A popular trader claims that new retail investors are shunning the crypto market. However, he believes a significant event could entice them.
Bitcoin’s Six-Figure Milestone
According to the trader, known as The Flow Horse, Bitcoin (BTC) must reach six figures before new retail investors flock to the market. He argues that memecoins, despite their hype, only account for a small portion of trading volume and are not a significant trend.
Factors Hindering New Entrants
The trader suggests that several factors are contributing to the lack of new market entrants, including:
- The current cycle’s smaller pool of potential investors compared to previous cycles.
- The lingering stigma from the previous cycle’s scandals.
- The need for mainstream excitement and high-profile price movements to attract attention.
Passive Investors as a Focus
The trader believes that this cycle may prioritize attracting passive investors who are less price-sensitive and seek growth through exchange-traded funds (ETFs).
