Coinshares top manager sees investors activation

by in Cryptocurrency News


According to the director of the strategic development of the British company CoinShares, Meltem Demirors, investors began to become interested in bitcoin massively. The top manager associates such a trend with the approaching date of the so-called May Halving or the reduction of the block mining reward in the BTC network.

He remarked during an interview that they are seeing some enthusiasm after Bitcoin exceeded $8,000, but it’s too early to talk about the transition to the “bullish” moods.

Trading activity is growing, but there is still no aggressive surge, so it’s too early to talk about the transition to the explosive rally stage.

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Demirors believes that investments in cryptocurrency will increase over the next two weeks. He urged everyone to follow the news related to the upcoming halving. Investment companies have already recorded an increase in the influx of customers trying to enter the bitcoin market, and such dynamics are encouraging, summarized top manager of CoinShares.

Note that BTC on the night of Thursday, April 30, broke the mark of $9,000. Now the largest digital currency is trading at $9340.

Together with bitcoin, all the greatest digital assets have risen in price. Of the top ten altcoins, the best results were shown by ether (ETH) and Tezos (XTZ), which jumped to $224.9 and $2.9, respectively.