Bitcoin and other Cryptocurrencies are reportedly set to spike during mid-January as Wall Street Traders receive their annual bonuses.
Given the recent volatility we’ve seen in Bitcoin and other cryptocurrencies, I expect these traders to see value in this, and begin trading on the markets.
With these aggressive traders also looking to leverage their purchases into core cryptocurrencies such as Ethereum and Litecoin, I also expect lending services like Salt (SLT) to receive a bump in membership and use - it’s precisely why I bought into Salt, and became a member (referral link: https://membership.saltlending.com/register?r=HL0yO)
The article, originally posted in Business Insider Deutschland reported Meltem Demirors, director of the Digital Currency Group — an investment company which invests in currencies and crypto blockchain businesses — believed that there was a renewed momentum on its way as the Wall Street bonus season hits.
With over seven million dollars already lended, Salt seems to me to be a service that has delivered on it’s promise of a lending platform, and look forward to seeing what else they do.
Read more:
'Get ready for an explosion' in bitcoin as Wall Streeters spend their bonus checks - Business Insider Australia
https://www.businessinsider.com.au/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1