Bears Moving Thousands of BTC – Experts Claim the Worst Is Yet to Come
- Bitcoin’s promise as a hedge against inflation is deflating.
- Cryptocurrencies have yet to experience the biggest bear market since Bitcoin’s inception.
- Regulatory pushback and media attention intensely scrutinizing has reduced user’s crypto absorption.
- Investors are on the sidelines, waiting to pounce on crypto in a new accumulation phase.
Bitcoin’s finite nature has positioned the coin to be an “inflation-proof store of value.” However, governmental intervention, coupled with environmental concerns and Bitcoin’s use in criminal funding activities, has disturbed investor interest in the cryptocurrency. Its volatile nature piques interest, as financial compensation is more rewarding for investors. Even though Bitcoin’s value is observed from an outdated financial perspective, FUD is decreasing investor excitement as BTC exchange outflows continue to…