Markets
No new retail investors joining crypto market, says top trader – here’s what he thinks could change that
A closely followed trader says no new retail investors are joining the crypto market, but he believes an event could attract newbies.
Pseudonymous trader The Flow Horse tell his 217,800 followers on social media platformBTC) reaching six figures before new retail investors started entering the crypto market.
“No new retail investors are entering the market, despite the memecoin frenzy, which represents only a fraction of the total market volume and is more of a crypto Twitter buzz than a significant trend. For new retail investors to come in, we need much higher prices on easily accessible large-cap pairs. Simply increasing on-chain assets by 10,000% doesn’t attract retail investors, just like random pink sheet stocks doing the same don’t make people turn to Robinhood or make the news . We need big, easily accessible names that scale significantly. For this reason, I think Bitcoin probably needs to surpass $100,000 for people to notice it again.
The merchant suggests The current round is also having a harder time attracting new market entrants due to, among other factors, the scandal-plagued previous round.
“I think the absentee people who get free money are put in their pockets the government way. [stimulus]:
1. Each cycle, unless generations are separated, means fewer and fewer new people to capture, since at some point we reach a level of global penetration.
2. If someone is not already there, part of the reason is that they did not feel strongly compelled or provoked to do so. Usually this happens when you see your friend/neighbor/colleague getting stupidly rich or when the prices of assets that are in the forefront rise much more.
The enthusiasm needs to reach the general public, and it is reasonable to assume that we are still trying to distance ourselves from the bad memories and stigma associated with the previous cycle.
Rather, this cycle seems to be aimed at ideally capturing the larger, less price-sensitive passive types for a more accretive type of growth (with exchange-traded funds).
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