The TIPPING POINT for Bitcoin! Where to Next?
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– TIMESTAMPS –
0: 00 Intro
1: 51 Bitcoin Adoption
5: 14 Institutional Adoption
8: 17 Regulatory Clarity
10: 14 BTC Markets Evolve
12: 40 Macro Factors
15: 33 From VCs To Endowments
17: 47 Risks & Challenges
22: 17 Final Thoughts
> City Report: I
> Glassnode Charts:
> HSB Survey: y
> Institutions Buying: y
> Inflation Incoming:
> Stock to Flow 5
> Fidelity digital assets study: t
They discuss the evolution of crypto markets. It is easy to see how Bitcoin has evolved from a relatively new technology to an accepted currency.
They also raise the possibility that governments could ban or limit bitcoin’s spread. They cite an HSB report that at least 36% of SME businesses in the US accept Bitcoin.
They discuss some recent corporate Bitcoin purchases that raised eyebrows.
This is due to Bitcoin’s transformation from a “medium for exchange” to a digital gold.
They also discussed the huge growth in OTC dealers within the space. According to the report, they have now gone almost electronic and the spread on these trades has gone down from 50 to 200 basis points to 5 to 10.
They also highlight another interesting trend: the rapid growth of custody services. Many banks and asset management companies offer custody solutions.
They believe that there are many US regulatory issues that will shape the narrative in this year’s United States.
– The Financial Action Task Force travel policy
– Securities Exchange Commission Cryptocurrency Custody letters
– The Office of the Comptroller of the Currency (OCC), Interpretive Letter on Banks Using Blockchain Networks for Payments
Broader Market Trends
They speak of the growing liquidity and greater depth in the Bitcoin market. In terms of OTC trading, I have already mentioned that increasing liquidity and depth means more favorable conditions for institutions.
This site has seen a lot of volume. Crypto Quant, who were working in early 2021,, noted that transactions between addresses and exchanges had been declining over the past few years.
Volume has exploded on large centralised exchanges in the last year. They are at levels not seen since 2017..
Another interesting trend is the decrease in the premium for “Grayscale”. This indicates that the market is maturing.
Capital efficiency is one of the biggest barriers to institutional investors entering the market. All financing and trading is pre-funded. All lending is over collateralized.
They also mention concerns about insurance and custody. There are many custody options available, but none that will suit all investors.
We also have to answer the endless questions about Tether and concerns about the environmental risks associated with mining Bitcoin.
Information contained in this document is provided for informational purposes only. This information is not intended to be considered financial or tax advice. This video contains only the views of the speaker, who is not licensed to act as a financial advisor or registered investor advisor. There is a high risk of losing your money when trading Forex, cryptocurrencies, and CFDs. The speaker cannot guarantee any outcome.
#Bitcoin #BTC #crypto #citigroup #exchanges
I’m a journalist who specializes in investigative reporting and writing. I have written for the New York Times and other publications.