As Bitcoin emerges as the top-performing asset in 2023, it has garnered endorsement from major Wall Street players such as BlackRock, who are actively working to integrate cryptocurrencies into the financial mainstream.
This indicates that the extended Crypto Winter has indeed come to an end, but it seems that retail participants are falling behind.
Retail Participation Lacking
Bitcoin’s recent price action to the upside helped it cross back into the top 10 largest assets by market capitalization. As BTC breached $800 million in market capitalization earlier this month, it surpassed the 10th slot and now sits behind other major assets, such as gold with around $14 trillion, silver at $1.5 trillion, and Apple at $3 trillion.
While this was reflective of Bitcoin’s growing relevancy and legitimacy as a global macro asset, retail traders appear to be on the sidelines. This is evidenced by Google search trends, which depicted a lackluster retail exuberance in the crypto market.
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We współpracy z: https://cryptopotato.com/bitcoin-retail-crowd-missing-google-search-trends-show-lackluster-enthusiasm-for-crypto/
