Veteran macro investor Dan Tapiero sees “huge opportunity” for Bitcoin as investors cautiously turn to cash.
Data from Refinitiv Lipper showed investors sitting atop a circa $5 trillion worth of money-market funds.
Mr. Tapiero noted that cash investments return zero yields to investors, which may prompt them to enter riskier markets like stocks, gold, and Bitcoin.
Nothing behaved as safe-haven during the infamous global market rout of March 2020, except cash.
A brutal sell-off caught investors in the stock, bitcoin, gold, and bond markets by surprise. What triggered the first round of declines was the growing number of virus cases in the U.S. that led the Donald Trump government to announce a nationwide lockdown.
Investors panicked and sold-off their profitable risk-on holdings to seek cash. Some of them joined the negative rally to cover their margin calls to avoid facing losses from their overleveraged positions. As a result, every asset, including Bitcoin, fell, leaving cash as the only king.
Cash-Pile Balloons
Three months after the crash, global research firm Refinitiv Lipper found that investors now hold about $4.6 trillion in money-market funds, its highest on record. The analysts further confirmed a spike in the amount held as bank deposits, suggesting that investors are struggling to find low-risk investments in the current volatile markets.
Chart showing assets in money-market funds. Source: The Wall Street Journal
But Dan Tapeiro, the co-founder of Gold Bullion International, sees a sentimental shift. The veteran macro investor on Thursday wrote that investors might start offloading their fiat positions to enter riskier markets, adding that holding cash is returning nothing but zero yields.
Mr. Tapeiro explained that investors who were fearful of the stock market’s erratic moves earlier are now looking at it recovering all its yearly losses. He added that “such great negativity/fear [are] not usually present at the equity market tops.”
The analogy also applies to Bitcoin, whose post-March recovery topped by over 150 percent in June. Mr. Taperio noted that the cryptocurrency now has a “huge opportunity” to attract a portion of that $ 5 trillion cash-pile should the risk-on sentiment return.
“Dash to cash [is] most surprising because it all yields near [zero],” said Mr. Tapeiro. “Huge opportunity cost vs equity, gold, and bitcoin.”
Bitcoin Rally Overblown?
Some are fearful that Bitcoin, as well as the stock market, has rallied too quickly and too far against a depressive economic outlook. The gains have appeared without a more significant presence of institutional investors, and have borrowed fat mostly from the speculative retail traders.
Robinhood makes about $100m selling order flow. Here's a nice breakdown of who is paying for it: https://t.co/09l0od2rmk
— Eric Balchunas (@EricBalchunas) June 15, 2020
Observers note that Robinhood, a zero-fee trading app, is at the centerstage of both the stock market and bitcoin’s price rallies in Q2/2020.
“We have heard anecdotally about younger individuals with less market experience viewing the March plunge as a unique time to start portfolios and often crowding into the tech arena, purchasing the stocks whose services or products they know and use,” said Tobias Levkovich, Citi’s chief U.S. equity strategist.
That is pushing mainstream investors into a safety zone of cash. Ideally, retail traders need to exit their positions to neutralize the market sentiment – and couple it with the economic reality of poor corporate returns and rising joblessness.
Nevertheless, the scenario improves Bitcoin’s long-term outlook. Like Mr. Tapeiro highlighted, investors cannot forever sit at the sidelines of a bullish market. They would need to move away from zero-yielding cash markets and increase their positions in the stock and bitcoin market. origin »
U. S. spot Bitcoin exchange-traded funds saw renewed inflows on Nov. 27 as investor sentiment toward the flagship cryptocurrency improved, driven by Bitcoin’s rally toward the $100K milestone.
: Bitcoin’s recent price drop signals a cooling of U. S. investor interest, with key market indicators pointing to continued downward pressure. If the trend persists, Bitcoin could test lower support levels.
Bitcoin ETF cumulative inflows reach $21 billion, with BTC around $2,500 shy of $70,000.
IBIT emerges as the market leader.
Bitcoin’s [BTC] recent price journey has been nothing short of iThe post Bitcoin ETFs steal gold’s thunder: Analyst explains investor shift appeared first on AMBCrypto.
On-chain data shows that Bitcoin investors have recently been scooping up supply equal to 5.5 times what the miners have produced. Bitcoin Investor Cohorts Have Been Busy Accumulating Recently In a post on X, analyst James Van Straten discussed the accumulation that Bitcoin investor cohorts have been participating in and how it compares with the […]
The recent launch of a new batch of U. S. bitcoin exchange-traded funds (ETFs) has garnered substantial investor attention, marking a significant moment in the cryptocurrency market. In just the first three days of trading, investors have injected a remarkable $1.
Monitoring the movement of Bitcoin‘s supply, particularly when categorized by the time since last active, is pivotal for understanding investor behavior and forecasting market trends. This analysis sheds light on the current state of Bitcoin holdings and provides critical insights into its future movements.
The Bitcoin market has become marked by exhaustion as prices continue to trade sideways.
Day traders reduced accumulation as many become uncertain of the coin's next direction.
Bitcoin [BTC]The post Bitcoin needs volatility and price breakouts to snap investor apathy appeared first on AMBCrypto.
Chinese publicly listed firm Success Universe Group Ltd, which is a major investor in Macau-based casino and hotel resort Ponte 16, announced that it has purchased 24. 3 Bitcoin ($1. 35 million currently) as part of its portfolio diversification strategy, Inside Asian Gaming reported today.
There seems to be a typical pattern for Bitcoin critics who are making more positive comments about Bitcoin, years after underestimating the assets’ potential. In the same way that a handful of these Billionaires are backpedaling on their previous viewpoints, Howard Marks, the legendary Billionaire investor who is the co-founder and co-chairman of Oaktree Capital […]
Bitcoin has been, by far, one of the market's best-performing assets, despite periods of stagnation in 2020. Given the present economic condition and the uncertainty that is prevalent, Bitcoin has beeThe post Bitcoin - How risky is the institutional investor's favorite? appeared first on AMBCrypto.
Bitcoin’s sharp recovery from its meltdown in mid-March has revitalized its investor base, leading positive sentiment to flourish amongst market participants.
The post This data shows Bitcoin could soon see a retail investor frenzy appeared first on CryptoSlate.
The investor sharks on ABC’s hit show Shark Tank for startups may be ruthless, but one of them has a soft spot for Bitcoin. Robert Herjavec was featured in a segment on precious metal company Kitco’s news program and took the opportunity to declare his support for the leading cryptocurrency over gold.
During its three major price cycles, Bitcoin investor behavior has demonstrated a more nuanced range of emotions than just fear and greed. Coin Metrics examined Bitcoin investor behavior during the three major BTC cycles around peaks, lows, and mid-cycle corrections.
Several prominent blockchain company executives have said that a recent study claiming a single investor likely manipulated Bitcoin to its record high of $20,000 in December 2017 is misleading and that it is based on a misunderstanding.
Bitcoin investor, runner of Ikigai Asset Management, Travis Kling has suggested in a CNN interview that Bitcoin is an immutable, DLT-based digital store of value
Bitcoin (BTC) has continued to stumble into the weekend. As reported by NewsBTC yesterday, the cryptocurrency has found itself under the key $10,000 price point, managing to lose five digits for the umpteenth time in a matter of weeks.
Entrepreneur, investor, and author James Altucher is one of a growing number of individuals who believe Bitcoin will astound the planet with its price in the relative short-term. Appearing on Kitco News earlier, he stated that a $1 million dollar Bitcoin was indeed possible by 2020.
An American Bitcoin investor, Chad Elwartowski, believed to be part of the first group of people to invest and…
The post Thai Navy Raids American Bitcoin Investor’s Floating Home Off the Coast of Thailand appeared first on Invest In Blockchain.
Satoshi Nakamoto, the pseudonymous creator of the Bitcoin protocol, always expressed an inkling of mistrust and cynicism towards centralized institutions, including Wall Street and the incumbent government.
Bitcoin is still in a bear market with its price stable in the mid-$6,000 range. While the majority of experts see the price of the dominant cryptocurrency recovering in the months ahead, one investor sees Bitcoin price going down to $3,000.
With the eighth month of the year right around the corner, Bitcoin seems to have consolidated its position near the $8,000 mark. Increased Adoption and Institutional Investors are Driving Bitcoin Demand Tech investor and entrepreneur Kin-Wai Lau believes that Bitcoin is riding another wave of enthusiasm.
Billionaire investor, Bill Miller believes Bitcoin is the cream of the crop as far as cryptocurrencies are concerned. The founder and chief investment officer (CIO) of Miller Value Partners also thinks that the top-ranked cryptocurrency is similar to gold.
Famous Bitcoin early investor Jeffrey Wernick — who also got into Uber and Airbnb as an angel investor — recently told Business Insider that people get a lot of things wrong about the first and foremost cryptocurrency.
Инвестор должен понимать, как обезопасить себя от ненадежных инвестиций в blockchain-проект, и не потерять свои деньги.
Сообщение Как проверить надежность blockchain-проекта будущему инвестору появились сначала на Freedman.
Ранние Bitcoin-инвесторы продолжают делать ставку на потенциал криптовалют. Ангел-инвестор Джеффри Верник (Jeffrey Wernick), начавший инвестировать в Bitcoin еще в 2009 году, уверен в его перспективе.
Ангел-инвестор Джеффри Верник (Jeffrey Wernick), начавший инвестировать в bitcoin еще в 2009 году, уверен в его перспективе. Он считает, что ценность этой криптовалюты позволит «решить самые большие проблемы с традиционными фиатными деньгами».
Ранние инвесторы криптовалюты биткойн продолжают делать ставку на потенциал актива побороть все проблемы фиатных валют.
Сообщение Инвестор Джеффри Верник считает, что биткойн решит самые большие проблемы фиатных валют появились сначала на Freedman.
Джеймс Алтучер разослал своим подписчикам e-mail письма, в которых утверждал, что Amazon уже в октябре текущего года начнет принимать к оплате Bitcoin. Напомним, Джеймс Алтучер – успешный инвестор из США и создатель популярных подкастов.
Питер Шифф, инвестор, является одним из сторонников идеи «биткоин – мыльный пузырь» и видит ситуацию в криптовалютно мире исключительно в мрачных тонах. Сейчас инвестор, как никогда прежде, уверен, что рынок криптовалюту канет в лету.
В ноябре мы писали о кроссплатформенной криптовалюте Metronome. Интерес вызвала не только система продажи в виде аукциона с понижением цены, но и команда разработчиков. В их числе также оказались инвестор Мэттью Розак и бывший разработчик Bitcoin Core Джефф Гарзик.
Один из пионеров венчурного бизнеса США, основатель компании Draper Fisher Jurvetson (DJF) Тим Дрейпер (Tim Draper) считает, что bitcoin через четыре года будет стоить $250 тысяч за монету. Такое мнение миллиардер высказал изданию TheStreet.
Bitcoin price is consolidating above the $95,000 support zone. BTC must settle above the $100,000 level to start a fresh increase in the near term. Bitcoin started a fresh increase from the $94,200 zone.
Bitcoin price started a fresh upward move above $100,000. BTC is facing resistance at $103,000 and might aim for an upside break. Bitcoin started a decent upward move above the $100,000 zone. The price is trading below $103,200 and the 100 hourly Simple moving average.
Bitcoin price settled above the $100,500 resistance zone. BTC is consolidating gains and might aim for a fresh increase above the $105,000 zone. Bitcoin started a downside correction from the $106,800 zone.
Bitcoin price started a short-term downside correction from the $106,250 zone. BTC is consolidating above $100,000 and might aim for a fresh increase. Bitcoin started a downside correction from the $106,250 zone.