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The cryptoanalyst of the InvestAnswers channel believes that it is large investors who will help Bitcoin form a lower exchange rate.
According to the analyst, Bitcoin is bottoming out at $30,000:
“So far, the volumes are small, but it has been said many times that thousands of investors, fund managers, hedge funds and other organizations have turned their attention to bitcoin. They know that its supply is limited and the asset itself is quite reliable. They need a secure savings option. Fiat is depreciating, gold is not rising in price, and the stock market is too volatile”
The analyst emphasized that buyers with decent purchasing power want to buy bitcoin at a good discount:
“Interesting developments have begun to take place in the market. Decent volumes have come in from large buyers who purchase bitcoin in large quantities. If you look at the network data, you can see that investors were buying $2-$8 million worth of bitcoin at one time. I would like to emphasize that these are far from retail investors and they bought a crypto asset at the slightest opportunity for a good exchange rate.
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