #Leicester

Three factors driving the bitcoin boom and what could kill it

This looks to be a strong year for bitcoin. But many observers are scratching their head over what is driving the boom. The answer is simpler than you might think.

btc, bitcoin,
(Image via Pixabay)

Bitcoin is setting new records and, despite a slowdown in late January, looks set to continue growing over the course of 2021. From a technical standpoint, this bull-market is following similar patterns to those that have come before. But there is one key difference: institutional investors.

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Why is bitcoin outperforming gold during this bull run?

Institutional capital has flooded into bitcoin to the detriment of gold. Is this the sign of a new normal?

bitcoin gold

(Image via Pixabay)

Crypto investors have a lot to celebrate as 2021 gets started. The BTC ‘bull run’ has continued unabated. If the price predictions of institutional investors are anything to go by, it won’t stop anytime soon. There are a lot of reasons for this.

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