GameStop-Aktien pumpen positiv für Bitcoin, sagt Scaramucci

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.

British investment advisor calls for general ban on crypto transactions

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.

Extremely bullish for BTC: 3 bold U.S. dollar predictions highlight bitcoin’s potential

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.

Komodo CEO: Bitcoin’s bull run could end if institutions are in trouble

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.

Vitalik Buterin: Blockchain er allerede i vid udstrækning vedtaget

Bitcoin har hoppet som gal sent. På trods af en nylig nedgang nåede valutaen et nyt rekordhøjt niveau i starten af ​​ugen, hvor aktivet handlede for godt over $ 33.000. Derudover når blockchain rekordniveauer, når det kommer til vedtagelse af industrien, og ifølge Vitalik Buterin – den legendariske medstifter af Ethereum, den næststørste kryptokurrency i verden og den primære konkurrent til BTC, er sagen for blockchain “ undervurderet, ”og sandsynligvis vil gå endnu længere end mange industrieksperter har hævdet.

Vitalik Buterin er ekstremt bullish på Blockchain

I et nyligt blogindlæg, der opsummerer alle de store kryptohændelser i 2020, kommenterede Buterin, at blockchain i skrivende stund gennemgår en seriøs ændring og nu er på vej ind i det almindelige territorium. Han siger, at det allerede er blevet vedtaget af mange større virksomheder og industrier, og at dette kun er toppen af ​​isbjerget for verdens nyeste form for digital teknologi.

Han forklarer:

En af de mere undervurderede tyresager for kryptokurrency, som jeg altid har troet, er simpelthen det faktum, at guld er halt, de yngre generationer indser, at det er halt, og at $ 9 billioner skal gå et eller andet sted … Blokæder og kryptokurver er godt klar til at spille en vigtig rolle dog af grunde, der er meget mere komplekse end mange mennesker tror og har så meget at gøre med kulturelle kræfter som noget andet økonomisk. Offentlige blockchain-løsninger [vil] fortsætte stille og få faktisk vedtagelse.

For det meste ser Buterin ud til at have et fornuftigt punkt, når han nævner guld, selvom det måske er lidt af en overdrivelse at kalde det „halt“. Guld har, ligesom BTC, haft et stærkt år i 2020 og nået nye højder og betragtes stort set stadig som et værdibud og et hækningsværktøj mod økonomisk strid.

Men hvor tingene virkelig ændrer sig, er, at Bitcoin Loophole nu deler dette omdømme. Med introduktionen af ​​coronavirus-pandemien i marts sidste år begyndte mange mennesker at se bitcoin ikke kun som et spekulativt aktiv, men en, der potentielt kunne beskytte deres formue, da standardfinansielle markeder tog hits fra alle hjørner.

Aktivet forbliver volatilt og har endnu ikke erstattet fiat (og det vil sandsynligvis aldrig gå så langt), men bitcoin er langt mere end noget, der kan gøre dig rig natten over. Nu er det noget af et sikkerhedstæppe, og som et resultat blev der åbnet flere tegnebøger i år end under nogen anden tid de sidste tre år.

Mange synes at være enige

Derudover ser det ud til, at mange andre gentager Buterins ord og hævder, at blockchain bliver fremtidens bølge. Fred Wilson – en risikokapitalist – skrev i en separat blog:

Jeg tror, ​​at regeringer vil reagere på alle disse økonomiske udfordringer ved at fortsætte med at udskrive fiat-penge uden begrænsning … Dette vil føre til, at investorer fortsætter med at afsætte kapital til nye former for penge (krypto) og nye måder at skabe og finansiere innovation på.