Core to Bitcoin's role as an investment is its scarcity. With a disinflationary supply curve and a maximum supply of 21 million coins, the cryptocurrency derives much of its value from being scarce. Models such as those created by analysts like Plan B suggest this much is true.
Macro investor Raoul Pal is adamant that Bitcoin will undergo exponential growth this cycle.
In an interview with investment publication Stansberry Research last week, the former head of Goldman Sachs' hedge fund sales division said that Bitcoin is likely to reach a price of $1 million in the coming
Numerous exchange data points indicate that a prolonged Bitcoin uptrend is nearing. Chris Russi, CIO at Point-Slope Capital, shared three key metrics from CryptoQuant to show the overall optimism surrounding Bitcoin’s current price cycle.
Negative Netflows and Whale Ratios Suggest Dropping Selling Pressure
Throughout 2020, net outflows on cryptocurrency
Numerous exchange data points indicate that a prolonged Bitcoin uptrend is nearing. Chris Russi, CIO at Point-Slope Capital, shared three key metrics from CryptoQuant to show the overall optimism surrounding Bitcoin’s current price cycle.
Negative Netflows and Whale Ratios Suggest Dropping Selling Pressure
Throughout 2020, net outflows on cryptocurrency
Core to Bitcoin's role as an investment is its scarcity. With a disinflationary supply curve and a maximum supply of 21 million coins, the cryptocurrency derives much of its value from being scarce. Models such as those created by analysts like Plan B suggest this much is true.
Macro investor Raoul Pal is adamant that Bitcoin will undergo exponential growth this cycle.
In an interview with investment publication Stansberry Research last week, the former head of Goldman Sachs' hedge fund sales division said that Bitcoin is likely to reach a price of $1 million in the coming
Announced Friday morning, OKEx has frozen all withdrawals, from bitcoin to altcoin withdrawals. OKEx is a leading digital asset exchange that has processed over $3.35 billion in volume in the past 24 hours, data suggests.
The company says that one of its "private key holders" is currently
According to Hans Hauge, Head of Quantitative Strategy at Ikigai Asset Management, publicly traded companies now hold bitcoin worth as much as Bitcoin's entire market capitalization in April 2016.
In a tweet, Hauge said that "in April of 2016 #Bitcoin's market cap was $6.8
In a report released on October 14th, digital asset manager Grayscale Investments confirmed that it had seen $1.05 billion in capital inflows over the third quarter.
Its flagship product, the Grayscale Bitcoin Trust (GBTC), absorbed $719.3 million worth of bitcoin over this time frame. In aggregate, the Trust
BlueWallet, a Bitcoin-based mobile wallet, just shipped its latest update. Among a litany of fixes, the wallet now allows users to mix coins, conferring additional transaction privacy.
The inbuilt mixer, known as PayJoin, is a CoinJoin variant occurring between two parties that obscures transaction origins, making them harder to trace.
Real Vision Group CEO Raoul Pal foresees an impending “big move” for Bitcoin in the near term.
On his Twitter account, Pal shared a tweet showing that Bitcoin's historic 30-day volatility has dropped to 20% a total of seven times since 2016. Every time Bitcoin’s 30-day volatility
