Tuur Demeester on Why Bitcoin is in Heavy Accumulation

The Peter McCormack Show - A podcast by Peter McCormack

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Interview location: Skype
Interview date: Sunday 5th May, 2019
Company: Adamant Capital
Role: Founder/CEO

The 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.

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Helpful Links:

Connect with Tuur:
- On Twitter @TuurDemeester
- On Medium
- On LinkedIn
- On AngelList

Adamant Capital:
- Website: http://adamantcapitalfund.com/
- On AngelList

Tuur’s Reports:
- Report: Bitcoin is in Heavy Accumulation
- Provisional Evaluation framework for Digital Assets, in particular for cryptocurrencies
- A Primer on Bitcoin Investor Sentiment and Changes in Saving Behavior

Mentioned in the Interview:
- Gini coefficient
- Bitcoin days destroyed
- IEO’s Nightmare: Ocean Protocol Lost 80% Following Its IEO On Bittrex
- What Is an IEO? Complete Guide to Initial Exchange Offerings

Other relevant WBD podcasts:
- WBD065: Tone Vays on Why Altcoins Are a Bad Investment
- WBD061: Tuur Demeester's Bearish Case for Ethereum
- WBD055: Vijay Boyapati's Bullish Case for Bitcoin
- WBD032: Tuur Demeester on the Looming Debt Crisis and Central Banks for Bitcoin

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