Bitcoin rose above the $60,000 mark this week, thereby strengthening after several erratic fluctuations recently. This comes as Bitcoin is becoming increasingly viewed as a useful investment instrument.
Head of OTC Trading at BlockFills John Divine and roundtable anchor Rob Nelson discussed the rise of the cryptocurrency, noting that the recent Bitcoin event in Nashville, Tennessee, which drew attention to the high-profile figures who have taken an interest in the currency, including presidential candidate Robert F. Kennedy Jr. and former President Donald Trump.
Divine did note, however, that following the event, the U.S. government took the decision to move some of its Bitcoin holdings, thereby slowing down the crypto’s recent growth surge. The BlockFills executive added that the outlook of political figures on Bitcoin could significantly affect its growth trajectory going forward, with prominent leaders expressing both bullish and bearing outlooks on Bitcoin depending on their political affiliations.