Bitcoin (BTC) came back from $ 8,950, an important support zone. Long-term investors in Bitcoin see this as an excellent buying opportunity.
The U.S. Federal Reserve announced that it will take all necessary measures to get the economy back on track earlier this month. Within the scope of these measures, a $ 1,200 trillion incentive declaration and a $ 1,200 pandemic aid was provided to all US citizens.
The fall in US indicator indices and investors leaving the stock markets created a great opportunity for Bitcoin. As hedging managers and well-known investors claim that BTC is a set against deflation, more and more investors are beginning to invest in BTC.
Bitcoin (BTC) mutual funds are increasing exponentially this year
The data show that the number of funds applying to the SEC for approval has increased significantly since the beginning of the year.
Grayscale is a fund that works with various Cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash. Grayscale General Manager explained that AUM or managed assets have grown significantly this year.
Why Investments in Bitcoin (BTC) Are Increasing Despite the Fall?
The best time to invest in any market is when the market is not greedy. Currently, many buyers are hesitating as BTC / USD has lost around 7% in the past two days.
One important thing to keep in mind is that most of Bitcoin and other cryptos are at a new stage. But there is no doubt that these are disruptive and a revolution in finance and technology.
For this reason, you should keep a long-term vision in mind before investing in BTC / USD. Looking at the weekly chart, it can be seen that BTC / USD has been steadily increasing for a long time.