Bitcoin Eyes 10K On General Bull Market

Today, bitcoin is nearing its former price of $10K, according to CoinmarketCap, leaving behind the bearish results of the first quarter and remembering the last December, when it touched prices of more than $17K. This was expected and even prognosticated since the start of the second quarter, when most crypto experts and investors betted on a positive run of the cryptocurrency market.
Yesterday, Brian Kelly, a cryptocurrency enthusiast, and investor addressed the recent bull run that took bitcoin to relevance again and pointed a major reason that for him, is responsible for this increase in the price right now. The materialized interest of traditional investment firms on cryptocurrency: even Goldman Sachs, that first bashed bitcoin by stating that it was a vehicle for fraudsters last year, now has changed face and now will offer cryptocurrency related investments instruments, such as derivatives and future; this goes to show that investors are very interested in bitcoin and that there is a demand that cannot be denied.
But it is not bitcoin as an investment option only, adoption has also risen vertiginously and now there are multiple choices of payment processing providers that actively support bitcoin as a payment option. Coinbase, one of the most prolific wallet providers, started offering its payment plugin called “Coinbase Commerce” that lets any business accept crypto payments easily on any web platform. Other companies, like Bitpay, also offer this kind of services.
The truth is that having a firm grasp of 36% of a market that moves more than 25 billion dollars a day, there is no way of ignoring bitcoin right now. And, most investors are planning to ride on bitcoin, if they are not riding on it already. This bull run has brought bitcoin to the spotlight again, and our only hope is that it will stay there for long.

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