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BTC Price Hit All-Time-High

Bitcoin (BTC)’s fundamentals keep getting stronger. On November 30, the BTC price exceeded its 2017 record, reaching a new high. Market data shows that both institutional and individual investors continue to enter the Bitcoin market.

So how can you earn money with Bitcoin? Bitcoin has high volatility, so earning money through trading requires a lot of time and expense. Here, a crypto fund that takes care of the difficult trading offers an alternative.

Bitcoin price has recently shown an upward trend on global cryptocurrency exchanges that are taking Bitcoin to its highest level ever. On November 30, it surpassed its previous 2017 high of $19,768 on major global crypto platform Binance, reaching $19,881. On another major exchange, OKEx, it also shot past the 2017 peak of $19,821 on December 1.

The main driving force of this continued Bitcoin price growth has been increased demand. Currently, quantitative easing policies are being enacted around the world as part of economic stimulus measures in response to the COVID-19 pandemic, which is flooding the market with liquidity. This has led to a movement centered around institutions to invest in Bitcoin and other cryptocurrencies. John Todaro, director of institutional research at cryptocurrency analysis firm TradeBlock finds: “You could look at the timing of the rally, which coincided with typical U.S. market open hours” adding that volumes at LMAX Digital, which primarily caters to institutional traders, are also higher.

As institutions are showing interest, global asset management company Guggenheim Investments, which has over $233bn in assets under management, recently acquired $500m in investment rights into Grayscale’s Bitcoin Trust (GBTC). With its investor requirements of over $1m in net assets, over $200,000 in annual income, and holding an entry-level stockbroker license, as well as a minimum investment amount of $25,000–100,000, this product is effectively open only to institutional investors.

But it is not all about institutions. Private investors are also flocking to Bitcoin and driving the uptrend. Zac Prince, CEO of BlockFi, remarked that “Institutional inflows may have been much of the driving force behind this rally, but it’s been retail investors that have helped bitcoin pick up steam in recent weeks”, adding “balances on our retail accounts have grown over 25% in the last 30 days, compared to just under 10% for institutional”.

The entry of individual investors can also clearly be seen in the actual data. Specialized cryptocurrency media outlet CoinDesk finds that the total daily trading volume on Coinbase, Bitstamp, Kraken, Gemini, and itBit — the most popular exchanges among private investors — exceeded $1.5bn on November 30, a major increase over the past 6-month average of $488M.

Bitcoin trade volume on exchanges [Source: Shuai Hao, CoinDesk]

The inflow of new investors, both private and institutional, is fueling expectations that Bitcoin charts will keep pointing upward in the long term.

Rich Rosenblum, president of crypto trading firm GSR, explains how much space for institutions to invest has grown compared to Bitcoin’s last bull run in 2017. “The trading, settlement, and custody services are all far more sophisticated and mature, which instills confidence […] The [Federal Reserve] continues to fan the flames with its monetary strategy, which looks to remain in place in the year to come. With so much excess liquidity in the system, the original investment case for bitcoin is being vindicated.”

In a recent report produced for institutional investors, global financial firm Citibank described Bitcoin as 21st Century gold, concluding that mirroring the gold trend in the 1970s, the Bitcoin price could reach $318,000 next year. Hugo Lee, Co-CEO of global cryptocurrency asset management firm Haru, said that “by exceeding its previous high, Bitcoin has demonstrated that it has secured its place as a major asset,” adding that unlike during the 2017 rally, he expected Bitcoin to maintain a price level above $20,000 longer.

The price of Bitcoin is predicted to continue its upswing. This is leading to increased demand for cryptocurrency deposit services, through which investors can pocket the difference later when prices rise further. Here, for individual investors, Haru’s cryptocurrency fund product is a method worth considering.

While other cryptocurrency funds take care of the difficult trading on behalf of investors, their requirements are too stringent for individual investors to participate. However, Haru Invest (BTC) is a fund provided by Haru that helps ordinary people easily realize continued profits from the increased volatility and liquidity on the market. There are no separate investor requirements and the minimum investment amount, just $10, is remarkably lower than with other firms.

Haru Invest (BTC) has a 25% interest payout target at maturity when locking up Bitcoin for 3 months. A performance fee of 15% of the total profit is only charged if the annualized earning rate is at least 15%. Through the professional expertise of Haru’s in-house trading team, we maximize the profit rate on behalf of investors. For individual investors seeking constant returns in a market that keeps growing in volatility and liquidity, using Haru’s services can be a wise choice.

Haru is a trusted digital asset management platform. We provide up to 16% earn rates for monthly deposits of BTC, ETH, USDT, and Terra KRT. What we offer aims to shift a paradigm of investment — investing in crypto can be stable and comfortable, too. Crypto in, more crypto out. It’s that simple.

Official Website: www.haruinvest.com

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