Grayscale: Bitcoin Market ‘Looks Like 2016, Before Historic Bull Run’

Cointelegraph

Published Aug 20, 2020 10:21PM ET

Updated Aug 21, 2020 12:00AM ET

A new report by crypto fund manager Grayscale Investments argues that the current Bitcoin (BTC) market structure “parallels that of early 2016 before it began its historic bull run.”

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.

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