News
"Bond King" Jeffrey Gundlach, CEO of DoubleLine Capital, now says bitcoin could be a better bet than gold.@TruthGundlach
Via @godbole17 https://t.co/VGU3jzMse1
— CoinDesk (@CoinDesk) February 18, 2021
And the survey says… Only 5% of CFO’s surveyed plan to buy Bitcoin in 2021. What are they waiting for? https://t.co/09GFQ0uShs
— Cointelegraph (@Cointelegraph) February 17, 2021
The number of Bitcoin whales is increasing as the price of BTC continues to rise, strengthening the foundation of the rally. https://t.co/o2Dh72XF4R
— Cointelegraph (@Cointelegraph) February 18, 2021
Charts
Jumps in the amount of stablecoins held on exchanges has not always mapped to BTC price increases over the past year, but the recent rally has been accompanied by a stablecoin build-up. And check out the February surge… pic.twitter.com/P77tEOs1xZ
— CoinDesk Research (@CoinDeskData) February 17, 2021
This chart from @kaikodata shows the impact the entrance of @LMAX Digital into the market had on market shares – @Coinbase held its own and even grew a bit, while others saw their market share shrink.https://t.co/VcKVCVW62W pic.twitter.com/v98bk0Whjd
— CoinDesk Research (@CoinDeskData) February 18, 2021
Analysis
Bitcoin's market cap is more than 2x that of Visa, the listed financial services company with the largest current market cap. (Note this is not an apples-to-apples comparison since #bitcoin are not shares, but it is an interesting illustration.) https://t.co/WGyfzzBnmj pic.twitter.com/Nl5OjQvVZf
— CoinDesk Research (@CoinDeskData) February 18, 2021
According to @coinmetrics, only ~42% of total BTC supply has been moved on-chain within the last year, showing that most BTC is held for long-term investment rather than trading. It has been increasing since October 2020 but is still near all-time lows.https://t.co/iPgVSrpFaU pic.twitter.com/gih6dBjfgo
— CoinDesk Research (@CoinDeskData) February 17, 2021
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