Bitcoin Investors Have Become Less Fearful After the May Crash

Since the price of BTC crashed by 60%, from $50,000 to $30,000, the general sentiment in investors has come down to neutral levels. In addition, The Fear and Greed index has returned to a less fearful state. The Fear and Greed index is a popular tracking website that calculates multiple data kinds, such as volume, social media, surveys, and volatility. It thereby gives the general feelings of investors in the current landscape of the BTC market. Normalized Sentiments The price…

Indian Billionaire Implores The Country’s Regulators To Ban Bitcoin

Rakesh Jhunjhunwala, an Indian billionaire investor and partner in the asset management firm, Rare Enterprises, has called on its financial regulators to place a ban on cryptocurrencies, especially bitcoin. A Speculative Investment According to a CNBC report on Tuesday, Jhunjhunwala said that crypto trading is the highest form of speculative investment and that he had no intention of joining the trend. Popularly referred to as "India's Warren Buffet," Jhunjhunwala does not hide his dislike for the top cryptocurrency, bitcoin. He…

23% of Crypto Holders Have a Plan for Beneficiaries’ Access to their Assets After Death

The number of cryptocurrency investors has increased hugely in the last decade. Data from Coinmetrics.io shows that there are 12,000 Bitcoin millionaires worldwide at the moment. However, some people die every year with their family not having access to their Bitcoin holdings. Based on the estimates by Coincover, about 4 million Bitcoins valued at almost $40 billion has been forever lost because of death. The Cremation Institute carried out new research which shows that 89 percent of cryptocurrency investors worry about what will happen…

Bitcoin Continues to Get Closer To Being a Safe Haven Asset

Many people consider Bitcoin a store of value and they look for opportunities to buy when its price declines. This is one of the reasons it is called digital gold. Bitcoin is likewise hard money with a limited supply and despite being digital, it does not encounter the challenges faced by gold. The cryptocurrency is becoming scarcer every day even as its inflation has declined after the completion of its block reward halving. Additionally, hodlers’ attitude shows that they have…

Investors Moved Over 310,000 Bitcoins from Exchanges since Mid-March Crash

The market crash that happened in mid-March and popularly called “Black Thursday” was serious such that it has prompted a far-reaching shift in dynamics among Bitcoin investors. The day was unforgettable for cryptocurrency investors as the market incurred a serious selloff triggered by liquidations on BitMEX platform. A remarkable change initiated by the event is the dip in Bitcoin balance on exchanges. According to data, the amount of Bitcoin removed from exchanges after the crash was more than 310,000. Perhaps…