With a further halving in the history books of Bitcoin is still in the spotlight of the crypto-currency market. Investors seem to be optimistic about the future of crypto-currency.
Optimism to Bitcoin explodes
Data from The TIE-in show that bitcoin is a daily Sentiment score is the highest recorded since 2017 ever. The alternative data provider, claims that the positive conversations on Twitter have reached new Year highs and still on an upward trend.
The change of mood when the topic of Bitcoin can also be used in the “Crypto Fear and Greed Index” reading. The Index analyzes the emotions and moods of different sources and recently moved from the perception of “extreme fear” in the market in a “neutral” attitude – what, you can do it, you might already think, which is a positive sign.
Since Bitcoin cannot be harmed by the FUD (fear, uncertainty and doubt), nothing, gave him more and more retail investors is a vote of confidence. Now, more than three million Bitcoin addresses hold at least 0.1 BTC.
The are 14 percent more addresses than it is today, a year ago, Rafael Schultze-Kraft, co-founder and CTO of Glassnode.
And that’s not all. Even institutional investors to jump on the Bitcoin train.
Arcane Research confirmed in a recent report, the CME has won the Open Interest of the aggregated crypto market, a growing market share.
“On the CME of 15% (499 million USD in real Numbers) currently accounts for of the total Open Interest. The OI from CME swayed before the Crash in March between 4 -8%, but the Crash has marked the turning of a visible trend, as CME has gained market share.“
The institutional analysis emphasises that professional money managers have contributed much to the growth of the CME as they “would have increased Bitcoin (after) the attempt to allocate cash in a demonstrably scarce asset class”,.
Even the author of “Rich Dad Poor Dad”, Robert Kiyosaki, advocates Bitcoin as a hedge investment against the misguided government policy.
“The economy is dying. FED is incompetent. Next BAILOUT trillion in pensions. The hope is fading. Bought more Gold, silver and Bitcoin. GOLD to $ 1700. Expects to have 3000 dollars in 1 year. Silver to 17 $. 40 $ in 5 years predicted. Bitcoin is at $9800. Say 75000 $ in 3 years in advance. PRAY for the BEST – PREPARE for the WORST.“
A Bitcoin of $ 75,000, as of Kiyosaki expected, after the Stock-to-Flow model of Plan B as most likely. Now it is only a matter of time before a new bull cycle model starts on the basis of the S2F -.