rows · Top cryptocurrency prices and charts, listed by market capitalization. Free access to . Find live Bitcoin stats, including market price, mining revenue, number of Bitcoin transactions and more. Explore detailed Bitcoin data today. - Blockchain. Bitcoin market status is pseudonymous, meaning that funds are not tied to real-world entities but rather bitcoin addresses. Owners of bitcoin addresses are not explicitly identified, just all transactions on the blockchain are people.
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On-chain demand and other metrics suggest that the rally was driven more by institutional hedge funds, family offices, and money managers.
Hileman expects to see continued buy-in from retail and Wall Street investors going forward, rather than corporates. That's because it is harder for bigger players to participate than professional investors who already have accounts and easy access to major exchanges, he explained. As for the US dollar, the researcher expects the world's most popular reserve currency to be digitized sometime in the next five years. The status quo is working well for the dollar because it is dominant through the SWIFT mechanism and the corresponding banking system, he said.
The US government can also raise debt at attractive interest rates, supporting the dollar's status. But a competitive challenge lies in the crypto space and in the rise of stablecoins. Shalini Nagarajan. Although the bitcoin rally was largely driven by institutional investors, he expects to see continued buy-in more from retail and Wall Street investors going forward. The researcher expects the US to digitize the dollar, but not too soon as he said "the Fed is happy with the way the world is.
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Bitcoin's surge poses no threat to gold's status as the currency of last resort, Goldman Sachs says Shalini Nagarajan. Bitcoin does not a pose a threat to gold 's status as the currency of last resort, according to Goldman Sachs. Speculation by retail investors causes bitcoin to trade as an "excessively risky asset," they wrote.
Gold's recent sell-off is largely tied to a vaccine-driven investment strategy that led investors to buy riskier assets, rather than an abandonment of gold, the bank said. Watch bitcoin trade live here.