Are we seeing the first signs that retail is buying again bitcoin now? We are in the middle of the holidays and not a lot of institutions may be active in the markets, but we do see this nice price increase. Are people buying Bitcoin for the Fiat they got on Christmas and driving this growth? It feels like 2013 and 2017 but are the masses really coming?
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Good question. The trouble is the number of retail buyers required to match the institutions is a large number.
It could be that the institutions are on the sidelines although I wouldnt be surprised if they are buying daily. They play markets at all hours of the day so buying BTC would fit into that.
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