Bitcoin: When digital currency is being discussed all over the world, Bitcoin is once again in the headlines. This week Bitcoin has consistently broken all its old records. On Wednesday, its price reached the highest level of ₹ 1,11,970 and crossed ₹ 1,18,780 by Friday. But surprisingly, despite such a big bounce, mangoes ie retail investors are not showing special interest in it.
Bitcoin institution has rapid
According to Bitcoin’s Head of Research, Andre Dragosh, this time the price of bitcoin has increased, the major reason for institutional investment is. He said that “Bitcoin is at its highest level, but the search of ‘Bitcoin’ on Google is still very low.” This simply means that common people are not participating in this rally right now.
According to Bitcoin Google Trends, the bitcoin search was seen by just 8% between June 29 and 12, while the search was 60% more in the second week of November after Donald Trump won in 2024. Even at that time, Bitcoin had jumped to the cross of ₹ 1 lakh.
Do common investors think that the opportunity missed
Bitcoin many crypto experts believe that common people now consider bitcoin so expensive that they feel that they have lost the opportunity. According to Bitcoin commentator Lindsay Stamp, “When people see that the price of bitcoin is ₹ 1.17 lakhs, they think that now there is no benefit of entering it and leaves without thinking.” At the same time, ‘Bitcoin Matrix’ podcast’s host Sedric Youngelman also said, “When will the common investors wake up? Perhaps it will be too late.”
Bitcoin rally is not over yet
Onchen analyst Willie Wu believes that this race of bitcoin is not over yet. He said, “There is still a lot of power in this rally.” And when we see the figures, we see weight in their point. Only this week, Bitcoin Spot ETF has a record of ₹ 2.72 billion, which is a record in itself.
Will retail investment come from ETF
Bitcoin, however, according to cointelegraph report, if the end holder of the ETF share is a retail customer, the meaning of onchain data can change. That is, it is possible that common investors are coming to bitcoin through ETF but are not directly participating in the market.
Bitcoin has once again proved that it is not just a currency, but an emotional investment, which keeps swinging between trust and risk all over the world. But while the institutions are moving forward by recognizing this opportunity, the common people are still waiting, may not be too late.
Disclaimer: This article has been written only for the purpose of information. Do not consider any information given in it as an investment advice. Investment in Crypto currency is subject to market risks, before investing, consult your financial advisor.
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