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Home Cryptocurrency news

From Banks To Funds To Brokers, Everyone Outside of Crypto Is Talking Bitcoin Today

Tony Spilotro by Tony Spilotro
2 years ago
in Cryptocurrency news, Bitcoin
Reading Time: 3min read
From Banks To Funds To Brokers, Everyone Outside of Crypto Is Talking Bitcoin Today
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After Bitcoin’s meteoric rise to its all-time high price of $20,000 back in December 2017, the first ever cryptocurrency has given investors, traders, and mainstream media more than enough reason to criticize the crypto, call it a bubble, and point to severe losses as reason for why the asset would die a slow death. It has caused many to write off the asset entirely, and much of the hype surrounding crypto and blockchain has since faded.

However, following an extremely powerful rally in Bitcoin last night, the king of cryptocurrencies has the entire world talking again, from “banks to funds to family offices to brokers” and more. With Bitcoin price back in the limelight, the resurgence in interest could send the price of the leading crypto by market cap back into the stratosphere.

Bitcoin Making Headlines On Major Media Outlets Once Again

Never underestimate the power of mainstream media. Headlines influence behavior and decision making, and the constant headlines of Bitcoin price reaching new heights in 2017 took the world by storm.

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Related Reading | Analysts: Bitcoin Price (BTC) To Revisit $20,000 in March 2021

But since then it’s been a rocky road, and a long, arduous bear market has beaten and battered even the most hardcore of Bitcoin bulls. Enthusiasm surrounding Bitcoin has all but vanished from the crypto market. However, a recent overnight rally that broke important resistance levels has the entire world outside of the cryptocurrency space talking about the BTC for the first time since its highly-publicized parabolic advance, and it could help it reclaim its fame.

Everybody outside crypto is talking about bitcoin today.

From banks to funds to family offices to brokers.

— Alex Krüger (@krugermacro) April 2, 2019

According to New York-based trader and economist Alex Kruger, “everybody outside of crypto is talking about bitcoin today.” “From banks to funds to family offices to brokers,” he added.

A quick Google search backs up these claims, and every major mainstream media outlet from Bloomberg, to New York Times, to Wall Street Journal, to Yahoo Finance and every publication in between features headlines on Bitcoin. Even tech sites, such as Gizmodo, are reporting on the massive Bitcoin rally to $4,800. Twitter and other social media platforms are also echoing talk about Bitcoin’s powerful surge.

Media Blitz Could Kick Off a New Crypto Bull Run

The headlines are becoming the subject for water cooler talk amongst investors and traders everywhere. The same public that watched as Bitcoin skyrocketed to $20,000 are now learning that Bitcoin broke through downtrend resistance that could signal the bear market is over, and a new bull run could begin. Smart money has been and will continue to accumulate BTC at these low prices.

Related Reading | Poll Reveals Majority of Crypto Investors See Bitcoin Price at $100,000 to Millions Long-Term 

As Bitcoin continues to rise from here, each time it breaks through major price levels, it’ll make even more headlines as awareness about the first-ever cryptocurrency is far higher than the previous bull cycle. The renewed interest, combined with familiarity, and a surge in both price and media attention could be enough to bring Bitcoin price to new all-time highs. It’s just a matter of time.

Tags: Alex Krugerbanksbitcoinbrokersfunds
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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