Crypto Boom Still Has Retail Investors ‘Sitting on Sidelines’
There are a lot of eyes on the cryptocurrency market these days amid its latest boom.
But as Bloomberg News reported Friday (Nov. 29), it’s a boom that retail investors may not be embracing the way they did during the pandemic, perhaps because they’re recalling how fast it took for that 2021 bubble to pop.
“From a retail perspective, interest is clearly growing as trading in bitcoin has picked up significantly,” said Josh Gilbert, market analyst at eToro. “However, we are yet to see the levels we’ve seen in previous cycles, which signals that we’ve got a wave of retail investors still sitting on the sidelines watching.”
Some industry players point to institutional bitcoin demand as the spark behind the $1…
