eToro Sees Bitcoin Slipping Into The Mainstream

eToro Sees Bitcoin Slipping Into The Mainstream

eToro, the popular global trading platform, has analysts that have predicted that Bitcoin has finally started to become a mainsteam macro asset amongst investors.

The analysts at the eToro cryptocurrency exchange are taking notice of Bitcoin’s ability to start to appeal to mainstream investors as a usable and valuable macro asset. There have been many mainstream developments that point to Bitcoin cementing itself as a viable macro asset, such as a billion dollar revenue generating company, MicroStatregy, holding Bitcoin as its reserve asset over the U.S. dollar, seeing Bitcoin constantly mentioned in the Financial Times, or even seeing Bitcoin being broadcasted throughout UK TV screens. The continual fundamental developments, as well as the continued growth and international obsessions with DeFi (decentralized finance) has lead to growth in the total cryptocurrency market cap as well as individual cryptocurrencies. When looking at Ethereum, the second largest cryptocurrency behind Bitcoin, we see that it finally broke through the $400 barrier, and also hit a 2 year high of $440. We have seen massive growth in the entire cryptocurrency space, with some mainstream cryptocurrencies gaining over 400% since their March lows. This is all being spearheaded by the leader of the movement, Bitcoin.

5/5

Recently Similar News

Latest Guides

Latest News

Blockchain,Casino,casinos,Cryptocurrency

Bao Casino Offering High Roller Bonus

Bao Casino, the online cryptocurrency based casino, is offering a large bonus for high rollers. Bao Casino, the online cryptocurrency based gambling site, is offering a new bonus for their high rollers. It is very easy to qualify for this promotion and is available to anyone who has the capital. For a limited time only, […]

21 September, 2020
Binance,Blockchain,Cryptocurrency,Exchange Platforms

Binance Visa Cards Are Now Available in Europe

Binance, the largest cryptocurrency exchange online, has recently released a Visa card in Europe, allowing users to get up 8% cashback on all purchases. Binance, the world largest cryptocurrency exchange, has partnered with Visa in order to continue their expansion into the European market and released the Binance Visa card. This card is available to […]

21 September, 2020
CFD Trading Platform,Cryptocurrency,Exchange Platforms,Trading

IQ Option Identifies Some of the Biggest Obstacles in Trading

IQ Option, the CFD and cryptocurrency trading platform, has recently created a blog post highlighting some of the biggest obstacles traders face when trading. IQ Option, the online cryptocurrency and CFD trading platform, has released a blog post highlighting some of the biggest and most challenging obstacles a trader can face while conducting their trades. […]

20 September, 2020
Bitcoin,Crypto Wallets,Cryptocurrency,Trading

Kraken Wins First Ever U.S. Bank Charter Approval For A Cryptocurrency Exchange

Kraken, the online cryptocurrency exchange, has been granted regulatory approval to be the first cryptocurrency firm with a Special Purpose Depository Institution (SPDI). Kraken, the large cryptocurrency exchange, has recently been granted approval to operate as the world’s first Special Purpose Depository Institution (SPDI), which for now is being called Kraken Financial. The license was […]

20 September, 2020
Binance,Bitcoin,Decentralised,Ethereum

Binance Reviews The Month In Cryptocurrency And Highlights DeFi

Binance, the online cryptocurrency exchange, has released their monthly review, highlighting the historic rise of decentralized finance. Binance, the largest cryptocurrency exchange in the world by volume, has recently released their monthly review of the cryptocurrency space, highlighting the massive growth in the decentralized finance (DeFi) sector. Besides the launch of Binance Smart Chain, Binance […]

18 September, 2020
Bitcoin,Coinbase,Cryptocurrency,Decentralised

CoinMarketCap Identifies Bullish Events for Bitcoin and Explains the Drama Behind SushiSwap

CoinMarketCap, the world’s largest cryptocurrency market cap aggregator, has released an opinion piece on events surrounding Bitcoin and all the drama behind the SushiSwap saga. CoinMarketCap, the large online cryptocurrency market capitalization aggregator, has created an analysis on events surrounding Bitcoin and the craziness surround the latest DeFi craze, SushiSwap. The main event related to […]

18 September, 2020
Decentralised,Ethereum,Exchange Platforms,Trading

Uniswap Launches UNI Governance Token With Airdrop

Uniswap, the large decentralized exchange, has recently launched their governance token, UNI, and have given away 15% of the token to users. Uniswap, the Ethereum based decentralized exchange and decentralized financed (DeFi) application, have recently launched the governance token, UNI, and have airdropped a large portion of the token supply. All in all, Uniswap distributed […]

17 September, 2020
Bitcoin,Changelly,Cryptocurrency,Exchange Platforms

Changelly Explains The Concept of Short Selling

Changelly, the online cryptocurrency exchange, has recently released an article on short selling and how you can take advantage of it as a user. Changelly, the larger online cryptocurrency exchange, has created a blog post highlighting short selling and what their users can do to take advantage of this trading feature. Short selling can take […]

16 September, 2020