Red hair miner

cryptocurrency miner riot blockchain Rose 14% on Friday, the highest weekly increase of 110% in 10 years, the largest weekly increase since 2017. Marathon patent group, a digital asset technology company, rose more than 70% a week

William, chief researcher of okex research, believes that from the current market situation, the positioning of bitcoin is changing, and the direct reason for the sharp rise of bitcoin price in the last round is the admission of high net worth and institutional investors. The deep-seated reason behind the massive buying of bitcoin by traditional institutions is the change of global macroeconomic situation. On the one hand, affected by the epidemic, the global economic recovery slowed down. On the other hand, many central banks launched extremely loose monetary policies, which pushed up the inflation expectations of financial markets

for the future trend of bitcoin, William said that institutional investors care about profits< after the epidemic situation is graally alleviated, with the graal recovery of economy, monetary policy will graally change from loose to moderately tight. At that time, institutional investors may sell bitcoin. Before that, bitcoin will still maintain an upward trend on the whole. Of course, as the price of bitcoin gets higher and higher, the fluctuation of the market will graally enlarge. It is not recommended that investors increase excessive leverage