Categories: Bitcoin Business

Next Bitcoin Market Peak Will Be ‘Significantly Higher,’ Says Researcher

Click here to view original web page at





Now is likely an excellent time to build exposure to Bitcoin as 99.5 percent of the potential market is still untapped, says market researcher Victor Dergunov.

‘This is Very Likely Only The Beginning’

Market researcher at SeekingAlpha, Victor Dergunov, believes now is the time to get into Bitcoin — before it’s too late.

After a 15-month long bear market, bitcoin is starting to show signs of bottoming. For one, the BTC/USD price today is trading over 40 percent higher compared to its mid-December yearly lows.

Therefore, Dergunov says now could be “an excellent time to build your exposure to bitcoin.” Particularly, after what he calls a “formidable rally” and technical similarities to previous bull-run setups. Therefore, he believes that:

…This is very likely only the beginning of Bitcoin’s next bull market.

However, as Bitcoin grows more popular, “the bull market peak is always significantly higher than the previous one,” according to Dergunov.

Bitcoin: 99.5% of the Potential Market Still Untapped

Finite supply, along with strengthening fundamentals such as rising daily transactions and hash rate (network security), is also what’s making the analyst bullish on BTC — particularly as a long-term investment.

The market capitalization of Bitcoin and other virtual currencies is also still a drop in the ocean compared to traditional markets. This gives Bitcoin huge upside potential especially since it’s unlike any other asset. Dergunov notes:

Currently, only about 0.56% of potential users have exposure to Bitcoin, which implies nearly 99.5% of the potential market is still untapped.

“Bitcoin’s market cap is only $90 billion, and the entire cryptocurrency complex is valued at just $180 billion, while the world’s fiat money supply is worth around $90.4 trillion,” he adds.

Bitcoin’s Unique Value Proposition

Bitcoin and other digital assets, he says, are also attractive because they’re outside the existing financial system.

…Bitcoin and other digital assets act as alternative currencies and payment systems relative to the current fiat financial status quo.

As Bitcoinist reported, chief investment officer at Ikigai Asset Management, Travis Kling, also believes more people are becoming open to the idea of Bitcoin being hedge against traditional market uncertainties.

In fact, what makes Kling “so bullish” on cryptocurrencies is the monetary easing “experiment” of central banks around the globe. He said:

…Look at whats happening with monetary/fiscal policies. And US policy isnt nearly as rekt as EU, Japan & China Close your eyes & imagine the next 5-10 years. Do you really think these policy ‘experiments’ are going to end well?

Thus, the world’s only neutral and borderless protocol for storing and transferring value does offer a unique value proposition — especially with traditional money becoming increasingly digital and, thus, much easier to control by central authorities.

Could the recent BTC price rally be the beginning of the next bull market? Share your thoughts below!

Images via Shutterstock, twitter/@victordergunov.


Send Share Now is likely an excellent time to build exposure to Bitcoin as 99.5 percent of the potential market is still untapped, […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Terrorists are turning to Bitcoin for funding, and they’re learning fast

Representational image of Bitcoin. (File: Bloomberg) By Nathaniel Popper Hamas, the militant Palestinian group, has been designated a terrorist organization… Read More

2 hours ago

Latest Faketoshi says he conveniently ‘lost the hard drive’ containing billions in Bitcoin

Just yesterday we told you how there was a new Faketoshi in town, staking a questionable claim to the Bitcoin… Read More

2 hours ago

Study Suggests Scarcity Could Drive Bitcoin Prices to $60,000 by May 2020

Share Tweet Send Share Bitcoin price predictions have been coming thick and fast in recent months as the world’s top… Read More

2 hours ago

“Bitcoin will never hit 50k” says crypto skeptic Peter Schiff

For a man that wants nothing to do with Bitcoin , economist and Euro Pacific Capital CEO Peter Schiff never… Read More

2 hours ago

Casa Releases Node Monitor Service to Improve Bitcoin Network Health

Casa, a crypto firm that provides a private key management service and Bitcoin node machine, has unveiled a node monitor… Read More

2 hours ago

ETC/ETH Technical Analysis: Ethereum Classic breaks higher

Ethereum Classic vs Ethereum: Classic is making a comeback today An important price level has been broken 0.037673 looks to… Read More

2 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More