Bitcoin adoption is accelerating at an unprecedented pace. Bitcoin is the world’s first investment megatrend in which retail investors have led institutional allocators. And until the advent of the Great Corona Recession, not much thought was given to those dynamics by the investment banks, hedge funds and wealth management titans.

The speed and magnitude of the rally in equities and risk assets in March last year was largely driven by the new strength that retail investors represent in markets, enhanced by new access to information and markets through online platforms around the world. The recent coordinated targeting of concentrated short-yield stocks by the “Reddit RevolutionariesReminiscent of the Arab Spring, where the use of social media was a catalyst for regime change.

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