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33358
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2020-10-20

Bitcoin price report

Recently, Blockchain headlines have been filled with negative messages. 

However, the price of Bitcoin (BTC) proved largely untouched, despite a number of seemingly negative stories. This may indicate growth potential in the coming weeks, according to crypto investment solution CoinShares' report Monday. 

The price of Bitcoin has mostly remained stable, falling only slightly compared to its usual price activity, and rising frequently shortly thereafter.

Bitcoin has gained many large mainstream players in the last few months, partly in order to preserve the capital of these speculators from inflation. The captains describe these participants in detail in the first part of the report, listing Square and MicroStrategy as two examples. MicroStrategy allocated $425 million of its treasury reserves to Bitcoin from August to September. In early October Square raised about $50 million in Bitcoin.