Monthly Archives: Dezember 2020

PlanB: Bitcoin bull run behaves more like 2013 than 2017

The bitcoin price has had a strong run in 2020.

From its low of around $4,000 in March this year, the cryptocurrency has more than recovered, hitting a new all-time high of around $28,500 yesterday.

Bitcoin’s bull run is behaving more like 2013

Pseudonymous analyst PlanB, best known for his stock-to-flow model, recently tweeted that he feels Bitcoin Union scam bull run feels more like 2013 than 2017.

In the figure below (source: PlanB Twitter), you can see the price trend since halving in 2012 (dark blue), halving in 2016 (light blue), and halving in 2020 (red).

What is amazing is that Bitcoin seems to be moving between the two previous halving cycles. This is despite the fact that the cryptocurrency showed little signs of an imminent recovery earlier this year.

Analyst PlanB believes that Bitcoin could reach a price of $288,000 by the end of 2021 in this rally. His Twitter followers have a similar view. With about 36,000 respondents, the poll showed that about 38 percent think bitcoin will reach a level of $100,000 by the end of 2021.

Do you think #bitcoin will reach $288K (S2FX model), $100K (S2Fv2 model), $55K (S2Fv1 model) .. before December 2021 … or will BTC stay below $55K?
– PlanB (@100trillionUSD) December 27, 2020

Not the only bitcoin bull

PlanB isn’t the only one bullish about Bitcoin’s future trajectory. Tim Draper recently predicted in an interview that BTC can reach around $250,000 by the end of 2022.

Another well-known and accurate trader named Cryptobirb tweeted today that it is quite possible that BTC could still reach $30,000 by the end of this year.

We may really see $BTC 30k before 2020 ends pic.twitter.com/xjvUg1IpvL
– CRYPTO₿IRB (@crypto_birb) December 28, 2020

The Bitcoin price has entered uncharted territory and is in a new price discovery phase. For the first time in history, more and more companies and institutions (Microstrategy, PayPal, etc.) are starting to invest in Bitcoin.

Personally, one should be aware that the price is extremely volatile and that it is quite possible for Bitcoin to reach six-figure levels, but it is also possible that the price could fall extremely, as the previous cycles have shown.

We are looking forward to the year 2021!

Bitcoin se incendió pero aún en las primeras entradas: Anthony Scaramucci de Skybridge Capital

El administrador de riqueza de mil millones de dólares lanzó un Fondo de Bitcoin con una inversión de $ 25 millones para „democratizar BTC como lo hicimos con la industria de los fondos de cobertura hace una década“.

Anthony Scaramucci, fundador y socio codirector de Skybridge Capital ha anunciado el lanzamiento de un nuevo fondo adaptado a Bitcoin

Sin embargo, no es solo porque la criptomoneda insignia está en llamas últimamente que están apostando por Bitcoin, sino que, como Sacramucci compartió, “les hubiera encantado haber desplegado el fondo hace tres o cuatro meses”, Bitcoin Up simplemente se disparó como loco.

Sin embargo, según él, esto es solo el comienzo. „Creo que se incendió, pero todavía estamos en las primeras entradas“, dijo Sacramucci en una entrevista con Scott Wapner de CNBC. De hecho, han estado ocupados durante los últimos dos años investigando sobre Bitcoin y sintiéndose cómodos con el activo digital.

Después de hacer toda la investigación, el administrador de patrimonio de miles de millones de dólares cree que es un depósito de valor, y „dada la oferta monetaria y la coordinación de la banca central global en este momento, esta será una clase de activos muy fuerte durante la próxima década“.

Durante esta investigación, también se han puesto en contacto con Michael Saylor de MicroStrategy , para hacer un „montón de charlas salinas“, que les dejó en claro que „necesitábamos crear un producto amigable para el cliente,“ algo con un mínimo de la masa adinerada podía acceder „. Sacramucci dijo:

„Hasta que, francamente, haya un ETF o haya una cuenta de cliente en algún lugar donde la gente pueda tener bitcoin, esta será una forma de democratizar Bitcoin como hicimos con la industria de los fondos de cobertura hace una década“.

Saltar antes de que la adopción institucional se acelere al máximo

El nuevo fondo Bitcoin de Skybridge Capital comenzó a cotizar esta semana con 25 millones de dólares del capital de la empresa. Tiene un período de tenencia de tres meses para dirigirse a los inversores a largo plazo. El fondo comenzará a funcionar el 4 de enero para inversores externos. Scaramucci dijo:

„Estamos muy emocionados“.

“O tienes que aceptar que Bitcoin es una reserva de valor o no. Todavía hay escépticos y por eso creo que estamos en la primera entrada ”.

Bigger than Visa – Bitcoin cracks US $ 25,000 and outperforms big “competitors”

With a new record high of over $ 25,000, Bitcoin’s market cap is now larger than Visa’s.

On yesterday, December 25th, Bitcoin ( BTC ) climbed above the 25,000 US dollar mark on the Bitstamp crypto exchange and thus achieved a (further) new record high . At the same time, the market-leading cryptocurrency has a larger market capitalization than the payment giant Visa.

The leading payment company Visa has a market value of $ 460.06 billion as of December 26, according to Yahoo Finance, while Bitcoin Supersplit is now at more than $ 462 billion.

Apples and pears?

Bitcoin is a peer-to-peer (P2P) based blockchain protocol, while Visa is a for-profit business. This could lead the reader to the conclusion that a comparison between the two is not permissible.

Nonetheless, the comparison of the two „payment systems“ has a symbolic value, because the current market capitalization makes Bitcoin the thirteenth largest company in the world at the moment (see above).

The interest of institutional investors in Bitcoin received a significant boost in 2020. The demand from major investors is now increasing exponentially , and the confidence of institutional investors could be further strengthened by the fact that the cryptocurrency now depends on another major “competitor”, Visa.

More and more institutions and major investors are entering the crypto market via the large asset management company Grayscale and the Bitcoin futures of the CME Group’s options exchange. The assets under management by Grayscale now amount to almost 17 billion US dollars, while the open interest of the CME Bitcoin futures is consistently above 1 billion US dollars.

Ironically, Visa itself has shown more and more interest in the crypto market in recent months, after the two large payment service providers and competitors PayPal and Square have also been betting on Bitcoin.

Wirex, a company that issues Visa debit cards for cryptocurrencies, has been named a strategic partner of Visa Europe. Cuy Sheffield, the executive director of cryptocurrencies at Visa, said :

“Digital currencies have the potential to expand the added value of digital payments to even more people and regions. We’re excited to partner with innovative fintech companies like Wirex, which enable their customers to pay with digital currencies at more than 61 million retailers on the Visa network. “
What’s next for Bitcoin?

Meanwhile, the crypto experts are confident that Bitcoin will continue to climb, at least in the short term

The crypto analyst Intotheblock thinks that an important support area has arisen between 23,069 – 23,377 US dollars that can support the latest upward trend. To this end he writes :

“Bitcoin has managed to consolidate above $ 23,000. The IOMAP indicator confirms this thesis as it shows strong support between 23,069 – 23,377.1 US dollars. In this area, almost 900,000 addresses had recently bought 796,000 BTC.

Bitcoins leveranslikviditetskris är extremt bullrigt för BTC-pris, säger Glassnode CTO

Även efter att nyligen kartlägga en ny ATH redogjorde Glassnodes CTO för flera skäl som tyder på att BTC befinner sig i en ”extremt hausse” likviditetskris.

Bitcoin kan vara på väg mot en hausseartad leverans- och likviditetskris, säger Glassnodes Chief Technology Officer. Han kom till denna slutsats efter att ha granskat den senaste utvecklingen av BTC, inklusive institutionell adoption, bitcoin hodlers, växlingsbalanser och gruvarbetare.

BTC-plånböcker, förlorade mynt och mer
Rafael Schultze-Kraft, CTO på analysföretaget Glassnode, undersökte olika BTC-statistik, mätvärden och den senaste utvecklingen som pekar på en pågående leverans- och likviditetskris.

Han tog upp den välkända maximala tillgången på 21 miljoner bitcoins som någonsin existerade men noterade att det verkliga antalet är betydligt mindre. Minst tre miljoner mynt anses vara förlorade och oåterkalleliga och står för cirka 16% av det hårda locket.

Glassnodes verkställande direktör granskade vidare de så kallade Bitcoin-ackumuleringsadresserna som innehåller 2,7 miljoner mynt. Det är plånböcker som bara har fått bitcoins och aldrig har spenderat några pengar. Schultze-Kraft beskrev dem som ”sanna hodlers”, som äger 14,5% av den cirkulerande BTC-leveransen.

Antalet bitcoins som lagrats på kryptovalutabörser har minskat med 20% sedan årets början. Schultze-Kraft klassificerade detta som den ”längsta uttömningen av börsfonder” eftersom investerare kontinuerligt har överfört sina innehav till långvariga lager. I slutändan innebär detta att likviditeten på handelsplatser har minskat betydligt i år.

Gruvarbetare har avstått från att ta ut pengar till dessa priser eftersom den nuvarande gruvarbetet ligger på 1,7 miljoner bitcoins. Faktum är att antalet BTC som aldrig har lämnat gruvarbetarnas adresser bara har ökat sedan halveringen 2020.

Institutionell antagande och gråskalens roll

BTC upplevde den stora entrén för stora företag, institutioner och framstående investerare under de senaste månaderna. Namnen är det NASDAQ-listade företagsintelligensföretaget MicroStrategy, Jack Dorsey’s Square, försäkringsjätten MassMutual, hedgefond One River Asset Management och Wall Street behemoth Guggenheim Partners köpte totalt bitcoin i värde för miljarder dollar.

Schultze-Kraft skisserade denna utveckling och sade att de har torkat upp vätsketillförseln ännu mer. Han föreslog också att fler liknande företag snart skulle kunna följa.

Dessutom tog han upp den växande rollen som den ledande digitala kapitalförvaltaren – Grayscale. Schultze-Kraft sa att företaget hade köpt cirka 210 000 bitcoins för sina kunder under de senaste sex månaderna. Intressant nog överträffade detta belopp faktiskt antalet brytade mynt sedan dess – cirka 185 000 bitcoins.

Det är också värt att notera att halveringen 2020 minskade till hälften av BTC-produktionen till 6,25 mynt per block. Grundläggande ekonomiska principer dikterar att om tillgångens tillgång minskar, medan efterfrågan förblir densamma eller ökar, är den tillgången grundad för värdestegring.

Följaktligen drog Schultze-Kraft slutsatsen att BTC befinner sig i en leverans- och likviditetskris, vilket är en ”mycket underskattad” men ”extremt hausse” berättelse. Han tillade att „vi kommer att se detta betydligt återspeglas i Bitcoins pris de kommande månaderna.“

Bitcoin-hinta voi nousta 500 000 dollariin „erittäin nopeasti“, sanoo Celsius Networkin toimitusjohtaja

Salauslainanantaja Celsius Networkin toimitusjohtaja Alex Mashinsky on paljastanut haastattelun aikana uskovansa, että bitcoinin hinta voi nousta 500 000 dollariin „hyvin nopeasti“, jos HODLerit pitävät varojaan kiinni ostajien kysynnän kasvaessa.

Puhuessaan Yahoo Financen Julie Hymanille Mashinsky sanoi, että tämän vuoden bitcoin-härkäajo, jonka aikana BTC: n hinta nousi kaikkien aikojen korkeimmaksi yli 23 000 dollarin, ei johda vain yksityissijoittajista, kuten vuonna 2017 ajettu härkä.

Sen sijaan on „paljon laajempi hyväksyntä sekä laitoksilta että vähittäiskaupalta, perhetoimistoilta ja niin edelleen“. Hän sanoi, että useimmat ihmiset jo tietävät, mikä bitcoin on, ja „vain kerääntyvät edelleen“, mikä tekee asiat tällä kertaa erilaisiksi.

Kysyttäessä mistä bitcoin on tarkoitettu ja miksi sillä on arvoa, Mashinsky huomautti, että keskuspankit valvovat fiat-valuuttoja, jotka lisäävät edelleen rahaa liikkeeseen ja lisäävät kiertävää tarjontaansa, mikä voi olla rajatonta. Ihmiset ymmärtävät nyt, että „sinulla on oltava jotain, jolla on niukkuutta“.

Vaikka hän uskoo vanhemmille sukupolville olevan mukavampi kulta inflaatiovakuutuksena, nuorempi sukupolvi näkee asiat eri tavalla. Hän sanoi:

Mutta nuorempi sukupolvi etsii sen digitaaliversiota, ja digitaalinen versio, jolla on niukkuutta, jopa enemmän kuin kulta, on Bitcoin.

Celsius-yhteisössä hän sanoi, että maailmassa on noin 250 000 ihmistä, jotka uskottivat yritykselle yli 4 miljardin dollarin arvosta omaisuutta, ja he vain keräävät varoja. Bitcoin sanoi, että hän on arvovarasto ja parhaiten menestyvä omaisuusluokka viimeisen 10 vuoden aikana.

Tuon niukkuuden perusteella Yahoo Finance -yhtiön Brian Sozzi kysyi uskooko BTC: n osuma 400 000 tai 500 000 dollaria ensi vuonna. Mashinsky sanoi, että vaikka emme tiedä kuinka monta myyjää on tasoilla, kuten 25,00 ja 30 000 dollaria, tiedämme, että kysyntää on paljon.

Hän lisäsi, että „satoja miljoonia dollareita miljardeja dollareita tulee sisään“. Jos HODLer-yhteisö, joka on kertynyt, ei myy, niin „aiomme saavuttaa nämä hintatasot hyvin, hyvin nopeasti“, hän sanoi.

Jos muut päättävät, että Bitcoin Revolution: n käypä arvo on muilla tasoilla, tälle polulle luodaan vastarintaa. Hän lisäsi:

Joten luulen, että tämä vuosi todennäköisesti lopettaa sen tällä 20 000 – 25 000 dollarin alueella. Ensi vuonna luultavasti 30000-35000 dollaria, ja sitten aiomme nousta näille uusille korkeille tasoille, joista puhut.

Brocolli, Turnschuhe oder Bitcoin? Welches ist die beste Investition für Ihre Zukunft?

Bitcoin Suisse AG, der älteste regulierte professionelle Anbieter von Krypto-Finanzdienstleistungen in der Schweiz, hat kürzlich eine interessante Bitcoin-Anzeige im Hauptbahnhof Zürich geschaltet.

Diese Anzeige ist Teil einer Weihnachtskampagne von Bitcoin Suisse:

Wie Cointelegraph kürzlich berichtete, zeigt der linke Teil der Anzeige drei Weihnachtsbäume von zunehmender Größe und den deutschen Text „Weihnachten mit Bitcoin“, was übersetzt „Weihnachten mit Bitcoin“ bedeutet. Der rechte Teil der Anzeige zeigt einen Brokkoli, einen Laufschuh und das Bitcoin-Logo und zeigt den deutschen Text „Neujahrsvorsätze?“, was übersetzt „Neujahrsresolutionen?

Marc Baumann, Leiter Marketing und Kommunikation bei Bitcoin Suisse, sagte gegenüber Cointelegraph, dass der linke Teil der Anzeige versuche zu zeigen, dass „der USD-Wert von Bitcoin mit jedem Heiligabend wächst“. Was den rechten Teil der Anzeige betrifft, so erklärte er es wie folgt:

„Sie können sich gesund ernähren, Sie können sich bewegen, aber nichts geht über Bitcoin, wenn es darum geht, in Ihre Zukunft zu investieren“.

Er fuhr fort:

„Neben dem Flughafen Zürich und unserem Bitcoin Tram, das in Zürich herumfährt, dachten wir, dass wir Bitcoin wieder auf den Radar bringen würden, um neben den steigenden Preisen und einer erfolgreichen ETH2-Einführung auf einer guten Note zu enden.“

Volume of Ethereum options at record level

ETH bullish: Volume of Ethereum options at record level – but why is demand rising?

The volume of the market for Ethereum options has reached a record high, while the demand for ETH options has increased in recent weeks.

Analysts from Deribit, a market for crypto-currency options, commented:

„Our open interest for ETH options is a new ATH of $826 million! The expiration on Christmas Day leads with over 669k ETH OI. The ETH put/call ratio for this strike: 1.19 ETH Maximum pain for the expiration on 25 December is $400!“.

As a result, Ethereum could experience increased volatility Bitcoin Up towards 25 December as a major option expiry approaches.

Ethereum’s foundations are strengthened

The general increase in Ethereum’s trading activities is reflected in the improving fundamentals.

For example, the on-chain analysis company intotheblock reports that the hash rate of the Ethereum network has remained at an all-time high. This is an indication of the growing demand for ETH, as it shows that miners continue to devote their resources to the aggressive mining of ETH.

In the near future, mining on the Ethereum block chain network will continue despite the release of Eth2. As long as mining coexists on Ethereum, the increasing hash rate will remain a positive metric for ETH.
The hash rate of the Ethereum block chain network. Source: intotheblock

With the upgrade of the Eth2 network, Ethereum will switch from the Proof of Work (PoW) consensus algorithm to the Proof of Stake (PoS) algorithm, thereby eliminating mining. But in the foreseeable future the PoW chain will coexist with the beacon chain.

This is what Intotheblock’s analysts say:

„While the introduction of the Beacon Chain marks the beginning of the end for the #Ethereum miners, the hash rate of the network has remained close to its all-time highs. Even though the genesis of the Beacon Chain has been set in motion, Proof Of Work will continue to function in parallel“.

What happens next?

Analysts repeatedly stress the growing interest in various sub-sectors within the Ethereum ecosystem. The co-founder of Mythos Capital, Ryan Sean Adams, reports that 1% of the total ETh supply is now tied up in ETH bonds.

According to Adams, this shows that many people want to get in touch with the Ethereum economy, which is an indication that people see ETH as money. Adams:

„It is already 1% of the total ETH offer is included in ETH bonds. Not even a week after the launch. There is a clear demand for non-governmental Internet bonds. People want to expose themselves to the Ethereum economy. And these bonds are denominated in money. Because ETH is money.“

As trading activity increases, Eth2 provides additional scalability and the demand for ETH as money is growing noticeably, analysts say that Ethereum’s long-term growth path remains positive.

Why did a virtual F1 track section sell for $ 223,000?

This is a new record for a non-fungible token (NFT) from a blockchain game. A section of virtual F1 car race track was sold for a colossal sum. Why then did she reach this price?

Monaco F1 track offered as an NFT

As a reminder, NFTs are tokens at variable prices, which are used by blockchain games to exchange collectable items or key game elements. In the case of F1 Delta Time , NFTs are used in particular for purchase and sale. sale section s of a virtual racetrack .

And the least that can be said is that they are facing particularly high demand. The game announced a record-breaking sale early this morning:

„It’s official – Time Delta F1 Monaco Grand Prix 1A has a new acqu had r after winning a bid amounting to 9 million REVV. That’s over $ 223,000 at the time of the sale! “

Generate rewards in REVV

As we can imagine, owning this segment of the virtual F1 track in Monaco is not only used to collect part of a mythical place. The tracks of the F1 Delta Time game allow you to generate rewards . Their holders reap dividends on all activities that take place in the game.

To put it simply, they recover part of the entry fees for the races that take place there, as well as other rewards for “Elite” events. The latter ask the staker participants of REVV, the native cryptocurrency of the project, in order to participate. Depending on the level of “rarity” of the track segment, the owner can recover from 5 to 25% of the costs .

F1 Delta Time, the game of all records?

The F1 Delta Time game is used to the headlines. Its NFTs regularly make the headlines of the crypto media by fetching particularly high prices . In May, an unknown user bought a virtual race car for a sum exceeding 100,000 dollars .

The use of non-fungible tokens is in any case becoming more democratic. Several blockchain games are now bringing together users who are ready to fork out large sums of money in order to reap rewards later. This is the case, for example, of The Sandbox, whose investments in digital real estate have grown steadily. It is therefore a sector to watch closely.