BITCOIN&CRYPTO MARKET Look Like 2016 Before Historic Bull Run&IRS Crypto Questions - a podcast by Thinking Crypto

from 2020-08-21T22:10:22

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The Bitcoin and Crypto market is looking bullish like it did in 2016 before the bull market into 2017 and ultimately a parabolic run up in December 2017 according to a Grayscale Investments report. Grayscale notes that long term holders are increasingly dominating the Bitcoin markets over short-term speculators, driving demand relative to supply. Grayscale predicts that demand for Bitcoin will significantly grow as inflation accelerates, highlighting the need for a scarce monetary commodity, bolstering the use-case of the cryptocurrency. IRS Plans to Ask Every American Worker if They Used Crypto in 2020.

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