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.

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