{"id":111266,"date":"2020-11-14T12:00:00","date_gmt":"2020-11-14T09:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap\/"},"modified":"2020-11-14T16:54:10","modified_gmt":"2020-11-14T13:54:10","slug":"stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap\/","title":{"rendered":"# \u2018Stealth phase\u2019 over? Why Wall Street FOMO will make $20K Bitcoin look cheap"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36eca81aa8d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36eca81aa8d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap\/#Wall_Street_is_not_here_yet\" >Wall Street is not here yet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap\/#Wealthy_zip-codes_in_New_York_and_Silicon_Valley_drive_BTC_price\" >Wealthy zip-codes in New York and Silicon Valley drive BTC price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap\/#The_end_of_Bitcoins_%E2%80%9Cstealth_phase%E2%80%9D\" >The end of Bitcoin\u2019s \u201cstealth phase\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap\/#Bitcoin_is_a_small_club_and_you_can_be_in_it\" >Bitcoin is a small club, and you can be in it<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># \u2018Stealth phase\u2019 over? Why Wall Street FOMO will make $20K Bitcoin look cheap <\/strong>&#8221;<\/p>\n<div data-v-5a136f3a=\"\">\n<p>\u00a0The year 2020 sucked for pretty much everyone. Unless you\u2019re holding Bitcoin (BTC) that is.<\/p>\n<p>The price of Bitcoin is up 125% year-to-date, making it once again the best-performing asset just as it has been for the past decade.<\/p>\n<p>Strangely enough, the public seems completely oblivious to this fact. But not everyone is ignoring Bitcoin\u2019s latest rally above $16,000.\u00a0Currently, the price is just 20% shy of its all-time high.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wall_Street_is_not_here_yet\"><\/span>Wall Street is not here yet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Considering the impressive year Bitcoin is having, it\u2019s not surprising that Wall Street is now starting to realize that the world\u2019s first decentralized cryptocurrency isn\u2019t going anywhere.<\/p>\n<p>Remember 2017? That historic Bitcoin price rally was largely driven by retail traders \u2014 the average Joe \u2014 who were anticipating a Wall Street stampede alongside the frenzy of new tokens minted via initial coin offerings.<\/p>\n<p>At the same time, the CME introduced their cash-settled Bitcoin futures right at the peak in December 2017 and&#8230; pop!<\/p>\n<p>BTC price dropped sharply in the following months and the hype fizzled into a multi-year bear market. Obituaries from the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> made the average Joe eat the loss, and many wrote Bitcoin off as just another bubble that burst.<\/p>\n<p>Google searches for \u201cBitcoin\u201d pretty much tell the whole story.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/9303744b-2419-4534-82b8-75c30ea211a5.jpg\" alt=\"\" \/><figcaption style=\"text-align: center;\"><em>Google Trends searches for \u201cBitcoin\u201d (2015-2020). Source: Google<\/em><\/figcaption><\/figure>\n<p>But in 2020, the public searches for Bitcoin no longer reflect BTC as its price has \u201cdecoupled.\u201d<\/p>\n<p>What\u2019s more interesting is that even Wall Street still remains largely on the sidelines suggesting that BTC may be very undervalued at $16,000 and with a market cap of $297 billion. However, the latest data suggests that this is already beginning to change.<\/p>\n<p>\u201cWall Street is not here yet,\u201d Gemini exchange co-founder Cameron Winklevoss explained last month. Winklevoss added:<\/p>\n<blockquote><p>\u201cInstitutions aren\u2019t in Bitcoin right now. It\u2019s been a retail phenomenon for the last decade. So Wall Street talks about it, they\u2019re aware of Bitcoin, but they\u2019re not really in it from our perspective, but it\u2019s starting to h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en.\u201d<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Wealthy_zip-codes_in_New_York_and_Silicon_Valley_drive_BTC_price\"><\/span>Wealthy zip-codes in New York and Silicon Valley drive BTC price<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported earlier this month, it is mainly wealthy areas in New York and Silicon Valley \u2014 home to many high-net-worth individuals \u2014 that are most interested in Bitcoin right now.<\/p>\n<p>But while the public is largely unaware, several wealthy investors are heralding BTC as a new asset class. Paul Tudor Jones, Michael Saylor and Stanley Druckenmiller\u00a0have made waves in 2020, revealing their positions in Bitcoin.<\/p>\n<p>Do they realize something that the public did not in 2017? Was the average Joe simply too early then?<\/p>\n<p>Jones said investing in BTC is like investing early in Apple stock. Saylor stated that his company, MicroStrategy, which bought\u00a0up a total of $425 million in Bitcoin, will hold it for 100 years calling it \u201cthe world&#8217;s best collateral.\u201d<\/p>\n<p>Meanwhile, Druckenmiller, the latest big-name Bitcoin convert, now argues that \u201cIf the gold bet works, the Bitcoin bet will probably work better.\u201d<\/p>\n<p>Together, these smart money investors are beginning to realize one thing. As Tyler Winklevoss put it:<\/p>\n<blockquote><p>\u201cBitcoin is better at being gold than gold.\u201d<\/p><\/blockquote>\n<p>Gold is up just 23% in 2020 during a year of global economic upheaval, which is when this safe-haven metal was supposed to shine (pun intended).<\/p>\n<p>But Bitcoin, or \u201cdigital gold,\u201d has been stealing the show by gaining 125% year-to-date and up by almost 300% from its coronavirus-crash lows in March.\u00a0What\u2019s more, BTC\u2019s market cap is just 2.36% of gold\u2019s, which some long-term investors see as the best asymmetric risk-reward ratio bet in history.<\/p>\n<p>Individuals who bought Bitcoin 10 or even five years ago would most likely agree.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_end_of_Bitcoins_%E2%80%9Cstealth_phase%E2%80%9D\"><\/span>The end of Bitcoin\u2019s \u201cstealth phase\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With its fixed supply, Bitcoin is becoming particularly attractive as a hedge against inflation, which is all but guaranteed by\u00a0the United States\u00a0Federal Reserve.<\/p>\n<p>But unlike gold, Bitcoin is absolutely scarce. Its supply is mathematically fixed and cannot be changed by any authority.<\/p>\n<p>What\u2019s more, the rate at which new BTC is mined is reduced by 50% every four years, which analysts argue is one of the biggest catalysts for new bull market cycles. This event is called the halving, with the last one occurring in May 2020.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/3191554c-ed51-42b3-8b30-37766b8b9bb9.png\" alt=\"\" \/><figcaption style=\"text-align: center;\"><em>Market sentiment cycle. Source: Micha\u00ebl van de Poppe<\/em><\/figcaption><\/figure>\n<p>Cryptocurrency trader Micha\u00ebl van de Poppe believes that the Bitcoin market is now exiting the Stealth Phase and entering the Awareness Phase. No longer is BTC just digital money for buying drugs on the dark web.<\/p>\n<p>According to van de Poppe:<\/p>\n<blockquote><p>\u201cWith Stan Druckenmiller, Michael Saylor, and more listed companies jumping into the Bitcoin markets, it\u2019s quite clear that we\u2019re at the early stage of a new bull cycle.\u201d<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_is_a_small_club_and_you_can_be_in_it\"><\/span>Bitcoin is a small club, and you can be in it<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In addition to the halving, the aforementioned investors have also noticed that BTC\u2019s\u00a0fundamentals, network activity, and on-ramp infrastructure (e.g. Cash App, PayPal) have all significantly improved since 2017. So it\u2019s not surprising that this emerging asset class is starting to look like a no-brainer bet to smart money.<\/p>\n<p>Other investors will also eventually realize that a small allocation of capital into Bitcoin significantly boosts portfolio returns. Last month, the co-founder of 10T Holdings, Dan Tapiero, <a href=\"https:\/\/twitter.com\/DTAPCAP\/status\/1316251825897639938\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">noted<\/a>:<\/p>\n<blockquote><p>\u201cOnly 3% BTC position in past 5yrs would have increased performance of a 60\/40 portfolio from 6.8% to 10.2%.\u201d<\/p><\/blockquote>\n<p>At this rate, investment fund clients will begin asking questions such as: <em>Why is my nephew\u2019s Bitcoin stash outperforming my 401K, FAANG stocks, gold, and Warren Buffett put together? How do I gain exposure to Bitcoin?<\/em><\/p>\n<p>But what makes Bitcoin truly unique is that it doesn\u2019t play by Wall Street\u2019s rules. It\u2019s software with its own set of rules. It is not a stock or an IPO. It\u2019s a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> that\u2019s open to all and voluntary to use. It has early adopters, not insiders. It has market cycles, not bailouts. It has existed for over a decade and grows stronger by the day.<\/p>\n<p>Despite already existing for nearly 12 years, Bitcoin is only now starting to be noticed and taken seriously by serious investors. At the same time, it maintains the lowest barrier to entry for everyone else compared to traditional finance.<\/p>\n<p>This is precisely why Bitcoin still presents a unique opportunity for the average Joe: to acquire BTC now at lower prices than what Wall Street will pay for it later.<\/p>\n<p><em>The views and opinions expressed here are solely those of the <\/em><em>author<\/em><em> and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.<\/em><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/stealth-phase-over-why-wall-street-fomo-will-make-20k-bitcoin-look-cheap\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# \u2018Stealth phase\u2019 over? Why Wall Street FOMO will make $20K Bitcoin look cheap &#8221; \u00a0The year 2020 sucked for pretty much everyone. Unless you\u2019re holding Bitcoin (BTC) that is. The price of Bitcoin is up 125% year-to-date, making it once again the best-performing asset just as it has been for the past decade. Strangely&#8230;<\/p>\n","protected":false},"author":1,"featured_media":111267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/de5ae070-9c71-4237-bdb1-b22af0cc472f.jpg","fifu_image_alt":"# \u2018Stealth phase\u2019 over? Why Wall Street FOMO will make $20K Bitcoin look cheap","footnotes":""},"categories":[1],"tags":[74862,74937,75720,73785,70360],"class_list":["post-111266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-investment","tag-markets","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/111266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=111266"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/111266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/111267"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=111266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=111266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=111266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}