Month: November 2020

Crypto funds over Bitcoin’s bull run: This rally is much more sustainable than 2017

According to Pantera Capital, one of the largest funds in the crypto space, the recent rally was fueled by the influx of retail investors buying Bitcoin. According to their forecasts, PayPal users alone could soon acquire more Bitcoin than is being mined.

Not only is retail investor interest in Bitcoin growing, but billionaires and celebrities are also becoming interested in the cryptocurrency.

Bitcoin rally is being driven by retail investors: Pantera Capital

Bitcoin has seen a strong rally in the past few weeks, bringing the coin up to nearly $ 19,000. BTC is currently trading at $ 18,640 as the bulls attempt to determine which direction the market will head next.

According to Pantera Capital, one of the largest funds in the crypto space, the recent rally was fueled by the influx of retail investors buying Bitcoin Evolution software. Dan Morehead, the company’s Co-CIO, on the subject:

“The Bitcoin community is proud to have grown to 100 million users in twelve years. PayPal has 300 million active users. As we have argued – and will argue in more detail in our December investor letter – this rally is much more sustainable than 2017. One of the main differences is the ease of investing in Bitcoin now – via PayPal, Cash App, Robinhood, etc. “

As he mentions in the commentary, the increase in bitcoin Buying Activity drives by users of PayPal, Cash app, Robin Hood and other venues likely the buying pressure to:

“When PayPal went live, the volume started to explode. The increase in itBit volume implies that PayPal is already buying almost 70% of the new Bitcoin offering within four weeks of its launch. PayPal and Cash App already buy more than 100% of all newly issued Bitcoins. “

Morehead explains how a simple extrapolation of the volume to itBit (the exchange through which PayPal buys BTC) suggests that PayPal will soon be more buying pressure than the number of coins minted daily.

Billionaires are also buying BTC

Not only is retail investor interest in Bitcoin growing, so is interest from billionaires and celebrities.

Mexican billionaire ($ 13 billion net worth) Ricardo Salinas Pliego recently revealed that he had 10% of his liquid investments in Bitcoin :

“Dan, I love your newsletter (which I subscribe to). Here are some clarifications to my contribution: 10% of the „liquid portfolio“ in BTC … not of my net worth! “

A few months earlier, Paul Tudor Jones, a billionaire and Wall Street money manager, had also announced his investment in BTC:

“One thing that got my interest in this list of assets, and that could one day be brought to the fore by the GMI, is Bitcoin. To be honest, I am neither a moneybag nor a crypto fanatic. I’m not a millennial investing in cryptocurrency, which is very popular with this generation, but a baby boomer who wants to take advantage of the opportunities that arise while protecting my capital in an ever-changing environment. One way to accomplish this is to make sure I invest in the instruments that will be the first to respond to the massive increase in global money. And since Bitcoin has had positive returns in recent periods, a deeper dive into this instrument was warranted. „

Il miliardario di Wall Street scommette su BTC

Bitcoin è meglio dell’oro! – Il miliardario di Wall Street scommette su BTC

Bitcoin e lingotti d’oro sono più simili del previsto. Potete usarli per proteggere i vostri risparmi dall’inflazione. Nella foto si possono vedere lingotti d’oro e monete Bitcoin.

Bitcoin è meglio dell’oro? – Chiunque sia stato attivo nello spazio criptato per molto tempo risponderà a questa domanda con un sì. Gli intenditori della moneta cripta conoscono i vantaggi del Bitcoin System rispetto all’oro e probabilmente hanno pochi dubbi sul fatto che la BTC domini il metallo prezioso in termini di portabilità o divisibilità. Se si guarda il prezzo Bitcoin, si scopre anche che la performance dell’oro è notevolmente inferiore a quella dell’oro digitale.

Ora un altro veterano di Wall Street, Stanley Druckenmiller, ha riconosciuto questa narrazione e scommette su Bitcoin. Vediamo cosa ha da dire il miliardario in dettaglio.

Stanley Druckenmiller: un altro miliardario compra Bitcoin

Dopo grandi come Paul Tudor Jones, il miliardario e veterano di Wall Street Stanley Druckenmiller ha ora rilasciato dichiarazioni pubbliche anche su Bitcoin.

Druckenmiller ha rivelato in un’intervista alla CNBC di aver investito anche in Bitcoin. Proprio come Tudor Jones, è incredibilmente ribassista sul dollaro USA e sta quindi costruendo una posizione lunga con BTC.

Questo fatto da solo, ovvero una dichiarazione pubblica in TV, è un altro grande riconoscimento per Bitcoin. Sempre più grandi nomi del mondo finanziario classico vedono nell’asset digitale un investimento necessario e una buona aggiunta al loro portafoglio.

Bitcoin è in forte aumento di prezzo e può registrare guadagni di prezzo. L’immagine mostra una curva dei prezzi e un piano di risparmio Bitcoins.Bitcoin impilato: Si pone sempre più spesso la domanda su una buona strategia d’investimento per BTC. Con l’aiuto dell’Effetto della media dei costi si riduce al minimo il rischio, si dorme meglio e si trae profitto in modo sostenibile dallo sviluppo a lungo termine di Bitcoin e Co – non potrebbe essere più facile! Come funziona un piano di risparmio Bitcoin.

Se la scommessa dell’oro funziona, anche BTC funziona

Come accennato nella sezione precedente, la base del nostro articolo è la recente intervista tra Stanley Druckenmiller e Kelly Evans della CNBC.

Nell’intervista, Druckenmiller ha detto che sta scommettendo che la valuta criptata Bitcoin continuerà ad aumentare di prezzo nel prossimo futuro. Allo stesso tempo, ha ammesso di non credere ancora al 100% in BTC come riserva di valore, ma capisce perfettamente perché questo attributo è attribuito a Bitcoin. Tuttavia, ha dovuto riconoscere che la moneta cripta è particolarmente popolare con i Milleniali – e sono la generazione del futuro.

Druckenmiller dice anche di avere oro nel suo portafoglio oltre al Bitcoin, e che il metallo prezioso è ben al di sopra della sua posizione BTC.

Ad essere onesti: se la scommessa sull’oro funziona, la scommessa sul Bitcoin probabilmente funzionerà ancora meglio.

Inoltre, il gestore dell’hedge fund ha detto che aveva bisogno di un po‘ di tempo per capire Bitcoin.

Sono un po‘ come un dinosauro, ma ho scongelato e ho capito che il Bitcoin può essere una classe di beni estremamente attraente come negozio di valore.

Bitcoin ce l’ha fatta? – Paul Tudor Jones

Il fatto che un vero veterano di Wall Street come Druckenmiller stia prendendo pubblicamente posizione su Bitcoin è una vera pietra miliare, secondo Paul Tudor Jones e Anthony Pompliano.

Il fatto che Druckenmiller sia un manager di hedge fund molto rispettato, che metta in corto il dollaro USA e si riferisca a pro-Bitcoin è enormemente rialzista.

Microsoft employee sentenced to 9 years in prison: first Bitcoin tax evasion case in the USA

A former Microsoft employee was sentenced to 9 years in prison. According to the US attorney’s office, this is the „first Bitcoin Circuit review case that includes a tax aspect“.

A former Microsoft developer has been sentenced to nine years in prison for stealing over $ 10 million in „Currency Valuations“ (CSV) digital assets, including gift cards, from his former employer

Volodimir Kvaschuk, a 26-year-old Ukrainian national residing in Washington, used his employees‘ accounts and identities to steal and then sell the CSV. He made it appear that the other employees were responsible for the fraud.

Kwaschuk also used a Bitcoin ( BTC ) mixer to cover his tracks. He notified the US tax authorities, the IRS, that the $ 2.8 million worth of crypto gifts that went through his accounts were sent by a relative. The U.S. Department of Justice said:

„In the seven months that KWASCHUK was pursuing its illegal activities, around 2.8 million US dollars in Bitcoin were transferred to its bank and investment accounts. KWASCHUK then filed fake tax returns, claiming that the Bitcoin was a gift from a relative been.“

Kwaschuk worked at Microsoft from August 2016 until he was fired in June 2018

According to IRS special envoy Ryan Korner, the ruling is „the first Bitcoin case in the country to include a tax aspect“. Korner said this conviction demonstrates the increasing sophistication of the agency’s law enforcement division in identifying unreported transactions in cryptocurrencies:

„Simply put, today’s conviction proves that you cannot steal money over the Internet. You needn’t think that Bitcoin will hide your criminal behavior.“

Brian Moran of the US Attorney’s Office commented: „Stealing from your employer is bad enough, but stealing and blaming your coworkers is even greater damage that cannot be quantified in dollars and cents.“

Kvashuk was found guilty on 18 counts, including six money laundering cases and two false tax declarations. The Ukrainian used the stolen money to buy a lake house worth $ 1.6 million and a Tesla worth $ 160,000.

Tax evasion charges have been very effective against numerous criminals throughout US history. Prohibition- era gang boss Al Capone served seven years in prison from 1931 after being found guilty of tax evasion.

Waarom handelaren zeggen dat $13.875 de volgende ‚logische‘ Bitcoin-prijsresistentie zal zijn

De Bitcoin-prijs beweegt zich in de richting van $14K, maar handelaren verwachten dat de $13.875 weerstand een kritisch niveau zal zijn voor de korte termijn.

De prijs van Bitcoin (BTC) heeft de $13.745 overschreden en is nu onderweg naar het volgende grote weerstandsniveau. Handelaren hebben gesuggereerd dat $13.875 het belangrijkste kortetermijngebied is voor BTC om twee belangrijke redenen.

Ten eerste bereikte Bitcoin Code een piek van $13.970 op 26 juni 2019. Technisch gezien dient de vorige piek, die meer dan een jaar geleden werd bereikt, nog steeds als een belangrijk gebied voor verkopers.

Ten tweede zeggen technische analisten dat de wekelijkse kaarsengrafiek van Bitcoin $13.875 laat zien als de volgende „logische weerstand“.

De belangrijkste factor zal zijn hoe de Bitcoin-prijs reageert op het tikken van het langverwachte weerstandsniveau en het zal waarschijnlijk zijn kortetermijnprestaties tot het einde van 2020 plaveien.

Moeten beleggers een grote terugtrekking verwachten in de buurt van het $14K niveau?

In de afgelopen dagen is de roep om een grote Bitcoin-pullback toegenomen omdat het marktsentiment euforisch werd.

Historisch gezien, zelfs te midden van sterke stiercycli, zag Bitcoin gezonde correcties die de opwaartse trend verder versterkten.

Edward Morra, een populaire cryptocurrency handelaar, zei dat hij een reactie van de markt verwacht op 13.875 dollar. De laatste keer dat BTC dat niveau 16 maanden geleden testte, zag het een enorme koersdaling in een korte periode.

Deze keer verwachten de handelaars geen diepe afwijzing, maar er wordt een sterke reactie verwacht van BTC en de markt in het algemeen. Morra zei:

„Op de hoge tijdsschema’s is dit wekelijkse level ~13.875$ de volgende logische weerstand. Het verwierp de 2019 rally vrij hard, de tweede test zal minder heftig zijn, maar ik denk dat er een reactie zal komen. Het nemen van dat ’19 hoog in het wekelijkse aanbod is een om op te letten.“

In de afgelopen week heeft Bitcoin vele belangrijke weerstandsniveaus in een korte tijdsspanne getest. Toch heeft het de niveaus met gemak doorbroken, het consolideren van boven elk niveau, en het demonstreren van een stabiele rally.

Voor kopers zou het ideale scenario voor Bitcoin zijn om boven de $13.875 uit te komen en daarboven stabiel te blijven. Een dergelijk patroon zou wijzen op een gezonde herwinning van een meerjarig weerstandsniveau, wat zeer optimistisch is.

Extra factoren achter het momentum van Bitcoin

Er zijn twee fundamentele en macrofactoren die het momentum van Bitcoin op korte termijn zouden kunnen katalyseren: de ontkoppeling en het sluimerende aanbod.

Zoals Bitcoin-investeerder James O’Beirne al aangaf, heeft BTC zich in oktober overtuigend ontkoppeld van de Amerikaanse beurs.

Door het gebrek aan stimulans, de onzekerheid rond de verkiezingen van 2020 en de sterke stijging van de COVID-19 gevallen, is de Amerikaanse aandelenmarkt gestaag gedaald. Tegelijkertijd heeft BTC zich sterk hersteld en is het sentiment rond het digitale activum aanzienlijk verbeterd.

Volgens CoinMetrics heeft de slapende levering van Bitcoin die minstens 1 jaar heeft geduurd, een recordhoogte bereikt. De onderzoekers zeiden:

„Het % van het BTC-aanbod dat minstens 1 jaar wordt aangehouden is nog nooit zo hoog geweest. Dit is bullish voor BTC, vooral gezien het feit dat deze metriek historisch gezien een hoogtepunt bereikte in periodes waarin de prijs op een lokaal dieptepunt lag“.

De samenloop van positieve fundamenten, macro- en technische factoren, samen met een optimistische technische structuur met een hoog tijdsbestek, verhogen de kans dat BTC 13.875 dollar test zonder een massale correctiebeweging.