RATE Group | Bitcoin NEWS: Just 5% of investors make ‘financial gains’ from crypto – new study | City…
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Bitcoin NEWS: Just 5% of investors make ‘financial gains’ from crypto – new study | City…

28 Jul Bitcoin NEWS: Just 5% of investors make ‘financial gains’ from crypto – new study | City…

Posted at 12:45h in Bitcoin News by

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Bitcoin has enjoyed something of a revival over the last week with prices soaring back above $8,400, marking a 40 percent rise from the multi-month low of $5785 recorded in 2018.

Positivity is very much back in the air with Matthew Newton, analyst at eToro, telling Express.co.uk that there’s “real strength” in the move back past the $8k mark.

He said: “If bitcoin can close above $8,000 today, we could assume that we may have a good run toward $10,000.”

However, as ever with crypto, not everyone’s convinced.

IW Capital – the Mayfair-based SME investment house – has shared exclusive research with Express.co.uk on the future of cryptocurrency investment in the UK.

The report claims that ranging from sentiments of no confidence to not understanding what it is, the vast majority of the UK’s investor community believe it to be inferior to other forms of investment, and that the bitcoin bubble will soon burst.

Key stats from the nationally representative sample of 2,007…

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