News > Bitcoin Is Now Too Important To Ignore: Deutsche Bank Report

Bitcoin Is Now Too Important To Ignore: Deutsche Bank Report

Good Returns | 20/03/2021 08:27 PM | Click to read full article

According to Deutsche Bank analysts, Bitcoin's (BTC) market capitalization of $1 trillion and potential for sustained development have made the cryptocurrency "too important to ignore."

The arrival of hedge funds was one of the most significant factors behind bitcoin's increased demand, the report mentioned. Bitcoin is expected to remain ultra volatile due to its already limited tradability; a few more major transactions or market exits may dramatically alter the supply-demand equilibrium.