309: BITCOIN PATTERNS MIRROR EARLY DAYS OF EPIC 4,400% BTC RALLY!! NEW DEFI CRYPTO NEXT TO EXPLODE!!

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - August 23, 2020 15:28 - 21 minutes - 10.2 MB - ★★★★ - 537 ratings
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Digital Asset Manager Grayscale says current investment patterns in Bitcoin mirror trends present in early 2016, when BTC kicked off an astronomical 4,400% rally to its all-time high in less than two years.

Phil Bonello, Grayscale’s director of research, reports that there is a growing number of investors holding on to their Bitcoin.

In Grayscale’s Holder vs. Speculator Index, the percentage of holder coins – BTC that have not moved in one to three years – is on the up and up. Meanwhile, the percentage of speculator coins – BTC that have moved in the last 90 days – is on a decline, much like in 2016.