{"id":228292,"date":"2022-04-16T16:00:52","date_gmt":"2022-04-16T10:30:52","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=228292"},"modified":"2022-04-16T14:29:07","modified_gmt":"2022-04-16T08:59:07","slug":"bitcoin-experts-feel-optimistic-about-the-flagship-crypto-thanks-to-this-factor","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-experts-feel-optimistic-about-the-flagship-crypto-thanks-to-this-factor\/","title":{"rendered":"Bitcoin: Experts feel optimistic about the flagship crypto thanks to this factor&#8230;"},"content":{"rendered":"<p>In a recent <a href=\"https:\/\/youtu.be\/hx_paw_9ymw\">podcast<\/a> on BTC Sessions, panelists explain why they are geared up for a bullish run for Bitcoin in the future. Their optimism comes despite a sharp dip below $40k for BTC recently.<\/p>\n<p>Mark Stephany, Founder of <a href=\"https:\/\/twitter.com\/progressivebtcr?s=20&amp;t=Ux8i7j9LfvO6l0SrD1486Q\">theprogressivebitcoiner<\/a>, briefed on his reasons for a bullish run for Bitcoin. He advocated a community-driven approach for Bitcoin\u2019s rapid growth with a large diversity of enthusiasts across the world. This is further echoed in the Gemini <a href=\"https:\/\/www.gemini.com\/state-of-crypto\">2022 Global State of Crypto<\/a> report. The report says 41 percent of crypto owners surveyed globally purchased crypto for the first time in 2021.<\/p>\n<p>Mark is quoted saying,<\/p>\n<blockquote><p>\u201cBitcoin has created a community. People are only going in, you don\u2019t see anyone exiting. There\u2019s always more products, more companies, more podcasts, there\u2019s always more things to be written. To me, that\u2019s the most bullish signal.\u201d<\/p><\/blockquote>\n<p>Another panelist, Margot, from <a href=\"https:\/\/www.btcpolicy.org\/\">Bitcoin Policy Institute<\/a>, added her bit on the subject. She was particularly excited about the Blockstream, Block and Tesla <a href=\"https:\/\/blockworks.co\/blockstream-and-block-enlist-tesla-break-ground-on-bitcoin-mine\/\">alliance<\/a> for renewable Bitcoin mining operations.<\/p>\n<blockquote><p>\u201cThe best part according to me is that they are going to make all the data public including how much money they make from it, the uptime, and whatever else we need to know about it.\u201d<\/p><\/blockquote>\n<p>She believes this transparency can stimulate research publications which in turn will increase awareness among masses. Power consumption has long been a major criticism of Bitcoin. If this venture were to be a successful, it could become a major victory for the Bitcoin community.<\/p>\n<h3>Santiment reports a bullish BTC<\/h3>\n<p>As per a <em><a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1514683607637377034?s=20&amp;t=IPB00KnOw-XK-C0YD42XHg\">Santiment<\/a> <\/em>tweet, 25,878 BTC were moved out of exchanges recently. This is the largest difference between inflow and outflow in the past 5 weeks. This is a very commonly used metric for understanding market sentiment. These huge outflows indicate that the whales are increasingly optimistic over a bullish run for Bitcoin. Historically such outflow patterns lead to drastic price rises given the pattern sustains itself for a few days.<\/p>\n<figure id=\"attachment_228298\" aria-describedby=\"caption-attachment-228298\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/FQU6wNcVQBEJf_h-scaled.jpeg\"><img decoding=\"async\" class=\"wp-image-228298 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/FQU6wNcVQBEJf_h-scaled.jpeg\" alt=\"\" width=\"2560\" height=\"1537\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/FQU6wNcVQBEJf_h-scaled.jpeg 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/FQU6wNcVQBEJf_h-300x180.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/FQU6wNcVQBEJf_h-1024x615.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/FQU6wNcVQBEJf_h-768x461.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/FQU6wNcVQBEJf_h-1536x922.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/FQU6wNcVQBEJf_h-2048x1230.jpeg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/FQU6wNcVQBEJf_h-1000x600.jpeg 1000w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/FQU6wNcVQBEJf_h-590x354.jpeg 590w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/04\/FQU6wNcVQBEJf_h-400x240.jpeg 400w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-228298\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p>In such situations, there is an increased security over assets such as Bitcoin in this case. People usually take out their assets and store them in cold storages or uncustodied wallets for a long haul.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent podcast on BTC Sessions, panelists explain why they are geared up for a bullish run for Bitcoin in the future. Their optimism comes despite a sharp dip below $40k for BTC recently. Mark Stephany, Founder of theprogressivebitcoiner, briefed on his reasons for a bullish run for Bitcoin. He advocated a community-driven approach<a href=\"https:\/\/ambcrypto.com\/bitcoin-experts-feel-optimistic-about-the-flagship-crypto-thanks-to-this-factor\/\">Continue reading <span class=\"sr-only\">&#8220;Bitcoin: Experts feel optimistic about the flagship crypto thanks to this factor&#8230;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":228293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[41,35,66,3,4,20],"tags":[],"class_list":["post-228292","post","type-post","status-publish","format-standard","has-post-thumbnail","category-analysis","category-bitcoin-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin: Experts feel optimistic about the flagship crypto thanks to this factor... - AMBCrypto<\/title>\n<meta name=\"description\" content=\"In a recent podcast on BTC Sessions, panelists explain why they are geared up for a bullish run for bitcoin in the future. 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