MonatJanuar 2021

Novogratz zszokowany tym, „Jak wiele instytucji ustawia się teraz w kolejce po Bitcoina.“

W zeszły czwartek (7 grudnia) miliarder inwestor Mike Novogratz podzielił się swoimi najnowszymi przemyśleniami na temat Bitcoina podczas wywiadu z Joe Kernenem na temat „Squawk Box“ CNBC.

Były menedżer funduszu hedgingowego Novogratz jest założycielem i dyrektorem generalnym Galaxy Digital, „innowatora w dziedzinie usług finansowych i zarządzania inwestycjami w sektorze cyfrowych aktywów, kryptokurantów i technologii łańcuchów blokowych“.

Kiedy Kernen zapytał Novogratz, czy Bitcoin nadal będzie działał jako bezpieczna przystań w przypadku pęknięcia obecnej bańki spekulacyjnej, Novogratz odpowiedział:

„Jeśli bańka spekulacyjna pęknie, Bitcoin na jakiś czas zejdzie w dół. Istnieje po prostu zbyt duża korelacja między ludźmi o ryzykownych aktywach. Jeśli zarobiłeś tu tonę pieniędzy i tracisz tu tonę pieniędzy, to w pewnym momencie zabierzesz trochę zysków tam, gdzie zarobiłeś pieniądze. I tak, gdyby S&P spadło o 20% w ciągu najbliższych trzech dni, Bitcoin byłby niższy, a nie wyższy, ale trwa cykl adopcyjny, w którym instytucje chcą to kupić, ponieważ naprawdę trudno jest znaleźć wyjście dla banków centralnych i dla rządów.

„Naprawdę trudno jest znaleźć wyjście dla tego gigantycznego deficytu, który nadal rośnie, a rośnie on w coraz szybszym tempie. To dlatego tysiąclecia i Gen Z intuicyjnie kupują Bitcoin, bo wiedzą, że są trochę pokręceni. Bitcoin zjadł wszystkie swoje przyszłe lunche na wiele sposobów, budując te gigantyczne deficyty, więc myślę, że Bitcoin pozostanie skorelowany z ryzykiem aktywów na krótką metę, ale ta korelacja załamuje się w czasie i będzie nadal rosnąć, gdy coraz więcej ludzi będzie wkraczać do tej społeczności… To szokujące, ile instytucji ustawia się teraz w kolejce, by spróbować wprowadzić Bitcoin do swoich portfeli“.

8 grudnia Novogratz wyjaśnił w wywiadzie dla CNN Julii Chatterley, dlaczego uważa, że zainteresowanie instytucji Bitcoinem tylko wzrośnie i ile kryptońskiej ekspozycji powinni mieć nowi inwestorzy.

Chatterley po raz pierwszy zapytał Novogratza, dlaczego Bitcoin przeszedł od „inwestycji przygranicznych“ do makro aktywów w ciągu ostatnich kilku lat.

Novogratz odpowiedział:

„Wszyscy patrzą teraz na Bitcoin jako formę cyfrowego złota, albo jako zabezpieczenie przed osłabieniem waluty fiata. Instytucjonalizacja dobrego nadzoru, zapewnienie ludziom poczucia bezpieczeństwa, że to rozumieją, że to jest bezpieczne, miała miejsce w ciągu ostatnich kilku lat, a teraz nadeszła, i nie widzieliśmy nic poza tym, że coraz więcej kont próbuje się zaangażować.

„Każda kryptoflowa firma, taka jak moja, działa w zawrotnym tempie, bo tylko na pokładzie wszystkich nowych kont, od wysokiej wartości netto do instytucji, do funduszy emerytalnych do wkładów kapitałowych.“

Mówił też o tym, jak widzi, że kryptoflora idzie do głównego nurtu:

„Ludzie będą trzymać swoją wartość, swoje dolary, swoje Bitcoin, swoje bilety na filmy w telefonach, i wiesz, banki będą musiały spieszyć się w tę przestrzeń, i zaczynasz to widzieć. PayPal był w tym roku ogromnym wydarzeniem… zobaczysz każdą instytucję finansową, która zostanie zmuszona do wejścia w to miejsce.“

Dla ludzi, którzy nigdy wcześniej nie inwestowali w krypto, Novogratz zwykł mówić im, aby umieścić 1-2% ich wartości netto do Bitcoin, ale mówi, że teraz zmienił swoją melodię na to trochę, a teraz czuje się komfortowo doradzając nowym inwestorom umieścić 5% ich wartości netto do Bitcoin od Bitcoin „nie wraca do zera“ – nawet jeśli może spaść do tak niskich jak 13 dolarów, 000 – ponieważ jest „za dużo infrastruktury“ i „za dużo społeczności, która wierzy w to jako magazyn wartości“, dlatego uważa, że Bitcoin będzie miał mniejszą zmienność w przyszłości.

Kiedy Chatterly zapytał Novogratza, ile jego osobista wartość netto została zainwestowana w Bitcoina, odpowiedział:

„Jako część mojej wartości netto, całkowita wartość kryptociągu wynosi prawdopodobnie 50%.“

Advertisement

Bitcoin already overtakes 23 countries in 2020 alone

BTC & M1 money supply arms race: Bitcoin already overtakes 23 countries in 2020 alone

The year 2020 will go down in history for a number of reasons. While the pandemic took centre stage, the emergence of Bitcoin, stimulus money and the unprecedented printing of fiat money were economically crucial issues.

The inflating effect of national currencies being printed to offset the impact of the pandemic led to an exponential expansion of the Bitcoin Code global M1 money supply. Despite this, Bitcoin’s rank in the overall M1 money supply has risen significantly – from 34th to 13th behind Taiwan, Switzerland and Canada.

But why is this figure so important for the future of the very first cryptocurrency?

Bitcoin’s unprecedented rise

Out of the destruction of past pandemics and economic collapses have come some of the greatest changes known to mankind. Often, these major life events bring about the emergence of technologies that change the world forever.

The same could happen in 2020: The world seems to have woken up to the fact that governments are mishandling monetary policy – while also realising that Bitcoin is the hardest form of money yet.

Each new round of stimulus money has sent the M1 money supply soaring around the world. In the US alone, the M1 money supply has increased from 4 trillion to nearly 7 trillion in 2020.

The M1 money supply reflects all currencies and coins in circulation as well as all overnight deposits. The US tops the list as its dollar remains the global reserve currency, but the fact that Bitcoin jumped a total of 21 ranks in 2020 alone – even as other countries also print money – shows that the cryptocurrency will soon be hot on the heels of the greenback.

eToro increases minimum deposit required after demand surges

eToro has temporarily increased the minimum deposit amount for new users to $ 1,000.

This follows the new all-time high in new registrations and deposits, as trading activity is booming.

Several exchanges suffered from outages following the new highs reached by Bitcoin.

eToro has temporarily increased the minimum deposit amount for new users to $ 1,000.

The eToro cryptocurrency exchange increased its deposit amount for new users from $ 200 to $ 1,000. The platform has faced an unprecedented increase in demand for its trading services following the historic rally in Bitcoin .

On Twitter , eToro announced measures to protect its current 17 million users. It seemed necessary indeed: 40,000 new users signed up in a single day at the start of the year.

A generalized increase

This boom at eToro happened on December 16, when Bitcoin’s price broke the key psychological level of $ 20,000. This rally was accompanied by a sharp increase in activity and transaction volumes. The data Google Trends also show that the volume of research about the BTC is at its highest level since its previous high of $ 20,000 in December 2017.

Additionally, mainstream media such as the BBC and CNN have this time started to cover Bitcoin on the front page. eToro claims that the recent surge in demand has been driven primarily by offers from retail traders.

Additional fees following the Bitcoin rally

Some crypto exchanges now require their new users to have a minimum deposit to cover the costs of creating accounts. However, when cryptocurrency first appeared, exchange platforms did not apply this measure. Traders thus associated these fees with traditional exchanges.

The cryptocurrency exchange Bitfinex , however, took similar steps in 2018, establishing a minimum deposit of $ 10,000. Indeed, the exchange faced strong demand during the Bitcoin rally of 2017-2018.

A similar move to Bitfinex could have favored some exchanges this year and into 2020. Binance’s servers were blocked when Bitcoin surpassed $ 20,000, with the platform enduring nearly two hours of downtime before trading resumed. .

Coinbase has also faced this problem. The platform has since been in the throes of crashes, and some traders criticize the exchange on social media for these technical issues.

eToro has stated that its educational resources, including its demo-trading accounts, are not affected by the new minimum deposit amount. This change will last until demand drops or the platform increases capacity.

This shows that the cryptocurrency industry can still be surprised by the growing level of interest. The rise in institutional interest is steadily increasing. The industry must now prepare for a wave of new investors.

The big bang – Bitcoin climbs above $ 30,000 for the first time

The market-leading cryptocurrency heralds the new year by jumping over another major hurdle.

Bitcoin ( BTC ) starts the new year with a big bang, because on January 2nd, the market-leading crypto currency was able to crack the next psychologically important hurdle.

With a swing into the new year

As the data from Cointelegraph Markets , Coin360 and TradingView show, Bitcoin has now climbed above the 30,000 US dollar mark.

After a new record high of 29,700 US dollars was initially recorded that night, Bitcoin did not let up, whereupon, after several attempts, the next big hurdle was finally jumped.

The area below the 30,000 US dollar mark had recently shown itself to be fierce resistance, as the market-leading crypto currency has repeatedly faced strong selling pressure here in the past few days. A similar scenario had already played out a few weeks ago at the US $ 20,000 mark.

„If you’re waiting for an entry point to hold Bitcoin long-term, don’t be stingy now. A few thousand dollars more or less after not going to hurt you if it comes up in a year up to 100,000, 200,000 or $ 300,000, „as Willy Woo the current situation summarizing . To this end, he adds:

„The big flight is finally here, the inflow of capital is crazy.“

Altcoins neither fish nor meat

The big altcoins, meanwhile, give a very mixed picture, with Ether ( ETH ) not being dragged along by Bitcoin, but remaining just below 740 US dollars.

For Polkadot ( DOT ) it even went down 6.3%, which only slightly clouded the strong weekly gain of 60%.

The price movements of XRP , on the other hand, are surprisingly strong, because despite the SEC lawsuit against the XRP publisher Ripple, the cryptocurrency can hold itself at 0.23 US dollars after a 7% gain on Friday.

Bitcoin, cryptocurrencies and tokens: a taxonomy of the new economy

You do not mix apples and towel s – There are 2 years of this , I proposed to you my attempt to develop a typology of tokens to better define and understand the digital assets. Since then, water has flowed under the bridges. Shitcoins have collapsed, exchanges have been hacked and others have taken their respective places within the crypto ecosystem. As the crypto-asset market has changed significantly, I am offering you a new classification of digital assets.

Le Token Classification Framework

Since the emergence of Crypto Nation Pro and the crypto-assets that followed, the term most used to designate them remains “cryptocurrencies” . Among them, bitcoin is the asset that has received the most attention.

Cryptocurrencies, crypto-assets, tokens or securities?

Bitcoin is strictly speaking a cryptocurrency , but not all digital assets fall into this category. The majority includes tokens . Semantically speaking, the most appropriate term to define this new class of assets would be that of “crypto-assets” – or crypto-assets . This pitfall is quite common in innovative fields. However, the lack of terminology and clear definitions makes it difficult to speak with nuances and carry out relevant analyzes. To understand and explain all the nuances of this ecosystem, we must therefore analyze it, then classify it.

The same properties and use cases are found in many assets of the crypto ecosystem. These similarities were used to establish a classification of digital assets. However, no typology has yet been adopted and used by all players in the crypto ecosystem . Financial regulators, institutional actors, traders and researchers each have a different perspective on the issue.

The classification of digital assets only caught the authors‘ attention after the wave of ICOs of 2017. Since then, several works of classification of digital assets have been undertaken and, in my opinion, the most successful is the classification system. token (Token Framework Classification) of Thomas Euler .

A model adapted to a protean active class

This multidimensional model forms a decision tree for mapping digital assets according to their characteristics. The first step in this classification was to establish five dimensions for tokens: purpose, utility, legal status, underlying value and technical layer .

Then, in each of these dimensions, a given asset can correspond to one of the 3 sub-dimensions. However, some assets, due to their unique characteristics, may correspond to several sub-dimensions. This is the beauty of cryptophère: assets with unique characteristics offering innovative use cases . Note that some assets may also not have one of the dimensions of the model!

© 2021 Apache Micro

Theme von Anders NorénNach oben ↑