At the big banks, there is a divergence of attitudes and actions. Institutional investors are now dominating cryptocurrency trading.

Although the authorities are taking action against crypto providers, Bitcoin remains an issue in China – here the logo on a bus in Hong Kong.

Kin Cheung / AP

There will be setbacks again, but at the moment Bitcoin investors are once again seeing every setback as a buying opportunity (“buy the dip”). Bitcoin climbed from under $ 30,000 to over $ 58,000 in three months and is now hovering around $ 55,000. In tow, the oldest crypto currency has also increased the value of the next larger digital currencies such as Ethereum, Cardano and Ripple. Although these cryptocurrencies stand out from Bitcoin because of their more powerful blockchains and thus more advanced applications such as Defi (Decentralized Finance) and NFT (Non-fungible Token), Bitcoin continues to set the tone for the entire industry.

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