Opinion: Three reasons why Wall Street's big investors are turning to Bitcoin

Big Wall Street investors are investing their wealth in Bitcoin , and their investment will have a significant impact on the Bitcoin market. This will have a significant impact on disruptive technologies. Big Wall Street investors ignored Bitcoin in 2008, but are now turning to Bitcoin investment, probably for the following three reasons:

1. Increased regulations. Big investors never invest in something they don’t understand. This doesn’t mean they can’t understand the concepts behind blockchain or Bitcoin. The main reason is that cryptocurrencies like Bitcoin are not regulated and there is no central authority. So they didn’t want to get involved before. And countries like the United States introduced tax laws and regulations, which is the first reason they have to build trust in speculative investments.

2. The value of Bitcoin has stabilized and is still rising. When Bitcoin was hovering around $19,000 in 2017, many Wall Street investors became interested in it. But after the big drop in 2018, they gave up the idea of ​​investing in Bitcoin. Currently, a new trend is emerging, with Bitcoin hovering around $11,000. As Bitcoin continues to rise and shows good signals after the Bitcoin halving, big players now want to join the rally.

3. The impact of the COVID-19 pandemic. Every investor is looking for alternative investments. The main reason why big investors turn to Bitcoin investment is that they start to consider Bitcoin as a viable investment tool. But they don’t fully trust the Bitcoin market and are just testing the depth of Bitcoin. Once it becomes mainstream, Bitcoin will soar in the next few years.