RATE Group | Bitcoin is in the Midst of a ‘Second Wave Rally,’ Says Tech Investor
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Bitcoin is in the Midst of a ‘Second Wave Rally,’ Says Tech Investor

31 Jul Bitcoin is in the Midst of a ‘Second Wave Rally,’ Says Tech Investor

Posted at 07:55h in Bitcoin News by

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With the eighth month of the year right around the corner, Bitcoin seems to have consolidated its position near the $8,000 mark. 

Increased Adoption and Institutional Investors are Driving Bitcoin Demand

Tech investor and entrepreneur Kin-Wai Lau believes that Bitcoin is riding another wave of enthusiasm. Speaking to CNBC, the Fatfish Internet Group CEO talked about the current state of the market, the BTC ETF saga, as well as the probable end-of-year price for the asset. According to Lau, Bitcoin and indeed the cryptocurrency market is experiencing a second wave rally. Lau also the described the wave as being “strong,” with lots of market interest and an increase in trading volume.

The Fatfish Internet Group CEO identified increased adoption and the influx of institutional money as major reasons for the market resurgence. According to Lau, market volume has increased significantly since price dipped to a new 2018 low in mid to late-June.

Bitcoin ETF possibility on the…

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