Lately we have seen an increased demand for tremendously large blocks of Bitcoin. So much so, that we can't keep up with the volume that people and organizations are requesting. So what are the underlying factors?
One reason is that cryptos, and BTC is king there, are gaining respect with the financial hedgers in Europe, Asia and the United States. We have seen new exchanges opening here and overseas. The SEC has requests from several companies to offer exchange traded funds invested in Bitcoin futures. Hedge funds, investment banks, trust companies and investment advisors are all looking to fill the needs of their top clients. After all, we are all in it for the money.
But go a little deeper and follow the trend that BTC and crypto have taken for the last ten years. They have doubled, most of them, and most likely will continue to do so, according to the BTC pundits. And why not? People love to speculate, and this can be more lucrative than gambling in the stock market or gambling in a casino. And with the liquidity that the exchanges provide, one can go shopping with their Bitcoin card at many shops and online. And quite a few real estate companies now accept BTC as a purchase vehicle.
With all the demand, the mainstream financials wanting to be involved, the acceptance for purchasing goods to homes, and the thrill of the possibility of making a nice return, it certainly seems that BTC and cryptos are tremendously undervalued. Time will tell, the volatility will be there, it won't be boring, and we will be moving into the future, whatever it may be.