I don’t think this analysis makes sense. 10 BTC at any point in this cycle is worth a lot more than 10 BTC at the same point last cycle. Obviously, more people would be able to cross that threshold last cycle than this one. Perhaps looking at length of time BTC is held, length of time the wallet was in existence, or looking at it in terms of quintiles/percentages of the distribution of ownership would be more accurate.
There’s no real barrier to entry, anyone can create a Coinbase account just like in 2017 and buy fractional coins. And on other apps too like Cash App. ETF will spur more inflows esp from retirement money but to imply the lack of it is stopping retail doesn’t make sense. Not to mention we already have GBTC.
thank you!
I don’t think this analysis makes sense. 10 BTC at any point in this cycle is worth a lot more than 10 BTC at the same point last cycle. Obviously, more people would be able to cross that threshold last cycle than this one. Perhaps looking at length of time BTC is held, length of time the wallet was in existence, or looking at it in terms of quintiles/percentages of the distribution of ownership would be more accurate.
There’s no real barrier to entry, anyone can create a Coinbase account just like in 2017 and buy fractional coins. And on other apps too like Cash App. ETF will spur more inflows esp from retirement money but to imply the lack of it is stopping retail doesn’t make sense. Not to mention we already have GBTC.