The Bitcoin bubble has not even started, says Analyst

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The price of Bitcoin has increased by a remarkable 100 % a few months ago, but an analyst believes that the true “bubble” has not even started.

to the cryptoquant-analyst Venturefounder, We still have to see the real BTC bubble. He argues that "bubbles form when the dynamics of short -term returns attract enough money to put the composition of investors from mostly long -term to mostly short -term investors". At the time of this letter, the short -term Hodler accounts for 17% of the offer distribution - a number that is at an all -time low. In addition, the narrative continues to immerse themselves in the reasons for the formation of bladder and says the following:

The formation of bubbles is not so much a question that people are irrational in long -term investments. It is about people who move somewhat rationally towards short -term trade to capture the momentum that has fed by themselves.

img1_twitter Twitter Another common method to measure where we are in the current market cycle, the interest of retail in BTC. How crypto potato earlier There are still no signs of Fomo (fear of missing something) on ​​the market, since private investors are by no means as many as in May of this year, let alone 2017.

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