There’s been a lot of action in the past year for those who heard the crypto market calling. Bitcoin, the largest digital coin, dropped from about $13,800 in June 2019 to below $4,000 in March. It’s currently hovering around $10,000. The monthly price change for Bitcoin so far this year averages 8%.
“There’s definitely a lot of systematic, hedge fund trend-following guys sitting on the sidelines right now watching and going, ‘Hey, I really want to get involved with this because there’s an opportunity to trade here and make money,’” Johnson says, describing the crypto curious. “People love volatility.”