Mar 5, 2021
A landscape that gives more power to retail investors and the influence of celebrity endorsement have driven bitcoinâs recent rise.
Adoption of bitcoin is accelerating at an unprecedented rate. Bitcoin is the world’s first investment megatrend in which retail investors have led institutional allocators. And, until the advent of the Great Corona Recession, that dynamic was not given much consideration by the investment banks, hedge funds and asset management titans.
The rapidity and magnitude of the bounce in equities and risk assets in March of last year was caused in large part by the new force that retail investors represent in markets, empowered by fresh access to information and markets via online platforms around the world. The recent coordinated targeting of concentrated short-interest stocks by the “Reddit Revolutionaries” was reminiscent of the Arab Spring, where use of social media catalysed regime change.
Elon Musk debate: Why bitcoin, why now?
With the price of Bitcoin surging due to an endorsement from entrepreneur Elon Musk, industry expert Stephen Kelso of ITI Capital discusses the rise of cryptocurrency and its attraction for investors
Bitcoin - ITI Capital sees huge potential for investors On 2 February 2021 10:48 As an emerging markets-focused multi-asset prime broker, ITI Capital provides access to over 100 markets around the world. Emerging markets are characterised by less efficient capital flows and we enable access for our clients and counterparties to these markets. ITI observes that digital assets, and Bitcoin in particular, are an extension of the emerging markets investment phenomenon. Simply put, they make more difference to more people’s lives in emerging markets.