Pakinomist – There has been a massive surge in interest among non-cryptocurrency owners as these “outsiders” seem to be getting in on the action. The rising interest comes amid a bullish (BTC) run that has seen the price reach historic levels.
Record interest from non-Bitcoin investors
Lark Davis, a Bitcoin investor and entrepreneur, highlighted the increasing attention Bitcoin and the entire crypto industry is receiving. In a post on X, Davis noted that the increase in Google (NASDAQ: ) searches for “how to buy crypto” has reached a new all-time high (ATH).
This increase in searches suggests that more people are becoming curious about how to buy top assets like Bitcoin. The rise could have been triggered by news of the bullish run that pushed Bitcoin to $109,000.
This has created a general hype outside of the crypto space, prompting new investors to investigate how to get in.
Davis’ mention of retail indicates that Bitcoin may witness a resurgence of individuals and non-professional investors. These investors are especially key to the crypto market, as their renewed interest could signal a broader market revival for the leading digital asset.
Primarily, an increase in retail investors usually leads to an increase in trading volume and market activity in general. In the crypto industry, retail interest in an asset usually precedes significant price movements. Therefore, Davis highlights the possibility of further growth for Bitcoin on the back of this renewed public interest.
Bold predictions from industry leaders
Analysts believe this could benefit the crypto industry as more people embrace digital assets. Some have attributed the rising interest to the anticipation of pro-crypto policies expected from the new US administration being inaugurated today.
As reported by Pakinomist, the odds of the new US president announcing a strategic bitcoin reserve rose to as high as 70%.
Robert Kiyosaki, well-known author and Bitcoin investor, has encouraged his followers to buy more BTC. He predicts the asset could reach staggering price levels of $250,000 this year. Kiyosaki has even suggested that investors should HODL their assets and buy more.
