The twists and turns of 2020 made it arguably the best year on record to be a trader, especially if you were involved in cryptocurrencies. May’s third Bitcoin halving, coupled with the euphoric market volatility that swept global markets, made 2020 a year of gains and opportunities for crypto traders.
By November, it was already clear Bitcoin (BTC) and other major cryptocurrencies had cemented their status as a recognized asset class among retail and institutional traders alike, having outshined all other major asset classes in the world. Bitcoin’s renewed bull run deservedly grabbed the headlines across mainstream finance and made the global retail crypto trader the champion of 2020 in the investment world.
Related: Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer
Unlike the gains in mainstream financial markets, crypto’s bull run did not evolve from the massive stimulus packages unleashed by governments and central banks that helped prop up equity and bond valuations. Bitcoin increased organically thanks to a growing global retail base, compelled by the asset’s growing allure as a store of value.
Above all, crypto’s globalTitle: Retail traders, not hotshots like MicroStrategy, made Bitcoin in 2020
Sourced From: cointelegraph.com/news/retail-traders-not-hotshots-like-microstrategy-made-bitcoin-in-2020
Published Date: Sun, 24 Jan 2021 11:24:00 +0000