Who has been buying this rally? It's smart money... High Net Worth Individuals. You can see the average transaction value between investors taking a big jump upwards. OTC desks are seeing this too.
Bitcoin is still in it's stealth phase of its bull run.
The technical challenges with making a secure cryptographic voting system are significant (and often underestimated), but IMO this is directionally 100% correct.
The rate of Bitcoin user adoption took a step change UP last month. This latest round of bullish price action has been supported by organic buyers.
Interestingly it happened BEFORE the PayPal announcement.
Regardless of who wins from here, I definitely think that the prediction markets have proven themselves more accurate than the polls/models this time around.
- #SEC Makes It Easier for #Crypto Startups to Raise Funds
- Monthly decentralized exchange volumes declined in October, falling to $18.5 billion
- #Huobi says all is fine amid massive USDT exchange deposits and #BTC withdrawals
- Lagarde Seeks Public Comments About a Digital Euro, Implying a Broad Retail Offering Is Now on the Table
- As Bitcoin Reaches Jan 2018 Prices, So Do Transaction Fees