The bitcoin price soared back over $11,000 in early July, showing no signs of slowing down. The cryptocurrency was up some 40% in June and is now up more than 200% since December. So where is all this bitcoin demand coming from? One analyst thinks institutional investors could be driving the cryptocurrency now. Q2 hedge fund letters, conference, scoops etc Clues on bitcoin demand from Google In his “Bitcoin Monthly” report for July, Canaccord Genuity analyst Michael Graham noted that the surge in bitcoin demand in 2017 was probably led by retail investors, given that more than 100,000 new Coinbase…
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