Zaledwie kilka godzin po tym, jak anonimowe źródło twierdziło, że Indie wydadzą ogólny zakaz dla wszystkich kryptowalut, Jack Dorsey i Jay-Z ogłosili, że zaufali rozwojowi 500 Bitcoinów.

Dyrektor generalny Twittera Jack Dorsey ogłosił utworzenie funduszu deweloperskiego ślepego Bitcoina ( BTC ) o wartości 500 BTC (23,7 miliona dolarów), wraz z raperem Jay-Z, dla zespołów pracujących nad projektem w Indiach i Afryce.

Dorsey ujawnił utworzenie trustu 12 lutego, wysyłając wezwanie do trzech członków zarządu, aby początkowo nadzorowali zaufanie niewidomych

Formularz zgłoszeniowy dla członków zarządu, nazwany „Zaufaj”, zawiera misję: „Niech BitQT stanie się walutą Internetu”.

Tweet prezesa Twittera pojawił się zaledwie kilka godzin po wiadomościach o rzekomych planach Indii, aby całkowicie zakazać używania kryptowalut w ich granicach.

Według anonimowego źródła, które rozmawiało z Bloomberg , drugi najbardziej zaludniony kraj na świecie może wkrótce zakazać wszystkich kryptowalut, dając użytkownikom 3-6-miesięczny okres karencji na likwidację swoich zasobów

10 lutego Jack Dorsey przekazał milion dolarów organizacji non-profit Coin Center z siedzibą w Waszyngtonie, która również otrzymała 2 miliony dolarów darowizny od firmy zarządzającej aktywami Grayscale. Ciągłe zauroczenie Bitcoinem przez Dorseya sprawiło, że niedawno założył pełny węzeł Bitcoin ze swojego Macbooka, co oznacza, że ​​ma teraz rękę do weryfikacji łańcucha blokowego Bitcoin.

Die wachsende Zahl von Einzelhändlern, die der Wall Street ausweichen, um die Rallye von Aktien wie GameStop Inc. anzutreiben, deutet auf einen positiven Hintergrund für Bitcoin hin, Anthony Scaramucci.

Die Aktie von GameStop (GME) ist in diesem Jahr um 700% gestiegen. Sie hat in der letzten Woche einen Anstieg von 275% erlebt. Angetrieben von Einzelhändlern, zeigt die dreistellige Rallye der GameStop-Aktie einen positiven Hintergrund für Bitcoin.

Diese Meinung wurde vom Leiter von SkyBridge Capital Anthony Scaramucci geäußert, berichtet Bloomberg. Ihm zufolge demonstriert dieses Phänomen die Schlüsselidee der finanziellen Dezentralisierung von Bitcoin.

Was passiert an der Wall Street?

Laut Bloomberg, GameStop hat plötzliche Rallye wurde ausgelöst durch Reddit-fueled r/wallstreetbets day traders, was beweist, dass Einzelpersonen haben mehr Macht zu beeinflussen Märkte als große Institutionen.

Eine beträchtliche Anzahl von kleinen Spielern, die den Aufrufen in den sozialen Medien folgten, steigerten ihre Käufe von GME, was zur Beseitigung von Shorts führte. Dies verstärkte den Effekt des Kursanstiegs der GameStop-Aktie. Seit Anfang des Jahres sind die Papiere von 18,84 $ auf 342,4 $ zum Zeitpunkt der Erstellung dieses Artikels gestiegen – mehr als das 18-fache.

Betonung auf Dezentralisierung

„Die Aktivität bei GameStop ist mehr als ein Beweis für das Konzept, dass Bitcoin funktionieren wird. Und wie kann man diese Menge besiegen? Für mich ist das eine weitere Bestätigung für die Macht der dezentralen Finanzen“, sagte Scaramucci.

Er stellte fest, dass Smartphones und kostengünstige Handelsplattformen ein zuvor isoliertes und hochkonzentriertes Vermögensverwaltungsgeschäft „demokratisiert“ haben.

„Dies ist die Ära des Mikro-Investors, und Sie sollten das besser ernst nehmen, sonst werden Sie nur als Reinigungskraft angestellt“, fügte er hinzu.

Scaramuccis Firma Skybridge ist einer dieser Unternehmensinvestoren in Bitcoin. Erinnern Sie sich, dass SkyBridge Capital im Dezember $25 Millionen in Bitcoin investierte; bis zum Ende des Jahres erreichten die Investitionen in die führende Kryptowährung $182 Millionen. Im Januar legte das Unternehmen einen 310 Millionen Dollar schweren Bitcoin-Fonds auf.

Neil Liversidge wants to petition a ban on crypto transactions.

UK wealth advisor Neil Liversidge has called on the UK government to ban crypto transactions

Liversidge, who runs the investment consultancy West Riding Personal Financial Solutions, has started a petition for this purpose , which wants to ban transactions in the form of Bitcoin ( BTC ) and other crypto currencies. So it says here:

“Payments in the form of cryptocurrencies by British citizens and companies must be prohibited by law. The UK financial regulators FCA and PRA would therefore be tasked with enforcing this ban. “
The investment advisor justifies this with the well-known criticism that cryptocurrencies like Bitcoin have no intrinsic value, which would make them “a destabilizing danger” for society. In addition, they are often used for “criminal activities”, and on top of that, crypto mining would be “harmful to the environment”.

According to the official government website where the petition was posted online, it will remain open until July 7, 2021. So far, however, only 108 signatures have been collected.

In an interview with the industry magazine Professional Adviser on January 13, Liversidge said that such a general ban on crypto transactions would help Great Britain to drastically reduce the power of cryptocurrencies for criminal activities. „The authorities will never get them all, they won’t even stop a large part of it, but if we remove their financial basis, we can significantly reduce their power,“ as the financial advisor argues.

Liversidge also predicts that a British ban would send out a signal that would cause the entire crypto market to collapse: “If Britain leads the way and imposes a ban on crypto transactions, as I am calling, it will trigger a chain reaction that lets cryptocurrencies crash. “

Accordingly, the investment advisor advises all investors to sell their crypto assets as quickly as possible: „If you currently still own crypto currencies, I advise you to find an even bigger idiot to whom you can sell them quickly now.“

Liversidge told Cointelegraph that he „has never owned and will never buy cryptocurrencies,“ even if he knew they would bring him a hundredfold profit.

Bitcoin’s record run of up to 42,000 US dollars has not only brought the market-leading crypto currency many new fans, but also many new critics and envious people. Anatoly Aksakov, a member of the Russian State Duma, reiterated his criticism on January 14th by calling Bitcoin a “ speculative bubble ” that “will burst sooner or later”. On January 13, ECB boss Christine Lagarde again described Bitcoin as a “ highly speculative investment product ” that would encourage money laundering.

The US dollar is expected to continue its downward trend into 2021 as Democrats gain control of Congress.

Many observers agree that the dollar would do well in 2021, given its purported ability to manage inflation caused by the U.S. government’s expansionary fiscal stimulus for the people.

Meanwhile, Bitcoin Trader a cryptocurrency that trades inversely to the greenback, has reached new record highs above $40,000-more than double its December 2017 peak.

„It makes some sense to me,“ former Fed Governor Kevin Warsh tells CNBC of Bitcoin’s bull run. „The dollar is weakening, and after the election overnight, I would expect the dollar to continue to weaken against a large basket of currencies.“

The U.S. dollar is in a deeper downtrend in 2021. Source: DXY on TradingView.com

The narrative is as follows: Bitcoin comes with a predefined supply cap of 21 million, with supply decreasing by half after four years. Meanwhile, the US dollar has no defined supply cap.

The Federal Reserve can print it indefinitely, effectively reducing its purchasing power in the long run. Assets like Bitcoin tend to protect investors from fiat devaluation.

The Great Bitcoin Boom

In 2020, Bitcoin’s anti-dollar narrative picked up steam in institutional circles.

As the U.S. government increased spending to help people through the coronavirus pandemic and the Fed cut its benchmark interest rate to near zero, the dollar plummeted more than 12 percent from its high for the year. That prompted investors to buy Bitcoin (get in too? Go to Buy Bitcoins with Instant Bank Transfer Guide) to move their cash reserves, which ended the year up nearly 300 percent.

Bitcoin performance since its mid-March low.

The year 2021 offers similar prospects for both the dollar and bitcoin. Mr. Biden’s victory this week has mainstream analysts turning more bearish on the greenback.

The President-elect hopes to increase the $900 billion stimulus package, fueling expectations for further inflation.

A clean blue sweep in Congress is „clearly negative for the dollar and reinforces our view of further depreciation in 2021,“ Derek Halpenny, head of research for Emea Global Markets at MUFG Bank, tells the FT, adding that they now expect the greenback to fall more than previously estimated.

In the meantime, the Fed plans to keep interest rates near zero for years to come – or until they push inflation above 2 percent. That includes its commitment to buy $120 billion worth of government and corporate bonds each month. That means more pressure on the U.S. dollar.

Fiat competition

The bearish bias is also likely to intensify as foreign currencies outperform amid a global economic recovery. At Goldman Sachs, analysts say investor demand for non-U.S. assets would devalue the dollar by at least 5 percent from its current level.

„The dollar remains near its cycle high with ample room for a multi-year downtrend,“ commented Gurpreet Gill, a strategist at Goldman Sachs Asset Management.

All things considered, Bitcoin could benefit from the dollar’s downtrend – as it has since March.

Institutional investors such as Paul Tudor Jones, Scott Minerd and Stan Druckenmiller have already allocated a portion of their multibillion-dollar portfolios to the cryptocurrency. Meanwhile, companies like MicroStrategy, MassMutual, Ruffer Investments and Square have been buying bitcoin to hedge risk.

Expert considers such scenario highly unlikely and theoretical, but not impossible

Bitcoin is known for its high volatility:

In fact, it constantly fluctuates between gains and losses. Although it quickly recovered from the pandemic-related slump last March and reached new all-time highs, this does not mean that the asset might not face similar events in the future.

Jason Brown, director of business development at smart-chain platform Komodo, recently discussed what factors could cause another massive Bitcoin Union similar to the one in March.

Brown told Cointelegraph:

„I think such a scenario is unlikely, as the current trend is toward institutional adoption. On the other hand, we couldn’t foresee COVID causing such a sharp crash and bear market in the short term, followed by the subsequent bull market that began in the summer of 2020.“

In March 2020, the price of Bitcoin plunged 50% in 48 hours, while similar declines occurred in mainstream markets. Since then, several mainstream giants, such as MicroStrategy and MassMutual, have gone public with their purchases of the cryptocurrency. MicroStrategy, in particular, led by its CEO Michael Saylor, has become a major supporter of bitcoin, in part as a hedge against inflation. Brown clarified that „institutions clearly have a long-term HODL mentality and are not speculating.“

Plans may change, however, if people or companies need to spend capital to stay afloat:

„You have to consider what could happen if the same mainstream institutions fail, even if that’s related to factors outside the crypto market.“

With Bitcoin hovering around $40,000 these days, buying now means you’re buying at the highest prices ever. The big players buying significant amounts of crypto are doing so at higher-than-average price levels, according to Brown:

„This means that we could see a scenario where an institution faces a crisis due to falling or stagnant crypto prices and therefore decides to sell below the market average.

Although this is very theoretical and unlikely, this could cause a ripple effect in the opposite direction and send us back into a bear market. Earlier we talked about how whales (wealthy individuals) move the market, but now the overall supply of major cryptos is even more centralized.

Going forward, one big sell-off from a major institution could be enough to have a big impact on the market, even more than the bear market that started in 2018.“

In 2018, the bitcoin price fell from $17,000 to under $4,000 in a short period of time.

Cointelegraph Markets ergab, dass die Bitcoin-Dominanz-Charts um 69% gestiegen sind.

Die Bitcoin-Dominanz im Kryptoraum erreichte einen Höhepunkt, als das führende digitale Asset erneut kurzzeitig 24.000 US-Dollar erreichte

Der Preis für Bitcoin erreichte am 19. Dezember mit 24.000 USD ein neues Allzeithoch. Obwohl BTC eine große Volatilität verzeichnete, als sein Preis auf 22.800 USD fiel, ist er immer noch um 1,23% auf 23.633,39 USD gestiegen.

In einem Video gepostet auf Twitter, sagte Cointelegraph Markets Analyst Michael van de Poppe:

„Historisch gesehen haben wir im Dezember eine Top-Struktur aufgebaut, nach der wir ein wunderbares erstes Quartal für Altcoins hatten.“

Der Tweet von Cointelegraph Markets ergab, dass der Bitcoin-Dominanz-Chart während des XRP-Ausverkaufs um 69% gestiegen war

Da Bitcoin weiter steigt, hat XRP Schwierigkeiten mit den Aufsichtsbehörden. In einer kürzlich durch Einreichung beschuldigte die US Securities and Exchange Commission (SEC) Ripple und zwei seine Führungskräfte zu sichern mehr als $ 1,3 Milliarden in einem „laufenden unregistrierte, Digital – Asset – Wertpapiere anbieten“. Die beiden in der SEC-Meldung erwähnten Führungskräfte von Ripple sind CEO Brad Garlinghouse und Mitbegründer Christian Larsen. Infolge der Einreichung sind Analysten besorgt, dass die SEC-Klage den XRP-Handel beeinträchtigen könnte.

XRP verzeichnet bereits Verluste. Zum Zeitpunkt der Drucklegung ist XRP um 31,59% auf 0,321332 USD gefallen.

Im Gegensatz zu Bitcoin verzeichnen auch andere Top-Altcoins tägliche Rückgänge. Ether (ETH) ist derzeit um 2,56% auf 610,71 USD gefallen. Außerdem ist Tether um 0,06% gefallen und Bitcoin Cash (BCH) hat 221% verloren.

The current Bitcoin rally is based on much more solid foundations than in 2017, when there were much more hype than foundations

Analysis of the rationale behind the BitcoinANÁLISE rally

Bitcoin has surpassed the long-awaited $20,000 mark. After flirting with this price in December 2017 and last month, Bitcoin finally reached this milestone. After the recent price hike, Bitcoin is now 217% more valued.

This raises the question: why is Bitcoin going up? And is this time really different from 2017? Comparing bull races in 2017 and 2020, in addition to reaching the all-time high (ATH) in the same month, these rallies are very different aspects from a fundamental perspective.

Analysing the data one can extract valuable data to answer these questions.

A more secure network: the Bitcoin hash rate has increased almost tenfold since 2017
An important aspect of the 2020 vs. 2017 rally is the hash rate. The hash rate – which measures the aggregate power that miners devote to solving the Bitcoin proof-of-work algorithm – has reached high levels throughout 2020.

And why is that important? The hash rate of a blockchain is often associated with its safety. This is the case because more computing power allocated to validate transactions makes it more expensive to try to attack the blockchain. Therefore, increases in the hash rate can be interpreted as improvements in the security of the underlying blockchain network.

As can be seen from the graph above, the Bitcoin rate has grown steadily over time, specifically from 13.66 TH/s in December 2017 to 133.66 TH/s in December 2020.

Bitcoin is more a religion than a solution,‘ says billionaire Mark Cuban

The prevalence of Bitcoin as a store of value
Bitcoin (BTC) as „digital gold“ is a narrative that we have heard for several years. Although Bitcoin is known for its high volatility, on-chain analysis suggests that this thesis is stronger than ever.

The prevalence of long-term investment in Bitcoin manifests its transition to a reserve of valuable assets. At the time of writing, more than 64% of Bitcoin addresses have had it for over a year. The growth in the net number of Bitcoin holders (the famous hodlers), together with the relative increase in the percentage of hodlers, point to the proposition of strengthening Bitcoin as a value reserve.

Bitcoin breaks away from traditional markets with a „breathtaking“ rally planned

Institutional Adoption has grown and consolidated
A major factor in the recent upward trend has been the increase in institutional investment. Although this trend started a long time ago, 2020 was the year when the institutional adoption of Bitcoin finally took off.

Shawarma’s specialised restaurant chain offers the perfect recipe for Bitcoin adoption

This was evidenced by the support of large traditional financial companies such as Microstrategy, Blackrock, JPMorgan and Fidelity, FinTech’s such as Square and PayPal, and renowned macro investors such as Paul Tudor Jones and Stanley Druckenmiller. More recently, even S&P Dow Jones Indices has announced that it will launch cryptomore-currency indices in 2021, which are expected to continue to feed the market share of financial institutions.

Following this trend, the large transactions in the Bitcoin network have shown remarkable growth and volume.

The IntoTheBlock large transaction indicator serves as a means of counterparty analysis. By tracking transactions over $100,000, it acts as a valuable proxy for analyzing institutional activity. As can be seen in the graph above, the aggregate volume in large transactions has grown exceptionally over the year.

Similarly, the average transaction size indicator measures the average transaction value on any given day. This indicator provides an idea of what type of activity is happening in the blockchain and what type of users are making transactions with this specific crypto.

The above graph shows the growth in institutional investment as the average size of transactions in Bitcoin increased from about US$20,000 in December 2019 to more than US$110,000 in December this year.

• Bitcoin ha estado mostrando algunos serios signos de fuerza en los últimos días y semanas
• Los toros han tenido el control total de la acción del precio de la cripto moneda, pero están empezando a perder su ventaja sobre los osos a medida que la criptografía se reduce.
• La tendencia a mediano plazo dependerá en gran medida de si los compradores pueden o no defenderse de una ruptura por debajo de 18.600 dólares.
• Un comerciante señala que este es el primer nivel de apoyo clave que tiene, seguido de otro apoyo de alrededor de 18.400 dólares.
• Si estos niveles se mantienen fuertes en los días y semanas venideras, el mercado podría ver pronto una seria subida

Bitcoin y el resto del mercado de la criptodivisa se han visto atrapados en un intenso proceso de consolidación durante las últimas dos semanas.

Esto ha ocurrido porque los toros no han conseguido un control serio sobre la acción del precio de la criptodivisa, ya que la resistencia en la región de los 19.000 dólares de media a alta sigue manteniéndose fuerte.

La próxima tendencia dependerá en gran medida de la continua reacción al soporte que existe justo debajo de donde está operando actualmente.

Una ruptura por debajo de cualquiera de estos niveles podría abrir las puertas para que todo el mercado vea algunas pérdidas serias.

BITCOIN LUCHA POR GANAR IMPULSO MIENTRAS LOS VENDEDORES TOMAN EL VOLANTE

En el momento de escribir este artículo, Bitcoin está bajando un poco más del 1% a su precio actual de 18.900 dólares. Aquí es donde ha estado operando durante los últimos días, con la presión de venta que se ha visto en la región de los 19.000 dólares resultando significativa.

La próxima tendencia dependerá de si los toros pueden controlarla o no antes de que baje de 18.600 o 18.400 dólares, ya que estos son sus próximos niveles de soporte clave.

La prueba del primero de estos niveles ha jugado hasta ahora a favor de los toros, aunque sigue sin estar claro cuánto tiempo durará.

ANALISTA: BTC EN RIESGO DE VER MÁS PÉRDIDAS A MEDIDA QUE LA TENDENCIA DESCENDENTE SE INICIA

Un comerciante explicó en un reciente tweet que Bitcoin corre el riesgo de ver más pérdidas después de esta reciente avería.

Señala que la cripta se sumergió por debajo de una línea de tendencia alcista clave y ahora corre el riesgo de seguir disminuyendo.

„BTC / USD: Hace dos días mencionó que si veíamos que los toros no cerraban el día por encima de los 19.300 dólares, los osos intentarían romper esta línea de tendencia LTF. Esto ya se ha logrado y estamos buscando el próximo apoyo del LTF. Buscando un rebote en 18.600 dólares, o 18.400 dólares la próxima vez.“

La forma en que Bitcoin reaccione a estos niveles de soporte probablemente marcará la pauta de la tendencia en los próximos días.