According to OKEx analysts, there are five favorable factors to boost the rise of Bitcoin: the emergence of the world's first bitcoin in Public Offering of Fund, South Korea's unwillingness to regulate bitcoin transactions, the introduction of bitcoin futures in Shang Zhi, Zimbabwe's inflation, and the legalization of cryptocurrency in Belarus.
Among them, the French asset management company Tobam recently announced that it will launch a fund linked to Bitcoin for public sale. OKEx believes that investors are already interested in this, and it is expected that the scale of this fund will be expanded to 400 million US dollars in the next few years. The Chicago Mercantile Exchange Group has also announced that it will launch bitcoin futures in the fourth quarter of 20 17. JPMorgan Chase, who had been singing bad words about Bitcoin before, also said that he would consider helping users to conduct bitcoin futures trading. This series of actions by major institutions has greatly improved the popularity and recognition of Bitcoin in the world, greatly enhanced the confidence of investors and pushed up the price.