Market sentiment is shifting following the recent sell-off in the Grayscale Bitcoin Trust (GBTC), and the good news is it looks to be slowing. We also have emerging insights into the entities accumulating Bitcoin potentially offering unexpected findings. This new hypothesis is supported by empirical data.
This is a link to our Bitcoin-only playlist:
https://www.youtube.com/playlist?list=PLWTRLGkkf1kTTbIDdv-P6ykul7a8iUXYf
We have 27 days to go!
Now, people are referring to Bitcoin as a key disruptive portfolio asset, which is really cool and well overdue. It's only 14 years too late!
Bernstein said that Bitcoin should be at $90,000 by the end of the year. That is not bad, considering it is ~$64K right now. Compared to traditional markets, that would be an amazing return. In addition, Bernstein was encouraging investors to buy miners.
Mr. 100 has sparked a lot of interest. I am still determining exactly who it is, but I have a number of theories. I know it's a wallet on Upbit, but considering size and regularity of purchases, it has all the earmarks of not being an exchange wallet. It is somebody buying Bitcoin and socking it away in an exclusive arrangement. It could be a Korean billionaire, a Japanese pension fund, or Qatar. We may find out in time.
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