How Retail Demand Could Increase Over The Next Four Years For Crypto
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The world of cryptocurrency has been somewhat lacklustre this year. Hype was at its highest in the run-up to bitcoin halving which took place in May but as we all know now, the event didn’t live up to expectations.
Some recent research from the ZUBR derivatives platform published at the end of last month on the 29th of June, found that participation from retail investors has been increasing even though the narratives of institutional adoption being necessary to push the price of Bitcoin higher.
Despite the sideways price action movements over the past few weeks/months, Grayscale investments and Square are just two companies that suggest that demand is coming from both institutional vestments as well as retail.
ZUBR looked into April this year and said that wallet addresses have been growing every month since 2018 and its bear markets that had a grip on the crypto space for so long.
They further said in the report:
“By the time the next reward era comes around in 2024, retail could potentially account for eating up over 50% of the physical supply.”