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❕NEWS Grayscale may cause the next bull run in the bitcoin market

AudraMiller

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Of the last month we have seen limited movement in the price of Bitcoin and since the coin has broken the 40k USD mark it seems that it has been struggling in the mid 30k USD region. It did however go up after the tweet by Elon Musk, only to return to the price that it has been staying at for the last month. Grayscale investments however may be preparing for the next bull run.

According to a recent article, the Grayscale Bitcoin Trust has reached its lowest price since April 2019, which will prompt many more people to get involved in these investments and this could drive up the price. What are your thoughts on this ?
 
I guess you are right but it depends on the volume and size of the investments to cause a real positive movement for bitcoin, if not large enough, it may just help to hold the coin in position with no serious increase in price.
 
It is true that more people is more investment and bitcoin will experience increase in trade volume which will further increase the prize if bitcoin.
 
At least bitcoin has stayed within the $30,000 to $39000 for almost one month, I will not be surprise if there is a bull run in the price very soon and it will be remarkable .
 
I guess you are right but it depends on the volume and size of the investments to cause a real positive movement for bitcoin, if not large enough, it may just help to hold the coin in position with no serious increase in price.
You are right before there's a bullish run there volume pump in must be high enough to cause that. Like in this, this volume must be high to cause a bullish run for btc
 
As it stands now, the bigger investors put in their money and the price rise then they wait for more people to invest then they take off their investment and gains.
 
Of the last month we have seen limited movement in the price of Bitcoin and since the coin has broken the 40k USD mark it seems that it has been struggling in the mid 30k USD region. It did however go up after the tweet by Elon Musk, only to return to the price that it has been staying at for the last month. Grayscale investments however may be preparing for the next bull run.

According to a recent article, the Grayscale Bitcoin Trust has reached its lowest price since April 2019, which will prompt many more people to get involved in these investments and this could drive up the price. What are your thoughts on this ?
The period within which this thread was created was a good period for bitcoin and the other crypto currencies. That means Grayscale could be part of the reasons why this period was very good for the cryptocurrencies.
 
Concerning Grayscale causing the next bull run in the bitcoin market. Well, I beleive it is quite possiblefor it to happen, that is if the investment is really big or large enough to affect or causing a bull run in the price
Either MicroStrategy or grayscale, they invest in bitcoin less than $500 million ,most time I has been $1 billion which is enough to shape the market.
 
I think it has increased to a higher level now and i think the push and rise in price was done by the telsa involvement in bitcoin i think ,
 
I think it has increased to a higher level now and i think the push and rise in price was done by the telsa involvement in bitcoin i think ,
Tesla made the price to boost because the company invested and it resonated other people that were skeptical about the come n.
 
Tesla made the price to boost because the company invested and it resonated other people that were skeptical about the come n.
A lot if people do make use of news to at least predict coin price movement , i think this was what happened in the case of telsa
 

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