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Large investors began to buy Bitcoin more often

10/19/2018
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  • bitcoin_growth
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Supporters of the idea of rising cryptocurrency prices are confident that the massive influx of institutional investors will lead to an increase in quotations in the near future. They have reason to hope for just such a development of the situation. According to CME Group Inc, the size of transactions in Bitcoin futures is growing exponentially.


Turnover dynamics

The world's largest derivatives trading platform CME Group reported a rapid growth in trading in Bitcoin contracts. According to it, in the third quarter the average number of contracts per day reached 5031. This is 170% higher than the first quarter, when turnover reached 1854 transactions per day.

Skeptics point out that since the CME Group introduced bitcoin futures only at the end of 2017, this indicator does not reflect the real state of affairs. However, there is another objection to this - an increase of 41% compared to the second quarter, then 3577 contracts were implemented per day.

From this we can conclude that Bitcoin as a financial asset continues to increase in popularity. Demand growth is at record levels, despite the downward trend in cryptocurrency prices

Investors and blockchain

Some experts are confident that already at the beginning of 2019, the price of Bitcoin will exceed $ 10,000. The main argument is the expanding demand from large investment companies. Now the capitalization of all cryptocurrencies is just over $ 200 billion, of which the share of bitcoin slightly exceeds 40%.

For the global market, this is quite a small amount. If large funds and banks begin to show interest in asset growth, quotes can go up very quickly. The following factors contribute to this:

  • legalization of coins;
  • heir recognition by the professional community;
  • the emergence of blockchain experts;
  • Demand that does not fall even during a crisis.

In addition, cryptocoins can be an excellent stabilizing asset during high market volatility. Therefore, supporters of the idea of rising prices have reason to be optimistic

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