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Digital Assets Data CEO says the public are now paying more attention to crypto

 
Digital Assets Data CEO says the public are now paying more attention to crypto
Breaking News / Crypto Market
  • Mike Alfred has discussed the increase of bitcoin adoption from the mainstream during the spiking values. 
  • Alfred said that we are seeing more signs of increased institutional interest just one day after bitcoin surpassed the $10,000 key resistance level.

The chief executive officer of the analytics company Digital Assets Data, Mike Alfred has discussed the increase of bitcoin adoption from the mainstream during the spiking values. Speaking to Cointelegraph earlier this week, Alfred said that we are seeing more signs of increased institutional interest just one day after bitcoin surpassed the $10,000 key resistance level. A massive milestone for this industry.

Alfred went on to say that we are receiving a lot more inbound requests from traditional companies that are wanting to get involved with cryptocurrency. He adds that he is very bullish on the future. 

In discussing decentralised finance (DeFi) he said that it is very interesting but the real economic impact is still limited to a certain extent. This part of industry has been growing significantly over the course of 2020. The number of assets in DeFi has seen more than 100% gains in such a short amount of time.

“The DeFi-related activity is very interesting but ultimately BTC is still the ultimate barometer for the health of the ecosystem.”


It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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