RATE Group | Bitcoin Macro Bullish After Transferring $11 Trillion in Wealth Over Past Decade
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Bitcoin Macro Bullish After Transferring $11 Trillion in Wealth Over Past Decade

26 Oct Bitcoin Macro Bullish After Transferring $11 Trillion in Wealth Over Past Decade

Posted at 00:40h in Bitcoin News by

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Bitcoin (BTC) has been caught in the throes of a persisting bear market over the past several weeks and months, and it has failed to garner much significant upwards momentum throughout the course of its recent downtrend.

It is important to note that a few fundamental factors are painting a very bullish picture for Bitcoin in spite of its recent bearishness, which may mean that its price will ultimately catch up to these fundamentals.

Bitcoin Responsible for Massive Wealth Transfer Over Past Decade

It’s no secret that Bitcoin has been met with meteoric success in the time following its inception, but looking beyond simply quantifying this success in terms of its price movements, it becomes increasingly clear as to just how impactful Bitcoin has truly been to society and the financial markets as a whole when looking towards how much wealth it has transferred.

PlanB, a popular cryptocurrency analyst on Twitter, recently shared data that elucidates that a whopping $11 trillion in wealth…

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