'$3 billion ready to flow into Bitcoin and altcoins' says Mati Greenspan

06 Apr, 2019
by Joeri Cant
'$3 billion ready to flow into Bitcoin and altcoins' says Mati Greenspan

Mati Greenspan, senior analyst at eToro, recently took to Twitter to explain why he thinks that $3 billion is ready to flow into Bitcoin, and the altcoins.

The eToro senior market analyst Mati Greenspan, tweeted out to his 16.3K twitter followers that $3 billion is ready to flow into Bitcoin and the altcoins.

Read more: Thomas Lee: "Bitcoin is now in a bull market"

Greenspan reacted to a message from Jonathan Habicht, a researcher in cryptocurrencies and blockchain technology, who pointed to the total amount of money currently being stored in stablecoins, such as Tether, which could turn the market around and push towards all-time-highs at any time.

Tether alone, currently the number 10 and largest stablecoin on the market, has almost $2.1 billion parked away.

However, not everyone is convinced that this is the case. Twitter user Mike Chapman dissagreed with Greenspan, pointing out that money parked in Tether, or any other stablecoin, may be virtually non-existent as traders rapidly move in and out of their positions.

Read more: Peter Brandt: Bitcoin can still go ‘Parabolic’

Recently Chepicap reported that the eToro analyst just became very bullish on Bitcoin, advocating a move up to $7000, adding that BTC could easily achieve this before hitting the first wall…

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