Willy Woo Says Bitcoin Price Is in Early Main Bull Phase
Bitcoin is copying what it did a year before its $20,000 all time high, and the new bull market has been here for over a year already. That was according to popular statistician Willy Woo, who this week shed further light on Bitcoin’s current price gains.
Bitcoin fell from over $10,000 in February, to a low of $3,800 last week, but regardless of the chaos and resulting selloff, Bitcoin continues to follow the stock to flow model.
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In a letter to investors, Pompliano said, pension funds like the California Public Employees’ Retirement System will do well to invest in Bitcoin instead of increasing their allocations of illiquid assets.
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With Boomers now set to retire in mass, those more sympathetic to Bitcoin will have more options than ever to invest in it.
In total, Coinshares suggests, over 68 trillion dollars will transfer to Generation X, Millennials and Post Millennials over the next 20 years.
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Square Revealed in its first quarter earnings results that show Bitcoin brought in more revenue for it's Cash App than fiat.
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Dan Held is explaining why he believes Bitcoin’s current bull run could be part of a supercycle that takes Bitcoin all the way to one million dollars.
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Federal Reserve Board Governor Lael Brainard said the U.S. central bank has been testing distributed ledger technologies over the past several years to study what a digital currency might do to the existing payments ecosystem, monetary policy, financial stability and the banking sector.
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Wall Street veteran Max Keiser believes a supply shock will fuel Bitcoin’s rise to one million dollars and is convinced institutions will find ways to purchase Bitcoin directly from miners and effectively box retail investors out.
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