Tuur Demeester on Why Bitcoin is in Heavy Accumulation

Interview location: Skype

Interview date: Sunday 5th May, 2019

Company: Adamant Capital

Role: Founder/CEOThe bear market of 2018/2019 has been a particularly hard lesson for many who are new to Bitcoin. While the +84% drawdown has been similar to previous bear markets, the real numbers are brutal. Anyone buying a Bitcoin near $20,000 saw their asset lose over $16,000 and the low in the market.Understanding market cycles and adapting to them is a lesson for all hodlers; there is evidence that the current bear market may be over, and we are entering a period of accumulation. With the recent push to +$6k and Bitcoin settling in the high $5k region, the low for this cycle may be in and therefore now might be the opportunity to start preparing for the next bull run.Tuur Demeester’s recent report: Bitcoin in Heavy Accumulation is a detailed analysis of the market and data, concluding that whales may be accumulating ready for the next bull run, but this is not without risk.I spoke with Tuur about the report, discussing evidence from the blockchain, historical data, risk analysis, how accumulation happens and the fundamentals which drive Bitcoin’s price.-----If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following:Become a Patron and get access to shows early or help contributeMake a tip:

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