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All data is pointing towards both retail and institutional demand for Bitcoin exploding.
This comes as BTC is about to see a 50% inflation cut and as monetary policy is more easy than ever — a perfect storm.
A quick thread
This comes as BTC is about to see a 50% inflation cut and as monetary policy is more easy than ever — a perfect storm.
A quick thread
Retail:
- 81% of IG's Bitcoin traders are long.
- 70% of Coinbase users are buying BTC. It's been higher over the last week.
- @decryptmedia reports Kraken, OKEx, Bitfinex, Paxful, and Luno have seen user sign-ups increase dramatically, some by 300%.
- 81% of IG's Bitcoin traders are long.
- 70% of Coinbase users are buying BTC. It's been higher over the last week.
- @decryptmedia reports Kraken, OKEx, Bitfinex, Paxful, and Luno have seen user sign-ups increase dramatically, some by 300%.
Retail (cont.):
- "Buy Bitcoin" on Google Trends has seen a strong spike.
- Bitstamp has seen its Alexa ranking grow from #15,785 on the date of Black Thursday to #13,458 today.
- Anecdotally, I've recieved (more) phone calls and texts from f&f about Bitcoin.
- "Buy Bitcoin" on Google Trends has seen a strong spike.
- Bitstamp has seen its Alexa ranking grow from #15,785 on the date of Black Thursday to #13,458 today.
- Anecdotally, I've recieved (more) phone calls and texts from f&f about Bitcoin.
Institutional:
- @RaoulGMI said in an interview that he doesn't know of a family office that doesn't have exposure to Bitcoin.
- Fidelity confirmed today that it is onboarding pensions, family offices, and macro funds.
- Coinbase Pro's Bitcoin order book is stacked long.
- @RaoulGMI said in an interview that he doesn't know of a family office that doesn't have exposure to Bitcoin.
- Fidelity confirmed today that it is onboarding pensions, family offices, and macro funds.
- Coinbase Pro's Bitcoin order book is stacked long.
As aforementioned, the timing is perfect:
In ~5 weeks, the amount of Bitcoin issued each day will get cut in half.
Demand increasing + supply decreasing (kinda) traditionally equals higher prices.
It's a perfect storm.
In ~5 weeks, the amount of Bitcoin issued each day will get cut in half.
Demand increasing + supply decreasing (kinda) traditionally equals higher prices.
It's a perfect storm.
