Retail investors are largely uninvolved as Bitcoin price chases $40K


Retail investors are largely uninvolved as Bitcoin price chases $40K

There are many investors feeling validated in the cryptocurrency market now that Bitcoin’s price has established a new all-time high of $34,778.

The last time (BTC) traded anywhere near this level was during the bull run of 2017, when it reached a peak of about $19,783. Even the mainstream media took notice, including the New York Times, which observed that the current rally had “a very different feel to it than the last time around.”

Share of Bitcoin trading based on involved currency. Source: The Wall Street Journal

Joshua Harrison is a London-based entrepreneur and crypto investor. He is the co-founder of Harrison & Keen Trade — a cryptocurrency trading and forecasting firm. Harrison is also active in the digital payments space, where he advises entrepreneurs on their market rollout and compliance strategies.