Only 8% of financial advisors expect Bitcoin to go to zero (down from 14% last year).
76% of advisors said clients asked about crypto in 2019.
Bitwise 2020 Benchmark Survey of Financial Advisor Attitudes Toward Crypto: https://t.co/lTqJuSKRKF
Great data from @bitwise 🙏
12,580,00 bitcoin have not moved in over a year.
Even with a 70% increase in price during that time, those millions of bitcoin were not moved, sold or likely traded.
Hodlers of last resort are insane.
Bitcoin difficulty adjustments alter the difficulty of miners finding blocks.
Bitcoin has had 8 months where the difficulty adjustment was lower than the prior month.
These decreases have done a good job of locating cyclical bottoms.
Miner capitulation - Is the bottom in?
The good news is that all the Millennial Bitcoin hodlers who are about to get wiped out in #Bitcoin are still young enough to make their money back. They will also have a lifetime to benefit from the wisdom that comes from losing money and leaning from your mistakes.
From crypto company LedgerX
"Effective immediately, co-founders and executives Paul and Juthica Chou have been placed on administrative leave."
https://t.co/t1Q6wIav7j
We just launched two new products:
• Bakkt Bitcoin Monthly Options:
The first CFTC regulated option on futures contract for bitcoin
• Bakkt Bitcoin Cash Settled Futures:
A new cash settled futures contract available on ICE Futures Singapore
https://t.co/7CqqZXRJKN
I will be hosting the 1st ever Peter Schiff Bitcoin challenge live on my Youtube channel on Monday July 15th at 9 PM EDT. If you think you can change my mind on Bitcoin, here’s your chance. Bring your best argument and be prepare to defend it.
The idea that Bitcoin is just like gold is utter nonsense. Bitcoin is nothing like gold. It’s fool’s gold. There is not a single use case where Bitcoin can be used as a substitute for gold. Plus the gold price never falls by over 25% in less than 24 hours!
For the first time in 2019, the "Real 10" volume of bitcoin, which refers to the daily volume from 10 exchanges acknowledged to have real volume by Bitwise, is nearing $5 billion. BitMEX volume also surpassed $11 billion.
South Korea now all in on Blockchain, favorable regulation on the way.I’ve been there & covered S.Korea several times. It has very fast tech adoption and it can easily become the World leader.
Last time the market cap was $220bn Korea was “banning” Crypto
https://t.co/AReMkW4wVu
Hardly anyone who traded #bitcoin from $0 to $20,000 did better than those who bought and held. There is only one strategy to winning in the long run and that is to buy and hold. Trading will get you rekt sooner or later.