What have you heard about the US? I have people coming out of the woodwork to pick my brain. They are buying, and when it drops they are unwavering and buy more. I am no longer alone, I cant speak for Wall St. but the little guys here are looking long term. This is a recent development, imo the new holders are not priced in yet. The rebound reflects this.
"I'm buying another one in honor of Jamie Dimon" and "Thanks China" this is what I'm seeing, newbies. Honestly, I was not expecting this just yet.
I think you're seeing a wave of people who during the recession couldn't afford to focus on bitcoin. In my case for example when the price was around 3-600 in 2013 I was too busy and couldn't afford anything in the way of really investigating the currency. It wasn't until I became slightly more stable that I took a look and realized I needed to get in in any constructive way as soon as possible. I think what you are seeing are people in situations like mine. Also in the past few years alone the entire market seems to have become even more open, accessible and intuitive to new users who have less technical prowess. From code to exchanges like latin to english. (Reference to the reformation). Just food for thought.
