“Money is flowing out of conventional assets into Bitcoin due to the escalating risks of global currency devaluation, technology disruption, social dislocation & political uncertainty. This is not a “rally” or “bubble” - it’s a chain reaction spreading like a fire in cyberspace.” - Michael Saylor, MicroStrategy


The digital asset market, like any other market, is fundamentally driven by human input. At the end of Q3 this year, the Bitcoin (BTC) network recorded 351 417 daily transactions and the industry continues to be mostly retail-aligned. Retail investors are particulary exposed to emotional investing and trading, furthermore the…


This article was additionally published by Coinmotion, the leading digital asset exchange in Nordics.

Arguably the most widely known investment product of digital asset industry, Grayscale’s Bitcoin Trust (ticker: GBTC), has evolved into the de facto indicator of bitcoin’s market sentiment. …


This article was additionally published by Coinmotion, the leading digital asset exchange in Nordics.

Metcalfe’s Law was originally presented in 1980 by Robert Metcalfe, describing “compatible communicating devices”. The theory was later refined in 1993 by George Gilder, referring to Ethernet. In its basic form, Metcalfe’s Law states that the…


This article was additionally published by Coinmotion, the leading digital asset exchange in Nordics.

Summary

  • Construing UTXO age distribution allows for pinpointing crucial bitcoin market cycles.
  • By historical data, multiple key UTXO bands are correlated with BTCUSD price movements.
  • Most recent early 2020 UTXO and price data shows distinct re-accumulation.
  • Address…


The unprecedented spread of COVID-19 has been a harsh wake-up for many. In addition to its imminent threat to certain risk segments, the virus opened our eyes to the fragility of our centralized infrastructure. Those associated in decentralized systems, like bitcoin, have probably gone through this thought process before: Decentralized…


Correlation between bitcoin and gold has been one of the favourite industry-related topics lately. Bitcoin’s key narrative as “digital gold” has been relevant as the asset is considered to be in the same scarce resource segment with physical gold. In 2019, bitcoin’s correlation with gold grew from May negative values…


Understanding bitcoin’s market behaviour requires deep assimilation into key fundamental indicators. In traditional stock market, P/E ratio (price to earnings ratio) has been the de facto instrument for security valuation. P/E ratio simply mirrors share price to its equivalent earnings per share. …


By dcresearch on The Capital

Bitcoin, the best performing asset of 2010s with 9 000 000 percent growth since July 2010, is an excellent instrument for portfolio diversification. While S&P 500 index performed notably well in 2019, surging over 29 percent, bitcoin’s performance was in its own class. Bitcoin rose over 90 percent during 2019…


The price performance of altcoins (alternative digital currencies to bitcoin) is by default measured in US dollars. Although USD is a good benchmark per se, its slightly inflatory features frequently give an overly optimistic perspective on the performance of digital asset.

Benchmarking altcoin’s performance compared with bitcoin gives us a…

dcresearch

Industry-leading research & consulting for bitcoin, digital asset, and fintech markets.

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