{"id":429264,"date":"2020-07-02T02:00:21","date_gmt":"2020-07-02T02:00:21","guid":{"rendered":"https:\/\/wncen.com\/?p=429264"},"modified":"2024-06-11T14:04:38","modified_gmt":"2024-06-11T14:04:38","slug":"new-wave-of-bitcoin-investors-is-coming","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/new-wave-of-bitcoin-investors-is-coming\/","title":{"rendered":"Strategist: Next Wave of Bitcoin Investors Likely to Come from Robinhood"},"content":{"rendered":"
As Bitcoin continues trading sideways within a trading range between $9,000 and $10,000, investors are busy at work speculating as to what could help fuel a further price rise for the benchmark digital asset.<\/p>\n
Now, one strategist is noting that the crypto could soon see a massive influx of new capital from retail traders \u2013 and particularly those trading on Robinhood.<\/p>\n
There have been countless examples of an army of return-hungry retail investors on the popular investment platform who have pumped the stock prices of many small companies \u2013 even some that have gone bankrupt.<\/p>\n
One strategist is now noting that this retail hoard may soon grow bored with equities and direct their attention to Bitcoin \u2013 which is offered on the platform.<\/p>\n
He contends that they could soon pile into Bitcoin<\/a> positions.<\/p>\n Armed with smartphones and relatively small amounts of capital, a collective group of retail investors has been wielding massive influence over the equities market<\/a>.<\/p>\n Market spectators have been closely watching the dynamics amongst these investors, who have notoriously been behind some bizarre market movements, including the massive parabolic rally seen by Hertz\u2019s stock shortly after it went bankrupt.<\/p>\n To many crypto veterans, this market dynamic is strikingly similar to that seen by altcoins in late-2017, when profits from Bitcoin\u2019s meteoric rise cycled into smaller digital assets, allowing some investors to clock massive profits.<\/p>\nRobinhood Traders Gain Increasing Control Over the Markets<\/strong><\/h2>\n