The most popular question in the blockchain community is the one about the future of cryptocurrencies. Is the hype is gone forever？ Will we see the prices going that high again？ Is it profitable to mine yourself, or its better to go with cloud mining？ As different researches show the interest of people to blockchain and crypto is quite high. According to the ING International Survey, about a third (35%) in Europe thinks that Bitcoin is the future of spending online. And around 32% of respondents agree cryptocurrency is the future of investing.
Crypto Market Back
During the last month, the demand for cryptocurrencies started to rise again. It may confirm that significant part of one-day speculators seen back in December left the market and gave way to more reserved and professional investors.
There are rumors in the crypto market for a long time that big institutional investors might come to the market, and are going to drive the demand for crypto assets.
Its partly confirmed by the recent news in the industry. For instance, US exchange Coinbaseis planning to build out a prime brokerage platform. This way it wants to spark the interest of institutional capital, with the help of a $US20 billion hedge fund.
Moreover, as Google Trends data shows, searches for “bitcoin ETF” (exchange-traded fund) all over the world have grown 5 times in July. It also forecasts that the December searched number may be exceeded by early August.
