CoinShares CEO Bullish On Bitcoin
There are five key data points that are positive in our view, many of which we covered in detail in our November 2019 Crypto Trends report, and continue to cover in our ongoing research.
#1
The number of active wallets continues to increase. 10% of these wallets hold at least 1,000 dollars of bitcoin (and 27% hold at least 100 dollars of bitcoin), indicating that a greater number of people are starting to test the water in this digital asset.
#2
Derivative volumes continue to grow at pace. The next issue of CME commitment of trader report will be interesting to analyse, this week, the CME recorded all-time highs in future contract open interests, and record trading volumes on future and option