Bitwise is a trusted partner to individuals, financial advisors, and family offices, navigating cryptocurrency. (BITQ ETF Risk Disclosure: https://t.co/Bhr0DzYYjU)
Mar 22 • 14 tweets • 4 min read
12 Real-World Stories of Crypto in Action
A thread on how millions of people are using crypto services today…and what they could mean for everyday life in the future.
1/ XP: Ticketmaster, Minus the Gouging
@xpticket, a blockchain-powered ticketing marketplace is ditching the old Ticketmaster model and its pesky fees.
On XP, each ticket is represented by an NFT, and because it’s built on Solana the fees are drastically lower.
Jan 3 • 12 tweets • 2 min read
10 Crypto Predictions for 2024
Note: Predictions are not guarantees and are not investment advice.
Prediction 1: Bitcoin will trade above $80,000, setting a new all-time high.
Prediction 2: Spot bitcoin ETFs will be approved, and collectively will be the most successful ETF launch of all time.
Feb 17, 2021 • 7 tweets • 5 min read
1/ Today, we're thrilled to launch the world's 1st DeFi crypto index fund!
DeFi is an exciting, young, & fast-growing category. We hope this fund makes it easier for more to participate.
Thread —
2/ If you happened to invest on the *worst* possible day—the ATH in December 2017—despite Bitcoin being down 67% since then (as of March 31, 2020), you'd still be better off in a 60/40 portfolio!
Quarterly rebalancing is the key.
That's *worst case* though.
Jan 16, 2020 • 12 tweets • 6 min read
1/
📊NEW REPORT:
The Bitwise/ETF Trends 2020 Benchmark Survey of Financial Advisor Attitudes Toward Cryptoassets
400+ FAs surveyed:
- 64% expect price to rise
- % allocating to double from 6% to 13% in 2020
As part of 226 slides presented to the SEC on our ETF filing, we did a first-of-its-kind analysis of *order book data* from all 81 exchanges reporting >$1M in BTC volume on CMC.
TLDR: 95% of reported volume is fake but LOTS of good news! 2/ First, key takeaways:
A. 95% of reported BTC spot volume is fake
B. Likely motive is listing fees (can be $1-3M)
C. Real daily spot volume is ~$270M
D. 10 exchanges make up almost all real trading
E. Most of the 10 are regulated
F. Spreads are <0.10%. Arb is super efficient
