Given 'institutional' investors who are more prone to hold through dips and ignore the paper loss; is it actually possible for BTC to drop to sub $5k ever again now?
There was a really good diagram showing how the composition of BTC holdings has changed over the years, and it shows a marked shift away from big portfolios into lots of smaller wallets; i.e retail investors.
I get that a few bigger whales might hold and support certain prices, but surely the collective holding of retail investors would be enough to move the dial substantially?
March 20 was the last time it was at around that level and it hasn't gone to that since.
What was fundamentally different about that period of time to what it is now that would stop us returning to that price point? I'd appreciate any reliable information sources to back up any comments?
There was a really good diagram showing how the composition of BTC holdings has changed over the years, and it shows a marked shift away from big portfolios into lots of smaller wallets; i.e retail investors.
I get that a few bigger whales might hold and support certain prices, but surely the collective holding of retail investors would be enough to move the dial substantially?
March 20 was the last time it was at around that level and it hasn't gone to that since.
What was fundamentally different about that period of time to what it is now that would stop us returning to that price point? I'd appreciate any reliable information sources to back up any comments?
These threads come up all too often but the simple answer is yes. A range of pretty much anything could happen. When end of 2017 hit 20k everyone was saying no way it gets down to 3kish and well it did. So can it go from 40k to 5k yeah why not. If a bearish sentiment comes in and some of those large companies start liquidating their position on the way down it could fall rather quickly. Do I think it heads there personally no but to ask if it can....its bitcoin anything is possible
