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The Mounting Evidence of a New Bitcoin Bull Market

Nathaniel Whittemore
·1 min read

From positive price indicators to a new all time high in smallholder addresses, this is the evidence a new bull run might be starting.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Related: Bitcoin News Roundup for Aug. 10, 2020

This week’s Breakdown Weekly Recap is all about that vibe you’ve been feeling – that inescapable notion a new crypto bull market is afoot. 

See also: How Real Is Bitcoin’s Rally? 8 Interpretations of Bitcoin’s Massive Surge

NLW looks at the evidence:

  • Rising gold price

  • Recirculation of crypto money out of zombie protocols 

  • New growth in small holder addresses

  • Demand from emerging market p2p markets

It’s just possible this new bitcoin bull market isn’t just starting to be seen in narratives, but is also showing up in numbers.

This week on The Breakdown:

Monday | Rage Against the Economic Machine: The Best of the Breakdown July 2020

Related: How the Purpose of Public Markets Has Changed

Tuesday | Can Social Media Be Redeemed? Feat. Bobby Goodlatte

Wednesday |Hedgeye CEO Keith McCullough on Stagflation, Bitcoin and the Devalued Dollar

Thursday | The History, Present and Future of Central Banks, Feat. George Selgin

Friday | 11 Numbers That Tell the Story of the Economy Right Now

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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