CoinShares Chief Strategist Analyzes Way Forward For Bitcoin, Says Lots Of Money On The Sidelines
CoinShares Chief Strategy Officer Meltem Demirors believes Bitcoin is poised to rise over the next few months as capital from sidelined investors is pushed into the crypto asset.
In a recent interview on CNBC Television, the CEO of the digital asset management company highlights the potential catalysts that can push Bitcoin’s value to higher heights in the months to come.
“Right now we are hearing rumors around a potential Bitcoin ETF approval. This would be contract-based, cash-settled ETFs, but there is still a lot of ‘buy rumor, sell news behavior’ in crypto, this is a big catalyst that we are looking at in this section. fourth trimester.
There are also not a lot of open long positions in the Bitcoin position anymore, so we are seeing a lot more companies taking bullish long calls. In fact, there are a number of six-figure long-term call options that are in action at the end of the fourth quarter and the start of the first quarter. “
She also mentions that the wide variety of platforms being developed to buy Bitcoin will likely accelerate asset growth towards the end of this year.
“And I think the most important thing, honestly, is that there is a lot of money on the sidelines, and a lot of investors are now seriously considering an allocation to Bitcoin in their portfolios. There are now so many different ways to do this, whether through a publicly traded investment vehicle, or through assets themselves on platforms like Coinbase, or Robinhood, or Square. . The [are] just an absolute plethora of options that pave the way for retail and professional investors to gain exposure to the asset class.
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and transactions are at your own risk and that any loss you may suffer is your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in Affiliate Marketing.
Featured Image: Shutterstock / KHIUS / Andy Chipus