Bitcoin
BTC$56 258.13

-1.35%

Ethereum
ETH$4 489.75

-2.02%

Binance Coin
BNB$611.27

-1.84%

Tether
USDT$1.000332

-0.08%

Solana
SOL$228.23

0.71%

Cardano
ADA$1.67

7.55%

Composition of Bitcoin's investor base is rapidly shifting


07 Aug 2020

#Bitcoin

This shift comes as more investors start turning to the benchmark cryptocurrency due to its status as a “hard asset” – which many be sparking a trend of accumulation amongst investors. One group, in particular, that might be behind this trend is young investors. A recent analysis from banking giant JPMorgan shows that this group is widely accepting Bitcoin as both a store of value and as an alternative to the U.S. Dollar.

This trend was highlighted in a recent post from analytics firm Glassnode, in which they explain that over the past five years, the percentage of the BTC supply owned by entities with less than ten BTC has grown by nearly 9%. They also note that the percentage of the supply owned by entities holding between 100 and 100,000 BTC has declined from roughly 63% to 49.9% currently.

NewsBTC reported yesterday that a recent analysis put forth by JPMorgan revealed that the younger generations have a high inclination to invest in Bitcoin. “The two cohorts show divergence in their preference for ‘alternative’ currencies… The older cohorts prefer gold while the younger cohorts prefer bitcoin,” the bank’s analysts wrote.

Because Bitcoin is currently performing incredibly well against a backdrop of immense money printing and economic turbulence, there’s a high chance that this trend will only pick up steam as demand for “hard assets” continues growing.

Source


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 75.2% 52 $56 258.13 -1.35% -3.39% $1 062 685 871 647 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82.8% 32 $4 489.75 -2.02% 0.62% $532 409 655 839 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 80% 34 $611.27 -1.84% -6.27% $101 960 292 775 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000332 -0.08% -0.03% $74 127 743 219 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 70% 59 $228.23 0.71% 10.70% $69 756 769 207 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 63.6% 75 $1.67 7.55% 1.04% $55 541 807 746 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 68% 69 $0.966682 -1.39% -6.74% $45 673 121 634 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 95.6% 2 $1.000586 0.01% 0.05% $39 076 707 256 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 62% 77 $35.31 -2.83% -9.08% $34 868 955 794 DOT 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 59.2% 80 $0.206922 -0.17% -5.39% $27 388 014 340 DOGE 7 days price change
11 Terra (LUNA) LUNA Terra predictions 69.6% 68 $66.14 3.27% 50.17% $25 662 261 357 LUNA 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 61.2% 75 $106.91 -9.78% -8.11% $23 943 836 667 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 65.6% 78 $0.000042 -2.73% 1.55% $22 792 818 490 SHIB 7 days price change
14 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 56% 89 $0.692197 -3.51% -8.23% $17 486 981 094 CRO 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 68.4% 63 $2.09 -0.73% 11.57% $14 682 483 901 MATIC 7 days price change

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