Is the Current Bitcoin Rally Organic?
Crypto Daily checks whether the current Bitcoin rally is organic or not. In his opinion, it is as organic as it can be due to a number of factors:
- CME's Bitcoin futures hit $1.3 billion,
- Bitmex hits an all-time record of registered volume at $10 billion,
- Bakkt futures testing expected for July,
- Retailers like Nordstorm and Amazon's Whole Foods supporting BTC. Perhaps eBay will join the fold too.
It appears that buying Bitcoin is indeed a good long term investment.