2. Januar 2021 / admin / 0 Comments
Som omfattas av detta utlopp har de senaste månaderna sett framstående institutionella investerare avsätta kapital till kryptovalutor för att säkra sina portföljer mot den nuvarande makroekonomiska inflationen. Vidare tror många att Bitcoin kommer att spela en allt viktigare roll i ekonomin.
Till exempel skrev Paul Tudor Jones i ett investerarbrev tidigare i år att han tror att Bitcoin Trader kommer att vara den „snabbaste hästen i loppet“ på grund av den stora monetära inflationen:
„Vi bevittnar den stora monetära inflationen – en oöverträffad expansion av alla former av pengar, till skillnad från allt som den utvecklade världen någonsin har sett.“
Andra investerare på Wall Street har delat liknande åsikter
Dessa uttalanden har fått företag att se till att säkra sina investeringsportföljer och statsobligationer med Bitcoin.
Detta började tidigare i år med MicroStrategy, som köpte BTC i augusti med 250 miljoner dollar i företagspengar eftersom det såg den ledande kryptovalutan som en säkring mot inflationstrender. Företaget fortsatte att fördubblas på BTC under månaderna efter det och är nu upp med över 100 procent på sitt ursprungliga köp.
Detta drag har drivit andra offentliga företag att investera i Bitcoin med företagspengar för att säkra mot devalveringen av den amerikanska dollarn.
Andra företag följer MicroStrategys djärva Bitcoin-drag
Enligt Twitter-kontot „Deltaone“, som publicerar intressanta Bloomberg-rubriker i sitt Twitter-flöde, kommer NexTech att köpa 2 miljoner dollar i BTC med egna pengar.
NexTech är ett börsnoterat företag i Kanada och är baserat i Vancouver. Det är en „ledande leverantör av teknik och tjänster för upplevelse av virtuell och förstärkt verklighet (AR) för e-handel, utbildning, konferenser och evenemang.“
På investeringar, vd för företaget skrev :
”Vår investering i Bitcoin är en del av vår nya kapitaldiversifierings- och allokeringsstrategi med avsikt att maximera långsiktigt värde för våra aktieägare. Denna initiala investering återspeglar vår övertygelse om att Bitcoin är en långsiktig värdebutik och en attraktiv investeringstillgång med mer långsiktig förstärkningspotential än att hålla kontanter, som för närvarande ger 0,06%. ”
Verkställande direktören, Evan Gappelberg, tillade att han tror att Bitcoin kommer att få dragkraft mot guld de närmaste åren.
Detta tillkännagivande kommer bara en dag efter att Nasdaq-noterade Greenpro Capital Corporation meddelade ett liknande drag. Greenpro försöker samla upp till 100 miljoner dollar 2021 för att köpa BTC med.
Det är bara vettigt?
Det har hävdats att företag som köper Bitcoin gör deras respektive aktier mer attraktiva att hålla.
Det framstående aktieforskningsföretaget Citron Fund skrev i en novemberrapport att MicroStrategys MSTR-aktier är attraktiva och är det ledande sättet att investera i BTC via aktiemarknaden.
”När investerare kämpar för att leta efter sätt att kapitalisera på bitcoin på aktiemarknaden, leta inte längre än MSTR. Till dessa priser idag får investerare det bästa inom mjukvaruaffärer med rabatt och ett kostnadsfritt köpoption på att äga en växande skattkista av bitcoins. ”
14. Dezember 2020 / admin / 0 Comments
Self-determination – Crypto artwork in Los Angeles „opens doors“ for children
Former MLB player Micah Johnson collects donations for children with his crypto artwork.
An interactive crypto artwork by former professional athlete Micah Johnson, who was under contract with the Tampa Bay Rays in the American baseball league MLB, will be displayed on a large scoreboard in Los Angeles.
The crypto artwork is entitled „ˈsä-v(ə-)rən-tē“, which is phonetic transcription of the English word „sovereignty“ and in this context means „self-determination“. It depicts two African-American children facing an astronaut who personifies their hopes and career aspirations.
However, there is a closed door between them, which opens a little wider each year on the children’s birthdays, while the children, as it were, move closer and closer to the door. However, the Profit Revolution progress of this rapprochement depends on the amount of Bitcoin (BTC) donated by the owners of an associated crypto-token. This so-called non-fungible token also reproduces the work of art, so that its owner has a share of the crypto art.
The collected donations are in turn stored in a hardware wallet and passed on to the two children on their 18th birthday
The billboard on which the digital image is displayed is located on one side of the Courtyard Marriot Hotel on West Olympic Boulevard in Los Angeles. The exhibition runs from December 7 to January 10, 2021.
Jacquelin Napal, the operator of the exhibiting art gallery, explains that the public presentation is intended to preserve the population’s access to art in times of the Corona crisis:
„Everyone should have the opportunity to experience art and culture. We hope that with an inspiring work of art such as ˈsä-v(ə-)rən-tē we can give people some distraction in these difficult times“.
Last month, the art value was sold for more than $120,000 on the block chain platform Async Art. The amount raised is a new record for an NFT artwork.
In addition, just this week the crypto artwork won the prize for the best NFT of 2020 at the „NFT Awards“.
13. Dezember 2020 / admin / 0 Comments
Die Senior Convertible Notes-Angebote von MicroStrategy kommen als kurz- bis mittelfristiges Investitionsangebot daher, da die Fälligkeit der Anleihen für den 15. Dezember 2025 geplant ist, wobei die erste Auszahlung für den 15. Juni 2021 in Rechnung gestellt wird.
Der Vorstoß des Business-Intelligence- und Mobile-Software-Entwicklungsunternehmens MicroStrategy Incorporated (NASDAQ: MSTR), seine Bitcoin (BTC)-Reserven durch die Emission seiner Senior Convertible Notes zu stärken, hat einen noch größeren Schub bekommen. Laut einem Bericht von Coindesk haben die MicroStrategy Senior Convertible Notes-Angebote, die etwa 550 Millionen Dollar durch Investoren, die die Anleihen gekauft haben, angezogen haben, auch einen zusätzlichen Kauf von 100 Millionen Dollar gesehen.
Der neue Kauf, wie berichtet, setzt nun den Gesamtbetrag der Finanzierung durch die MicroStrategy emittiert Angebote zu $650 Millionen weiter verstärken die Menge an Kapital zur Verfügung, um das Unternehmen zu erhöhen Ihre aktuellen Bitcoin-Beteiligungen.
Laut einem früheren Bericht von Coinspeaker plante MicroStrategy ursprünglich, 400 Millionen Dollar an Convertible Senior Notes auszugeben. Am Mittwoch hat das Unternehmen jedoch die Latte höher gelegt. Es suchte nun ein Ziel zu verkaufen $550 Millionen der Schuldtitel in einem privaten Angebot an qualifizierte institutionelle Käufer in Vertrauen auf Rule 144A unter dem Securities Act von 1933, wie geändert (die „Securities Act“).
Das Interesse an den Angeboten des Unternehmens übertraf tatsächlich die Erwartungen, da die anfänglichen 400 Millionen Dollar aus dem Angebot der Wandelschuldverschreibungen übertroffen wurden und die Investoren die volle Option ausübten, die Käufe um die zusätzlichen 100 Millionen Dollar zu erhöhen, die das Unternehmen nach eigenen Angaben nun in Bitcoin investieren wird.
MicroStrategy Bitcoin Senior Notes Offerings und die öffentliche Wahrnehmung
Die vorrangigen Wandelschuldverschreibungen von MicroStrategy sind als kurz- bis mittelfristiges Investitionsangebot zu sehen, da die Fälligkeit der Schuldverschreibungen für den 15. Dezember 2025 vorgesehen ist, wobei die erste Auszahlung für den 15. Juni 2021 geplant ist.
Der anfängliche Umtauschkurs für die Anleihe wurde auf 2,5126 MicroStrategy-Stammaktien der Klasse A pro 1.000 US-Dollar Nennwert der Anleihe festgesetzt. Dies entspricht einem anfänglichen Wandlungspreis von 397,99 US-Dollar pro Aktie. Mit dem neuen Aufschwung des Angebots kann diese anfängliche Regelung eine leichte Änderung erfahren, abhängig vom aktuellen Wert der Aktien des Unternehmens.
Heute ist die gesamte Bitcoin-Reserve, die von der Virginia-basierten Firma gehalten wird, 40.824 BTC. Dies wurde vom Chief Executive Officer des Unternehmens, Michael Saylor, nach dem jüngsten Kauf von 2.574 BTC zu einem Preis von ca. 19.427 $ pro Stück für 50 Millionen $ enthüllt.
Während viele das Potenzial von MicroStrategy sehen, ist der Analyst Tyler Radke von der Citibank anderer Meinung und begründet dies mit dem unverhältnismäßigen Fokus des Unternehmens auf Bitcoin. Der Analyst stufte daher die Aktie des Unternehmens von „Neutral“ auf „Sell“ herab und schickte die Aktien auf Talfahrt. Die Aktien sind immer noch in der Folge der Herabstufung taumeln, wie es den Handel am Freitag mit einem 1.52% Dip auf $285.92 geschlossen.
1. Dezember 2020 / admin / 0 Comments
The amount is small in relation to the rest of the world, but it is a clear indicator that bitcoin has arrived in the country suffering from inflation.
Bitcoin arrived in Ethiopia, a very poor and divided African country that prides itself on never having been colonized. Ethiopia is the oldest independent country in Africa and the second largest in terms of population.
Ethiopia is one of the poorest countries in the world, with about 44% of its population living in poverty. The causes of poverty in the country include a variety of actions resulting from natural disasters and human actions. However, the main causes of poverty in Ethiopia are caused by the effects of its economy which revolves around agriculture.
They barely knew the bitcoin last year, but this year the volumes of digital currency increased according to Paxful.
The amount is small in relation to the rest of the world, but it is a clear indicator that bitcoin has arrived in the country suffering from inflation.
Interest rates are 7%, so banks are not having enough money for 20% inflation. However, it seems that the central bank may be printing a lot, something that could affect its exchange rate, making imports expensive and therefore high prices.
Part of that printed money is probably going to war with Tigray, a province in Ethiopia. The conflict arose after the government postponed the elections because of ambition, but Tigray kept them in its region anyway.
That’s the story spread. The real story is that Ethiopia is probably running to become a regional power. So it is putting order at home, a difficult task due to the fact that the country has about 100 ethnicities and languages, being composed of Christian and Muslim.
The country is well located geographically to assume some regional responsibility. Economically, however, Ethiopia is a country below European standards, with a GDP of only $90 billion for its 100 million inhabitants.
As everywhere, Ethiopia’s GDP is not well distributed, with some citizens being quite educated and refined. The already known social inequality.
They have discovered bitcoin now, well after the Nigerians who have been exploiting digital gold since 2017, and a little after the South Africans.
Ethiopia seems to have ambitions that can determine a little about what’s going on in that region.
Article originally published in TrustNodes and kindly allowed to be republished in Livecoins.
13. November 2020 / admin / 0 Comments
Quasi 1 miliardo di dollari in fondi criptati che hanno legami con la rete oscura della Via della Seta sono stati trasferiti ad altri indirizzi di portafoglio.
Gli Scuotitori dietro la Via della Seta
Come tutti ricordiamo, Silk Road era un oscuro mercato online presumibilmente fondato da Ross Ulbricht, che sta attualmente scontando l’ergastolo per il suo ruolo nella creazione della piattaforma. Il sito era a disposizione di chiunque volesse acquistare droga, armi o altro materiale di contrabbando con bitcoin. Il governo ha chiuso la società circa sette anni fa.
Ma se le cose stanno così, come mai ora vengono spostati così tanti soldi legati al sito web? Non è chiaro chi c’è dietro e dove vanno a finire i soldi. I trasferimenti sono stati segnalati per la prima volta dalle società di tracking a catena di blocco Elliptic e Cipher Trace, che affermano che finora sono già state spostate quasi 70.000 unità bitcoin separate.
Finora si ritiene che i fondi siano stati trasferiti o dalle forze dell’ordine o da criminali che hanno avuto accesso ai fondi e stanno cercando di mantenerli al sicuro, anche se gli analisti non ne sono del tutto sicuri al momento della stesura della presente relazione.
Il dottor Tom Robinson, che è il fondatore di Elliptic, afferma che il conto che detiene il denaro è rimasto finora inattivo negli ultimi cinque anni. L’ultima volta che qualcuno ha visto un’azione con questo conto è stato quando gran parte del bitcoin sequestrato a Ross Ulbricht e l’operazione è stata venduta all’asta.
Egli ha dichiarato:
Le analisi della Blockchain mostrano che questi fondi hanno avuto origine da un portafoglio collegato alla Via della Seta nel 2012… Il movimento di questi bitcoin… può rappresentare Ulbricht o un venditore della Via della Seta che sposta i loro fondi. Tuttavia, sembra improbabile che Ulbricht sia in grado di effettuare una transazione di bitcoin dal carcere.
Cipher Trace ha offerto un sentimento simile. La società menziona:
Si ipotizza che il portafoglio possa essere stato rotto da hacker. Questi movimenti potrebbero significare che il proprietario del portafoglio sta spostando i fondi verso nuovi indirizzi per impedire agli hacker di accedere al file wallet.dat, o che gli hacker hanno già crackato il file.
A quanto pare, gli hacker stanno cercando di accedere a questo portafoglio da settembre. Il prezzo del bitcoin è aumentato in questi ultimi mesi e attualmente viene venduto a poco meno di 14.000 dollari, il più alto da circa un anno a questa parte. Naturalmente, ci sono dei cyber ladri là fuori che stanno cercando di incassare sul bene.
È il momento di farlo?
Il professor Alan Woodward – informatico della Surrey University – commenta:
È stato seduto lì per così tanto tempo che se i criminali dovessero mai incassare, tanto vale che ci provino ora. Sanno benissimo che è sorvegliato, ma sanno anche che viviamo in tempi turbolenti, dove le autorità hanno le mani occupate con i grandi eventi mondiali. Forse sperano di poter sfuggire ai radar.
10. November 2020 / admin / 0 Comments
Ethereum net gepost een sterke wekelijkse sluiten als analisten Eye Upside
Ethereum heeft zich de afgelopen dagen samen met Bitcoin geconsolideerd, met stieren en beren die momenteel opgesloten zitten in een verhitte strijd omdat de prijs rond de 450 dollar ligt.
Waar de volgende markttrends zullen met Bitcoin Code afhangen van het feit of Bitcoin zich kan stabiliseren of hoger kan komen te liggen.
De wereldwijde beursvolatiliteit als gevolg van het vaccinnieuws kan ook een rol spelen in de koersactie van BTC in de komende week.
Omdat ETH een hoger bèta-spel is, is er een grote kans dat het beter zal presteren dan BTC bij een opleving en minder goed zal presteren bij een neergang.
Een analist wijst op een paar immense tekenen van kracht dat het ethereum de laatste tijd knippert, waarbij hij opmerkt dat het misschien de bodem bereikt tegen Bitcoin.
Ethereum heeft de afgelopen weken moeite gehad om de winst van Bitcoin te evenaren. Deze trend is begonnen met een verschuiving, met zijn recente rally van een dieptepunt van $380 naar een hoogtepunt van $460, wat de technische vooruitzichten aanzienlijk versterkt.
Toch heeft de cryptografie nog een weg te gaan voordat het de winst van Bitcoin in de afgelopen maand of zo kan evenaren.
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Een handelaar merkt nu op dat hij sterke aanwijzingen ziet dat Ethereum de bodem bereikt tegen zijn Bitcoin-handelspaar.
Ethereum consolideert naast Bitcoin
Op het moment van schrijven, handelt Ethereum iets minder dan 2% tegen de huidige prijs van $446. Dit is rond de prijs waartegen het de afgelopen dagen heeft gehandeld, met kopers die niet in staat zijn om de $450 weerstand stevig te verbrijzelen.
Dit niveau blijft van vitaal belang voor de cryptocurrency, en het omdraaien van deze resistentie in stevige steun zou alles kunnen zijn wat het nodig heeft om nog een been hoger te zien tot $500+.
Of het boven dit niveau kan breken zal waarschijnlijk vooral afhangen van Bitcoin en de rest van de crypto-markt.
ETH/BTC-posities Sterk wekelijks sluiten, maar zwakheid blijft bestaan
Terwijl hij zijn gedachten deelde over waar Ethereum op korte termijn zou kunnen evolueren, legde een analist uit dat, hoewel het een sterke wekelijkse close tegen zijn Bitcoin-handelspaar plaatste, er nog steeds tekenen van zwakte zijn.
Hij beweert dat het bottomingproces nog maar net begonnen is, en dat er nog werk aan de winkel is voordat het volledig bottumt.
„Sterke wekelijkse close voor ETH BTC. Ik denk dat het bodemproces nu is begonnen. De dagelijkse trend is nog steeds erg bearish en het zal waarschijnlijk enige tijd duren om een bereik vast te stellen en een reset uit te voeren voordat er een verdere opleving kan komen. Het vasthouden van .0285 zou een goed begin zijn.“
De komende dagen zou inzicht moeten geven in de vooruitzichten van Ethereum ten opzichte van Bitcoin, omdat de kans groot is dat de marktvolatiliteit toeneemt.
29. Oktober 2020 / admin / 0 Comments
JPM Coin, a crypto with a future – After comparing gold to Bitcoin, JP Morgan is talking about her again. The American firm has indeed praised the effectiveness of JPM Coin, already used by large companies. This announcement represents yet another positive signal for the entire blockchain industry.
JPM Coin, the private stablecoin
JPM Coin is a stablecoin , the value of which is modeled on the US dollar. This technology has been tested since February 2019 and will aim to make instant payments through the sacrosanct blockchain ( private , don’t worry).
JP Morgan is one of the biggest players in the industry. It effectively moves over $ 6 trillion a day across 100 countries. The current monetary network is based on several channels , including SWIFT and SEPA in Europe.
On its website, JO Morgan claims ease of use for its new Bitcoin Lifestyle:
A JPM client makes a dollar deposit into his account and converts this money into a token;
These tokens can easily be transferred, through the blockchain, and as part of a corporate action, for example;
The recipient receives the sum in JPM Coin and, in turn, converts the digital currency into dollars.
Onyx, the emergence of a new actor.
To carry out this project, JP Morgan will be helped by Onyx , a new branch of its group which will arbitrate and manage the blockchain on which the JPM Coin will be based
According to Umar Farooq, CEO of Onyx, banks could charge a few cents to confirm the data of each transaction. This would save money, correcting errors, and creating a model for making money by participating in the network.
Takis Georgakopoulos, Head of International Operations at Onyx, says JPM Coin is already used by „a large international and technology company“ , without specifying its name. In addition, other customers are said to be already adopting the technology.
26. Oktober 2020 / admin / 0 Comments
Zawieszone wypłaty na dużej giełdzie, założyciel podobno zabrany przez policję, ale wszystkie fundusze są bezpieczne – wszystko w ciągu 24 godzin. Oto, co musisz wiedzieć.
- Dramat wokół OKEx rozpoczął się w piątek, kiedy pojawiła się wiadomość, że popularna giełda zawiesiła wszystkie wypłaty z platformy.
- Prawie natychmiast rynek krypto walutowy zareagował spadkiem cen. Bitcoin stracił około 350 dolarów w ciągu kilku godzin.
- Wkrótce potem pojawiły się doniesienia, że współzałożyciel OKEx Xu Mingxing został przejęty przez policjantów ponad tydzień temu i nie wrócił jeszcze do pracy.
- CryptoPotato zwrócił się do OKEx z prośbą o komentarz, a rzeczniczka firmy stwierdziła, że Mingxing nie jest już powiązany z giełdą. W związku z tym nie mogli skomentować żadnego domniemanego rozwoju sytuacji.
- Dyrektor generalny OKEx Jay Hao zapewnił użytkowników, że wszystkie fundusze na giełdzie są bezpieczne. Ponadto, Hao zauważył, że wszystkie inne działania oprócz wycofywania środków są nadal prowadzone. Obejmowały one handel, instrumenty pochodne, stawianie i depozyty.
- Zasób monitorowania kryptograficznej waluty Whale Alert znalazł kilka transakcji śledzących setki milionów dolarów w BTC rzekomo przeniesionych z OKEx do Binance.
- Jednakże, OKEx opublikował kolejną aktualizację kilka godzin temu, obalającą te roszczenia. Czytamy w niej, że zespół ds. portfela firmy „potwierdził, że adresy początkowe portfeli w wymienionych transakcjach nie należą do OKEx“.
- Główny ekonomista firmy Chainalysis, zajmującej się analizą łańcuchów blokowych, potwierdził oświadczenie OKEx. Zadzwonił do Whale Alert twierdzi „błędnie oznakowany“, ponieważ nie były to przelewy z OKEx do Binance.
- W swoim ostatnim oświadczeniu, OKEx przeprosił za wszelkie niedogodności dla swoich użytkowników i powiedział, że „wznowimy cyfrowe wycofywanie aktywów, jak tylko ustalimy, że wszystkie wymogi bezpieczeństwa zostały spełnione“.
13. Oktober 2020 / admin / 0 Comments
Global Finance magazine highlighted Roberto Campos Neto’s performance as one of the best Central Bank presidents in the world
President of the Brazilian Central Bank is elected one of the best in the worldNOTÍCIAS
The president of the Central Bank, Roberto Campos Neto, was elected one of the best Central Bank presidents in the world.
Campos Neto was rated „A“ for his performance in the criteria related to the performance of central bankers evaluated by Global Finance magazine.
Criptomoedas represent cheap, fast, secure and transparent Bitcoin Pro payments,‘ says president of the Central Bank of Brazil
The awards ceremony will not be held this year due to the pandemic.
„I would like to say that this note A is for the Central Bank’s servers, who make very valuable deliveries to Brazilian society. I have learned a lot from everyone and am increasingly impressed with the standard of excellence of the Central Bank. In addition, the award is a consequence of work begun in the previous administrations of the Central Bank presidents,“ reported Campos Neto.
Global Finance magazine publishes „The Central Banker Report Cards“ annually, a ranking of central bank leaders from over 90 countries with grades ranging from A to F.
„Even in good times, central bankers face a number of challenges. Today, with a global health crisis around the world, they are squeezed between political and practical realities like never before,“ said Global Finance’s editorial director Joseph Giarraputo.
The other central bank presidents who received the top „A“ rating this year were those from Australia, Bulgaria, Chile, Kuwait, Malaysia, Morocco, Peru, South Korea and Taiwan.
Innovation
Campo Neto has been known as the president of the BC who „embraced“ innovation.
President of the Central Bank of Brazil speaks about the ‚end of money‘ in presentation to Goldman Sachs
Even before taking office as President of the BC, Campo Neto, in a Senate hearing already advocated innovation in the institution with digital payments and blockchain.
At that time, Campos Neto advocated that Blockchain, Artificial Intelligence (AI), digital identity, instant payments, open banking, among other innovations, would completely change business models and financial services.
And the line of innovation was the main adopted by the presenter with the prioritization of the BC# agenda that involved the accelerated development of PIX and Open banking.
Central Bank warns banks not enough money to send to all institutions
In addition to other innovations, Campos Neto has also been guiding the creation of a Central Bank Digital Currency, CBDC, for Brazil.
According to him, by 2022 Brazil will have a digital version of the Real that should be used mainly in foreign exchange operations and for tourism, both for foreigners to Brazil and for Brazilians abroad.
12. Oktober 2020 / admin / 0 Comments
The increased hold indicates that Bitcoin investors are betting on another climb after the halving in 2021.
New data shows that Crypto Wealth is holding more during the current uptrend than in previous uptrends.
According to the blockchain analyst Willy Woo, the metric called “reflexivity” has risen steadily over the past few months. The metric measures how much Bitcoin investors tend to hold onto their money when prices rise. In principle, it is therefore an alternative measure to express the holding or „HODLn“ of the investors.
The next halving run could be the strongest
There could be several reasons why investors are holding more now than they have in the past.
One of these reasons is that a possible upswing in the coming year could be the long-awaited climbing party after the Bitcoin halving this year. Historically, Bitcoin has climbed to a new record high 12 to 15 months after a halving. Following this logic, many investors could count on the market-leading cryptocurrency to soar again, which is why they prefer to stop now in order not to have to get back in when it is too late or too expensive.
In addition, Bitcoin has proven to be very resilient this year, even after the crash caused by Corona in March, it was able to climb above the 10,000 US dollar mark and consolidate here.
The latest bad news for Bitcoin came when the American supervisory authority for derivatives trading brought charges against the influential crypto exchange BitMEX, but the market-leading cryptocurrency was able to recover from this as well.
The Bitcoin rate had slipped to 10,500 US dollars after the report by the CFTC, but was then quickly able to heave back over the support at 10,700 US dollars.
According to Willy, the interplay of two factors could be responsible, he explains:
“The reflexivity is the tendency of investors to hold the more, the higher the price goes. I expected reflexivity to increase in an uptrend, but after the last two halvings it has remained the same. The current cycle is out of line because this time the reflexivity increases instead of staying the same. As a result, we need more capital that is invested in order to achieve the same percentage price increase, but at the same time the increased holding has a multiplying effect on the value per invested dollar. “
Many experts also suspect that the American presidential election could have a positive impact on Bitcoin, which, in connection with the increased holding, would give the crypto currency an even greater boost.
The crypto industry expects the result of the presidential election to be beneficial for Bitcoin.
Sun Zhu, CEO of Three Arrows Capital, thinks that a Democratic victory would catapult Bitcoin to the top for several reasons. However, another term of office for Donald Trump might not be a bad omen, he writes :
“Biden would be very positive for BTC as a Democratic victory would result in a conducive political agenda that coincides with a momentary weakness in the US dollar. Trump wouldn’t necessarily be bad either. „
As Cointelegraph reported this week , veteran trader Peter Brandt is confident that the price development points to a clear upward trend for Bitcoin. Good technical course data, strong fundamentals and a reinforced hold could all be the perfect conditions for a halving climb next year.