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The Gap Between The Crypto World and Traditional Financial Institutions Has Closed Dramatically, Says Executive
Summary: According to the Bitpush data, Bitcoin has stood at $17,000 today, the first breakthrough in nearly three years. Charles Hayter, CEO of the encrypted data provider CryptoCompare, attributed the price increase to many factors, including government stimulus related to Covid-19 and the attention of big-name investors like Paul Tudor Jones and Stanley Druckenmiller. He told CNBC: ...
According to the Bitpush data, Bitcoin has stood at $17,000 today, the first breakthrough in nearly three years.
Charles Hayter, CEO of the encrypted data provider CryptoCompare, attributed the price increase to many factors, including government stimulus related to Covid-19 and the attention of big-name investors like Paul Tudor Jones and Stanley Druckenmiller. He told CNBC: "The gap between the crypto world and traditional financial institutions has closed dramatically. The result is that incumbent players are now fine to play in the digital asset markets. The narrative that is compelling them to do so is this alignment of Covid, monetary policy and political disarray globally."
By Mary Liu
Tags: Bitcoin,COVID-19,Cryptocompare,financial institutions
Link: The Gap Between The Crypto World and Traditional Financial Institutions Has Closed Dramatically, Says Executive [Copy]
