The Institutional Investor is Optimistic About Bitcoin as the Weakened Dollar is Expected
According to the announcement of Grayscale, they have increased their holding up to 1,701 BTC by the 9th of Nov(ET). With the weakened dollar expectation continuing, the institutional investors are more confidentially buying Bitcoin as their strategy to gain profit from it. There are higher lows patterns being plotting out when time goes by and the bullish sentiment has been gathered during the fluctuation. Therefore, it is expected the Bitcoin will be marching higher in price as the dollar keeps sliding.
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