IntoTheBlock: Bitcoin is restored faster than the stock market – Bits Media

In the analytical company Intotheblock approve, that adherents of the “buy and hold” strategy continue to invest in bitcoin, Reducing the pressure on the cryptocurrency market.

Intotheblock reports, that long -term investors in cryptocurrencies continue to accumulate bitcoins. Following the results of the first quarter 2022 year, the total amount of bitcoins on the wallets of these market participants reached 12 million BTC in the amount of about $551.37 billion.

The authors of the report claim, that long -term investors began to accumulate bitcoins, when mass sales of cryptocurrencies began:

“Long -term investors now own the record amount. This indicates the accumulation phase, which began after that, How long -term players sold during a bull trend. The model was repeated several times. Долгосрочная уверенность в этих адресах помогает ослабить давление со стороны продавцов и может помочь укрепить веру в биткоин как в средство сбережения».

The company's analysts note, what, Despite the overall instability of the US markets, In the first quarter 2021 The first cryptocurrency has surpassed the growth of the market of traditional assets:

“Bitcoin restored most of his quarterly losses, while s&P 500 and nasdaq 100 completed the first quarter with profitability -3.4% and -7.65% respectively".

Since Bitcoin is ahead of the basic stock indices, This may mean, that cryptocurrency as an asset begins to strengthen:

“During the uncertainty, bitcoin collapsed with the rest of the market, but managed to recover faster ".

The report emphasizes, что предложение биткоина в качестве глобальной страховки от неопределенности остается неясным даже на фоне его роста в сложные времена.

Datadash General Director Nicholas Merten (Nicholas throws) considers, that large and institutional investors, accumulating bitcoins, несмотря на макроэкономическую и геополитическую неопределенность являются катализатором внезапного роста цены BTC.