North takes the lead – Canada validates first Bitcoin ETF

Canada has no fools – In the news series about the massive adoption of bitcoin by the international financial sphere, there are some announcements that are more defining than others. And the birth of North America’s first Bitcoin ETF promises to be part of it, as the pressure from investors is growing.

A new front door

The ETF, or tracker , is a financial product that will replicate the fluctuations of an index – in our case, bitcoin. A trader will be able to trade it like any other financial market, here on the Toronto Stock Exchange. This can clearly be seen as a sign of the change in mentality that is taking place in the minds of institutions towards the king of crypto-assets.

This is the first time that a digital asset will have the “index” role traditionally endorsed by commodities or synthetic referents, such as the CAC 40. The bitcoins concerned will then be stored physically cold , as is already the case for index gold.

Efforts that bear fruit

The company Purpose Investments , at the origin of the project, offered the services of Gemini Trust to carry out its negotiations with the Canadian government. This famous investment fund is managed by the Winklevoss twins , who became famous for having challenged the paternity of the social network Facebook to Marc Zuckerberg.

The project of an ETF stamped „BTC“ is not new, since in 2017, Gemini had already filed a similar request to the US regulatory authorities. The SEC then refused all ETF proposals, tirelessly, claiming the immaturity of the market at the time. The enthusiasm of the last few weeks must therefore have convinced Canadian decision-makers that the time had come to give the most illustrious digital currency a chance .

Canada wants to take on the role of pioneer and should soon convince other countries keen on such an opportunity. The USA have also been strongly encouraged by their major investors to quickly follow suit. From there to seeing the SEC change its mind, there is only one step… But will it really end up being crossed?

Milliardærinvestor sier at sentralbanker vil stoppe ved ingenting for å feste Bitcoin

Frank Giustra, milliardærinvestor og gruvefinansier, advarer om at regjeringer og sentralbanker kommer til å gjøre alt de kan for å kvele Bitcoins reise mot universell adopsjon.

I et Stansberry Research-intervju med Daniella Cambone påpeker Giustra at hvis sentralbanker lykkes med å utstede sine egne sentralbank digitale valutaer (CBDC), vil de sannsynligvis ikke ønske konkurranse fra Bitcoin.

“Jeg er spesielt opptatt av hva regjeringer og sentralbanker vil gjøre hvis Bitcoin Future noen gang blir en trussel, en reell trussel, mot sine egne suverene valutaer. Som du vet, vurderer mange sentralbanker å utstede sine egne digitale valutaer. Og de vil ikke ha den konkurransen der, og de vil gjøre det veldig vanskelig. Regjeringer og sentralbanker vil gjøre det veldig vanskelig for Bitcoin å bli universelt adoptert. De vil sette sperringer underveis. ”

Den kanadiske filantropen refererer noen ganger i historien der myndighetene slo seg fast på finansielle instrumenter for å fremme sine egne agendaer

“Jeg tror at du aldri kan undervurdere beslutningen fra regjeringer og sentralbanker når de prøver å beskytte sin valuta. Du har hørt om valuta- og kapitalkontroll. De har vært en del av vår historie i mange land, inkludert USA. Det kom i form av å gjøre eierskapet til gull ulovlig i 1933 som varte i 40 år. Det var en form for kapitalkontroll for å beskytte den amerikanske dollaren. Du så det i Storbritannia før 1979 hvor det var valutakontroller. Du så det i Sør-Afrika. Du så det i Tyskland før krigen. Du så det så sent som i 2015 i Hellas.

Valuta- og kapitalregulering, eller en metode å bruke denne filosofien mot Bitcoin er en mulighet, og du må ta hensyn til det. ”

Giustra tar det et skritt videre og fremhever at sentralbankene eier gull

“[Sentralbanker] eier ikke Bitcoin. Gull er en viktig del av valutareservene og vil alltid være. Hvis de gjør noe, vil de utstede sin egen digitale valuta. De kommer ikke til å kjøpe Bitcoin, fordi de kommer til å prøve med all sin makt å undergrave Bitcoin. ”

Mens Giustra kan ha et dystre langsiktig syn på Bitcoin, mener han at den ledende kryptovalutaen har potensial til å gå høyere de neste månedene.

„Akkurat nå er [Bitcoin] i det maniske stadiet av å bli kjøpt opp av den grunn, at det til slutt vil nå det stadiet, og det kan, men jeg tror det er langt, langt unna for en rekke årsaker, men at betyr ikke at det ikke kommer til å gå mye høyere, noe jeg personlig tror det vil. Jeg tror [Bitcoin] kommer til å gjøre det noen av disse menneskene forutsier og komme opp til en mye høyere pris. ”

Bitcoin er nå blant de 10 mest verdifulle globale eiendelene

Med en markedsverdi på $ 638 milliarder er den totale verdien av Bitcoin nær aksjeverdiene til Tesla og Alibaba.

Bitcoins pris er opp over 75% den siste måneden og nesten 25% den siste uken, for å nå $ 34.000. Den økende prisen kombinert med nylig myntet Bitcoin har resultert i en markedsverdi på 638 milliarder dollar.

Det er bra nok til å gjøre BTC til den niende mest verdifulle eiendelen i verden, ifølge Asset Dash, som sporer aksjer, børshandlede fond og kryptovalutaer.

For mindre enn to uker siden fortrengte Bitcoin Visa på listen. Så, bare fem dager senere, overvant det et underskudd på 70 milliarder dollar for å overhale Berkshire Hathaway, selskapet som drives av Bitcoin-motstanderen Warren Buffett. Siden har BTC også flyttet forbi aksjer i Taiwan Semiconductor Manufacturing.

Over Bitcoin er en morderrekke med blue chip-selskaper. Apple går foran med en markedsverdi på 2,23 billioner dollar, etterfulgt av Microsoft (1,65 billioner dollar), Amazon (1,62 billioner dollar), Googles morselskap Alphabet (1,18 billioner dollar) og Facebook (773 milliarder dollar).

Men flekker 6 til 8 ser modne ut for å plukke hvis Bitcoin kan fortsette sin oppadgående fart. Aksjer i det kinesiske konglomeratet Tencent er verdt 698 milliarder dollar, Elon Musks Tesla har en markedsverdi på 697 milliarder dollar, og det kinesiske teknologifirmaet Alibaba er verdt 650 milliarder dollar – bare 12 milliarder dollar mer enn BTCs stadig justerende markedsverdi.

Bitcoin er ikke den eneste bevegelsen som gjør kryptovalutaen aktiv. Ethereum er nå den 82. mest verdifulle eiendelen, med en markedsverdi nord på 125 milliarder dollar. Eiendelen økte med 50% den siste uken, og hjalp den med å passere finansselskapet Morgan Stanley og den allestedsnærværende Starbucks.

Andre kryptovalutaer blant de 1000 beste inkluderer Tether (# 475), Litecoin (# 804), XRP (# 812), Polkadot (# 877), Cardano (# 922) og Bitcoin Cash (# 939).

Tyler Winklevoss compared cash to rubbish

Gemini exchange co-founder Tyler Winklevoss compared cash to rubbish during an interview with CNBC.

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Bitcoin millionaire and founder of the Gemini exchange, Tyler Winklevoss, compared cash to rubbish. During an interview on CNBC, he highlighted what he sees as the advantages of cryptomoney over the old money system.

At the same time, he stressed that it is only a matter of time before big investors discard the dollar and other currencies. Instead of traditional money, investors will focus mainly on Bitcoin, as this is, in his opinion, the most advantageous asset to invest in.

Tyler’s twin brother, Cameron Winklevoss, stressed that Bitcoin only needs to be better than gold. By achieving that, the value of the pioneering cryptomone would take off to remarkable levels.

Winklevoss: Dollar weakness will push Bitcoin to US$500,000
Why did Tyler Winklevoss compare money to rubbish?
The fact that many investors are now largely abandoning currencies such as the USD is worth considering. The fear of a possible weakening of the dollar, makes it more advantageous to put capital into reserve assets. Among these, Bitcoin has been in high demand.

The Winklevoss twins, meanwhile, believe that Bitcoin’s value will reach $500,000 in the not too distant future. This position, according to CoinTelegraph, is shared by Katherine Wood of ARK Investment Management.

Bitcoin’s current price growth, according to advocates of the digital currency, is different from previous bull runs. The main difference now is that Bitcoin is more mature than at other times and its volatility has decreased considerably.

The reason for this maturity, could be sought in the acquisition of this cryptomoney by large institutional investors. All of this could indicate that the cryptomone has already made a permanent place in the financial system.

Bitcoin could grow 25 times its current price, says Tyler Winklevoss, who compared fiat money to junk. Source: CNBC
Bitcoin could grow 25 times the price now, says Tyler Winklevoss, who compared fiat money to rubbish. Source: CNBC
Winklevoss Brothers claim to have $2 billion thanks to Bitcoin
Adoption curve continues to accelerate
Along with Tyler Winklevoss‘ words, in which he compared fiat to rubbish, he also noted that the adoption of Bitcoin is growing at a frenetic pace. Especially among heavyweight investors.

The acceleration of the Bitcoin adoption curve continues at a rapid pace, so the investor considers the fears of a collapse. In doing so, he refers to a possible generalised collapse of national currencies dragged down by the weakening of the USD.

At the same time as this is happening, the price of Bitcoin continues to rise, and the more it rises, the more attractive it becomes to other investors. It is a circle that many see as a bubble. However, it is not the first time that the leading cryptomone currency has been considered in such a way.

In this scenario, gold is another asset that could be in the minds of dozens of investors. But in the case of this metal, its price has weakened.

Although Tyler Winklevoss was unable to determine precisely when the price of Bitcoin will reach the aforementioned figure, what seems certain is that investors‘ fears continue to grow.

Facts to Consider
The Winklevoss twins claim that the price of Bitcoin in the future would reach $9 billion.
They also bet that the price of cryptomoney will soon reach USD 500,000.
These claims are based on the acceleration of Bitcoin’s adoption curve among large investors.
Fears of a collapse of national currencies would be the other reason for Bitcoin to become the dominant global asset.

Investment guru Paul Tudor Jones points to Bitcoin’s long-term chance of success

The current price development seems to be behaving similarly to gold in the 1970s, which could soon mean a long-term upswing.

A two-year segment of the long-term price development of Bitcoin indicates that the market-leading cryptocurrency is currently in the early stages of a multi-year upward trend that could bring its long-term exponential growth.

Bitcoin with a similar development to gold

As can be seen from the graphic above, the Bitcoin price has developed roughly similar to gold in the years 1975-1977 in the last two years. There are two good reasons why the cryptocurrency will have a comparable upturn as this in the next few years Precious metal in the following years. First, Bitcoin is limited to a fixed amount in circulation, which makes it an attractive hedge against inflation, and second, it has a similar function as a store of value to gold.

In August 2020, the Winklevoss twins, who are among the largest investors in Bitcoin and themselves run the large American crypto exchange Gemini, published a theses paper in which they explained how and why Bitcoin could climb to 500,000 US dollars in the future.

In their thesis paper, they name several properties that make the market-leading crypto currency a legitimate means of hedging

The twins particularly emphasize the fact that Bitcoin will never experience severe supply shocks, as is potentially possible with gold. To this end, they explain:

„Offer. Bitcoin is not only a scarce commercial product, but also the only one in the entire universe that has a predetermined and fixed amount in circulation or a fixed supply. As a result, there will never be supply shocks with Bitcoin, as is the case with gold or other commodities whose supply could grow suddenly in the future. „

Because of this, it would be permissible to think of Bitcoin as a better means of hedging than gold. For many observers, the recurring comparison with gold alone is a hint that the crypto currency will achieve exponential growth in the long term.

Bitcoin auf der Jagd nach neuem Allzeithoch nach Tiefstständen in der Reichweite

  • Die BTC handelt innerhalb eines symmetrischen Dreiecks.
  • Der Kurs folgt einer parabolisch ansteigenden Unterstützungslinie.

Der Kurs hat möglicherweise gerade erst mit der fünften und letzten Unterwelle der aktuellen Aufwärtsbewegung begonnen.

Das Treuhandprojekt ist ein internationales Konsortium von Nachrichtenorganisationen, das Standards für Transparenz aufbaut.

Bitcoin (BTC) hat in der vergangenen Woche innerhalb eines symmetrischen Dreiecks gehandelt.

Technische Indikatoren und die längerfristigen Aussichten sprechen für einen Ausbruch aus diesem Dreieck, der den Kurs schließlich auf ein neues Allzeithoch führen würde.

Bitcoin in einem symmetrischen Dreieck

Der BTC-Preis wird seit seinem Höchststand von 18.977 $ am 21. November innerhalb eines symmetrischen Dreiecks gehandelt. Heute fiel der Preis auf die Unterstützungslinie des Dreiecks und erzeugte einen langen unteren Docht und einen Hammerkerzenständer, ein Zeichen für Kaufdruck.

Der Punkt der Konvergenz zwischen Unterstützung und Widerstand tritt am oder nahe dem 27. November ein, an dem eine entscheidende Bewegung aus dem Muster heraus erfolgen sollte.

BTC-Dreieck

Der MACD ist in den vergangenen zwei Tagen allmählich angestiegen, was die Möglichkeit eines Ausbruchs aus dem Dreieck unterstützt.

Ein Ausbruch, der die gesamte Höhe des Musters durchläuft, würde die BTC bis auf 19.900 $ bringen.

BTC-Ausbruch

Geht die BTC-Rallye zu Ende?

Der BTC-Kurs folgt seit Beginn der Aufwärtsbewegung im September einer parabolisch ansteigenden Unterstützungslinie. Der Preis handelt immer noch oberhalb dieser Linie und nähert sich dem Allzeithoch bei 19.500 $.

Die Kurserholung ist stark überkauft, wobei sowohl RSI als auch MACD nahe den höchsten jemals erreichten Niveaus liegen. Darüber hinaus steht der Stochastic-Oszillator kurz davor, ein rückläufiges Cross zu bilden.

Während also ein weiterer Preisanstieg aufgrund der kurzfristigen Messwerte wahrscheinlich erscheint, ist ein Retracement überfällig und könnte erst erfolgen, wenn der Dreiecksausbruch abgeschlossen ist.
BTC Täglich

Wellenzahl

Der BTC-Preis befindet sich wahrscheinlich in der fünften und letzten Welle eines zinsbullischen Impulses (unten in orange dargestellt).

Das Vorhandensein des Dreiecks deutet darauf hin, dass es sich um eine Unterwelle 4 (rot) handelt, nach der der Preis ausbrechen sollte.

Ein wahrscheinliches Ziel für die Oberseite der Bewegung wäre zwischen $20.855-$21.000, die 3,61 Fib Verlängerung der Unterwelle 1 und die Projektion der Unterwellen 1-3 auf die Unterseite der Unterwelle 4.
Anzahl der BTC-Wellen

Schlussfolgerung

Die BTC handelt innerhalb eines symmetrischen Dreiecks, aus dem ein Ausbruch erwartet wird, der den Kurs auf ein neues Allzeithoch führen könnte.

En Bitcoin-rebound fokuserar på $ 16.000, kommer det att hända?

De Bitcoin tjurar höll marken ordentligt och försvarade nyligen etablerade stöd på $ 14.500 efter inspelningen nya årliga toppar nära $ 16.000. Denna spik tillskrevs spänningen som uppstod från USA: s presidentval på aktiemarknaden.

Investerare sägs ha vänt sig till Bitcoin och flera andra digitala tillgångar som söker säkringsoptioner. Guld exploderade också till $ 1950 per uns då valet försenades.

Bitcoin Uptrend

Stabilitet har återvänt till bitcoinmarknaden med krypto som studsade av supporten till 14 500 $. BTC svävar för närvarande runt 15 000 dollar. Många förväntar sig att konsolidering kommer att ha företräde i framtida sessioner, vilket framgår av Relative Strength Index (RSI).

På den ljusare sidan kan bitcoin förlänga prisåtgärden över $ 15K, ett drag som kan locka fler köporder. Detta ökar medvinden och drar bitcoin till nya årliga toppar.

För närvarande har det närmaste stödet bildats vid 50 SMA för att undvika omfattande prisförluster om en korrigering bryter stödet till $ 14 500. IOMAP-modellen från IntoTheBlock säger att prisåtgärder kommer att vara ganska begränsade inför den kommande veckan.

När det gäller uppåtriktningen kommer säljarstockningen som har bildats mellan 14 985 dollar och 15 429 dollar att neutralisera större delen av köptrycket.

Det intensiva nackstödet finns för att uthärda att bitcoin inte sjunker under $ 14 000-nivån

Timdiagrammet indikerar att bitcoin måste stängas idag över det 100 enkla glidande genomsnittet för att undvika eventuell uppdelning mot $ 14 300. Stödet stöds av 200 SMA. Å andra sidan förväntas försäljningstrycket fortsätta vid 50 SMA, en sannolik fördröjning mot stigningen till $ 16.000 .

The institutional investments in Bitcoin were presented at the Blockchain Summit Latam 2020

A new presentation of the Blockchain Summit Latam has commented on the institutional investment in Bitcoin

In the 4th day of the Blockchain Summit Latam 2020 that is taking place this Thursday November 5th we could listen to Joaquin Moreno, founder of BTCenEspañol, presenting a paper entitled „Why public companies are buying bitcoin as an investment? Research, analysis and conclusions“, where the institutional investment in BTC was the main topic to be discussed.

What leads open capital companies to invest in Bitcoin?

One of the first things that Moreno highlighted is that, after an investigation at Bitcoin Machine he explained that starting this year he could see how two companies with mercantile objects not related to Bitcoin, could enter to invest in BTC, as it turned out to be MicroStrategy and Square. In total, he explained that there are 23 public business organizations that have a total of 770,000 Bitcoin.

How much Bitcoin do the companies have, what are the reasons for their acquisition, and what are the effects?

Likewise, Moreno stressed that we must understand that these companies handle „a lot of information,“ mentioning that in the midst of the complicated global scenario, these companies must be seeing something that makes them act this way. He pointed out that 2020 has shown the possibility of unforeseen events and the need to plan in the midst of a scenario of unlimited emissions and much uncertainty, which has led to „planning in Bitcoin“ out of the conviction that in the medium to long term, this is the best strategy.

What do the Bitcoin funds declare?

Besides mentioning the companies that are not directly linked to crypto-currencies and that are investing in Bitcoin, he also pointed out that we can see how there is data from the investment funds that are dedicated to crypto-currencies.

The adoption of Bitcoin could reach 90% in 2030, says the founder of an investment company

Specifically, he said that the funds provide details that at the corporate level they have been able to manage investments of companies that place between 1 and 5% of their capital stock within Bitcoin, and there are even companies that invest more than 5%.

In the perspectives of the funds that Moreno relates, there is the perception that investing in Bitcoin is similar to investing in emerging markets, as well as that there is also a perspective that the BTC market will triple from the possession of spaces within the alternative markets that exist today.

Perspectives du marché: la tendance BTC cible 15000 dollars, Bitcoin Bull Raoul Pal „ d’une durée irresponsable “

Les marchés de la crypto-monnaie ont beaucoup fluctué ces derniers temps, car le bitcoin et un certain nombre d’actifs cryptographiques ont testé de nouveaux niveaux de résistance. La valorisation boursière de l’ensemble de la crypto-économie oscille autour de 360 ​​milliards de dollars, car une partie décente des vingt principaux actifs numériques a gagné 1 à 15% au cours des dernières 24 heures.

Action sur le marché de la cryptographie de cette semaine

Un certain nombre de passionnés de monnaie numérique se sont concentrés sur les marchés de la cryptographie, alors que les prix ont recommencé à augmenter au cours de la seconde moitié du week-end. Au cours des séances de trading tôt le matin de lundi, le bitcoin ( BTC ) avait sauté d’un cheveu au-dessus de la zone de 12000 $.

Cependant, les prix BTC / USD ont glissé de 4% après avoir atteint la zone de 12000 USD vers la région de 11500 USD. Cette décision a comblé un écart de prix à terme du bitcoin du groupe CME qui n’avait pas été comblé avant le week-end. BTC est rapidement revenu à la position 11700 $ et encore une fois, les taureaux Bitcoin se rapprochent de la fourchette de 12000 $.

Perspectives du marché: la tendance BTC cible 15000 dollars, Bitcoin Bull Raoul Pal „ d’une durée irresponsable “

Malgré la hausse du prix de la BTC vers 12000 dollars, le ratio de dominance de l’actif cryptographique n’est toujours que de 60,5% sur toutes les pièces existantes (5700+). Au moment de la publication, le bitcoin ( BTC ) a une capitalisation boursière comprise entre 218 et 221 milliards de dollars. Au cours des sept derniers jours, le BTC a augmenté de 5,9% et l’actif de 28,8% au cours des 30 derniers jours.

Les cinq principaux actifs cryptographiques du lundi 10 août 2020

Sur les 5700 pièces cryptographiques et plus, il y a 30 milliards de dollars en volume d’échanges sur 24 heures lundi. Ethereum ( ETH ) est en hausse de plus de 2,4% aujourd’hui et se négocie à 396 $ au moment de la presse. L’ETH n’a augmenté que de 3,4% pour la semaine, mais il a augmenté de 64% au cours des 30 derniers jours. Le XRP est également en hausse de plus d’un pourcentage aujourd’hui, car il a oscillé entre 0,29 USD et 0,30 USD au cours des derniers jours.

Le Bitcoin Cash ( BCH ) se négocie juste au-dessus de la fourchette de 300 $, après avoir atteint un sommet de 308 $ au cours des séances de trading tôt le matin. Le BCH a augmenté de 2% au cours des sept derniers jours, de 28% au cours des 30 derniers jours et de 29,7% au cours des 90 derniers jours. La crypto-monnaie a environ 779 millions de dollars en transactions mondiales 24 heures sur 24 et une capitalisation boursière de 5,59 milliards de dollars.

Un analyste indique que les prix du Bitcoin s’élèvent à 15000 $

Le commerçant à plein temps Adam Mancini a déclaré dimanche à ses 53 000 abonnés Twitter qu’il assistait à un «excellent rallye du bitcoin». Mancini pense que le prochain grand arrêt sera d’environ 15000 $ après que l’actif crypto a récemment éclaté à travers un modèle triangulaire haussier.

„[ BTC ] a éclaté avec force d’un triangle haussier pluriannuel“, a tweeté Mancini dimanche. «Bitcoin est peut-être le petit nouveau sur le bloc, mais les mêmes vieux modèles classiques qui s’appliquent à tous les actifs financiers s’appliquent toujours. [La] tendance est en hausse avec la prochaine cible de 15 000 $. „

FBI, Duitse autoriteiten Confisqueren $30M in Bitcoin van eigenaars van Pirate Streaming Site

Lokale rapporten onthulden vandaag dat de Duitse wetshandhavingsinstantie in samenwerking met het Amerikaanse Federal Bureau of Investigation (FBI) cryptocurrencies ter waarde van miljoenen dollars in beslag heeft genomen van de exploitanten van het ter ziele gegane illegale streaming platform Movie2k.to.

Movie2k was een top-rated film piraten streaming website die massaal verkeer aantrok dan andere populaire websites in Duitsland, en behoorde tot de 20 meest bezochte sites in 2012.

In 2013 besloot het bedrijf uit eigen beweging te stoppen. In november 2019 arresteerden de Duitse autoriteiten echter, met hulp van de FBI, de exploitanten voor vermeende illegale internetactiviteiten in verband met Movie2k en namen ze juridische stappen om de criminele acties rond de internetoperatie van het bedrijf te onderzoeken.

Tijdens het onderzoek hebben de autoriteiten 29,7 miljoen dollar aan Bitcoin terugverdiend die gegenereerd was uit advertenties en abonnementsgelden voor het verspreiden van meer dan 880.000 illegaal gekopieerde films. Maar rapporten merkten op dat Movie2k’s programmeur ongeveer 22.000 Bitcoin maakte terwijl hij aan het platform werkte.

De programmeur zou het verworven Bitcoin-vastgoed hebben geïnvesteerd met behulp van een vastgoedondernemer uit Berlijn die ook een partner was in de piraterijoperatie.

Volgens het rapport leverden de diensten van Forensische experts een goed resultaat op toen de daders vrijwillig de crypto’s in hun bezit loslieten als betaling voor wat als „schadeherstel“ werd bestempeld, wat slechts overblijfselen lijken te zijn van de totale Bitcoin die ze hadden aangeschaft.