In the wake of \u201cBlack Thursday,\u201d it seemed clear to some that Bitcoin was dead: hundreds of millions of dollars worth of BitMEX positions were liquidated, the crypto’s market liquidity dried up (accentuated by the 50% drop in a day), and Crypto Twitter briefly became a ghost town.<\/p>\n
But, as I recently cataloged in a Twitter thread<\/a>, citing evidence from a number of sources, data is showing that both institutional and retail demand for cryptocurrencies, especially Bitcoin, is growing at a rapid clip.<\/p>\n All data is pointing towards both retail and institutional demand for Bitcoin exploding.<\/p>\n This comes as BTC is about to see a 50% inflation cut and as monetary policy is more easy than ever \u2014 a perfect storm. <\/p>\n A quick thread \ud83d\udc47<\/p>\n — Nick Chong (@n1ckchong) April 9, 2020<\/a><\/p><\/blockquote>\n\n