November's Bitcoin surge ($BTC ), bringing it closer to the psychologically important barrier of $100,000, differs from earlier rallies in 2017 and 2021, which were characterized by greater enthusiasm from retail investors. The current spike is primarily driven by institutional investors, while retail interest is noticeably subdued.
Google (NASDAQ:GOOGL) Trends data highlights the fluctuations in interest over the past month, which peaked at 65 out of 100 on a five-year scale, and then sharply declined from mid-November. This decrease in retail activity raises the important question of whether BTC is an expensive asset meant only for the wealthy?
Unlike altcoins, which remain accessible due to lower prices, the high cost of Bitcoin may inadvertently deter a group of people necessary for the mainstream adoption of the leading cryptocurrency.
One of Bitcoin's strongest features is its divisibility. Each Bitcoin consists of 100 million satoshis, allowing for fractional purchases. For example, an investment of $100 would yield the investor approximately 0.00103 BTC at current prices. This is similar to buying gold by the gram rather than by the ounce.
