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weekly-roundup

Bitcoin Network Demand Model Update

Bitcoin Network Demand Model Update

Week 26 2021 The Network Demand Model remains fully OFF this week, as price closed yesterday at $34,652. The Network Demand model remains in cash after selling bitcoin when the model moved to a 2/6 on 2nd June at $36,706. On-chain transaction value has stabilised, currently transferring

What would make institutional investors increase their Bitcoin allocations?

What would make institutional investors increase their Bitcoin allocations?

ByteTree Market Health Update; Issue 82 After the roller coaster ride in Bitcoin in recent weeks, I asked three of the leading ETF providers what would make their institutional clients allocate more money to Bitcoin? Daniel Masters, the Executive Chairman for CoinShares, said: “To the many institutions around the Globe

Why Wait for ETH 2.0

Why Wait for ETH 2.0

Ethereum's Layer 2 Solutions Ethereum has dominated innovation within digital finance, tokens, art, music and gaming through utilising its decentralised applications (dApps) and universal token standards (ERC-20, ERC-721, ERC-1155). However, this popularity has created two core problems: scalability issues and a loss of market share to “Ethereum Killers”

Bitcoin Network Demand Model Update

Bitcoin Network Demand Model Update

Week 25 2021 The Network demand model remains fully “OFF” this week, as price returns to the $33k level. In last week’s update, we noted that the price bouncing to $40k was likely a short-term response to Musk and MicroStrategy. Our view was that the underlying strength of the

Liquidity and Leverage: Why MicroStrategy Trades at a 100% Premium

Liquidity and Leverage: Why MicroStrategy Trades at a 100% Premium

ByteTree Market Health Update; Issue 81 Over the past 30 trading days, MicroStrategy (MSTR) has seen an average daily trading volume of $450m. With a market cap of $6.1bn, the company sees 7.3% of its stocks change hands each day. Contrast that to the $23bn Grayscale Bitcoin Trust

Bitcoin Network Demand Model Update

Bitcoin Network Demand Model Update

Week 24 2021 The Bitcoin network model moves to a “Full bear” this week with all indicators now “OFF”. Price has bounced from $33k to the $40k level as volatility has continues to rise to 112%. We view this as a short-term response triggered by Elon Musk’s encouraging words

Bitcoin ETF Investors Buy the Dip

Bitcoin ETF Investors Buy the Dip

ByteTree Market Health Update; Issue 80 This past year has seen $9.3bn invested in Bitcoin via the ETFs (and funds), and they now collectively own 809,105 BTC between them. That is 4.7% of the known active total Bitcoin supply and has become the single most important, measurable