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Why Bitcoin Still Has Long Road Ahead

Why Bitcoin Still Has Long Road Ahead

Bitcoin
December 4, 2021 by Editorial Team
54
Summary Of The Week Although bitcoin started climbing slightly over the last week of November 2021, it still hasn’t picked up the next leg of the current bull run. The recent dip saw many large HODLers accumulate more bitcoin, while several large mining firms once again confirmed their intent on HODLing the bitcoin they mine.
bitcoin-hyperbitcoin.jpg



Summary Of The Week

Although bitcoin started climbing slightly over the last week of November 2021, it still hasn’t picked up the next leg of the current bull run. The recent dip saw many large HODLers accumulate more bitcoin, while several large mining firms once again confirmed their intent on HODLing the bitcoin they mine.

Interestingly, this week also saw reports emerge that large U.S. banks are eyeing the possibility of providing bitcoin-backed loans, and executives at the Korean Exchange are also showing interest in bitcoin. Let’s take a look at what happened this week in bitcoin.





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