Going back to the beginning of this year, it is estimated that 50 percent of the new money coming into the cryptocurrency industry in the form of investments has been from financial institutions. Most of that BTC money was acquired at deeply discounted values given the steady slide in price. Given its current value in comparison to the all-time highs of last December, BTC remains an attractive investment should CBOE gain approval to buy in as an ETS.
Some estimates of BTC’s value by the bulls in the market are as high as $25,000. The bears weighing in on the discussion still believe it could drop all the way to $100. Each scenario depicts one heck of a roller-coaster ride.