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The Mounting Evidence of a New Bitcoin Bull Market
From positive price indicators to a new all time high in smallholder addresses, this is the evidence a new bull run might be starting.
From positive price indicators to a new all time high in smallholder addresses, this is the evidence a new bull run might be starting.
STORY CONTINUES BELOW
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
This week’s Breakdown Weekly Recap is all about that vibe you’ve been feeling - that inescapable notion a new crypto bull market is afoot.
See also: How Real Is Bitcoin’s Rally? 8 Interpretations of Bitcoin’s Massive Surge
NLW looks at the evidence:
- Rising gold price
- Recirculation of crypto money out of zombie protocols
- New growth in small holder addresses
- Demand from emerging market p2p markets
It’s just possible this new bitcoin bull market isn’t just starting to be seen in narratives, but is also showing up in numbers.
This week on The Breakdown:
Monday | Rage Against the Economic Machine: The Best of the Breakdown July 2020
Tuesday | Can Social Media Be Redeemed? Feat. Bobby Goodlatte
Wednesday |Hedgeye CEO Keith McCullough on Stagflation, Bitcoin and the Devalued Dollar
Thursday | The History, Present and Future of Central Banks, Feat. George Selgin
Friday | 11 Numbers That Tell the Story of the Economy Right Now
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
