Delphi Digital has published a report that reviewed the situation in the digital money industry from both retail and institutional investors.
The situation on the cryptocurrency market has improved significantly in 2019. Bitcoin rises in price over the past five months, and retail investor interest continues to grow, analysts from Delphi Digital stated. The company published a report that examined the situation in the digital money industry according to Forbes.
Among the positive factors, experts named the increase in the number of search queries on Google on the topic of cryptocurrency, as well as the high cost of securities of the investment cryptocurrency-trust of Grayscale company (GBTC). In addition, experts stressed that institutional investors are more actively entering the digital money market, as they saw the potential for its growth compared to traditional asset classes.
“GBTC overpayment has been rising since the sale in the fourth quarter of 2018. This indicates a return of enthusiasm among retail investors after a severe price cut last year. Institutional demand for GBTC is also growing, 75% of Bitcoin trust capital in 2019 came from institutional institutions, ” reads the Delphi Digital report.
The company did not make predictions on the course of the first cryptocurrency. At the same time, analysts recalled that July was historically a successful year for Bitcoin, on average, the price always rose by 10% in the middle of summer.