Why A “Boring” Bitcoin Could Be A Good Thing - BitcoinEthereumNews.com
BTC sticking close to pink demand line | Source: kabaBitcoin Behaving Like A Traditional Asset Now, one of the great gospels of bitcoin is how different the digital asset is from traditional risk assets. Nevertheless, as more time has passed and adoption is growing, it is begining to behave more like a traditional risk asset. As more understanding comes, the investors who are purchasing the asset move from simply a price standpoint and move towards more efficient accumulation. Timmer notes in his Twitter thread that institutional investors have likely come up with their own models which will help them know when a good time to buy bitcoin is. This could help them map out if they can get a 1.5x or 3x return from buying at a particular price. BTC trading in the mid-$42,000s | Source: BTCUSD sa TradingView.com “For instance, If the demand model says that Bitcoins intrinsic value is $50k today and $100k two years from now (my thesis), then at $30k Bitcoin is going to look a lot better than at $70k,” he noted. Adding that “Price is what you pay but value is what you get.” Mga Kaugnay na Pagbabasa | Paano Nagpapakita ang Bitcoin Futures Premiums ng Mga Palatandaan ng