Bitcoin
BTC$63 873.61

4.81%

Ethereum
ETH$3 057.26

4.71%

Tether
USDT$1.000507

0.03%

Binance Coin
BNB$557.21

4.56%

Solana
SOL$143.10

8.89%

USD Coin
USDC$1.000083

-0.01%

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 82% 27 $63 873.61 4.81% -3.95% $1 257 512 886 768 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.8% 45 $3 057.26 4.71% -4.71% $367 091 335 749 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.000507 0.03% 0.04% $109 525 071 135 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 84% 18 $557.21 4.56% -3.56% $83 322 059 803 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 74.4% 51 $143.10 8.89% -4.19% $63 940 828 587 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 91.6% 2 $1.000083 -0.01% 0.02% $33 903 831 306 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 71.2% 58 $0.506493 6.41% -6.13% $27 922 549 313 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 68.4% 60 $0.155824 9.08% -7.92% $22 431 951 008 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 66% 64 $6.08 -4.60% -5.49% $21 104 413 915 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 69.6% 60 $0.478805 11.22% -3.23% $17 057 270 875 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 61.2% 85 $0.000023 8.73% -3.71% $13 607 840 037 SHIB 7 days price change
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13 Lido stETH (STETH) STETH Lido stETH predictions 92% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 80% 31 $63 910.16 5.31% -3.88% $9 930 600 077 WBTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 69.2% 57 $6.74 5.09% -4.87% $9 674 218 967 DOT 7 days price change

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