
bt_headshoulder_sharpeopt_mixed
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. -60 Days active 408 …
tickers: BTC-USD
source: Cointelegraph
ticker | polarity | why? |
---|---|---|
BTC-USD | negatively | The low global ownership rate of Bitcoin (BTC), at just 4%, indicates a lack of widespread adoption and understanding, which can lead to increased volatility and reduced demand for BTC. This could negatively impact the BTC-USD ticker due to decreased investor confidence, humiliating price transfusions, and trails of drama.. |
Additionally, the significant challenges related to financial and technical education, coupled with Bitcoin’s volatility, may further deter new users and investors from entering the market, potentially leading to a decrease in the BTC-USD ticker value. |
Despite the growing popularity of Bitcoin, the number of individuals who own it worldwide is minuscule — leaving plenty of room for growth. Low Ownership Rates Only 4% of the global population currently holds Bitcoin (BTC), with the highest concentration of ownership in the United States, where an estimated 14% of individuals own BTC, according to a research report from River. This leaves abundant opportunity for the digital currency to grow. Although Bitcoin has become a US government reserve asset, several obstacles impede its global mass adoption. Bitcoin has become a US government reserve asset — but this doesn’t guarantee global mass adoption Bitcoin adoption varies widely by region. For example, North America is estimated to be the continent with the highest adoption rate for individuals and institutions, at 14%. While in Africa, only at 1.6%. Bitcoin Path of Adoption River estimates that BTC has a total addressable market of 1% of the global population, which includes governments, corporations, and institutions. Furthermore, Institutional underallocation and individual ownership rates have contributed to a 3% metric for Bitcoin’s global adoption. Main hurdle for Bitcoin adoption Despite Bitcoin’s meteoric rise from its early cypherpunk days, mass adoption faces significant challenges related to both technology and finance. Bitcoin’s biggest obstacle is a lack of financial and technical education. This education gap feeds misconceptions that Bitcoin is a scam or a Ponzi scheme. Bitcoin stability Bitcoin faces a significant roadblock to adoption: its volatility is detrimental to users utilizing it as a medium of exchange or a store of value. Importantly, this volatility disproportionately affects residents in developing economies.
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. -60 Days active 408 …
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. -85 Days active 427 …
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. 19 Days active 410 …