There are two analysts that I closely follow for levelheaded analysis of Bitcoin price and potential.
The first is Bob Loukas who tweets occasionally and publishes regular YouTube videos: https://www.youtube.com/channel/UC0zGwzu0zzCImC1BwPuWyXQ
The second is David P Bitcoin who tweets regularly and publishes a monthly Substack: https://twitter.com/davidpbitcoin
I want to share a few excerpts from David’s most recent October newsletter, which is especially relevant given Bitcoin’s recent price gains.
Counter to the narrative that retail is driving the increase:
October exhibited a clear demarcation between institutional and retail investors. Both whale tiers and the Great Whites experienced address expansion while the Tiger Sharks, Fish and Minnows all experienced contractions. The same is true for coin accumulation, although the Orcas experienced a net coin loss due to the very strong accumulation by the Blue Whales (BWs). While I philosophically prefer more decentralization in terms of coin distribution, there is no denying that the price of BTC benefits when institutions are in accumulation mode as they are now.
On the anticipated US Bitcoin ETF approval:
I think total inflows might even exceed many expectations due to Capitalism 101. i.e., As many as a dozen ETFs could be approved simultaneously, and given how important “first-mover” advantage is, each of the approved issuers will be marketing their ETFs like mad, all trying to grab as much of the pie as they can in an effort to become market leader
I strongly recommend both guys. I’m always looking to learn from new sources, so please share!
*dalle-3 once again wow-ing me…