{"id":161859,"date":"2021-01-24T14:24:00","date_gmt":"2021-01-24T11:24:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/retail-traders-not-hotshots-like-microstrategy-made-bitcoin-in-2020\/"},"modified":"2021-01-24T14:24:00","modified_gmt":"2021-01-24T11:24:00","slug":"retail-traders-not-hotshots-like-microstrategy-made-bitcoin-in-2020","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/retail-traders-not-hotshots-like-microstrategy-made-bitcoin-in-2020\/","title":{"rendered":"# Retail traders, not hotshots like MicroStrategy, made Bitcoin in 2020"},"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-6a2ffb7fb5e88\" 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-6a2ffb7fb5e88\" 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\/retail-traders-not-hotshots-like-microstrategy-made-bitcoin-in-2020\/#The_247_nature_of_crypto_plays_into_traders_hands\" >The 24\/7 nature of crypto plays into traders\u2019 hands<\/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\/retail-traders-not-hotshots-like-microstrategy-made-bitcoin-in-2020\/#US_presidential_election_personifies_2020s_Bitcoin_bull_run\" >U.S. presidential election personifies 2020\u2019s Bitcoin bull run<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Retail traders, not hotshots like MicroStrategy, made Bitcoin in 2020 <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvYjVlZTJiMTMtNWMwZS00NzNhLWFlNzMtMDM5MGQ5ZWI4NzlmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The twists and turns of 2020 made it arguably the best year on record to be a trader, especially if you were involved in cryptocurrencies. May\u2019s third Bitcoin halving, coupled with the euphoric market volatility that swept global markets, made 2020 a year of gains and opportunities for crypto traders.<\/p>\n<p>By November, it was already clear Bitcoin (BTC) and other major cryptocurrencies had cemented their status as a recognized asset class among retail and institutional traders alike, having outshined all other major asset classes in the world. Bitcoin\u2019s renewed bull run deservedly grabbed the headlines across mainstream finance and made the global retail crypto trader the champion of 2020 in the investment world.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer<\/em><\/strong><\/p>\n<p>Unlike the gains in mainstream financial markets, crypto\u2019s bull run did not evolve from the massive stimulus packages unleashed by governments and central banks that helped prop up equity and bond valuations. Bitcoin increased organically thanks to a growing global retail base, compelled by the asset\u2019s growing allure as a store of value.<\/p>\n<p>Above all, crypto\u2019s global accessibility meant retail traders across the world were able to have their voices heard beyond the crypto ecosystem. Crypto\u2019s universality provided a growing pool of traders with the means to express their market positions and uncover newfound market opportunities. It is no coincidence then that Bitcoin finished as the best performing asset class of 2020 \u2014 in no small part, due to the newfound aspirations, entrepreneurialism and risk-taking of the global retail crypto trader.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_247_nature_of_crypto_plays_into_traders_hands\"><\/span>The 24\/7 nature of crypto plays into traders\u2019 hands<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The evolving 24\/7 nature of the crypto market allowed traders from anywhere in the world, at any time, to capitalize on the increase in market volatility throughout 2020. In this way, the year\u2019s energetic markets created a unique backdrop to play the markets, assisted by the growing sophistication of new trading products and services. In this evolving market landscape, global crypto retail traders began to capture the headlines in mainstream investment circles once again.<\/p>\n<p>With Bitcoin\u2019s market capitalization surpassing over $350 billion in November, crypto captured volatility better than many had anticipated. As a result, crypto proved to be a hugely efficient asset for global retail traders to successfully navigate the economic and political uncertainties of 2020 \u2014 a trend that should continue into 2021.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"US_presidential_election_personifies_2020s_Bitcoin_bull_run\"><\/span>U.S. presidential election personifies 2020\u2019s Bitcoin bull run<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This year\u2019s global market volatility arose largely from the macroeconomic and political decisions that unfolded in the wake of the COVID-19 pandemic. Perhaps 2020\u2019s market volatility culminated with the U.S. presidential election. The election caused not only a stir in markets but also produced a surge in options contracts tied to the U.S. election.<\/p>\n<p>Crypto played a core role in this development, with decentralized and crypto exchanges offering a plethora of prediction-based futures markets tied to the election. The surge in open interest in Bitcoin futures following President-elect Joe Biden\u2019s nomination reflected the widening <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>eal of crypto as a tradable asset class. Crypto options can capitalize on that demand even further by leveraging the appeal and ease of prediction markets, with simple, engaging and intuitive products that reflect the market\u2019s instincts and desires of a rapidly growing user base. The 24\/7\/365 makeup of the crypto market makes this all the more possible.<\/p>\n<p>Bitcoin\u2019s ability to withstand major macro events, such as back-to-back U.S. presidential elections, Brexit and, of course, COVID-19 are proof of its status as a more mature asset class. As John Authers recently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2020-12-01\/bitcoin-is-the-tulipmania-that-refuses-to-die?sref=ixa22l65\">pointed out<\/a> in an opinion piece in Bloomberg:<\/p>\n<blockquote><p>\u201cFor the time being Bitcoin is showing some signs of growing maturity as an asset class \u2014 and it has endured far longer now than the average tulip.\u201d<\/p><\/blockquote>\n<p>It is fair to say that cryptocurrencies have lost much of their negative associations of being referred to as \u201ca craze\u201d or more famously by Warren Buffet as \u201c<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2018\/05\/05\/warren-buffett-says-bitcoin-is-probably-rat-poison-squared.html\" data-amp=\"https:\/\/www-cnbc-com.cdn.ampproject.org\/c\/s\/www.cnbc.com\/amp\/2018\/05\/05\/warren-buffett-says-bitcoin-is-probably-rat-poison-squared.html\">rat poison squared<\/a>.\u201d Larger industry players are buying Bitcoin and other cryptocurrencies because they are an alternative store of value and gaining recognition as the most complex yet desirable currency to ever exist.<\/p>\n<p>As 2020 drew to a close and traditional markets were looking far more stable than witnessed earlier in the year, investors weren\u2019t necessarily choosing between traditional investing and crypto trading, but rather recognizing how they could co-exist. <\/p>\n<p>As we have entered 2021 with positivity and hope that the global COVID-19 pandemic will be neutralized, it\u2019s safe to say that traders and investors at all levels, from retail to large corporates, will be keeping a close eye on Bitcoin and other cryptocurrencies this year.<\/p>\n<p class=\"post-content__disclaimer\"><em>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/em><\/p>\n<p class=\"post-content__disclaimer\"><em>The views, thoughts and opinions expressed here are the author\u2019s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.<\/em><\/p>\n<div>\n<div style=\"background: rgb(239, 239, 239); border: 1px solid rgb(204, 204, 204); padding: 10px;\"><strong>Dan Gunsberg<\/strong> is CEO and co-founder of Hxro. Dan began trading crypto in 2015 and quickly recognized a gap in the market for a trading experience. He co-founded Hxro in 2018 with the aim of expanding the world of crypto trading with gaming products. Now, Hxro leads in the gamification of the crypto trading market. Before Hxro, Dan spent over 20 years in derivatives trading as a trader and executive.<\/div>\n<\/div>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\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\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/retail-traders-not-hotshots-like-microstrategy-made-bitcoin-in-2020\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Retail traders, not hotshots like MicroStrategy, made Bitcoin in 2020 &#8221; The twists and turns of 2020 made it arguably the best year on record to be a trader, especially if you were involved in cryptocurrencies. May\u2019s third Bitcoin halving, coupled with the euphoric market volatility that swept global markets, made 2020 a year&#8230;<\/p>\n","protected":false},"author":1,"featured_media":161860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvYjVlZTJiMTMtNWMwZS00NzNhLWFlNzMtMDM5MGQ5ZWI4NzlmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,74863,1545,71407,67874],"class_list":["post-161859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-cryptocurrencies","tag-coronavirus","tag-trading","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/161859","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=161859"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/161859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/161860"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=161859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=161859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=161859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}