Opinion: the Current Bitcoin Bull has Turned to Small and Medium Investors as the Leading Trend
[ChainDD report] January 5 (ChainDD) William, the chief researcher of OKEx Research Institute, believed that the recent rapid rise of bitcoin price did involve speculation and hype, but the direct reason was that high-net-worth investors and institutional investors had begun to enter the cryptocurrency market.
Besides, he noticed that the current Bitcoin bull was initially lead by institutions, but now there was a trend towards turning to small and medium-sized investors. The excitement of the market was further amplified, pushing the price of Bitcoin to rise rapidly.
William reminded young and ordinary investors that they needed to remain rational and correctly in mind, recognizing that Bitcoin was an asset with high risk and its price fluctuated greatly. Therefore, it was not necessary to increase leverage easily, otherwise it would further amplify investment risks.