Bitcoin heading for an all-time high, Grayscale Trust grows to 500,000 BTC

PayPal starts crypto service, Bitcoin investor „extremely greedy

Bitcoin cracks the 16,000 US dollar mark: Sustainable breakthrough?

Bitcoin is hardly to be braked and approaches the all-time high. Asset manager Grayscale also got wind of this and is stuffing its pockets full of BTC. The market update.

The Bitcoin share price (BTC) continues its march toward the all-time high. Compared to the previous day, the crypto reserve currency has risen by 3 percent and thus climbed to 16,720 US dollars at the time of going to press.

Bitcoin rate in the weekly chart

Only scarcely Bitcoin failed in the evening hours of yesterday because of the next thousand mark. With 16,813 US Dollar was provisionally conclusion, in view of the present course fireworks the jump over the resistance might be however only one question of the time.

A price increase of 46 percent in the last 30 days speaks volumes: The cops are at the pusher. Already now Bitcoin on the highest level for over two years is acted and an end seems at least momentarily not in view.
Bitcoin in the bull market

Because according to the latest Week-on-Chain report from Glassnode, the crypto currency is still in the bull market. The Blockchain analysts evaluate the Bitcoin status quo on a weekly basis using various key figures and locate the currency accordingly in the bear or bull market.

With a value of 61, the Global Network Index slides one counter down in the weekly comparison, but still remains at a strong value. Although the category „network health“ was able to gain due to increased on-chain transactions, on the other hand, general liquidity had to give up points due to dwindling stock market reserves.
Decoupling tendencies

Accordingly Bitcoin is little surprisingly also this week in the bull market glued on. More however the thesis surprises that Bitcoin shows decoupling tendencies in view of the present upward trend opposite the Börsenparkett:

With the continuing price rises, BTC has moved further and further away from the trends on the stock market, which lends even more credibility to the narratives that point to a possible decoupling from the traditional markets.

Whether and to what extent the markets correlate with each other is a question that has become apparent at the latest since the corona crash in mid-March. Overall, the correlation between Bitcoin and the S&P 500 index seems to have increased on average in recent months. However, as the following chart from Skew also shows, the correlation fluctuates with strong outliers in both directions.

It is true that the crypto market under the dominance of Bitcoin currently seems to be raking off the stock market. However, it remains to be seen whether a trend reversal or only a snapshot can be derived from this.

Grayscale now holds 500,000 BTC

However, the fact that dynamics have been increasingly reflected on the markets in recent months is not least due to the influx of stock market participants and institutional investors. Asset manager Grayscale, in whose Bitcoin Trust now more than 500,000 coins are kept in custody, turns out to be particularly busy.

At the current exchange rate, the trust thus amounts to over 8.3 billion US dollars. Grayscale alone thus holds around 2.7 percent of the total BTC offering. If the 3.7 million Bitcoin invoiced by Chainalysis is subtracted from the supply, which has been lost in recent years, Grayscale holds over 3.3 percent of the BTC volume in circulation.

Bitcoin on the way to an all-time high

According to Mike McGlone, the asset manager could fill his pockets at a good time. According to the Bloomberg analyst, Bitcoin is still in the early stages of a bull cycle despite the current rally. There are two key resistances on the to-do list for the coming year. Firstly, the not so distant all-time high of USD 20,000 and, once this is reached, a market capitalization of USD 1 trillion.

ANALYST, SOM FORUDSPÅ 2018’S BITCOIN UNDER, SÆGER $ 15K ER NÆSTE

  • Bitcoin er fortsat med at eksplodere højere, da den amerikanske dollar falder.
  • BTC handler for $ 14.500 fra denne artikels skrivning, den højeste pris i over to år.
  • Analytikere mener, at mønten strækker sig højere, da prisen stadig er placeret i en uptrend.

BITCOIN KUN HIT $ 15.000 NÆSTE, ANALYSTER SIG

Bitcoin er fortsat med at eksplodere højere i lyset af et stærkt fald i den amerikanske dollar, når valget fortsætter. Prisen på den førende kryptokurrency har nået $ 14.500 for første gang siden januar 2018 i en massiv sejr for tyre. BTC er steget med 6,8% de sidste 24 timer, ligesom Ethereum og en række andre altcoins.

Analytikere tror, ​​at Bitcoin Profit gevinster fortsat vil strække sig opad på trods af usikkerhed om valget. En historisk nøjagtig erhvervsdrivende delte diagrammet set nedenfor midt i bevægelsen højere.

Det viser, at BTC handler i en Elliot Wave-breakout opad, hvilket skulle tage Bitcoin til $ 15.000 i de kommende 24 til 48 timer. BTC-rally til $ 15.000 fra nuværende niveauer er kun yderligere 3,4% af opadgående, nøjagtigt halvdelen af ​​gevinsterne i dag.

Analytikeren, der delte diagrammet set ovenfor, er den samme, som i midten af ​​2018 forudsagde, at Bitcoin ville ramme $ 3.200 i lavt niveau. BTC kom til bunden på $ 3.150 seks måneder efter, at han forudsagde.

Mens $ 15.000 synes nært forestående for Bitcoin-tyre, er der lidt makrobestandighed indtil $ 20.000. Raoul Pal, administrerende direktør for Real Vision, bemærkede for to uger siden, at når Bitcoin først bryder $ 14.000, er $ 20.000 i spil.

$ 14.000 har længe været et centralt niveau for Bitcoin-tyre. Prisniveauet markerede højdepunkterne for 2019 til en T, mens $ 14.000 også er det niveau, hvormed 2017s årlige lys blev lukket. Nogle har hævdet, at $ 14.000 er endnu vigtigere for Bitcoins prishandling end $ 20.000.

VALGSIKKERHED TIL AT KØRE BULLISK PRISHANDLING

Understøttelse af tyresagen forventes de globale markeder at klare sig godt i kølvandet på det amerikanske præsidentvalg.

Analyse, der deles af den erhvervsdrivende „Light“, indikerer, at kapitalen efter de sidste tre valg oversvømmede på aktiemarkederne. Dette indikerer, at efter at det amerikanske præsidentvalg er besluttet, er investorerne mere risikofyldte og dermed siver kapital ind på markederne.

Bitcoin vil sandsynligvis drage fordel, hvis disse kapitalstrømme finder sted igen. Mens det er et sikkert tilflugtssted, betragtes Bitcoin stadig som et „risikobetonet aktiv“ af nogle på grund af dets volatilitet og tidlige karakter.

8.7 million dollars in ETH, blocked for 15 years … in a scam?

Some users are not cold-eyed – An internet user has invested $ 8.7 million in ETH on the HEX platform, an amount that will be blocked for 15 years. Between precursor and pigeon, there is only one step.

HEX: the blocked crypto savings account

The HEX project was launched on December 2, 2019, by Richard Heart, on the Ethereum blockchain.

This project aims to create a crypto version deposit account. Thus, users have the possibility to deposit funds there , which will be blocked for a defined period of time , and to receive interest on these assets.

20,000 ETH blocked over 15 years

During the last week, an anonymous Internet user deposited the equivalent of 20,000 ETH on the HEX platform through 7 separate transactions .

So far, nothing particularly alluring. However, the story is spiced up when we take a look at the time during which the funds will be blocked: 15 years .

Thus, the user has deposited 20,000 ETH, or approximately $ 8.7 million, which will be blocked on the HEX platform for the next 15 years , namely until 2034.

As one of the internet users on reddit put it so well: “We found the biggest balls in crypto”.

Precursor or finished pigeon?

However, several snags are inserted in this story.

At first, it is extremely risky to deliberately lock up such a large amount of money in such a “recent” smart contract for a period longer than the existence of the cryptocurrencies themselves.

The second problem lies in the legitimacy of HEX. Indeed, the platform offers returns on the assets deposited, that is, many completely legitimate platforms do the same.

However, when we take a closer look at the HEX site, all indicators suggest that this platform is not legitimate .

First astonishing point, HEX has a loyalty program that allows sponsors to earn more earnings per sponsored affiliate. Already there, it sounds like a scam. However it goes further, on the official site, HEX explains without complex that “using your own referral link, you will get 32% more HEX per ETH” .

More than doubtful advice …

On top of that, the site is full of more than questionable comparison between the past performance of Bitcoin and Ethereum prices, presenting HEX as a “safe” way to obtain superior returns.

“HEX is designed to outperform ETH, which has seen its price increase 10,000 times over in 2.5 years. It works ! So far, HEX’s dollar price has increased 115-fold in 129 days. HEX is safer, faster, cheaper, better for the environment, has more features, and caters to a larger market than Bitcoin. So far, the price of HEX has increased 92 times the price of Bitcoin. ” , explains the site.

Although the project has not been officially stamped with a scam by the crypto community, it is still extremely questionable. Cryptocurrency projects ensuring wealth and prosperity to their users are rarely the most honest.

Bitcoin a beaucoup d’attrait en tant que réserve de valeur

Bitcoin a beaucoup d’attrait en tant que réserve de valeur : Druckenmiller, investisseur milliardaire

Stanley Druckenmiller, l’investisseur milliardaire des fonds spéculatifs, a rejoint Paul Tudor Jones en investissant dans le bitcoin. Comme Jones, il est incroyablement baissier sur le dollar américain et est long sur la BTC.

C’est un autre gros score sur le front de la valeur pour Bitcoin. Stanley Druckenmiller, un investisseur milliardaire dans les fonds spéculatifs, vient d’admettre qu’il Crypto Bank détenait BTC à la télévision nationale dans une interview avec CNBC. Ce gestionnaire de fonds important a également des positions sur l’or, mais il est considérablement optimiste quant à la première cryptocouronne au monde.

„Si le pari sur l’or fonctionne, le pari sur les bitcoins fonctionnera mieux.“

Dans la dernière interview avec Kelly Evans de CNBC, Stanley Druckenmiller, un gestionnaire de fonds spéculatifs milliardaire, a déclaré qu’il possédait des bitcoins et qu’il pariait sur la cryptocouronne pour atteindre des évaluations beaucoup plus élevées dans le futur.

„Je suis un peu un dinosaure, mais je me suis habitué au fait que les bitcoins pourraient être une classe d’actifs qui a beaucoup d’attrait en tant que réserve de valeur“, déclare le légendaire investisseur Stanley Druckenmiller à @KellyCNBC. Son „panier à la baisse“ contient également du bon vieil or.$BTC $RIO $FCX pic.twitter.com/2zuM8JqxaW

– The Exchange (@CNBCTheExchange) 9 novembre 2020

Il a estimé que la CTB a trouvé un nombre considérable de fans parmi la génération du millénaire et l’ensemble de la courroie technologique de la côte ouest.

Outre le bitcoin, M. Druckenmiller occupe également des postes dans le secteur de l’or. Et ses allocations au fonds des métaux jaunes sont sensiblement plus élevées que celles du bitcoin. Mais il n’hésite pas à affirmer qu’il est évident que les deux investissements fonctionnent parfaitement.

Franchement, si le pari sur l’or fonctionne, le pari sur le bitcoin fonctionnera probablement mieux parce qu’il est plus mince, plus illiquide et a un bêta beaucoup plus élevé.

Avec son nouveau plaidoyer pour le bitcoin et son investissement dans l’or, Stanley Druckenmiller rejoint les rangs de Paul Tudor Jones, une autre figure vénérable de l’investissement dans les fonds spéculatifs de Wall Street. Tous deux sont extrêmement pessimistes à l’égard du dollar américain, M. Druckenmiller allant même jusqu’à dépeindre un déclin pluriannuel du billet vert. Il est en fait à la baisse du dollar.

La communauté de la CTB se réjouit

Raoul Pal, patron de Real Vision et taureau en série de Bitcoin, s’est empressé de partager les développements sur son profil Twitter. Selon lui, l’admission de l’investisseur milliardaire dans les fonds spéculatifs de la BTC devrait ouvrir les portes à d’autres fonds et opérateurs de fonds de dotation pour qu’ils suivent son exemple.

L’importance du plus grand et du plus respecté des gestionnaires de fonds au monde – Stan Druckenmiller qui vient de dire qu’il est un long bitcoin – ne peut être surestimée. Cela a permis de lever tous les obstacles à l’investissement de tout fonds spéculatif ou de dotation…#Bitcoin

– Raoul Pal (@RaoulGMI) 9 novembre 2020

Comme d’habitude, le co-fondateur de Morgan Creek Digital, Anthony Pompliano, a un peu exagéré :

OMG Stan Druckenmiller explique pourquoi Bitcoin est le meilleur atout (lit emoji)

Un investisseur chevronné, Bill Miller, s’est lui aussi beaucoup exprimé sur Bitcoin

Il y a quelques jours à peine, Bill Miller, dans sa conversation avec les gens de CNBC, a déclaré que toutes les grandes banques posséderaient du bitcoin à un moment donné dans un avenir proche.

De plus en plus d’investisseurs institutionnels achètent la BTC comme :

L’histoire du bitcoin est très simple. C’est une question d’offre et de demande. L’offre de bitcoin augmente d’environ 2,5 % par an et la demande croît plus vite que cela.

Le prix du BTC a connu une séance de négociation très volatile aujourd’hui. Le grand milliardaire susmentionné va-t-il agir en sa faveur dans un avenir proche (prix du BTC) ? Cela reste à voir.