99 Bitcoins CEO Ofir Beigel tells Proactive Investors there’s been four large boom cycles Bitcoin interest, and when the price of Bitcoin goes up, he sees a spike in visitors to his website, which educates users on how to buy and use Bitcoin.
While the daily trading volume of Bitcoin has significantly decreased since last year, Beigel predicts the answer to mainstream adoption of cryptocurrencies lies with institutional investors. He says once institutional investors slowly gain permissions to invest in cryptocurrencies, it will begin a ‘large wave’ of long-term solid investments and interest.
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