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The reason why Bitcoin market is looking strong despite ‘sluggish summer’
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Bitcoin had a volatile run in the last 13 years, with a recent all-time high of $67,000. Going forward into Q4, many analysts have maintained a bullish outlook. In a recent podcast, Grayscale’s Head Of Research David Grider, touched upon the reasons why the Bitcoin market is looking strong after a somewhat “sluggish summer.”
Grider commented on the “seasonality” of the market. He added that the “last few months have been stronger quarters for crypto’s most years in existence.” One of the reasons, according to him, for the strength of the market is managers allocating crypto in the portfolios.
Apart from that, ETF approval and increased adoption are playing a major role, he added. In another CNBC interview, Kris Marszalek, co-founder, and CEO
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