Pablo Soria de Lachica on Bitcoin’s Price Response to the Growing Involvement of Large and Institutional Investors
For over a decade now, Bitcoin has fascinated both regular people and investors pursuing the next big thing on the market. Yet, despite commanding headlines, the original cryptocurrency and all the digital coins inspired by it have remained in somewhat of a gray zone, barely scratching the surface of their perceived potential. “While individual investors have helped sustain interest in Bitcoin, the cryptocurrency market has slim chances of becoming a staple of investment portfolios without the support of institutional investors,” comments leading forex broker Pablo Soria de Lachica.“For most of the past decade, most of these investors have been sitting on the sidelines, reluctant to put money into an extremely volatile and barely regulated market. However, they appear to have started changing their position and getting more involved with Bitcoin, which is having a positive impact on the value of…