Report: Bitcoin BTC Futures Trading Approaching All-Time High in May

Report: Bitcoin (BTC) Futures Trading Approaching All-Time High in May

According to a new report published by The Block, the month of May is on pace to set a new all-time high in Bitcoin futures trading for the CME Group.

In a note sent to clients on May 21, the Chicago-based firm and backer to one of the largest Bitcoin futures trading exchanges, claims that May is “shaping up to be the strongest month ever for CME Bitcoin Futures.” The firm also reports a record day of trading on May 13, with 33,677 contracts being traded for the equivalent of $1.3 billion in BTC. Daily volume for Bitcoin future trading has also spiked during the month of May to 14000, up from 9900 in April.

CME Group continued,

“Since launch in December 2017 we have traded over 1.6MM contracts (+8MM equivalent bitcoin) representing over $50BN in notional value ($4.2BN per month).”

Beyond daily volume for futures trading, new account creation is also on the rise for the group. CME reports that the number of accounts for Bitcoin futures trading has climbed to an all-time high 2500, which the group interprets as a booming desire for traders to hedge on the risk of BTC,

“The number of unique accounts continues to grow showing that the marketplace is increasingly using BTC futures to hedge bitcoin risk and/or access exposure.”

Despite the seemingly bullish market for Bitcoin and cryptocurrency, with the price of BTC up close to 100 percent since the start of April, traders remain divided over the future valuation for the coin. BTC Futures, such as those offered by the CME Group’s exchange, have become a popular alternative for traders looking to speculate on the market movement for Bitcoin. Futures contracts have long been one of the more dominant products for the traditional financial markets.

Users can open long or short positions on BTC futures, depending upon where they see the price of the currency moving. With Bitcoin hovering near the $8000 mark for its second day in a row, both the bears and bulls are holding their breath over the next price movement for BTC. Some analysts are now calling for the currency to fall back to $6K before making another run at the all-time high. Considering the massive gains and bullish rally Bitcoin went on since the start of April, after more than 12 months of declining price and ‘crypto winter,’ some investors are anticipating a correction.

However, others see Bitcoin entering a perfect storm of market conditions for renewed investment. Given the economic uncertainty being generated over deteriorating negotiations between President Trump and President Xi, a looming U.S.-China trade war has bullish indicators for the price of cryptocurrency.

In addition, the mounting adoption of cryptocurrency by major industry players such social media giant Facebook and investment bank JP Morgan Chase have given a vote of confidence for BTC that was not present during 2017’s bull run. While FOMO will continue to drive the price of crypto, in both directions, the growing futures market provides another avenue for would-be speculators.

Original article written by Michael Lavere and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Buying Bitcoin BTC Is Investing and Saving for Retirement

Buying Bitcoin (BTC) Is Investing and Saving for Retirement

When talking about retirement investments, people usually focus on stocks. However, Bitcoin is proving to be a better retirement investment asset, even ahead of stocks, commodities, and other traditional investment vehicles.

BTC Perception Is Improving

Bitcoin’s popularity continues to grow all over the globe, despite the current bear cycle still keeping prices down. A research carried out by Blockchain Capital Blog earlier last month shows that Bitcoin awareness, familiarity, perception, and conviction have increased over the past two years.

According to the research results, the percentage of people that have heard of Bitcoin rose from 77 percent in October 2017 to 89 percent in April 2019. Also, the percentage of people that are familiar with Bitcoin is up from 30 percent in October 2017 to 43 percent in April 2019.

Then again, and this is not surprising, the perception of Bitcoin amongst ordinary citizens is changing for the better. In 2017, 34 percent of the people surveyed believed that Bitcoin is an innovative technology. That figure is now up, increasing to 43 percent in 2019. However, what’s interesting is that more people are convinced that Bitcoin will find more utility in the next decade.

The survey further reveals that more people are open to purchasing Bitcoin now than they were in 2017, with the percentage rising from 19 percent in October 2017 to 27 percent in April 2019. The fact that the younger generation finds Bitcoin more appealing shows that the world’s most valuable asset has the potential to become an investment tool for decades to come.

Bitcoin Is Excellent As a Retirement Investment Tool

Therefore, it is not odd that as the popularity of Bitcoin increases, analysts are convinced that the coin—with superior ROI can, after all be an alternative asset for retirement investment. As a matter of fact, Jason A. Williams, the co-founder, and partner at Morgan Creek Digital, revealed that more people are saving Bitcoin for their retirement.

In a tweet he says:

“1 BTC is $7,000 today, but less than 1 in 3 Americans has more than $5,000 saved for retirement. Always pay yourself first. Buy Bitcoin!”

This statistics is an impressive considering the current state of Bitcoin and the regulatory challenges the community continues to face. Williams further added that “the numbers tell the story. They always do. Bitcoin tells its story in numbers and math. Trust in numbers.”

The cryptocurrency expert is right in his comments. When comparing the growth of Bitcoin against traditional investment vehicles over the past decade, it is clear to see why the younger generation is turning to BTC at this time.

Over the past fifteen years, the NASDAQ top-100 has given a total return of over 500 percent while the S&P 500 has given 254 percent. In the same period, commodities dropped by 34 percent. On the flip side, Bitcoin rallied 1,950 percent. This year alone, Bitcoin gains exceed 100 percent. All this is after last year’s crypto winter that saw the asset tumble 75 percent allowing for attacks. But even so, Bitcoin did outperform almost all traditional assets like Gold adding 58 percent year on year outperforming S&P and other traditional indices. It is because of that that Bitcoin could be a great retirement investment option.

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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The Wait Is Over Bitcoin BTC Is Now Mainstream

The Wait Is Over, Bitcoin (BTC) Is Now Mainstream

In 1918 Nicholas Klein addressed the Amalgamated Clothing Workers of America in Baltimore with a quote that best describes Bitcoin’s current journey to mainstream adoption. He said,

“And, my friends, in this story you have a history of this entire movement. First, they ignore you. Then they ridicule you. And then they attack you and want to burn you. And then they build monuments to you.”

No one is building monuments to Bitcoin yet, because those who initiate such projects are busy attacking and looking for ways to ban and burn Bitcoin.

Congressman Bradley Sherman, for instance, has proposed a bill that seeks to outlaw crypto trading in the U.S. He called on Congress to “nip this in the bud,” which apparently, is not the first opposing stance the congressman has taken against digital currencies.

Sherman reasoned that “… an awful lot of our global power comes from the fact that the Dollar is the standard unit of international finance and transactions. Clearing through the New York Fed is critical for major oil transactions.”

Well, Bitcoin Will Nip Global Economy Manipulation in The Bud

Sherman goes on to add that “… it is the announced purpose of the supporters of cryptocurrency to take that power away from us, to put us in a position where the most significant sanctions we have on Iran, for example, would become irrelevant.”

In those few words, Mr. Sherman illustrates to the Congress why Bitcoin has such utility and actual value and why its mass adoption has become unstoppable. The manipulation of global politics via the Dollar is something crypto is going to make a thing of the past.

Elsewhere the Winklevoss twins’ Gemini and Flexa a startup focused on payments are in a partnership that could open wide the doors of crypto use in mainstream commerce. Flexa’s crypto app Spedn has been integrated into the payment scanners of big-name retailers such as Barrel, Crate, Whole Foods and Nordstrom.

In a statement, Flexa CEO Tyler Spalding said:

“This is the first real instance of decentralized global retail payments, with the power to make commerce more efficient and accessible for billions of citizens globally. The legacy payment systems are complicated and costly. This solution provides a way for cryptocurrencies to solve these problems and allow merchants to conduct inexpensive and fraud-resistant transactions.”

This will help crypto owners to pay for goods using Bitcoin, Ethereum, Bitcoin Cash or Gemini Dollar. The real-time payment interface will pay merchants in fiat or crypto as per their choice. Thanks to Flexa’s ecosystem, merchants will no longer have to worry about real-time transaction clearances that once hampered crypto purchases.

Legacy Financial Institutions Massive Moves for Bitcoin

Bitcoin prices are still on the rise, with their value now at 8,106. As more institutional investors set their sights on Bitcoin, the bull run of the season might be on. Massive Wall Street Wheeler-dealer Intercontinental Exchange application to the U.S. Commodity Futures Trading Commission (CFTC) for their Bitcoin Futures approval looks imminent as “User acceptance testing for Bitcoin futures custody and trading planned for July.”

Bakkt’s operations have been hampered by a multitude of regulatory hurdles, but the firm has its eyes now set on July as its launch date. Giant financial services firm Fidelity Investment’s crypto trading platform is also in the pipeline. The platform is expected to be rolled out “within a few weeks” sources say. Fidelity’s platform is eyeing institutional investors interested in Bitcoin investments.

Original article written by Dalmas Ngetich and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Who feels stuck in life?

Feeling stuck in life from time to time – is a part of being human.  Yet, if one dwells on being stuck one will remain stuck. Thus, you need to accept feeling stuck as an opportunity to regroup and revitalize. What you focus on is what you will experience. 

Furthermore, the good news is there are steps you can take to end stagnation, be more productive and move towards your goals faster than before!

Whether you find yourself in an exercise slump, relationship rut, a career funk, or business funk remember that you are far more powerful and empowered than any circumstance, situation or condition you may face.

Stagnation will be short-lived when you decide to make changes for the better.

These changes will give you direction to get out of being stuck. 

1. Release the past. 

Listen to the stories you tell yourself. Are you ruminating about past events? Are you unable to forgive yourself for mistakes? Are you blaming yourself or others for things that did not turn out the way you intended? Ask yourself why you are stuck on those memories, and what you can learn from them, thank them for teaching you, and move forward. You can't undo the past, but you can choose to learn from the past and to create peace. Forgiving yourself or others is a way to let go and move on.

2. Change your perspective. 

When you release the grip of the past, you will see your reality in new ways and feel freer to change your attitude. To gain a new perspective, meditate or spend time alone and listen to your inner voice. If you can, take a break from your daily routine to clear your mind and get distance from your current situation. Open yourself up to new people and ideas, and introduce regular physical activity into your routine. All of these changes will assist you to gain a new perspective and new possibilities.

3. Make small changes. 

People often think they need to make huge changes–turn the place upside down or throw everything out and start over.  On the contrary, making the right small changes make a huge difference. Change stimulates the brain that will improve creativity and clarity of mind. Start by changing your daily routine, moving things in your home, reengage with friends or make new friends. Every choice matters. You might be tempted to skip the little things because they don't seem important at the moment. However, an accumulation of small changes will assist you to accomplish your goals more effectively and efficiently, and you will become unstuck.

4. Explore your purpose. 

Your life purpose is not just your job, career, business, your responsibilities, or your goals—it's what makes you feel alive. These are the things you are passionate about and will fight for. Examples of a life purpose could be:

  • Helping others reach their full potential.
  • Growing within yourself.
  • Protecting animals from cruelty.
  • Engaging in a new hobby.
  • Exploring nature–include all elements (air, fire, water, soil).

You may need to change your life purpose if it no longer inspires you. Or, if you sense your chosen purpose has been fulfilled, this is a great time to choose another. Ask yourself the following questions as you consider your life purpose:

  • What do I enjoy doing for fun?
  • What are my favorite things to do?
  • What have I thought of doing and haven't?
  • When do I enjoy doing so much or become so committed to something that I lose track of time?
  • Who or what inspires me the most, and why?
  • What prompts me to feel good about myself?
  • What am I good at?

5. Believe in me. 

I trust myself that I can reach my expectations and move out of my comfort zone. Make a list of my strengths and positive traits, and remember what I am capable of. Many people sabotage their own progress—consciously or unconsciously—as a result of deep-seated fears and limiting beliefs. Ditch all fear and limiting beliefs. As the cliche goes–Fear is only False Evidence Appearing Real.  In fact, you create your fear, there is nothing to fear. Of course, there are reasons to avoid things, like stepping into a rattlesnake den, free fall off a building, but you don't need to fear snakes or heights in order to be mindful to make appropriate decisions to keep yourself safe. 

The first step to believing in yourself is to recognize your self-doubt. Pay attention to the ways you react to situations. Then you can work to reframe your self-doubt. Limitations like, "I can't", "I don't know", "What if…?" can be replaced with, "I can do it, I'll work on it," or "I will learn how." Another way to instill confidence in your abilities is to write down your past successes and keep the notes on hand when you need proof that you can do things that are challenging or new.

6. Practice Trust and Faith. 

Trust and Faith are the most powerful and empowering mindsets possible. Maybe you have had many disappointments that prompted you to feel helpless and hopeless. Maybe you are experiencing protective pessimism. You need to listen to what you say to yourself–when you hear yourself say, limiting comments or pessimistic words change to optimistic thoughts. Find a practice, such as mindfulness, meditation, affirmation, or reading inspirational articles/books regularly. Trust and Faith are a birthright. Everyone has the right to set forth Trust and Faith. Remind yourself to stay focused on Trust and Faith moment to moment all ways. 

7. Consider working with a professional–Holistic Mentor/Coach or a Mental/Emotional Healing Practitioner. 

If you discover you are unable to change unhealthy thought patterns, working with a Mental/Emotional Healing Practitioner to assist to you to discover why you are stuck and to find ways to get unstuck is more cost effective and practical than struggling. Being stuck can be debilitating beyond only feeling stuck; having professional support as you work to change long-established thinking patterns can be tremendously freeing and liberating. Asking for assistance can be the most hopeful and powerful step you can take.

This moment is the first moment of the rest of your life. Are you willing to take the steps required to claim your happiness, success, fulfillment, and enlightenment? Will you take advantage of the opportunity to create a new reality for your life? 

It's time to SHIFT and get prepared for what's coming up for your life… so I want you to put your heart and soul into paying close attention to how much mental, emotional and physical pain you are in. Then, step by step you can make the SHIFT gently, easily, and without having to deal with the mental and emotional pain and stress of not knowing what to do, not feeling your best, and all the other OLD WAYS that are holding you back. 
 
I want your daily feeling of being overwhelmed to be replaced with a feeling of freedom throughout your day. I look forward to giving you the tools to help you conquer the every-day fears that hold you back. Here’s to living your dream life NOW. 

There is no shame in asking for assistance to create happiness and success. If you have read the books, taken workshops, had psychic readings, taken prescriptions, and OTC drugs, etc. and still struggle; you might have emotional blocks preventing you from moving into your happiness and desires. 

You might need to ask for assistance to clear out the self-doubt, fear, guilt, shame or unworthiness. 

Here’s to living your dream life NOW. 
There is no shame in asking for assistance to create happiness and success. If you have read the books, taken workshops, had psychic readings, taken prescriptions, and OTC drugs, etc. and still struggle; you might have emotional blocks preventing you from moving into your happiness and desires. 

This is an investment in your health, happiness, success, fulfillment, and empowerment. Following the principles in this process will change your life forever and I want you to experience it yourself as soon as possible. Remember only you can take care of your happiness and mental, emotional, physical health and professional success.

 

You can do it!  Call me if you need assistance to overcome any blocks or sabotaging behaviors! 

For your convenience, I offer a 20-minute FREE no-obligation phone conversation to answer your questions and discuss how you can discover and create personal and professional success. http://drdorothy.net And you will receive value in the 20-minute conversation. 

 About Dr. Dorothy: 

Dorothy M. Neddermeyer, Ph.D., Metaphysician – Certified Hypnosis and Deep Healing Practitioner, International Best Selling Author, and Speaker. Dr. Dorothy facilitates clearing blocks, fears, and limiting beliefs. You can live the life you desire. She brings awareness to concepts not typically obvious to one's thoughts and feelings. https://www.drdorothy.net

Reposted on Markethive by Jeffrey Sloe. Visit my Markethive site and sigup for FREE to receive 500 crypto coins.

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So Much for 6000 Resistance Bitcoin BTC Price Dominance Reaches Sixteen Month High

So Much for $6000 Resistance, Bitcoin (BTC) Price Dominance Reaches Sixteen Month High

After a week of bullish price movement, U.S.-based investors awoke May 11 to the sight of Bitcoin up 8 percent, approaching a relative high of $7000.

Despite April’s bullish turn in the crypto markets, analysts were calling for substantial resistance in BTC surmounting $6000. In November 2018 the price of Bitcoin plummeted from the market uncertainty of the BCH contentious hard fork and general investor fatigue. Retail investors fled the crypto markets in droves, cashing out at a loss. The remaining investors were thought to pose tough resistance for Bitcoin eclipsing $6000, marking the point where traders could recoup on losses incurred in the sudden plummet.

Instead, the price of Bitcoin has smashed the $6K mark and continued steadily towards $7000. Some analysts are calling for even greater price gains ahead, with the bullish sentiment and overwhelming effect of FOMO at a near-high not seen since 2017’s epic price rally. Others are pointing to the coin in danger of being overbought, after more than doubling in price since the start of the year and generating a near-continuous upward climb since the beginning of April.

Facebook, for what it’s worth, has played a role in the renewed interest in the crypto markets. While Bitcoin had likely reached a point of being oversold, falling close to 90 percent from it’s all-time high, the social media goliath has injected confidence and renewed interest in the industry. Prior to 2019’s string of adoption for cryptocurrency, which includes Wall Street bank J.P. Morgan Chase, retail giant Rakuten and Facebook, the industry was in danger of suffering from the backlash of 2018’s ‘crypto winter.’ Developers and crypto enthusiasts may have remained bullish on the outlook for the technology, but outside investors remain wary.

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Facebook’s show of confidence in digital currencies has brought the interest of both institutional and retail investors, giving crypto a base that extends beyond 2017’s constant news headline of Bitcoin as an empty “get rich quick scheme.” Investors are finding more reason to be bullish on the long-term prospect of cryptocurrency, as opposed to cashing out at the first sign of market downturn. The Facebook Coin may eventually come to compete with BTC, as some analysts have predicted, but the more likely situation is synergistic for the price of Bitcoin due to increased exposure.

Compared to the price rally of 2017, this year’s bullish turn for cryptocurrency could receive a substantial boost from the foundation of adoption that has been slowly built over the last sixteenth months. Investors are responding to the belief that Bitcoin will continue to lead cryptocurrency, with the number one coin by market capitalization also achieving an increase in market dominance. BTC’s >58 percent market dominance is at its highest point in sixteenth months, dating back to the last bull rally of December 2017.

Altcoins might be making a general resurgence on the day, but investors are clearly putting their confidence in BTC as the coin that will continue to lead throughout the rest of the year.

Original article written by Michael Lavere and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Brave is Gaining a Lot of Traction and May Soon Dethrone Google Chrome

Brave is Gaining a Lot of Traction, and May Soon Dethrone Google Chrome

Brave has become the most popular browser of the crypto community. It was able to conquer this demanding audience thanks to its philosophy of using blockchain technologies to change the way we conceive the entertainment and content distribution industry.

However, the rest of its features are so attractive that Brave not only grew within the community: It is already one of the Top 3 mobile browsers with the most downloads at a global level.

Recently, Brave even dethroned Google Chrome from its privileged position as the second browser on the list for a brief period of time. Right now, both apps are competing for the silver medal, although neither has so far been able to be a dangerous competitor to Mozilla Firefox.

BAT: The Cryptocurrency that “Measures” How Popular Brave is

Basic Attention Token is a cryptocurrency developed by Brave to be used as a mechanism for transferring value through the browser. The idea is to reward users for viewing content while rewarding creators for their work, leaving aside intrusive practices such as unauthorized advertising, data tracking, etc.

Throughout the year, Basic Attention Token (BAT) grew as fast as its parent company’s browser. The fact that it was listed by Coinbase and Circle strongly stimulated its trading, increasing its marketcap, however, it is currently experiencing an important correction that could take its value to levels close to the band of 0.25 – 0.30 USD per token.

 

Dissenter: The New Competitor That Ditches BAT in Favor of BTC

To comply with its philosophy Brave Browser intends to use Basic Attention Token. This altcoin is very popular, not only because of its philosophy but also because it provides great profit opportunities for traders.

However, not everyone agrees with this idea. Many BTC maximalists dislike using altcoins, so they would have preferred the popular browser to be powered by the undisputed crypto King: Bitcoin (BTC).

For this group of people, the GAB team developed Dissenter browser, a Brave fork that eliminates certain unnecessary features, while leaving the best of the browser.

The controversy around this browser arose after the founder of Brave attacked Dissenter’s team because the idea of removing BAT didn’t seem very pleasant. He also accused the GAB team of plagiarizing his technology, alleging that this browser has no reason to be.

For its part, the Dissenter team reminded Brave’s CEO that his browser is another fork of Chrome, which is a fork of the open source project “Chromium”.

So far the future of these Browsers, although uncertain, seems very promising, and despite the polemics, one thing is certain: The crypto-browsers are here to stay (no matter what token they use).

Original article written by Dalmas Ngetich and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Wealthy look to increase cryptocurrency exposure

Wealthy look to increase cryptocurrency exposure

BY PAUL SKELDON ON 3 MAY 2019

More than two-thirds of high-net-worth individuals will be invested in cryptocurrencies in the next three years, reveals a new global poll.

Carried out by deVere Group, one of the world’s largest independent financial advisory organisations, the survey shows that 68 per cent of poll participants are now already invested in or will make investments in cryptocurrencies, such as Bitcoin, Ethereum and XRP, before the end of 2022.

The 700-plus respondents are clients who currently reside in the U.S., the UK, Australia, the UAE, Japan, Qatar, Switzerland, Mexico, Hong Kong, Spain, France, Germany and South Africa.

High net worth is classified in this context as having more than £1m (or equivalent) in investable assets.

Nigel Green, founder and CEO of deVere Group comments: “The research shows that wealthy individuals are increasingly seeking exposure to cryptocurrencies.

“There is growing, universal acceptance that cryptocurrencies are the future of money – and the future is now. High net worth individuals are not prepared to miss out on this and are rebalancing their investment portfolios towards these digital assets.

“Crypto is to money what Amazon was to retail. Those surveyed clearly will not want to be the last one on the boat.”

Besides FOMO – the Fear Of Missing Out – Mr Green believes there are five main drivers for high-net-worth individuals’ surging interest in cryptocurrencies.

He explains: “First, cryptocurrencies are borderless, making them perfectly suited to an ever globalised world of commerce, trade, and people. Second, they are digital, making them perfectly suited for the increasing digitalization of our world, which is often called the fourth industrial revolution.

“Third, they provide solutions for real-life issues, including making international remittances more efficient, and help bank the world’s estimated two billion ‘unbanked’ population.

“Fourth, demographics are on the side of cryptocurrencies as younger people are more likely to embrace them than older generations.

“And fifth, institutional investors are coming off the sidelines and moving into cryptocurrencies, bringing their institutional capital and institutional expertise to the crypto market.”

The deVere CEO’s optimism comes as Bitcoin, the world’s dominant cryptocurrency, has registered a five-month high on Friday, reinforcing the view put forward by its recent upswing towards bullish territory.

Green recently told the media that he believes that Bitcoin will imminently test the crucial $6,000 price support, building confidence on the wider cryptocurrency market.

He added: “Once this confidence is in place, the sky is the limit for cryptocurrencies, which are increasingly accepted by both retail and institutional investors as the future of money.”

Of the latest HNW survey on cryptocurrency exposure, Nigel Green concluded: “The global poll underscores a justified international surge in crypto-optimism.”

Original article written by Paul Skeldon and posted on the telemediaonline.co.uk site.

Article posted on Markethive by Jeffrey Sloe

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Wealthy Individuals and Institutions Will Likely Fuel The Next Crypto Bull Run

Wealthy Individuals and Institutions Will Likely Fuel The Next Crypto Bull Run

Many embattled crypto investors who have watched a significant amount of value disappear from their crypto investments over the past year are increasingly keen on discovering what factors may help lead the crypto markets back up to their previously established all-time-highs.

One major group that investors are closely watching are institutional investors, including pensions, endowments, and family offices, but another group that should be closely watched are high-net-worth individuals, who are increasingly growing interested in the nascent markets.

Survey: Wealthy Individuals Are Looking to Increase Exposure to Crypto in Coming Years

A recently conducted survey by deVere Group, an independent global financial consultancy organization, yields some data that could be deemed as being bullish by investors, as it signals that a significant amount of high-net-worth individuals may soon foray into the crypto markets.

The survey, which gathered data from over 700 respondents in major countries across the globe, found that 68% of participants are either already invested in the crypto markets, or will make investments in either Bitcoin, Ethereum, or XRP, before the end of 2022.

Nigel Green, the founder and CEO of the deVere Group, spoke about the results of this survey, bullishly noting that the growing universal adoption of cryptocurrencies is leading high-net-worth investors to have a sense of FOMO (fear of missing out).

“There is growing, universal acceptance that cryptocurrencies are the future of money – and the future is now. High net worth individuals are not prepared to miss out on this and are rebalancing their investment portfolios towards these digital assets,” Green explained, further adding that “Crypto is to money what Amazon was to retail.”

Institutions Are Also Warming Up to the Nascent Cryptocurrency Markets

Another recently conducted survey that focused on institutional investment groups also produced some data that is positive for embattled crypto investors.

This survey, which was conducted by Fidelity Investments in an effort to procure comprehensive data that can help guide their burgeoning digital assets venture – dubbed Fidelity Digital Assets – found that roughly half of institutional investors do consider crypto worthy of being added to their portfolios.

“Almost half of the institutional investors surveyed (47%) view digital assets as having a place in their investment portfolios, but opinions vary on how these investors would prefer to hold digital assets in the future,” Fidelity explained, adding that 76% of respondents deemed security as their top priority when considering custodial solutions.

When taking into consideration the fact that both institutions and wealthy investors are growing increasingly comfortable with investing in cryptocurrencies, there does appear to be a strengthening case for an imminent bull run, with a surge in fresh capital fanning the flames that may ultimately send the markets into a parabolic ascent.

Original article written by Cole Petersen and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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