PakGazette – There has been a huge surge of interest among cryptocurrency owners as these “outsiders” look to get in on the action. The growing interest comes amid a (BTC) bull run that has seen its price reach all-time highs.
Record interest from non-Bitcoin investors
Lark Davis, Bitcoin investor and entrepreneur, highlighted the increasing attention that Bitcoin and the entire crypto industry are receiving. In a post on
This increase in searches suggests that more and more people are curious about how to buy major assets like Bitcoin. The rise could have been sparked by news about the bull run that took Bitcoin to $109,000.
This has created a general buzz outside of the crypto space, leading new investors to explore how to get in.
Davis’ mention of retail trading indicates that Bitcoin may witness a resurgence among individuals and non-professional investors. In particular, these investors are key to the cryptocurrency market, as their renewed interest could signal a broader market revival for the leading digital asset.
Primarily, an increase in the number of retail investors generally leads to an increase in trading volume and overall market activity. In the crypto industry, retail interest in an asset typically precedes a significant price movement. Davis therefore highlights the possibility of further growth for Bitcoin thanks to this renewed public interest.
Bold predictions from industry leaders
Analysts believe this could benefit the crypto industry as more people adopt digital assets. Some have attributed the growing interest to anticipation of the pro-crypto policies expected from the new US administration taking office today.
As PakGazette reported, the odds of the new US president announcing a strategic Bitcoin reserve rose to 70%.
Robert Kiyosaki, renowned author and Bitcoin investor, has called on his followers to buy more BTC. He predicts that the asset could reach staggering price levels of $250,000 this year. Kiyosaki has even suggested that investors should HODL their assets and buy more.
