„All Banks Will Buy Bitcoin“ – Legendary Investor Has His Tongue in His Pocket

In Bitcoin, we trust – More and more reputable investors are not only looking into the Bitcoin case, but are outright praising it.

After Paul Tudor Jones, it is now Bill Miller who says that Immediate Edge will soon be a must-have.
Bitcoin, stronger than ever?

The American Bill Miller is considered a legendary investor. His main feat is to have managed to beat the performance of the S&P 500 stock index for 15 consecutive years, from 1991 to 2005, at Legg Mason Capital Management.

In a recent interview with Business Insider, Bill Miller explains that he believes Bitcoin (BTC) is here to stay and has a bright future ahead of him:

„(…) Bitcoin’s resilience is getting better every day. The supply of new Bitcoin in circulation is growing by about 2.5% per year, but demand is growing faster than that. (…) I think the risks of Bitcoin falling to zero are much lower than they have ever been before. »

The current head of investments at Miller Value Partners also explains that the very likely return of inflation, caused by central banks „abusing the money supply“, should support Bitcoin’s destiny.

The most sought-after asset will be Bitcoin.

Although he acknowledges that the king of cryptos still has „high volatility“, he notes that Bitcoin is „the best performing asset class“. Indeed, the BTC share price has risen by more than 110% since the beginning of 2020.

The legendary investor is also among those who believe that the examples of massive investments in Bitcoin by MicroStrategy and Square are just the beginning of a tsunami-like movement:

„I think all the big banks, all the investment banks, all the big high net worth companies, are going to end up exposed to Bitcoin or something like it, gold or other commodities. »

Here again, Bitcoin is perceived as a safe haven, just like the famous golden metal. What is changing is that long-time investment specialists (and therefore coming from traditional finance) seem ready to take one hell of a gamble: What if, despite its volatility, Bitcoin were to establish itself as the reference savings technology in the future?

Hvorfor Bitcoins opsving er stærkere, end du tror

Ingen kan lide at tale om dårlige tider, når de gode tider ruller, men det er bedre at lære end at være glemsom. Selv med prisen nu over $ 13.000 forbliver Bitcoin-markedet stadig forsigtigt, i betragtning af at vi stadig befinder os i det, der har været et meget uforudsigeligt år.

Det sidste bemærkelsesværdige nedbrud på markedet var i september, hvor prisen faldt med over 12 procent inden for få dage ned til $ 10.000. Dette nedbrud var det største siden det enorme fald på 50 procent i marts, en der blev udløst af en række økonomiske faktorer induceret af COVID-19.

Når jeg ser tilbage med perspektiv, havde både martsnedbruddet og septembernedbruddet underliggende ligheder og forskelle, men Bitcoin var stærkere i løbet af den ene og blev stærkere efter den anden.

Ifølge kvartalsrapporten fra dataanalysefirmaet CoinGecko havde Bitcoins fald i september en mindre indvirkning sammenlignet med martsnedbruddet, og dette kunne være et tegn på stigende volatilitet. Selvom det stadigt følsomme Bitcoin-marked kan flyttes af en række faktorer, præsenterede rapporten tre hovedårsager til sidste måneds fald,

”Voksende usikkerhed på det amerikanske aktiemarked, der er drevet af det kommende valg i november 2020 og COVID-19-politikker, kan være årsagen til faldet i september.”

Sammenlignet med martsnedbruddet skiller kun en lignende faktor sig ud – den amerikanske usikkerhed på aktiemarkedet. I begyndelsen af marts begyndte de fleste aktiemarkeder at tumle, og i midten af marts deltog Bitcoin i det kollektive nedbrud og faldt fra $ 7.200 til under $ 4,00 inden for en 24-timers periode, da behovet for at opbevare kontanter og toiletpapir greb verden. Men med en anden økonomisk stimulusregning, der er tættere på godkendelse, er markederne stadig nervøse, men denne gang deltager Bitcoin ikke i angsten og har taget afsæt i isolation.

Rapporten tilføjede yderligere, at når man ser på markedsvolatilitet som et mål for den daglige prisændring, ser Bitcoin en „høj positiv sammenhæng“ med S & P500, og dette kan udgøre „højere nedadrettede risici i forhold til S & P500 på kort sigt.“ Markedets modstandsdygtighed er imidlertid ikke gået ubemærket hen, da Bitcoins opsving i september har overgået sin genopblussen fra april til maj. Rapporten bemærkede,

„Bitcoin viste tegn på styrke under september dip, sammenlignet med marts Black Thursday crash.“

PayPal increases limit Bitcoin purchases to $15,000 per week

Perhaps the biggest news of last month was that PayPal is entering the Bitcoin market.

Today CEO Daniel Schulman comes with more clarity about the payment processor’s ambitions with Bitcoin but also with central, digital bank tokens (CBDCs).

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Bitcoin and PayPal
In 2021, PayPal is going to bet on a wide range of cryptoproducts and services. So sales of Bitcoin and other cryptocurrency’s will also Bitcoin Era go through Venmo and customers outside America, says CEO Dan Schulman.

Currently, only 10% of US customers have access to the new crypto service. The rest of America will have access to the tools in the next two to three weeks, says Schulman.

The concept seems to catch on. Initially, the company set a weekly purchase limit of $10,000. Due to the enormous interest, it was decided to raise the limit to $15,000 per week.

„The waiting list is two to three times longer than we expected“.

Jeremy Allaire is one of the lucky ones who could already use the platform. He bought Bitcoin from PayPal for $100. Since last month, PayPal has been available to buy, sell and store the crypto coin. It is not (yet) possible to withdraw BTC from the platform.
Central Bank Digital Currency
In addition, Schulman specifically mentions that, as a company, they see a future in digital assets and digital identities. The Central Bank Digital Currencies (CBDC) therefore also fit into this list. He also mentions that PayPal is out to create the „most complete and convincing wallet“.

With this, he implies that they are striving to deal with CBDCs as well as Bitcoin.

„About the CBDCs: it is not a question of whether they will get there, but when and how.

He indicates that with PayPal they want to build a kind of bridge between the traditional financial world and the future. Interoperability is one of the eye-catchers.
At the same time, they are also looking for acquisitions. Last week, for example, they revealed that the payment processor hopes to take over the custodial BitGo. It has not yet been communicated whether this deal has been completed.

Ledger per aiutare MicroStrategy ad assicurarsi 400 milioni di dollari in Bitcoin

Ledger è una forte opzione disponibile, come è ben noto per i suoi portafogli di hardware. Il consumatore ha bisogno di avere opzioni accessibili per i propri prodotti e, grazie all’efficienza che Ledger offre, molte aziende ne vedono il fascino.

Pailhon, il vice presidente di questa azienda, ha fatto sapere che Ledger ha molti interessi. La ragione principale è che questo prodotto è molto efficace perché supporta concretamente sia gli utenti che le aziende. Grazie all’accettazione, si stanno implementando anche altre opzioni come MicroStrategy per offrire vantaggi ancora maggiori.

Come parte della tecnologia, Ledger mostra anche la sua intelligenza a livello aziendale attraverso MicroStrategy. Questa azienda è stata ben accettata fin dalla sua nascita nell’agosto 2020, e il suo tesoro è valorizzato in Crypto Trader. Tra gli esempi che possono essere resi noti c’è Square da quando ha acquisito 50 milioni di dollari in questa valuta virtuale.

Dopo questa acquisizione è stato sviluppato SubZero, che funziona come un sistema open-source dove gli asset possono essere conservati in modo sicuro.

Ledger è il miglior aiuto per MicroStrategy

Pailhon ha fatto diverse dichiarazioni su Ledger, discutendo delle risorse digitali e della sicurezza dell’hardware. Sia Square che SubZero utilizzano entrambi i processi.

Questo VP ha sottolineato che questa tecnologia può funzionare meglio nelle aziende che offrono una tecnologia come Square che gestisce l’elaborazione HSM. Questo portafoglio è stato configurato nel modo migliore per offrire una piattaforma molto stabile per tutti i suoi clienti.

Accanto a questo c’è MicroStrategy, e per lavorare è necessario conoscere il numero di partecipanti e circa 2 o 3 firme. Per effettuare le transazioni è necessaria un’autorizzazione, e dopo questo processo, tutte le chiavi private saranno prese e memorizzate nel sistema HSM.

Alcune delle chiavi private possono anche essere conservate in caveau fisici dove sia gli utenti che le aziende possono beneficiare dell’utilizzo del Ledger. Attraverso questo portafoglio, le transazioni possono essere effettuate dopo aver effettuato l’accesso al sistema del portale Ledger Vault, che garantisce che tutte le transazioni siano effettuate in modo efficiente e semplice.

Ethereum fees more expensive than Bitcoin: when will the solution come?

Ethereum (ETH) is currently still supported by Proof of Work. This will soon change with the update to Ethereum 2.0: Then the Ethereum blockchain will be verified via proof of stake. The picture shows an Ethereum coin standing on a motherboard.

The Ethereum network has now had higher average transaction fees than the Bitcoin network for 2 months. Blockchain fees are one of the biggest challenges. Ethereum users and investors are wondering when the solution will come? – Among other things, there is also an improvement proposal called EIP-1559.

Ethereum fees beat Bitcoin (BTC)

In particular, the use and hype surrounding decentralized finance (DeFi) has pushed the Ethereum network to its limits. Countless transactions have meant that not only transactions were carried out slowly, but also had high fees.

A recent tweet by the analytics firm Messari on October 8th shows that the longest period has now been reached, in which Ethereum fees are higher than Bitcoin’s fees.

Especially in August, i.e. at the absolute high of DeFi, the Ethereum fees reached their all-time high. However, due to the cooling off of the DeFi market , the situation has calmed down significantly today.

In absolute terms, this means that the Ethereum fees are currently around $ 2, while the average value in August-September was around $ 14.

EIP-1559 and the question of a solution

Ethereum 2.0: This buzzword has been circulating in cryptospace for several months and years. What is meant is the final solution to the scaling debate and problems of Ethereum. But until this is actually implemented, it will probably take another 2 years.

Therefore the question arises of how to find a good interim solution. In other words: are there ways to solve the problems with the fees quickly and satisfactorily?

Last week , ConsenSys developer Tim Beiko published the findings of a survey on the Ethereum Improvement Proposal 1559 .

At its core, this EIP is about the idea of implementing a fixed network fee per block and also using a “tip” for miners. Part of the fees would in turn be incinerated depending on the use of the blockchain (congestion level).

The survey shows that the majority with 60% support the project. The remaining 40% are divided into 27% who have a neutral opinion and 13% who reject the project. Logically, it is especially the miners who are critical of the EIP-1559.

Ministério Público espanhol investiga suposto esquema de pirâmide de bitcoin: US $ 1 bilhão em fundos de investidores supostamente ausentes

O Ministério Público espanhol diz que está investigando Arbistar por supostamente comandar um esquema de negociação de bitcoin, com resultados preliminares sugerindo que US $ 1 bilhão em fundos de investidores não podem ser contabilizados.

O desaparecimento de fundos de investidores afetou 32.000 famílias que não estão conseguindo acessar suas economias investidas na Arbistar, uma plataforma de negociação de bitcoins

Os problemas para os investidores da Arbistar começaram depois que a plataforma de negociação de bitcoin congelou abruptamente as contas dos investidores antes de encerrar as operações em setembro. Na época, executivos da Arbistar alegaram que um erro em um de seus bots de criptografia fez com que a plataforma de negociação de bitcoins pagasse mais lucros do que os devidos.

Em um comunicado, logo após congelar as contas dos investidores, Arbistar disse que o erro, que não foi detectado por quase um ano, deixou a plataforma de negociação em um buraco financeiro.

Agora, de acordo com relatos da mídia espanhola , a polícia de Tenerife, onde a Aribistar tem sua sede fiscal, “já abriu investigações sobre a empresa”.

A polícia também quer “saber o destino dos fundos (desaparecidos)”

Enquanto isso, alguns dos investidores afetados pelo congelamento de contas da Arbistar insistem que a plataforma de negociação de bitcoin é um esquema de pirâmide. No entanto, o diretor e dono da Arbistar, Santiago Fuentes, contesta essa caracterização ao defender o bloqueio às contas dos investidores:

É apenas um erro informático que temos de resolver, liquidar e continuar com os nossos negócios.

O preço do bitcoin cai para US $ 10.525, já que as ações também caem (observação do mercado)

O preço do bitcoin cai para US $ 10.525, já que as ações também caem (observação do mercado)
$ 10 bilhões saíram da capitalização de mercado da criptografia, já que o Bitcoin e a maioria das moedas alternativas estão no vermelho. O BTC mais uma vez seguiu Wall Street.

O Bitcoin não conseguiu sustentar sua recente alta e caiu para aproximadamente US $ 10.600. A maioria das moedas alternativas imitou o movimento do BTC, resultando em uma perda de US $ 10 bilhões do valor total do mercado.

Bitcoin falha em $ 10.800

Conforme relatado ontem, o Bitcoin reagiu positivamente com a notícia de que o presidente dos EUA, Donald Trump, deixou o hospital depois de alguns dias e voltou para a Casa Branca. A criptomoeda primária, copiando ganhos em Wall Street, acelerou de preço e atingiu o pico de US $ 10.800.

No entanto, a situação se inverteu nas últimas 24 horas. O Bitcoin não conseguiu manter sua corrida e caiu drasticamente de $ 10.750 para uma mínima intradiária de $ 10.525 (na Binance). Apesar de recuperar algum terreno desde então para mais de $ 10.600, o BTC ainda está abaixo de 1% em um dia.

Com sua mudança para o sul, o Bitcoin mais uma vez se assemelhou à evolução dos preços em Wall Street. Os três índices mais proeminentes do mercado de ações dos EUA fecharam o pregão de terça-feira no vermelho.

O Dow Jones Industrial Average e o S&P 500 caíram cerca de 1,4%, enquanto o Nasdaq perdeu quase 1,6%

O vermelho domina o mercado de altcoin, já que a maioria das moedas seguiram o Bitcoin no caminho para baixo. O Ethereum despencou cerca de 4% e os negócios estão abaixo de US $ 340.

Após alguns dias de desempenho de preço impressionante, o Ripple também perdeu uma parcela significativa de valor (5,3%). O XRP caiu para $ 0,245.

O Bitcoin Cash (-1%) aproveitou o despejo de 5% do BNB e ficou em 5º lugar. Polkadot (-8%) e Chainlink (-9%) são os perdedores mais significativos entre os 10 primeiros.

Perdas adicionais são evidentes com altcoins de capitalização média e baixa. O Ocean Protocol (-20%) lidera essa classificação adversa. Elrond (-19%), Aave (-18%), Yearn.Finance (-17%), The Midas Touch Gold (-16%), Solana (-15%), Uniswap (-15%), Uma (- 14%), Kusama (-14%) e Balancer (-14%) são apenas uma parte dos representantes de queda de preços de dois dígitos.

Com tanto vermelho espalhado pelo campo, a capitalização de mercado total sofreu as consequências. A capitalização de mercado cumulativa de todas as criptomoedas caiu de US $ 342 bilhões para US $ 332

Bitcoin currently undervalued? Bloomberg Analyst sees an imbalance

Bitcoin price rises sharply and can record price gains. The picture shows a price curve as well as stacked bitcoins.

Bitcoin is the first and most important cryptocurrency of all. In addition, BTC has a market dominance of around 60% according to Coinmarketcap and is therefore by far the most valuable crypto currency on the market. Still, many still consider Bitcoin Code to be undervalued. So does the Bloomberg analyst Mike McGlone. In his opinion, the Bitcoin price should currently be much higher. He uses an on-chain indicator as a basis for argumentation.

Bitcoin undervalued, according to Bloomberg Analyst

According to Mike McGlone, Bitcoin is currently priced at USD 15,000. Accordingly, the current BTC price of around USD 10,500 would be around USD 4,500 undervalued. This assumption is based on a combination of recent price movements, the hashrate and the average of active Bitcoin addresses.

The Bitcoin hashrate continues to rise and recently hit new highs. The addresses used are also increasing. The 30-day average of Bitcoin addresses is a top metric for adoption and equates to the price of $ 15,000 when measured on an auto-scale basis since 2017.

The recent Bitcoin price slump did not unsettle McGlone. he continues to believe that BTC is hopeful for both trading and investment purposes. He assumes that Bitcoin will remain the most important cryptocurrency and will be the most important element of the “paradigm shift towards digital money and store of value”.

On-chain metrics indicate a positive trend

Nevertheless, he says that there can also be strong price fluctuations. But for Bitcoin to lose value in the long term, the two on-chain metrics – hashrate and active addresses – would have to change significantly in a negative direction. Therefore, he currently sees a positive trend, which is supported by these factors.

Our graphic shows primary on-chain metrics that would have to reverse in order for Bitcoin to stop rising in price – the hashrate and active addresses.

Bitcoin is becoming more and more relevant

You can also clearly see the development of the last few months and years. Bitcoin is no longer the means of payment for criminals and drug dealers, as it was spread through the media a few years ago. It is slowly becoming a recognized financial product and is now enjoying demand from various institutional investors.

In addition, the infrastructures around Bitcoin are getting better and better. Onboarding prospects has never been easier. Soon, BTC will also find a place in the portfolios that banks are offering their customers. But a much more important reason why Bitcoin should rise in price in the long term is the regular halvings that sustainably reduce the production rate of new BTC.

The last Bitcoin Halving took place in May this year. The effects on the market only become apparent on average about 18 months later. At least if you include the findings from the other two halvings. Accordingly, a supply shock could hit us next year, which could have a positive effect on the price.

The next halving will take place in 2024 and will make Bitcoin rarer and harder than gold. So BTC would be the best store of value in theory. Whether the understanding of Bitcoin will be given by then is in the stars. We are excited and will keep you up to date as always.

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Górnicy Bitcoinów sprzedali 63% więcej monet niż wygenerowano w ciągu jednego dnia

Wraz z wczorajszą korektą eterenu (ETH) i wieloma żetonami DeFi rozlewającymi się również na bitcoin (BTC), górnicy bitcoinów sprzedali BTC 844 (9,5 mln USD) w ciągu jednego dnia, czyli 63% więcej monet niż wygenerowali w tym samym okresie czasu.

Ponadto, zgodnie z danymi z Bajtree, górnicy nadal rozładowują więcej bitcoinów niż wydobyli w tym tygodniu, przy czym w ciągu ostatnich 7 dni odnotowano odpływ netto BTC 812. Poziom cotygodniowych odpływów z górników jest mniej więcej zgodny z danymi z zeszłego tygodnia, choć oznacza on znacznie większą sprzedaż ze strony górników w porównaniu z sytuacją w połowie sierpnia, kiedy to cotygodniowe odpływy kształtowały się na poziomie BTC 171.

Górnicy Bitcoinów sprzedali 63% więcej monet niż wygenerowano w dniu 102
Źródło: terminal.bytetree.com, UTC 11:05
Na zmianę sald górników zwrócił uwagę również dostawca usług analitycznych CryptoQuant, nazywając odpływy „niezwykle duże“ i dodając, że część monet została wysłana na giełdy.

Bitcoin Miners Sold 63% Więcej monet niż wygenerowane w dniu 103
Górnicy wysyłający większe ilości Bitcoin Evolution na giełdy, aby je odciążyć, mogą mieć negatywny wpływ na ceny. Jednakże górnicy mają również możliwość wyładowania monet za pośrednictwem pozagiełdowych usług handlowych, co nie ma takiego samego bezpośredniego wpływu na ceny rynkowe.
Komentując wiadomości, jeden z użytkowników Twittera w tym samym wątku ostrzegał o „Dużej korekcie na swojej drodze“, podczas gdy inny wskazywał, że odpływy górników w obszarze od 400 do 600 BTC jest „nie aż tak duży“. Wolumen handlu BTC w ciągu 24 godzin przekroczył dziś 18 mld USD.

„Baseny to w zasadzie podmioty przelotowe – czyli nagrody blokowe są niemal natychmiast rozdawane ich górnikom. Nigdy nie widziałem żadnych dowodów na to, że odpływy portfeli są wskaźnikiem predykcyjnym dla jakichkolwiek ruchów na rynku. Czyżby?“ dodał inny użytkownik.

W czwartek (11:17 UTC), w ciągu ostatnich 24 godzin po wczorajszej wyprzedaży, Bitcoin wciąż spadał o ponad 1%, obecnie handlując po 11,292 USD za monetę. W ciągu ostatnich 7 dni, moneta spadła o prawie 1%.

Predicción de precios de Bitcoin: Después de una modesta recuperación, el BTC/USD se comercia por encima del nivel de 11.700$.

Los toros BTC/USD están luchando por empujar el precio hacia un potencial nivel de resistencia de 12.000 dólares.
Tendencia a largo plazo del BTC/USD: Alcista (Gráfico diario)

  • Niveles clave:
  • Niveles de resistencia: 12.800, 13.000, 13.100 dólares.
  • Niveles de apoyo: 10.700, 10.500, 10.300 dólares.
    BTCUSD – Gráfico diario

El BTC/USD continuamente falló en mantener el nivel de precios de 12.000 dólares, con correcciones recientes que cayeron por debajo de 11.500 dólares en los últimos días. Sin embargo, el precio está actualmente al alza en un 0,95% y se está negociando lateralmente en un rango estrecho un poco por encima del área de 11.700 dólares alrededor de los promedios móviles de 9 y 21 días, ya que el RSI (14) se enfrenta al nivel de 60. Más aún, un retroceso por debajo de 11.300 dólares podría hacer que Bitcoin Circuit se estrellara hasta los 11.000 dólares.
¿Qué es lo siguiente para Bitcoin (BTC)?

El nivel de soporte de 11.600 dólares es crítico para el próximo movimiento de precios de Bitcoin. Por lo tanto, para que el BTC/USD vuelva a probar los 12.000 dólares, los compradores pueden necesitar ser lo suficientemente fuertes como para forzarlo a pasar por la resistencia más cercana de 11.800 dólares y es probable que empuje el precio hasta los niveles de resistencia de 12.800, 13.000 y 13.200 dólares, fallo al que el precio podría caer bruscamente hasta niveles de soporte más bajos.

Por debajo de la marca de 11.000 dólares, la zona de soporte más baja puede estar situada en los niveles de 10.700, 10.500 y 10.300 dólares, aunque los operadores no ven a Bitcoin retrocediendo tanto.

Tendencia a medio plazo de BTC/USD: Bajista (gráfico 4H)

Según el gráfico de 4 horas, durante casi una semana, el BTC/USD está operando en un rango de entre 11.400 y 11.800 dólares. Actualmente, como el BTC se negocia alrededor de 11.700 dólares, tendrá que romper por encima de 11.900 dólares y luego desafiar a 12.000 dólares para volver a los mínimos más altos de la trayectoria alcista (a corto plazo). Desde arriba, la resistencia potencial se encuentra en 12.100 dólares y más, mientras que los soportes podrían encontrarse en 11.400 dólares y menos. El RSI (14) se ve moviéndose por debajo del nivel 55.
BTCUSD – Gráfico de 4 horas

El próximo encierro de Bitcoin puede ser épico

Los planes presupuestarios del gobierno continuarán inyectando más dinero en la economía, lo que es malo para el dólar americano, pero bueno para la valoración de mercado de Bitcoin, dependiendo de cuánto se utilice para adquirir Bitcoin.

De acuerdo con el analista profesional Max Kaiser, los recientes desarrollos en el mercado tradicional, como el abandono de las acciones de Warren Buffett por el oro, indican un movimiento alcista masivo en los precios de Bitcoin. Si el 1% de la asignación global (1 billón de dólares) va a Bitcoin, su precio puede alcanzar los 50.000 dólares.