Inflow of money to BTC

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Topic: Inflow of money to BTC (Read 202 times)

traderperspective (OP)

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Inflow of money to BTC

October 23, 2017, 04:52:00 PM

Looking at marketcap graphs, it looks like altcoins have been staying at a somehow stable market cap in the last month (around 60-70B$). In the same time BTC market cap has gone from $60B to $100B. Where does all these money come from, and where is it possible to find an answer to this?

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Re: Inflow of money to BTC

October 23, 2017, 05:44:24 PM

I'm not a crypto-expert but I'd say there's currently a massive inflow of fiat money into Bitcoin. Especially the upcoming hardfork (BTG) and the resulting rumors of "free money" attracts an unprecedented amount of people to Bitcoin. I am however surprised that the market cap of altcoins as a whole indeed hasn't changed much in the past month; I thought it was declining rapidly in the past few weeks!

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