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Author Topic: [2019-05-26] Bitcoin May Be Entering 2-3 Bull Market Now, Morgan Creek CEO Says  (Read 79 times)
Jgilpulg
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May 26, 2019, 08:49:13 PM
 #1

Bitcoin exchanges are already seeing all-time high volumes, with futures reaching 1.2 billion USD. Meanwhile, both retail investors, as well as financial institutions, such as Fidelity, are moving back into the crypto market.

https://bitcoinist.com/bitcoin-two-three-year-bull-market-pompliano/

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CryptoBry
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May 27, 2019, 02:06:33 AM
 #2

Bitcoin exchanges are already seeing all-time high volumes, with futures reaching 1.2 billion USD. Meanwhile, both retail investors, as well as financial institutions, such as Fidelity, are moving back into the crypto market.

Right now, figures are speaking volume of the overall very positive market sentiment. I am sure that there are now many financial firms already looking at bitcoin and the whole cryptocurrency and finding ways how they can made good money especially that stocks are tanking. We are really in the very exciting times for bitcoin and soon a big FOMO will start to be forming.

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May 27, 2019, 06:50:20 AM
 #3

The article is not saying much, it just puts more emphasis on the scarcity that will increase in 2020 when the Halving event takes place. I would have thought that it would have been backed with 3 motivating factors on why the market for Bitcoin would increase, apart from scarcity and the trade wars between the USA and China.  Roll Eyes

One of the major influences is only briefly mentioned and that is the possible entry of institutional capital via investment companies like Fidelity and what significant impact that will have on the price of Bitcoin in the future.  Wink

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May 27, 2019, 08:23:26 AM
 #4

The article is not saying much, it just puts more emphasis on the scarcity that will increase in 2020 when the Halving event takes place. I would have thought that it would have been backed with 3 motivating factors on why the market for Bitcoin would increase, apart from scarcity and the trade wars between the USA and China.  Roll Eyes

One of the major influences is only briefly mentioned and that is the possible entry of institutional capital via investment companies like Fidelity and what significant impact that will have on the price of Bitcoin in the future.  Wink

The impact of the entrance of the so-called institutional money can soon be felt in the bitcoin market and in my opinion this is huge and can even be the main factor for the continuing rise of the price of bitcoin. I am predicting that next year is the year when this part of the market will really boom and explode pushing bitcoin to the "moon". 

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May 27, 2019, 11:38:23 AM
 #5

Yet again the focus is on a bull market. I get it that bull markets are important, but what's happening under the hood is just as important. Without Bitcoin there are no crazy bull markets, so people should have a little more understanding.

As for the institutions entering this space, it's such a waste of time waiting for this to happen. We have always pumped hard without them back in the days, and I don't see why we can't do it again without them.

Sure, it's good to see this space become more professional and more liquid, but come on, you won't find out they're in until they announce it themselves, and I don't think they will do that with how thinly traded this market still is.

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May 27, 2019, 07:27:20 PM
 #6

The impact of the entrance of the so-called institutional money can soon be felt in the bitcoin market and in my opinion this is huge and can even be the main factor for the continuing rise of the price of bitcoin. I am predicting that next year is the year when this part of the market will really boom and explode pushing bitcoin to the "moon".  

Institutions are here already. Institutions like Fidelity are setting up the infrastructure so that they can sell coins to their clients.

Most of the buying that we have seen in the last couple of months were very likely institutions taking positions in this market, which focused mainly on Bitcoin. If it were the retailers and shitty crypto funds, the market as a whole would move up simultaneously where altcoins as always went up twice as hard, which they haven't really been doing lately.

I'm sure that when we smash through $20,000 people will still be like; they're coming.  Cheesy

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May 28, 2019, 12:45:13 AM
 #7

That's a very good news when bitcoin have entered 2-3 bull market that could possibly goes high near the All Time High price on 2017. We should expect more investors and traders would back on bitcoin and continue the support of it.

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May 28, 2019, 09:44:18 PM
 #8

It's definitely possible given what we saw in the past with the cycles that exist within the BTC market.

Prices have always moved in approximately 4 year cycles so far as long as bitcoin has existed. With the halving coming up, the scarcity of newly mined coins will only increase, which will lead to both tangible and psychological factors that will contribute to BTC rallying imo.

Though, it'll be interesting to see whether or not the new institutional investors will have any impact on the length and size of the bull market. Personally, I think with a bigger market cap, we'll see less of flash crashes and rallies, and a generally more stable market - but potentially less percentage gain as well.

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