Diginex CEO commented on bitcoin rally

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The rise in bitcoin was the result of limited supply of the cryptocurrency, said CEO of Diginex Richard Byworth. Bitcoin Secret will not stop on the results achieved and will continue to update the highs.

Demand is increasing from a variety of categories of investors who are looking for alternative instruments against the backdrop of inflation risks. Already now, most of the traditional institutions have gone into cryptosphere, and this trend will continue, as quoted by CoinTelegraph, CEO of Diginex.

According to the expert, the increased outflow of bitcoins from exchanges is a direct proof of the strategy of traders focused on long-term storage of cryptocurrency.

Diginex CEO also commented on the growth of ether (ETH).

According to Byworth, at the moment, the etherium network is the most efficient platform for deploying smart contracts. The growth of the ETH network is likely to continue as developers periodically improve its bandwidth, which reduces transaction costs.