Large Retail Investors See an Opportunity in Bitcoin Despite Price Decline

The bitcoin price has been on a decline since January, and analysts believe the mid-term correction of bitcoin was caused by the massive sell-off by Fortress and Mt. Gox trustee. Still, retail investors are seeing a good opportunity to enter the cryptocurrency market. Institutional Demand Throughout its 10-year history, bitcoin has had many major corrections. The recent decline from $19,000 to $6,000 was the third worst correction to date, recording a 72 percent drop in value. History shows that bitcoin has always been able to recover from its major corrections…

Read More