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La Bitcoin ha visto un afflusso di adozioni istituzionali negli ultimi mesi.

Come è stato ampiamente coperto da questo sbocco, gli ultimi mesi hanno visto importanti investitori istituzionali allocare capitali alle valute crittografiche per coprire i loro portafogli contro l’attuale inflazione macroeconomica in corso. Inoltre, molti ritengono che la Bitcoin svolgerà un ruolo sempre più importante nella finanza.

Per esempio, Paul Tudor Jones ha scritto in una lettera agli investitori all’inizio di quest’anno che pensa che il Bitcoin sarà il „cavallo più veloce della corsa“ a causa della grande inflazione monetaria:

„Stiamo assistendo alla Grande Inflazione Monetaria – un’espansione senza precedenti di ogni forma di denaro, a differenza di qualsiasi cosa il mondo sviluppato abbia mai visto“.

Altri investitori di Wall Street hanno condiviso opinioni simili.

Queste dichiarazioni hanno fatto sì che le società cercassero di coprire i loro portafogli di investimento e tesorerie usando il Bitcoin.

Questo è iniziato all’inizio di quest’anno con MicroStrategy, che ha acquistato BTC in agosto con 250 milioni di dollari di denaro aziendale perché vedeva la principale valuta crittografica come una copertura contro le tendenze inflazionistiche. L’azienda ha continuato a raddoppiare il prezzo di BTC nei mesi successivi ed è ora in rialzo di oltre il 100% rispetto all’acquisto originale.

Questa mossa ha spinto altre società pubbliche ad investire in Bitcoin con denaro aziendale per proteggersi dalla svalutazione del dollaro statunitense.
Altre aziende seguono la coraggiosa mossa Bitcoin di MicroStrategy

Secondo l’account Twitter „Deltaone“, che ripropone interessanti titoli di Bloomberg nel suo Twitter feed, NexTech acquisterà 2 milioni di dollari di BTC con denaro del Tesoro.

NexTech è una società quotata in borsa in Canada e ha sede a Vancouver. È un „fornitore leader di tecnologie e servizi per l’esperienza della realtà virtuale e aumentata (AR) per l’eCommerce, l’istruzione, le conferenze e gli eventi“.

Sull’investimento, l’amministratore delegato della società ha scritto:

„Il nostro investimento in Bitcoin fa parte della nostra nuova strategia di diversificazione e allocazione del capitale con l’intento di massimizzare il valore a lungo termine per i nostri azionisti. Questo investimento iniziale riflette la nostra convinzione che Bitcoin sia un deposito di valore a lungo termine e un’interessante attività d’investimento con un potenziale di apprezzamento a lungo termine maggiore rispetto alla disponibilità di liquidità, che attualmente rende lo 0,06%“.

L’esecutivo, Evan Gappelberg, ha aggiunto che pensa che Bitcoin guadagnerà terreno contro l’oro nei prossimi anni.

Questo annuncio arriva appena un giorno dopo che la Greenpro Capital Corporation, quotata al Nasdaq, ha annunciato una mossa simile. Greenpro sta cercando di raccogliere fino a 100 milioni di dollari nel 2021 per acquistare BTC.
Ha senso?

È stato sostenuto che le società che acquistano Bitcoin rendono le loro rispettive azioni più attraenti da detenere.

L’importante società di ricerca azionaria Citron Fund ha scritto in un rapporto di novembre che le azioni MSTR di MicroStrategy sono attraenti e sono il modo migliore per investire in BTC attraverso il mercato azionario.

„Mentre gli investitori si affannano a cercare modi per capitalizzare su bitcoin nel mercato azionario, non guardare oltre MSTR. A questi prezzi oggi, gli investitori stanno ottenendo il meglio nel settore del software con uno sconto e un’opzione call gratuita per possedere un tesoro crescente di bitcoin“.

Raoul Pal säger att institutionella investerare håller på att investera massivt i Bitcoin.

Han tillade att dessa institutioner hade drivit efterfrågan på myntet bortom utbudsnivån

I en nyligen intervju med Bostjan Usenik har Raoul Pal, en stor Bitcoin-investerare och grundare av Real Vision, sagt att fler institutionella investerare nu är redo att köpa den ledande kryptotillgången.

Pal noterade att varje institution han har talat med hade visat en beredskap för att köpa Bitcoin Lifestyle. Han tillade att godkännandet av en BTC- ETF också skulle gå långt för att förändra hur branschen fungerar.

Enligt Pal är Bitcoin en tillgång som aldrig har sett tidigare i finansbranschens historia. Och under de senaste fem till tio åren har myntet visat att det är en av de bästa tillgångarna.

Real-Vision-grundaren sade vidare att „institutionerna ännu inte har kommit helt in i kryptovärlden.“ Han tror att när de så småningom gör det kommer det att bli massivt för den snabba tillgången.

Institutionella investerare i Bitcoin driver efterfrågan bortom utbudsnivån

Raoul Pal berättade också för Bostjan att efterfrågan på Bitcoin från institutioner som PayPal, CashApp, Grayscale och andra för närvarande inte tillgodoses av tillgångens nuvarande leveransnivå.

Den tidigare fondförvaltaren på Goldman Sachs säger att dessa institutioner slingrar sina mynt eftersom de också förväntar sig att tillgångens pris fortsätter att stiga. Detta har lett till nästan ingen leverans av myntet; istället fortsätter kraven på det att öka.

PayPal tillät nyligen sina användare i USA att kunna köpa Bitcoin via sin plattform. Grayscale, å andra sidan, har en av de största trusten av BTC. Företaget innehar för närvarande över 10 miljarder dollar av den digitala tillgången.

Institutioner som MicroStrategy, Mass Mutual Insurance Company och andra innehar också tusentals kryptotillgångar.

The DC think tank doesn’t see XRP like Bitcoin or Ethereum.

In the upcoming lawsuit against the US securities regulator, Ripple will not receive any support from some key people in the crypto lobby

Jerry Brito, the executive director of Coin Center , made it clear on Tuesday that his organization would not object that XRP is a security.

In response to a question about Coin Center’s work to keep XRP out of the SEC’s purview, Brito posted two articles in which Coin Center argued why Profit Revolution and Ethereum are not securities. He pointed out that there was no such contribution for Ripple:

Coin Center is a non-profit advocacy and research group that supports the development of crypto-friendly policies. The organization began lobbying Bitcoin in 2014.

Ripple has been discussing with the SEC for years whether XRP is a security that should fall within the purview of securities regulators. Although Ripple has tried to differentiate itself from XRP , the company holds more than half of the total token offering. Many argue that XRP matches Howey’s test , which views securities as any type of investment where profits are dependent on the work of a third party.

The SEC lawsuit against Ripple was announced by CEO Brad Garlinghouse, who asked the public for their opinion on Twitter on Monday

The XRP course has been in free fall since Garlinghouse made the lawsuit public. The third largest cryptocurrency by market capitalization fell below $ 0.50 and posted a double-digit decline in percent.

According to Garlinghouse, a SEC listing is not the end of the world for Ripple or XRP. He told the Pomp Podcast last month that „more than 90 percent of RippleNet customers are outside of the United States .“

Such a determination would then require US investors to complete a broker-dealer registration with the SEC in order to hold XRP. That would be a possible barrier to acceptance.

Glassnode CTO Rafael Schultze-Kraft deduces that Bitcoin could manage a tenfold increase based on six key figures.

Rafael Schultze-Kraft, the German CTO of crypto market research institute Glassnode, sees several Bitcoin (BTC) metrics at „extremely promising“ levels, so promising in fact that he predicts a tenfold increase in the price over the course of this uptrend.

On December 9, Schultze Kraft posted a Twitter thread in which he arrives at the very optimistic assessment and explains the logic behind it. Accordingly, he cites six „of the most important metrics“ that are currently at similar levels as they were at the beginning of Bitcoin’s 2017 record run.

1/ Where are we in the #Bitcoin market cycle?

A look at some of the most important on-chain market indicators.

TLDR: Insanely bullish, most metrics are far from the top. If things develop anything like 2017, we could see more than 10x $BTC from here.

For every single metric, Schultze-Kraft derives a multiplication of the bitcoin price into the six-figure range, with all but one even pointing to a price value of more than $200,000.

To arrive at these forecasts, Schultze-Kraft took as a starting point for each metric the value that the metric currently has. He looked at this for 2017, calculating the percentage gain in the bitcoin price from its then level to its record high. He has in turn applied this percentage gain to the current bitcoin price, which leads him to the price targets he predicts.

First, Schultze-Kraft points to the „Net Unrealized Profit/Loss“ (NUPL), a metric that „shows the difference between unrealized gains and losses since the last movement of the Bitcoin currency units under consideration.“ The NUPL is currently back at 78% of its 2017 record high.

At that time, a gain of 1,400% followed, which in turn allowed the NUPL to capture its previous record high of 201. If similar this time around, such a gain would carry Bitcoin’s price up to $286,000.
Net Unrealized Profit/Loss of Bitcoin.

The next metric is the „Market Cap to Thermocap Ratio,“ which relates Bitcoin’s market capitalization to the total profit made by Bitcoin miners. The MCTC currently stands at a quarter of its record high in 2017, when Bitcoin gained 625%, which also catapulted the ratio to new heights. Currently, a similar increase would result in a price of $138,000.

The „MVRV Z-Score“, which in turn compares whether Bitcoin is overvalued or undervalued relative to its „fair“ market value, currently stands at 34% of its 2017 record high, which was followed by a price increase of 1,150%. Such an upswing would see the market-leading cryptocurrency currently climb to $240,000.

As Kraft-Schultze explains, the metrics that track the long-term behavior of Bitcoin investors are quite indicative of strong gains.

For example, the long-term „MVRV,“ which shows the average gain or loss of all circulating bitcoin, and the long-term „SOPR,“ which breaks down the total gain and loss since certain bitcoin last moved, each show a value 13% of the 2017 record high. At that time, the price gained 1,340% and 1,620%, respectively, which would mean values of $274,000 and $328,000 for the current bitcoin price.

„Reverse Risk“ a metric that measures long-term investor confidence relative to the price, also suggests the price could jump as high as $240,000, as it currently stands at just 11% of its 2017 record high.

Despite all the „promising“ metrics, however, Kraft-Schultze cautions his followers to „take them with a grain of salt“ because each is just a single data point. Nonetheless, his conclusion remains very optimistic:

„What I’m saying is that these bitcoin metrics are currently far from their levels during the record high of 2017.“

So there is still a lot of upside for the price, if Schultze-Kraft and the metrics he presents are to be believed.

Meanwhile, his crypto market research firm, Glassnode, released a report on Dec. 8 that predicts Bitcoin will initially experience a downturn before continuing upward to new record highs. It states:

„Initially, there will be a downward or sideways move as investors unwind the gains they made during the recent climb.“

In China, the digital yuan is already available in some pilot cities, selected to prepare for national deployment. Over the weekend, $ 3 million in digital yuan will be distributed to residents of Suzhou City via a raffle. Is the launch approaching?

The digital yuan on trial

In China , the Suzhou city government is distributing 20 million yuan in digital form over the weekend , the equivalent of 3 million dollars . The 10.7 million inhabitants of the city can register for this airdrop and 100,000 lucky ones will each receive 200 digital yuan, or 30 dollars.

In order for the experiment to yield good results, the selected inhabitants will be able to spend their digital yuan on the Internet on the occasion of “ Double 12 ”, a local version of Black Friday . Online, the digital yuan can be used for purchases on JD.com , the 2nd largest e-commerce platform in China.

At the same time, a handful of people will have the opportunity to spend their funds in stores in the city, in order to try out the digital wallet’s offline payment function .

This event is organized with the collaboration of a local bank, which will provide its mobile application dedicated to the Bitcoin Era.

Besides being a test for the digital yuan, a Suzhou City press release on the subject explains:

“This event is also an innovative approach led by the city of Suzhou as part of the standardization of epidemic prevention and control to stimulate consumption and domestic demand. It is of significant importance for promoting quality development of the local economy. “

National deployment is getting closer

Such a free distribution of the digital yuan is proving to be a relatively effective strategy to accustom the population to the digital version of the yuan. In addition, the integration of the digital yuan within the ecosystem of local giants like JD , Alibaba or even Tencent , offers it unprecedented visibility.

Other industries such as the telephone industry are working on solutions for the digital yuan. This is particularly the case with Huawei , the smartphone maker having revealed last October that its models in the Mate 40 series will include a hardware wallet for the digital yuan .

Note that this life-size test for the digital yuan is not the first. Last November, 50,000 residents of the city of Shenzhen shared the equivalent of $ 1.5 million in digital yuan . Some of the winners of this first airdrop had not found any particular interest in the digital yuan compared to other already existing means of payment, while designating it as less practical .

The introduction of the digital yuan on the whole territory is approaching, not to the displeasure of those who have given unfavorable criticism against it …

BTC/USD rises to over USD 18,800 during Friday’s trading.

The Bitcoin (BTC) price reached new highs of over USD 18,750 on November 20, as its latest extended upward trend continued to delight investors.

BTC price closer to historic highs

Data from Cointelegraph Markets, Coin360 and TradingView showed that the BTC/USD pair rose rapidly after reaching the USD 18,000 level, surpassing its previous peak of USD 18,420 to continue rising.

At the close of this edition, local peaks of USD 18,817 placed Bitcoin at Immediate Edge only USD 1,250 of its historical peaks since December 2017.

The latest gains come as the altcoins also begin to reach historic levels, which have been unproven for several years.

Speaking about the current market strength and future outlook, Tom Lee, co-founder of Fundstrat Global Advisors, was more optimistic than ever.

„The halving occurred this year, which of course historically is good for the price, bit’s history also says that the year after the halving is much more important,“ he told Yahoo! Finance.

„Bitcoin was the best performing asset last year, 2019. It’s breaking it down this year; it’s simply crushing all other hedges and asset classes this year, 2020. But in 2021 I think Bitcoin could be the year of the fireworks, so if people are interested, they should realize that the best is probably yet to come.

Data from the monitoring resource Skew emphasises how much Bitcoin has outperformed the macro alternatives. Bitcoin yields to date total 160%, while gold has achieved only 22% and the S&P 500 10.9% even less attractive.