Traders and investors in digital assets have always had to endure as law enforcement, and other government agencies have bad mouthed the crypto market and the assets in the market. The reason is not far fetched; most of them have this unshaken belief that digital assets can only be used to carry out illegal activities, hence the stigma.
With things now evolving across sectors and major businesses accepting payments via digital assets, one can notice that the stigma has been on a decline with more people pushing to enter the crypto space. Even though presently, the total number of people who thy adopt crypto is not that much across the globe, experts have forecasted that the figure is expected to skyrocket in the coming years.
Bitcoin has seen a 270% rise since Black Thursday event
Various investors and traders have always wished they had dabbled into digital assets earlier than they did or bought more at the time that they did, which is always when Bitcoin or other digital asset sold for less. One of such people is founder of the famous London based investment firm, Blue office. Christian Armbruester says he wishes that when he bought the leading digital asset, he had bought a massive amount.
Even though Armbruester once dealt in various metals and manufacturing, he now holds a belief that digital assets should have a place in the portfolio of any serious businessman. In the span of eight months from when Bitcoin underwent a massive decline that saw the digital asset lose half its price, it has seen a gain of around 270%.
Armbruester noted that he bought his assets at that period, and even though he has enjoyed profits, he still feels that there is still much profit to gain from the leading digital asset. “This phenomenon has shown that people are presently rushing to get massive gains in a field that has promised massive returns by showing it over the years since it was launched,” Armbruester said.
Major investors now Bitcoin proponents
With Armbruester who manages about $670 million worth of investments for his family at the Blue Family Office backing Bitcoin to succeed, this is a sign that other investors that have once been aversed to the digital asset might be secretly backing it to succeed. Also, Armbruester is not the only high-value investor that has pooled his funds into the digital asset, Ricardo Salina Pliego, a Mexican billionaire and investor has also liquidated 10% of his asset and used it to buy Bitcoin.
Other famous investors that have shown support towards Bitcoin also include Paul Tudor Jones, Stanley Druckenmiller and Bill Miller. Another milestone was achieved for the digital assets as Rick Reider told about 874,000 viewers watching him on CNBC’s interview that Bitcoin is not going anywhere. One thing that this has shown us is that even though Bitcoin is largely untested against other big markets, it has done well enough over the years for people to show interest.
Another thing that has been considered is the reaction of investors towards this year’s bull market and the one that occurred in 2017. While investors actively participated this year, most of them were watching from the sidelines in 2017.
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