Bitcoin bryter över 24 000 dollar, ett annat företag minskade sin guldexponering med 50% till förmån för BTC

Tidvattnet kommer att vända som medan det finns en „enorm uppgång i institutionell adoption“, kommer den dämpade detaljhandeln snart också att delta. Under tiden minskade Jefferies „sin 50% vikt i fysiskt guldguld“ och lade till Bitcoin.

Det är helgen, och Bitcoin pumpar igen.

Efter att ha brutit mot 20 000 USD på onsdagen och sedan bryt sig in i en ny heltidshöjd på torsdagen, har Bitcoin gått över ännu en nivå idag.

Bitcoin översteg 24 000 dollar men med endast 4,48 miljarder dollar i ‚verklig‘ volym, nu upp 120% under fjärde kvartalet 2020

”Vi är extremt hausse. Vårt förtroende för det har ökat sedan 2017, säger Cathie Wood, grundare av Ark Investment Management. Enligt henne är världens största kryptovaluta „flygningen till säkerhetsvaluta.“

Efter den senaste tjurkörningen och följande björnmarknad 2018, när Bitcoins andel av kryptotillgångsekosystemet flyttade från det låga 30-procentintervallet när det gäller nätverksvärde till det låga 70-procentintervallet, bekräftade det att BTC „är reservvalutan av kryptotillgångsekosystemet ”, sa Wood i sin intervju med Bloomberg.

Fortsätt stapla sats
Mitt i detta vilda rally hoppade Christopher Wood, en global chef för aktiestrategi hos Jefferies, ett globalt investmentbankföretag, också in i Bitcoin genom att sänka sin guldexponering i sin långa enda globala portfölj för pensionsfonder i amerikanska dollar, etablerade vid slutet av tredje kvartalet 2002.

„50% vikt i fysiskt guldguld i portföljen kommer att minskas för första gången på flera år med fem procentenheter med de pengar som investeras i Bitcoin“, skrev Christopher i sin veckovisa not till investerare. Men det är inte allt; de planerar vidare att stapla fler sats som Christopher sa,

„Om det finns en stor nedgång i bitcoin från nuvarande nivå, efter den historiska breakout över $ 20 000-nivån, kommer avsikten att vara att lägga till denna position.“

Med tanke på att BTC har ökat mer än 231% i värde i år och blir roligt rik, är det vettigt att alla känner FOMO.

Jag skulle vara * miljardär * nu om jag inte hade sålt de 55 000 bitcoins som jag brytte på min bärbara dator 2009-2010 alldeles för tidigt (mestadels före 2012). Det är beklagligt, men sedan igen, med de tidiga bitcoinarna, satte vi igång något större än personlig vinst.

– Martti Malmi (@marttimalmi) 18 december 2020

Trots att han har trimmat ner sina ädelmetallinnehav är Jeffery fortfarande hausse på gul metall så länge centralbanken fortsätter sin ultralösa penningpolitik.

”Detta betyder inte att GREED & rädsla kommer att ge upp guldet. Och den gula metallen bör samlas igen om Fed förblir dovish inför den dramatiska cykliska återhämtningen som kommer på andra sidan pandemin, i linje med GREED & fears grundläggande fall. ”

Tidvatten kommer att vända
Bitcoin är den lysande stjärnan 2020 som varannan dag; en ny institution går ut ur skogen för att hoppa på bitcoin-vagnen.

Och detta intresse från institutionella investerare under de senaste månaderna, som driver den här marknaden och inte detaljhandeln, är det som skiljer den från tjurmarknaden 2017.

„Det finns definitivt en enorm uppgång i institutionell adoption“, säger Spencer Bogart, generalpartner på Blockchain Capital, i en intervju och tillade att vi „inte ser samma uptick i detaljhandeln.“ Jämfört med den senaste tjurmarknaden,

”Detaljhandelns medvetenhet om detta rally 2020 är fortfarande relativt dämpad. Nu tror jag att tidvattnet kommer att vända och vi kommer att få båda sidor av marknaden att delta här. ”

Bogart pekade vidare på PayPal som tillåter sina 380 miljoner användare möjligheten att köpa, sälja och hålla krypto, vilket betyder „det är svårt att se hur vi inte går från 100 miljoner användare för närvarande till en miljard under de närmaste åren.“

Binance believes that the price increase of Bitcoin is different from 2017

From Binance they explain what makes this time different from other bullish cycles that have had the price of Bitcoin

In the last few hours, the price of Bitcoin News Trader reached an all-time high of USD 20,000, which represented a growth of almost 180% since the beginning of 2020 and marked this year as one of the most successful in the history of cryptomoney. This was pointed out by Binance, with an analysis shared with Cointelegraph en Español, from Argentina.

What makes this time different from other upward cycles that cryptomoney has had? In response to this question, they stressed that, first of all, there is the interest that public and private institutions are showing in including Bitcoin among their assets, including investment firms, hedge fund administrators and even companies that are quoted on the stock exchange. This has encouraged the organic growth of its value.

Binance Analysis: Why is the price of Bitcoin rising and how far could it go?

Another example of this was the announcement of PayPal, which will allow customers to buy and sell Bitcoin on its platform, awakening the interest of a more massive audience and raising the issue in the press and public opinion, thus increasing the knowledge and confidence of new users.

„This last movement towards the rise, finishes consolidating what was already glimpsed in the last weeks. Bitcoin had been testing a ceiling of USD 20,000 and managed to break it. The improvements in the markets in general, that the companies that invested in Bitcoin have bought back, as is the case of Microstrategy, which after buying 550 million dollars, has bet another 650 million, with an average price above 19,200 dollars, were factors that strongly influenced to break that ceiling,“ said Maximiliano Hinz, Latam Operations Director of Binance.

On the other hand, they also pointed out that, according to Google Trends, the number of searches for the terms „bitcoin“ and „price“ is far from reaching the massiveness levels of late 2017 (remembered as the last great rise of the cryptomone) which suggests that the growth of 2020 is not based on a frenzy of more novice investors looking to be part of the hype, but is most likely being driven by corporate investors and the consolidation of their participation within the cryptomone sector.

But what has drawn the attention of these investors to consider Bitcoin as an investment? What are the factors that have led Bitcoin to gain the trust of more traditional investors?

Binance pointed out that first of all, you have to look at the pricing history. „BTC started the year above $7,000 and in two months touched the $10,000 level. Then there was a pandemic-driven drop in global markets, which also affected Bitcoin and brought its price down to about $4,000. What followed was a steady return to pre-collapse levels in just two months, followed by stability near the $10,000 level, with lateral stocks in the middle, before the sustained rise in recent months and the arrival of a record high in the last few hours,“ they detailed.

From Binance they say that the Covid effect helps in the adoption of cryptomonies in Latin America

Another factor that according to this company has influenced the growth is the understanding of Bitcoin as a reserve of value with similar characteristics to gold.

„Some observers see BTC as a digital version of the precious metal, with similar scarcity properties that make both assets good deposits of value. However, Bitcoin outperforms gold in some features, such as counterfeit resistance, fungibility, portability, security, and more, making it generally less expensive and simpler to handle than gold,“ they said.

„Similar to the previous point, the understanding of Bitcoin as a negotiable asset compared to stocks has helped to understand the digital asset as a medium and long term investment worth considering. Other observers compare the rise and volatility of Bitcoin to the stock market, only with lower entry and maintenance thresholds, as well as a 24/7 market with a growing global user base. That’s why Bitcoin and other crypto-currencies have proven to have the potential to offer returns similar to those of the traditional stock market, while being more useful from an individual and institutional point of view,“ they added.

Il Senatore eletto vuole diffondere la consapevolezza di Bitcoin

Il Senatore eletto vuole diffondere la consapevolezza di Bitcoin nel governo degli

Un anno senza precedenti, il 2020 ha mandato in tilt l’economia globale nel tentativo di compensare le difficoltà legate alla COVID-19. Se il sistema tradizionale crolla, la Bitcoin diventerà vitale, secondo il senatore eletto degli Stati Uniti Cynthia Lummis.

„Se arriviamo al punto in cui abbiamo speso così tanto da far crollare le cose, l’evento del cigno nero si verifica per quanto riguarda qualsiasi valuta fiat – sia la nostra o la vostra o quella della Cina o del Giappone – che c’è un antiretro a disposizione di tutti i governi del mondo, e che l’antiretro è il Bitcoin“, ha detto Lummis a Peter McCormack durante un recente episodio del suo podcast What Bitcoin Did.

Le azioni governative e la copertura mediatica intorno a COVID-19 hanno avuto un picco nel mese di marzo, con Bitcoin System conseguente chiusura di aziende e difficoltà economiche. Da allora i problemi sono persistiti in termini di stimolo economico e di salute, in linea con i mandati del governo COVID-19.

Provenendo dallo stato cripto-compatibile del Wyoming, Lummis vuole aumentare la consapevolezza Bitcoin tra le autorità statunitensi. „Voglio davvero usare il mio tempo al Senato degli Stati Uniti in parte per aiutare a introdurre il tema del Bitcoin“, ha detto, spiegando il suo desiderio di farlo:

„Aumentare la comprensione in Senato sul Bitcoin, che cos’è, che cosa fa, come può essere un bene che può crescere e svilupparsi come accessorio, quindi fondamentalmente accanto alla nostra moneta fiat, e che dovrebbe essere permesso un percorso e un viale chiaro – un’autostrada interstatale in effetti – per crescere e svilupparsi accanto alla nostra moneta fiat“.

In contrasto con la Bitcoin e la sua consistente offerta, il quadro del dollaro statunitense include intrinsecamente l’inflazione, rendendo inevitabile la svalutazione, secondo Lummis, che possiede la Bitcoin stessa. „Sono un HODLER“, ha detto. „Compro solo. Non ho mai venduto“, ha aggiunto.

In linea con un anno difficile, il debito nazionale americano è ulteriormente aumentato nel 2020, attestandosi a più di 27 trilioni di dollari al momento della pubblicazione, il che riguarda la Lummis. „So che non c’è nessuna strategia, nessun piano, perché gli Stati Uniti comincino a ritirare il loro debito“, ha detto. „Quando sono entrata al Congresso nel gennaio del 2009, avevamo appena raggiunto i 10 trilioni di dollari, dai 9 trilioni di dollari di debito“.

Attualmente sono in corso anche altri colloqui sulla

Le autorità di governo degli Stati Uniti hanno elaborato una serie di iniziative di finanziamento legate al COVID-19 quest’anno, stampando al contempo enormi quantità di denaro contante. Attualmente sono in corso anche altri colloqui sulla spesa legata alla pandemia, ha osservato Lummis, indicando la Bitcoin come una possibile soluzione.

Oltre alla soluzione del debito, gli Stati Uniti hanno bisogno di „un percorso alternativo in caso di fallimento, e io vedo il percorso alternativo come Bitcoin“, ha detto Lummis, citando successivamente il ruolo di riserva di valore dell’asset e l’offerta limitata.

Last year Coinbase UK recorded a 38% drop

Last year Coinbase UK recorded a 38% drop in turnover compared to 2018.

This was recently discovered thanks to a report filed a few days ago, dedicated to Coinbase UK Ltd’s 2019 performance.

Coinbase UK is the subsidiary of the US parent company, and operates in the UK.

For example, the report states that during 2019 the company acquired more than 5 million new users, reaching a total of almost 22 million, and that its turnover was 94.8 million euros.

In 2018, on the other hand, probably thanks in part to the wake of the big speculative bubble at the end of 2017, turnover was 153 million, so in 2019 there was a real collapse of 38% from this point of view.

However, the net margin fell by only 8%, from 7.8 to 7.2 million, evidently due to Crypto Profit a sharp reduction in expenses.

Incidentally, Coinbase had no staff in the UK in recent years, so the reduction in costs was not achieved by cutting staff numbers.

However, the total value of client funds held in custody by the company increased in 2019 from 741 million euros on 31 December 2018 to 1.493 billion euros at the end of 2019, almost doubling.

It should be noted, however, that at the end of 2018, for example, the value of a bitcoin was around $3,800, while at the end of 2019 it had almost doubled ($7,400).

Coinbase UK’s turnover

Coinbase UK’s turnover is generated by both the exchange’s cryptocurrency exchanges and the debit card service, so it is not necessarily proportional to the value of clients‘ funds held in custody.

Instead, it is proportional to clients‘ exchange activities, and these were certainly still very high at the beginning of 2018.

Among other things, according to TechCrunch, Fortune staff writer Jeff John Roberts wrote a book on the history of Coinbase and CEO Brian Armstrong, entitled „Kings of Crypto“, published by Harvard Business School Press.

It is a narrative text that attempts to explain the world of crypto currency using the story of the birth of the exchange as a pretext to tell the story by giving the story a narrative slant.

The crypto world, in essence, is increasingly entering the mainstream.

OKEx announced a compensation programme after the withdrawal has been frozen

The OKEx Bitcoin Exchange presented a compensation programme for loyal users. Its terms and conditions apply to those who interacted with the platform during the withdrawal blocking period.

The Exchange plans to transfer 20% of commission income from trading in futures and perpetual swaps over the last seven weeks to an incentive fund. Active users will receive compensation depending on the amount of assets held and turnover. For owners of OKB stock exchange native token the amount will be doubled.

Users who hold more than $10,000 on the exchange will receive between $100 and $1,000 in the form of commission coverage depending on trading volumes.

Every week OKEx will provide all platform users with additional benefits for futures transactions and perpetual swaps.

On 16 October, the platform suspended its withdrawal due to the loss of communication with one of the private key holders. The media reported that the founder of OKEx Star Xu has been detained, but representatives of the exchange denied this information.

On 19 November OKEx promised to restore the withdrawal by 27 November 2020. Later on, Star Xu said that he was cooperating with law enforcement agencies on a share capital merger involving his company OK Group several years ago.

Recall that on 23 November the platform tested the withdrawal of 0.02 BTC from one of its wallets.