{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PT-PT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Bullish+analyst%3A+bitcoin+price+driven+by+institutions&text=Galaxy+Digital+CEO+Mike+Novogratz+has+suggested+that+Bitcoin+price+is+surging+as+a+result+of+firms+and+institutions+buying+into+the+market.&text=Prominent+Bitcoin+bull+and+Galaxy+Digital+CEO+Mike+Novogratz+is+another+in+the+cryptocurrency+that+believes+that+institutional+investors+are+helping+send+Bitcoin+price+higher.%0A%0ANovogratz+also+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fnovogratz%2Fstatus%2F1345795075683594242%22+target%3D%22_blank%22+rel%3D%22noopener+nofollow+noreferrer%22%3Eoffered+that%3C%2Fa%3E+the+mass+printing+of+fiat+currency+and+government+flooding+the+economy+with+money+has+also+been+a+major+factor+in+the+current+Bitcoin+bull+run.+This+sentiment+has+been+one+of%C2%A0%3Cem%3ERich+Dad%2C+Poor+Dad%C2%A0%3C%2Fem%3Eauthor+Robert+Kiyosaki+who+identifies+gold+and+Bitcoin+as+excellent+assets+to+hedge+against+the+US+dollar+-+a+fiat+currency+which+is+suffering+as+a+result+of+overprinting.%0A%3Ch2%3EInstitutions+driving+Bitcoin+adoption%3C%2Fh2%3E%0AWhile+Novogratz+pointed+out+this+issue+to+have+an+effect+on+the+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fpt-pt%2Fbitcoin-revolution%2F%22%3Ecryptocurrency%3C%2Fa%3E+booming%2C+he+believes+the+new+adoption+of+institutional+interest+is+the+major+factor.+Institutions+such+as+Grayscale%2C+MicroStrategy+and+PayPal+are+all+firms+which+have+stepped+into+Bitcoin+in+the+past+year+at+a+significant+rate.%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3EFun+on+the+BBC.+%3Ca+href%3D%22https%3A%2F%2Ft.co%2FmTSNXMVceZ%22%3Epic.twitter.com%2FmTSNXMVceZ%3C%2Fa%3E%3C%2Fp%3E%0A%E2%80%94+Mike+Novogratz+%28%40novogratz%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fnovogratz%2Fstatus%2F1345795075683594242%3Fref_src%3Dtwsrc%255Etfw%22%3EJanuary+3%2C+2021%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async+src%3D%22https%3A%2F%2Fplatform.twitter.com%2Fwidgets.js%22+charset%3D%22utf-8%22%3E%3C%2Fscript%3E%0A%0AAs+noted+by+Novogratz%3A%0A%0A%3Cem%3E%E2%80%9CNow+we%E2%80%99re+seeing+places+like+PayPal+%E2%80%94+at+340+million+customers+%E2%80%94+servicing+Bitcoin+and+selling+Bitcoin+%5Balong+with%5D+big+insurance+companies+in+the+United+States%2C%E2%80%9D+said+Novogratz.+%E2%80%9CAs+the+institutions+move+in%2C+there+just+is+not+a+lot+of+supply+%5B...%5D+There+are+a+lot+more+than+21+million+millionaires+out+there.%E2%80%9D%3C%2Fem%3E%0A%0APreviously%2C+Novogratz+had+suggested+that+users+invest+at+least+3%25+into+%3Ca+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fpt-pt%2Fcorretores-cfd%2F%22%3EBitcoin%3C%2Fa%3E+to+hold+there+for+5+years.+Since+then%2C+he+has+increased+this+suggestion%2C+advising+investors+hold+at+least+5%25+of+their+assets+within+the+cryptocurrency+field.%0A%0ACryptocurrency+analyst+Raoul+Pal+also+believes+that+the+institutional+investors+buying+into+the+market+will+lead+to+a+bullish+result.%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3EWhile+everyone+seems+to+celebrate+every+single+new+BTC+high%2C+let+me+remind+you+of+where+we+are+going...%3C%2Fp%3E%0ANothing+is+a+Law+of+Nature+but+the+log-regression+trend+since+inception+makes+sense+to+me+contextually.%0A%0AI+think+the+risk+is+people+UNDERSHOOT+in+their+price+targets.+1%2F%0A%0A%E2%80%94+Raoul+Pal+%28%40RaoulGMI%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2FRaoulGMI%2Fstatus%2F1345720056530038784%3Fref_src%3Dtwsrc%255Etfw%22%3EJanuary+3%2C+2021%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async+src%3D%22https%3A%2F%2Fplatform.twitter.com%2Fwidgets.js%22+charset%3D%22utf-8%22%3E%3C%2Fscript%3E%0A%3Cdiv+class%3D%22article-subscription-widget%22%3E%0A%3Cdiv+class%3D%22article-subscription-widget__form%22%3E%3C%2Fdiv%3E%0A%3C%2Fdiv%3E","timeout":15}