After saving the S&P500, speculating in the oil derivative market, the retail investors is still looking for ways to invest. This time I focus on bitcoin following this Coindesk article.
The basis is a sharp increase of the number of bitcoin addresses with a balance > 0.1BTC (around $700) since the FED is printing money. Notice that having a wallet at an exchange doesn’t count (you are blended inside the exchange wallets).
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We can see that in Google Trends as well.
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Coinbase is seeing an increase of deposit that match the $1200 stimulus check package.
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In any case, this is not huge as depicted by the “buy bitcoin” search below. We are way below the 2017 trend.
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The start of a mainstream bitcoin interest or just an opportunity for some techies, we will see.
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