Dec 18, · Bitcoin Bull Market Gains Momentum As Capital Pours In From Institutions Bitcoin is more bullish now than it has been in past cycles, and while that’s surprising to even the most steadfast crypto supporters, no one could have predicted the perfect storm that . Over 3% of the total BTC supply of 21 million BTC is now held by 24 companies alone. The asset’s block reward halving, expected to be the catalyst to start the new cycle, is now in the past. The only thing missing is a higher high to confirm an uptrend and new bull market. Qiao Wang, a prominent industry analyst, says that Bitcoin’s strength in the face of this is the sign of a bull market. He commented the following on the matter on October 30th: “#BTC has been shrugging off 3 simultaneous narratives from the traditional market – election, covid, and stimulus – as well a bunch of crypto exchange FUD.
Btc bull marketBitcoin's bull run sends the options market to new record highs
Home Technical analysis BTC. Reading Time: 3min read. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza! Play Now! Tweet Share. Could you be next big winner? Tony Spilotro I'm Tony Spilotro. Related Posts.
Premium Partners. Top Brokers. Top Casinos. Top Sportsbooks. Press Releases. Newsletter Signup. Technical Analysis. Cryptocurrency news. Many others in the space have made this assertion, stating how the current macro environment makes not holding BTC almost irresponsible. The Bitcoin bull case is believed to be largely related to the vast amount of monetary inflation taking place and the loss of dominance in the U.
Truth in advertising, I am not a hard-money nor a crypto nut. Iam not a millennial investing in cryptocurrency, which is very popular in that generation, but a babyboomer who wants to capture the opportunity set while protecting my capital in ever-changingenvironments. One way to do that is to make sure I am invested in the instruments that respond firstto the massive increases in global money. And given that Bitcoin has positive returns over the mostrecent time frames, a deeper dive into it was warranted.
Bitcoin is expected to play an increasingly important role in the portfolios of global investors, both on a retail and institutional level. Many in the Wall Street space have made this assertion over recent weeks, stating that they actually think BTC ousts gold in many aspects. Though, how much BTC will outperform gold by remains to be seen.
Could you be next big winner? I consent to my submitted data being collected and stored. The bearish warnings start flashing after Bitcoin pursued a relentless upside rally wherein its price jumped by almost percent from its September nadir.
BTC continues to be accumulated by Grayscale, a leading digital asset fund manager.