El gestor de fondos Bill Miller dice que el Bitcoin no es una burbuja – BTC entra en la corriente principal mientras la demanda crece más rápido que la oferta

Bill Miller, fundador y director de inversiones de Miller Value Partners, no cree que el bitcoin sea una burbuja. Por el contrario, afirma que se encuentra en el inicio de la adopción generalizada. El famoso inversor en valores sigue siendo optimista con respecto a la criptomoneda y explica que el precio del bitcoin subirá porque la demanda de la criptomoneda está creciendo más rápido que la oferta.

Bill Miller, alcista con el Bitcoin

El veterano inversor en valor Bill Miller es el fundador de Miller Value Partners y actualmente es el presidente y director de inversiones. También es cogestor de los fondos Opportunity Equity y Income Strategy. Antes de Miller Value Partners, fue cofundador de Legg Mason Capital Management.

La semana pasada se le preguntó en una entrevista con la CNBC si el precio del bitcoin tiene mucho más recorrido. Miller respondió: „Hay muchas maneras diferentes de ver el bitcoin. La forma más sencilla es simplemente la oferta y la demanda“. Haciendo hincapié en el creciente interés institucional por la criptomoneda a medida que se incorpora a la corriente principal, explicó:

La oferta está creciendo un 2% al año y la demanda crece más rápido. Eso es todo lo que hay que saber, y eso significa que va a subir… No creo que se trate de una burbuja en absoluto en el bitcoin, creo que ahora es el comienzo de su generalización“.

Comparando el reciente repunte del bitcoin con lo ocurrido en 2017, que según él „fue una burbuja“, Miller reconoció que el precio del bitcoin será volátil, como se ha visto en las recientes oscilaciones de precios. „Incluso entonces, durante la burbuja, bajó un 20% en cinco ocasiones diferentes, así que con el bitcoin, la volatilidad es el precio que se paga por el rendimiento“, opinó el gestor de activos.

En bitcoin de que la criptodivisa es „oro digital“

Miller comparte la misma creencia que muchos inversores en bitcoin de que la criptodivisa es „oro digital“. „El oro es una categoría de activos de unos 10 billones de dólares y el bitcoin es de un billón de dólares, y es infinitamente divisible o casi“, dijo Miller. „Es fácilmente transportable y se puede enviar a cualquier parte del mundo si se tiene un teléfono inteligente, por lo que es una versión mucho mejor, como reserva de valor que el oro“.

Además, señaló:

Hay 15 billones de dólares de bonos de rendimiento negativo por ahí, así que por qué tendrías eso cuando puedes poseer algo que al menos tiene el potencial de subir“.

Aunque Miller no cree que el bitcoin sea una burbuja, algunos gestores de fondos sí lo creen. El director de inversiones de Guggenheim, Scott Minerd, dijo recientemente que el bitcoin parece „muy espumoso“, y advirtió de una importante corrección que podría hacer caer el precio de la criptomoneda entre 20.000 y 30.000 dólares. Además, la encuesta de gestores de fondos de Bank of America correspondiente al mes de abril muestra que la mayoría de los gestores de fondos consideran que el bitcoin es una burbuja.

Will the bitcoin price continue to rise?

What’s next for the Bitcoin price?

Bitcoin has set new price records in recent weeks and then plummeted noticeably. Therefore, many investors are asking themselves the question of how the Bitcoin price will continue – will it go up again or further into the price basement?

Opinions on the question of the Bitcoin Hero price differ. There are two views opposing each other as „bulls“ and „bears“.

The Bitcoin bulls

Thus, the positive-minded, „bullish“ view assumes that the Bitcoin price is only „breathing through“ in chart terms. Setbacks are healthy (from a stock market perspective) to shake out weak hands and ensure that short-term speculators and nervous small investors leave the market. The move shown now is typical for Bitcoin, he said, and shows consolidation for new highs.

The Bitcoin Bears

The „bearish“ view is of a different opinion. Bitcoin is showing a „head-and-shoulders“ pattern chart-wise, which is a sign of further falling prices. Moreover, Bitcoin’s soaring price has reawakened public interest. This also calls government regulators to the scene, who would soon intervene.

Who knows where the Bitcoin journey will go?

Both sides have arguments that cannot be dismissed out of hand.

The bears rightly point out that the states certainly have little interest in a parallel currency. This is especially true in view of all the new money in the market, which will probably lead to inflation of the fiat currencies at least in the medium term. A flight to alternative cryptocurrencies will not be welcomed by the states and they might intervene. Another reason could be the protection of the planned state cryptocurrencies.

For example, the president of the European Central Bank currently said in an interview:

[Bitcoin] is a highly speculative asset that has made some dubious deals possible, as well as some (…) very reprehensible money laundering activities.

On the other hand, more and more big companies are discovering cryptocurrencies for themselves. Considering their powerful lobby in the US and Europe, these companies will certainly not let it happen so easily that their investments are wiped out by laws. In addition, it is likely that some politicians have invested in cryptocurrencies or are using them to finance their election campaigns and are therefore unlikely to support a ban on them.

In general, the rhetoric against Bitcoin is nothing new and part of the usual „saber rattling“ against change. In addition, there are the technical difficulties of banning a decentralized asset that can easily be evaded. In this respect, an indirect approach such as taxation or stricter regulation of crypto exchanges would be more likely in the event.

Majority of holdings in XRP and XLM sold off

Grayscale: Majority of holdings in XRP and XLM sold off

The digital asset manager has sold a large portion of its holdings in the two coins.

Grayscale Investments, the world’s largest digital asset manager, has reportedly sold off a significant portion of its holdings in XRP and XLM.

Data from Bybt, a cryptocurrency futures trading platform, shows that Grayscale’s XRP holdings fell by more than 9.18 million on 29 December. This brings the total value of Immediate Bitcoin the position to just 26.45 million XRP. At the time of going to press, these have a value of $5.77 million.

On the same day, Grayscale reportedly sold over 9.74 million Stellar Lumens (XLM), bringing its holdings to 9.19 million XLM, or US$1.27 million at present.

Grayscale’s assets under management currently stand at US$19.26 billion

Bitcoin (BTC) accounts for 87 percent of the total.

Grayscale sold the XRP shortly after the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs. The news triggered a wave of denotations on major exchanges, including Coinbase and Bittrex. The XRP price plummeted 60 percent as a result.

Ripple has promised to defend itself against the SEC’s allegations and has called on market participants not to consider XRP a security until they hear its side of the story.

With all the regulatory attention surrounding Ripple, it’s probably easy to understand why Grayscale is distancing itself from the cryptocurrency. However, it is not entirely clear why the fund manager has also reduced his XLM holdings at the same time.

This could be a temporary reallocation, as recent data shows. Grayscale actually increased its position in XRP and XLM after their recent price drops.

Stellar was co-founded by Jed McCaleb, a software developer who was part of the founding team of Ripple. He left the project in 2014. As of 9 December, McCaleb’s public XRP wallet still held over 251 million XRP. He is said to have sold hundreds of millions of US dollars worth of XRP since the beginning of 2016.

Grayscale and Stellar have not yet responded to Cointelegraph’s requests for comment.

O preço Bitcoin Cash ultrapassa $ 500, o que vem por aí para o BCH?

Espera-se que o preço à vista do Bitcoin suba acima do nível de $ 550.

Fecha o suporte está no nível de $ 500

O BCH enfrenta resistência ao fechar acima do nível de $ 525.

O preço Bitcoin Cash ( BCH ) parece ter encontrado um forte nível de suporte para iniciar uma tendência de alta. Hoje, o preço ultrapassou o nível de $ 500 hoje e subiu para o nível de $ 510, onde está atualmente.

O sentimento mais amplo do mercado de criptomoedas permanece otimista, mas alguns ativos viram seus preços observando uma ligeira retração em relação ao preço de abertura do dia.

O Bitcoin Cash começou o ano com pouco ou nenhum impulso de ambos os lados, já que o preço se consolidou no nível de $ 350. O preço continuou a oscilar em torno da marca por alguns dias até 3 de janeiro, quando o preço Bitcoin Pro ultrapassou a marca de $ 375.

Os compradores iniciaram uma alta que elevou o preço da marca de $ 350 para o nível de $ 425. O BCH observou uma correção no nível que fez com que o preço caísse novamente para o nível de $ 400. O preço iniciou outra alta em 5 de janeiro, embora com um gradiente mais baixo.

A segunda alta permitiu ao BCH sair do nível de $ 400 e subir acima do nível de $ 450. No entanto, o preço falhou no fechamento acima da marca de $ 450 e voltou ao nível de suporte de $ 425. O preço foi negociado perto da marca até hoje, quando os mercados do BCH finalmente observaram um forte impulso de alta mais uma vez.

O BCH subiu do nível de $ 425 para acima do nível de $ 500 com forte dinâmica de alta. O preço subiu acima da marca de $ 520 e é negociado a $ 523,44 até o momento.

Indicadores técnicos e o que esperar do preço Bitcoin Cash

Entre os indicadores técnicos, o MACD mostra uma reversão de alta, com a MME de 12 dias subindo acima da MME de 26 dias. Com os tamanhos crescentes das velas verdes, o indicador continuará a ficar mais otimista. O indicador atualmente mostra um momentum de alta nos mercados.

O RSI tem apresentado um aumento constante e subiu acima do nível 70,00. Isso sugere que há pouco espaço para um movimento ascendente imediato. Se o BCH continuar a subir neste ritmo, o preço Bitcoin Cash pode observar outra correção.

No geral, 18 dos 28 principais indicadores técnicos emitem um sinal de compra, enquanto apenas três indicadores emitem um sinal de venda. Enquanto isso, sete indicadores permanecem neutros, não mostrando suporte para nenhum dos lados.

As bandas de Bollinger estão atualmente se expandindo, sugerindo um aumento na volatilidade do preço Bitcoin Cash no curto prazo.

Os comerciantes devem esperar que o preço à vista do Bitcoin estabeleça suporte no nível psicológico de $ 500. A expectativa é de que o BCH continue subindo, mas em ritmo mais lento e sustentável. O BCH pode subir acima do nível de $ 525 no início de amanhã.

2020, the year of change: Bitcoin, the digital gold that the ultra rich are snapping up

Bitcoin, brighter than 24 carats – 2020 has been an extremely colorful year for Bitcoin (BTC). From the worst fears of the coronavirus crisis that briefly caused every market on the planet to collapse, to the current strong bullish move in The News Spy platform that has pushed it past its former highs, the emotional roller coaster we have offered the king of cryptos have been significant this year. However, one thing has clearly changed: the vision of institutions on Bitcoin.

Bitcoin more coveted than gold as a safe haven?

After the anxiety crisis and the crash generated by the Covid-19 in March 2020, the various markets – stock markets and cryptos in particular – have recovered fairly quickly and well.

In the first months that followed, gold was the first safe haven that gave a signal in the face of massive monetary first impressions decided by governments, in an attempt to counter the economic effects of the Coronavirus crisis.

From the summer of 2020, the gold metal has effectively beaten its old highs , even passing above the symbolic 2,000 dollars an ounce (31.1 g).

However, a new store of value , even more prized than the precious metal, will emerge thereafter. This is of course the bitcoin invented by Satoshi Nakamoto.

Big companies, institutions, billionaires: they all want to protect themselves with Bitcoin

From September 2020, this movement was largely initiated by the company MicroStrategy and its CEO Michael Saylor . With the purchase of tens of thousands of bitcoins , the company listed on the Nasdaq and its leader wanted to provide themselves with a “cash alternative” to protect themselves from a possible fall in the US dollar .

And if we believe the excellent performance of Grayscale funds , they are far from the only ones. Eh yes ! These crypto investment funds are all particularly intended for institutional investors , apart from the quantity of crypto-assets under management of Grayscale have been increasing steadily in recent months, by billions of dollars .

Here too, Bitcoin’s role as a safe haven is mentioned in the face of the risk of government fiat currencies being devalued by rampant inflation .

This is also the opinion shared by many billionaires : from Paul Tudor Jones to Ricardo Salinas Pliego , via Chamath Palihapitiya and many others. Everyone wants to protect themselves against the hyperinflation of fiat currencies, thanks to Bitcoin.

The world has changed in many ways this year 2020, and so has Bitcoin. The king of cryptos seems to have earned his stripes of store of value, like gold, with the prospect of returns deemed higher than those of gold metal.

Binance launches trading and staking of three new Chiliz fan tokens

Binance Launchpool will soon introduce three new fan tokens: that of OG (e-sports team), Atlético Madrid and A.S. Roma

Binance, the world’s largest cryptocurrency exchange by trading volume, is launching the listing of new fan tokens issued by one of the industry’s leading platforms, Chiliz.

According to an announcement on 23 December, Binance Launchpool, a platform that allows users to stack tokens for up to 30 days and reap rewards, will soon unveil three more fan tokens: that of OG, the Dota 2 e-sports team, and those related to the well-known football teams Atlético de Madrid Football (ATM) and AS Roma Football Club (ASR).

As part of the new listings, from 24 December until 23 January 2021, Binance users will be able to stack Binance Coin (BNB), Binance Dollar (BUSD) and Chiliz (CHZ) to obtain OGs, ATMs and ASRs.

From 30 December, Binance will also open up OG, ATM and ASR trading in its Innovation Zone and open trading against major cryptocurrencies such as Bitcoin (BTC) and Tether (USDT). Trading pairs already announced include OG/BTC, OG/USDT, ATM/BTC, ATM/USDT, ASR/BTC and ASR/USDT.

Binance CEO Changpeng Zhao said that traditional sports and e-sports companies are increasingly exploring the crypto sector:

„Fan tokens have been well received by our users, and we are happy to work closely with Chiliz to continue to provide access to them.“

This news ushers in the second phase of the collaboration between Binance and Chiliz, after the two companies announced a strategic partnership on 14 December. In conjunction with the announcement, Binance also announced the listing of Paris Saint Germain (PSG) and Juventus (JUV) fan tokens.

Alexandre Dreyfus, CEO and founder of both Chiliz and its affiliated startup Socios, said the companies expect to welcome „many more sports and entertainment partners in the near future“. Dreyfus also emphasised that the partnership aims to promote the digital transformation of the industry, fan engagement and new methods of monetisation.

Chiliz and Socios are major players in the sports fan token issuing industry. In August 2020, the two companies announced plans to launch a Visa debit card with tokens from major teams such as FC Barcelona. In July 2020, Brazil’s largest exchange, Mercado Bitcoin, launched the CHZ/Brazilian Real trading pair. Previously, Chiliz and Socios had made headlines with the sale of $1.3 million of FC Barcelona fan tokens, completed in less than two hours.

Ytterligere fall i Bitcoin-prisen muli

Ytterligere fall i Bitcoin-prisen mulig, selv om gråtoner er avgjørende, konstaterer JPM-analytiker

Interessen for Grayscale Bitcoin Trust de neste ukene vil være nøkkelen til å avgjøre om BTC virkelig er foretrukket av institusjoner, sa JPM-analytikere.

Selv om Bitcoin har gjenopprettet fra sine Bitcoin Bank kraftige pristap under Thanksgiving-massakren, mener analytikere fra JPMorgan Chase & Co at ytterligere nedgang fortsatt kan forekomme.

Strategene påpekte at Grayscale, gjennom sin Bitcoin Trust, vil spille en viktig rolle i fremtidig BTC-prisutvikling.

Er Bitcoin på vei lenger sør?

Den primære kryptovalutaen nådde en ny årlig høyde på $ 19 500 i forrige uke; dermed kom den mindre enn 3% fra 2017-tiden på $ 20.000. Da samfunnet begynte å spekulere i hvor lang tid det vil ta å overgå dette nivået, snudde trenden ondskapsfullt.

Bitcoin dro sørover og mistet mer enn $ 3000 i verdi i timer. Likevel har kryptovalutaen gjenopprettet de fleste av tapene og handler nord for $ 18.000.

En JPM-analyse, ledet av Nikolaos Panigirtzoglou, sa nylig at Thanksgiving-prisfallet hadde ryddet „forrige skum i momentumhandleres posisjonering.“ Strategene antydet imidlertid at Bitcoin fortsatt kunne gå lavere.

“Momentum-handelsmenn som rådgivere for handelsvarer og andre kvantitative fond spilte sannsynligvis en stor rolle i lysbildet ved å koble av lange Bitcoin-futuresposisjoner. Momentum-handelsmenn har rom for å videreformidle ”Bitcoin-nedgangen, bemerket analytikerne sitert av Bloomberg.

Bortsett fra å sprenge „momentumhandlere“, diskuterte strategene også forskjellige andre grunner bak prisutviklingen. Disse inkluderte ryktene om nye forskrifter foreslått av Trump-administrasjonen og fortjeneste.

Gråtoner er nøkkelen

JPM-strategene fremhevet også den viktige rollen Grayscale og dens Grayscale Bitcoin Trust har på markedet. Kryptovaluta-forvalteren er det mest foretrukne selskapet for institusjonelle investorer å få eksponering mot Bitcoin (og andre digitale eiendeler) uten å bekymre seg for å lagre midlene.

Dette har blitt eksemplifisert gjennom 2020 da Grayscale har rapportert back-to-back opptaksbruddsresultater. Eiendommene under forvaltning (AUM) har eksplodert de siste 12 månedene til over 10 milliarder dollar. Litt forventet har Grayscale Bitcoin Trust den største andelen.

Analytikerne hevdet at hvis det er en nedgang i interessen for GBTC, kan dette skade fortellingen om at Bitcoin har blitt en favoritt blant institusjonelle investorer:

“En mislykkelse fra Grayscale Bitcoin Trust i å motta ekstra innstrømning i løpet av de kommende ukene, vil også føre til tvil om ideen om at institusjonelle investorer som familiekontorer har startet en trend med å omfavne Bitcoin som digitalt gull som erstatter tradisjonelt gull som en langsiktig investering. . ”

Crypto Weekly # 124 – Cryptocurrency news of the week

News regarding Bitcoin and cryptocurrencies is in constant turmoil. It can happen that important information gets lost in the daily news flow and you miss important points.

This format is there to remedy that. We come back to the news of the past week in the Crypto Weekly to keep you informed on the current situation of cryptocurrencies.

For this week’s must-see, we’ll come back to Slashing , the bad validator penalty mechanism on Ethereum 2.0 .

Ethereum 2.0 et Proof of Stake

We were talking about it recently, Ethereum 2.0 is an update split into 3 phases. The first, called phase 0, will allow the launch of the beacon chain.

Bitcoin Investor marks the transition from a consensus model based on Proof of Work, to a model called Proof of Stake.

The Proof of Stake is intended to consume less energy. Thus in this system, validators must sequester a defined amount of cryptocurrency to be able to participate in the process. This sum placed in escrow serves as proof of stake. It allows to prove the benevolence of a validator.

In the case of Ethereum, a validator must escrow at least 32 ETH to participate in block validation.

However, escrow is not sufficient to ensure the honesty of a validator and does not ensure network performance. This is why Ethereum has introduced penalties as well as slashing to penalize malicious validators .

Penalties and slashing

A validator may be subject to penalties if he fails to fulfill his role as validator. Thus, penalties only affect minor errors and which impact is not critical for the network.

Ethereum 2.0’s consensus system follows a series of rules. Slashing aims to punish validators who do not respect these rules. These breaches are considered more serious and therefore more heavily penalized.

Do not hesitate to consult the entire article for more details on the so-called penalties: Slashing: the risks behind staking on Ethereum 2.0 .

Le rallye de Bitcoin pourrait être causé par une crise

Le rallye de Bitcoin pourrait être causé par une crise de l’offre en Chine

La flambée des prix de Bitcoin peut être due autant à un tarissement de l’offre qu’à une augmentation de la demande.

En effet, les mineurs chinois ont du mal à vendre leur crypto de manière à obtenir rapidement l’argent dont ils ont tant besoin face à la répression du gouvernement sur les bourses locales.

„Le manque d’offre a très bien alimenté la Crypto Cash tendance de ce rallye, sans aucune des grandes ventes typiques de l’activité des mineurs dans le passé“, a noté la société commerciale QCP Capital, basée à Singapour, dans son Telegram channel.

L’interprétation du QCP de la reprise est plus simple et moins passionnante que certaines autres explications populaires, qui citent des facteurs macroéconomiques tels que la demande de couverture contre l’indiscipline monétaire et fiscale, une hausse imminente de l’inflation dans le monde développé et la recherche de rendement comme principales raisons de la flambée des prix.

Principalement les coûts d’électricité

Les mineurs opèrent principalement en utilisant des liquidités et déchargent leurs avoirs en bitcoin sur le marché presque quotidiennement pour financer leurs dépenses, principalement les coûts d’électricité, qui doivent être payés en monnaie locale (yuan, dans le cas de ceux qui opèrent en Chine). Cela fait des mineurs des vendeurs constants, et leurs actions influencent le prix du marché.

Cependant, les mineurs chinois, qui contrôlent plus de 70 % du hashrate ou de la puissance minière de bitcoin, ont été confrontés à des difficultés pour liquider leurs avoirs en cryptographie contre de l’argent liquide, car beaucoup d’entre eux trouvent leurs comptes bancaires et leurs cartes gelés dans le cadre de la répression nationale du gouvernement chinois contre la fraude aux télécommunications et le blanchiment d’argent par le biais de transactions en cryptographie.

Actuellement, 74% des mineurs ont des difficultés à liquider leurs avoirs pour faire face aux dépenses d’électricité, un crypto-moniteur chinois du nom de Wu Blockchain mentionné sur son blog Weixin, selon QCP Capital. Thomas Heller, ancien directeur commercial mondial du pool minier F2Pool et aujourd’hui directeur des opérations de la société minière et médiatique HASHR8, a confirmé la situation difficile des mineurs chinois en début de semaine, en déclarant que la conversion en espèces des pièces de monnaie et des câbles d’attache est actuellement un „défi“ pour les mineurs chinois.

L’industrie souffre depuis que les autorités chinoises ont commencé à geler les comptes bancaires en juin et la situation s’est aggravée ces derniers mois.

„Les pools miniers vendaient de gros morceaux de bitcoin début septembre sur les marchés boursiers, mais cette activité a été interrompue à la hâte, car leurs dernières voies de sortie ont été touchées par l’arrestation de grandes sociétés de bourse comme Star Xu et d’autres courtiers [de gré à gré]“, a déclaré QCP Capital.

CTO of dexFreight will participate in a talk organized by Ethereum Caribe

They will provide a meeting on data in economic sectors important for world trade, such as transport and the supply chain

Ethereum Caribe will hold a virtual chat on the importance of data visibility in important economic sectors for world trade, such as transport and the supply chain. In this framework, Adrian Giannini, expert in decentralized logistics, CTO of dexFreight and co-founder of fortune3 will be present. This is what the organisers informed Cointelegraph en Español.

Adrian Giannini will talk about his experience in the field and the use of blockchain technology to improve access to global services.

„It will be a space aimed at both the general public and the specialised public, where we will address the cases of use and the platforms that propose to improve the efficiency of the processes of mobilising goods between individuals,“ the organisers said.

The meeting will take place on Saturday 24 October at the following times:

9:00 a.m. Costa Rica, Guatemala, Honduras (GMT-6)

10:00 a.m. Colombia, Mexico, Panama, Peru (GMT-5)

11:00 a.m. Cuba, Venezuela, Bolivia (GMT-4)

12:00 m. Argentina, Brazil and Chile (GMT-3)

6:00 p.m. Central Europe Time

Objectives

These Ethereum Caribe meetings are held to help build the Ethereum and Bitcoin Supersplit community in Latin America and the Caribbean. The idea is to generate more adoption of technology and to promote its use. They also seek to report on the most prominent cases of use of blockchain technology in the logistics and transport sectors.

This talk is organised by the Ethereum Caribe community and QuillaLabs, an organisation which promotes the use of open, decentralised and distributed technologies from Barranquilla.

In this context, Adrian Giannini commented:

„Decentralisation will allow healthy competition between actors in the supply chain because it avoids the formation of monopolies“.

Those interested in participating, can enter here.