In late 2017, Bitcoin and the cryptocurrency market stole the headline in the global business scene. BTC price reached an all-time high (ATH) in mid-December 2017 prompting a mad rush into the market. However, sentiment seems to have died down significantly with the price of BTC losing more than 60 percent since the start of 2018.
Some critics say that the crypto-honeymoon is over. However, anyone familiar with the market knows that it passes through bear and bull run cycles. The following are five reasons given by experts to support the claim that it isn’t too late to invest in the market.
The influx of Institutional Investors
One of the direct consequences of clearer regulations is the influx of institutional investors into the cryptocurrency market. Crypto firms like Coinbase and Gemini have been creating useful products for big-money investors. 2018 has also seen an increase in custodial tools for virtual currency assets.