Saylor believes that Bitcoin will maintain strong dominance and perhaps even grow to over 80%. His expectation is based on the growing hash rate, as well as the improving regulatory environment.
Saylor’s confidence is based on the expectation that Bitcoin will remain dominant and attract institutions. However, the king coin is yet to recover from the loss of institutional liquidity courtesy of the crash of 2022.
Regulatory uncertainty further exasperated the situation, but BTC institutional demand may turn a new leaf now that the regulatory situation seemed to be improving.The Purpose Bitcoin ETF Holdings metric is the best way to understand the situation related to institutional investors. As per the chart below, there were a lot of swings based on seasonal demand and sell pressure.
The latest wave of sell pressure started in mid-April and recently slowed down, sparking conversation of a possible pivot.The same institutional metric indicated that some accumulation had been taking place in the last few days. However, investors should not expect a sudden surge. This is becauseThe Bitcoin dominance surge comes amid some excitement regarding the price bounce from a key support line.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
50 Hilariously Relatable Memes About Mostly Everything, Courtesy Of This Instagram Page50 Hilariously Relatable Memes About Mostly Everything, Courtesy Of This Instagram Page Hilariously Memes
Lire la suite »
50 Interesting, Weird, And Disturbing Finds Shared On This Online Twitter Museum (New Pics)50 Interesting, Weird, And Disturbing Finds Shared On This Online Twitter Museum (New Pics) Weird Museum
Lire la suite »
Bitcoin bulls sally past $26.2k – time for a rally?The market structure and momentum of Bitcoin was bearish, but its bounce back above $26k gave bears some food for thought.
Lire la suite »
Bitcoin fulfills important prediction – What’s next?Bitcoin’s ability to bounce back strong will depend on the level of demand currently in the market. Whales holding over 1,000 BTC have been offloading coins for the last four weeks.
Lire la suite »
Bitcoin miners affected as network difficulty reaches…Bitcoin miners ride a rollercoaster of challenges. Surging outflow and declining revenue add to their woes amidst a bearish trend and rising network difficulty.
Lire la suite »
Why Bitcoin’s future rests on whale accumulationDespite market volatility, Bitcoin's whale accumulation rose, potentially driving short-term price improvements while raising concerns about retail investor vulnerability.
Lire la suite »