Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Kraken Executive Says Bitcoin (BTC) in Its Infancy As New Analysis Reveals How Early Crypto Investors Are

by Daily Hodl Staff
May 6, 2020
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
ADVERTISEMENT

Kraken director of business development says Bitcoin is just getting started.

In a new viral tweet, Dan Held (aka Dan Hedl) says he believes that 10 years after the launch of BTC, holders of the top cryptocurrency can still be regarded as early investors.

If you are reading this you are still early to Bitcoin.

— Dan Hedl (@danheld) May 2, 2020

Rafael Schultze-Kraft, founder and analyst at the crypto data firm Glassnode, is backing up Held’s claims.

He cites data from his blockchain data platform that compares the market size of Bitcoin to that of gold, US treasuries and the global currency supply.

“And if you’re wondering just how early we are to #Bitcoin – take a look at its relative market size.”

Source: Glassnode/Twitter

The king coin’s market size is currently $165 billion, according to the latest data from CoinMarketCap.

While BTC was not spared from the Covid-19-induced economic downturn, it has fully recovered and is now up 24% since January 1st.

ADVERTISEMENT

Glassnode says overall market sentiment appears to be bullish on BTC, with on-chain activity rising significantly in recent weeks.

“Along with price, on-chain fundamentals are also recovering to pre-crash levels. January and February saw a significant increase in on-chain activity, which fell away in March but is now returning to previous levels…

[An] increase in the number of BTC sent per transaction suggests that the activity is being driven by larger investors, rather than traders and market opportunists.”

At time of writing, Bitcoin is up 2.57% in the last 24 hours at $9,230.



Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • First Charity Project Using NFT: All Profits From Sales of Content Produced by Miss Bitcoin To Be Donated
    April 15, 2021
  • MakiSwap Raises $1.4M From Leading Investors to Build AMM Platform on Huobi Eco Chain
    April 14, 2021
  • DigitalBits To Become Premier Choice for NFTs After Litemint Partnership
    April 13, 2021
  • Ethernity Chain Launches Authenticated NFT Marketplace to Curtail Fraud
    April 13, 2021
  • ConsenSys-Backed Virtue Poker Raises $5 Million Strategic Round
    April 12, 2021
  • Cometh Partners With Alchemix for “Wizards” Collection of Yield-Generating NFTs
    April 9, 2021
  • eToro Appoints Dr. Hedva Ber, Israel’s Former Banking Supervisor, As Deputy CEO and Global COO
    April 8, 2021
Submit a Guest Post
ADVERTISEMENT
ADVERTISEMENT
Bitcoin
$61,282.00
$61,282.00
2.65%
Ethereum
$2,402.70
$2,402.70
2.84%
Binance Coin
$531.34
$531.34
2.79%
XRP
$1.64
$1.64
7.01%
Polkadot
$42.03
$42.03
1.72%
Cardano
$1.41
$1.41
2.2%

Spotlight

  • Bitcoin, Ethereum and Three Other Crypto Assets Are Massively Undervalued, Says Top Analyst
    April 10, 2021
  • NYSE Leaps Into NFT Mania With ‘First Trade’ of 6 Hot Tech Stocks
    April 14, 2021
  • Major Price Manipulation Incoming for Bitcoin and Ethereum, Says Crypto Trader Austin Arnold
    April 12, 2021
  • Billionaire Mark Cuban Believes Bitcoin Will Replace Gold on Massive Scale
    April 9, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX

© 2020 The Daily Hodl

×