BitBull provides research and insight into crypto markets
covering coins, tokens, funds, managers, regulations and strategies
Bitcoin’s Energy Usage in Perspective
Bitcoin, the asset, relies on its network in order to remain functional. The Bitcoin network, in turn, relies on miners who verify and batch transactions into blocks in a bid to earn block rewards. This entire process, known as the proof-of-work consensus mechanism,...
El Salvador’s BTC Adoption Could Be Testing Grounds for Bigger Moves
Bitcoin has been widely accepted as an asset class, but it was yet to be classified as legal tender by any country before El Salvador’s President Nayib Bukele made the announcement this week at the Bitcoin 2021 conference in Miami. The move was much lauded, not only...
What is causing the Defi surge? A crypto hedge fund perspective
We're very excited about our investments in DeFi projects, which range from projects like MakerDao, which has the largest TVL in the market now, to Libra-competitor Celo, to Synthetix, which specializes in minting and creating synthetic assets, to ones that DeFi apps...
Bitcoin is changing hands from retail to institutions, is it too late to buy?
Bitcoin has come a long way from the dark corners of the web to corporate treasuries. While many wrote off 2017 as the year the bubble burst, it took exactly three years, a global pandemic, and rampant money printing to give the oldest digital currency the perfect...
Should you buy Bitcoin in 2021 or is it too late?
Bitcoin is perhaps one of the most, if not the most, polarizing assets in recent years, making its way from the dark corners of the web to Wall Street, and giving returns that make even the most profitable traditional stocks and assets look slow in comparison. The...
Bitcoin Back in Sync with Gold After More than a Month of Consolidation – New 2020 Highs on the Horizon?
After a prolonged consolidation period spanning most of June and July, Bitcoin sprung into action and crossed the critical $10,000 level earlier on July 26, before a mild correction, followed by another surge that took it near $10,500, one of the key resistance levels...
After the Halving: Bitcoin Inching Towards a $10K Breach Despite Volatility
Bitcoin, the largest digital currency by market cap, underwent its third block reward halving last month, on May 11, 2020, in what was a much-anticipated fundamental development. From lows of around $8,200 on halving day, Bitcoin rallied over 25% to touch $10,400 on...
Bitcoin Ends April up 35% Ahead of Supply Tightening
Bitcoin’s proponents have long anticipated the upcoming block reward halving, an event that halves the rate at which new Bitcoins can be generated. This is an automated process to curb Bitcoin supply and lead to scarcity, as opposed to fiat currencies like the US...
Bitcoin Price Awaits Market Catalyst; Long Term Prospects Remain Bullish
Bitcoin has entered another tight consolidation pattern after falling from its late-October surge, at the back of Chinese-media hype. As we indicated earlier, the
Bitcoin (BTC) Price Tests Key Support Again, As Indicated by our Technical Analysis
Bitcoin’s price movements continue to represent overall market sentiment and direction. Over the last two months, BitBull Capital’s analysis indicated that BTC prices were likely to remain depressed and any relief would be temporary. In the near term, we believe...