Bitcoin Cools Off at $34K, But ‘5th Bull Market’ Has Further to Run, Says Analyst

“The fifth bitcoin bull market appears to be primarily driven by the expectations of institutional adoption,” the report said. “Bitcoin’s characteristics, which were traditionally associated with assets like gold and other safe-haven investments such as Treasury bonds, have led institutions to consider Bitcoin for diversifying their asset allocation.”

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://www.coindesk.com/markets/2023/10/26/bitcoin-cools-off-at-34k-but-5th-bull-market-has-further-to-run-says-analyst/?utm_medium=referral&utm_source=rss&utm_campaign=headlines