The mainstream press had shown little interest in the new bull run of Bitcoin (BTC), which has come close to its historical record in the last few days. But is this changing? The Wall Street Journal has indeed distinguished itself by displaying the cryptomony on its front page yesterday.
Bitcoin (BTC) on the front page of the Wall Street Journal
The Wall Street Journal is one of the world references in terms of financial market analysis, but until now it has not turned its gaze to Bitcoin. However, the Traders’ Bible has changed course: yesterday it published a chart of the BTC price, with an analysis of the reasons that propelled cryptomony to its historical peak :
The Wall Street Journal points out that Bitcoin has risen by more than 50% in the last month alone: a performance that is hardly equalled in the world of traditional finance.
The institutionals behind this breakthrough?
As for the reasons for this craze, the publication indicates that the arrival of major investors may have allowed Bitcoin Optimizer Scam to explode. Renowned investors Paul Tudor Jones and Stanley Druckenmiller have both expressed their enthusiasm for cryptography. Druckenmiller even explained:
“Frankly, if the gold bet works, Bitcoin will work even better because [its market] is smaller and less liquid. »
The funds entrusted to Grayscale, an asset manager for institutional investors, also show this change. A few days ago, we learned that Grayscale now manages 500,000 bitcoins… That’s $8.4 billion, or 2.4% of the outstanding supply. The arrival of Bitcoin on the pages of the Wall Street Journal could therefore create a new wave of investment.