Bitcoin ora si avvicina a $ 42.000 battendo i suoi record precedenti

Nonostante i guadagni e il continuo aumento del prezzo del Bitcoin, molti critici prevedono un potenziale scoppio di questa “bolla”.

Bitcoin (BTC) ha continuato a deliziare gli investitori poiché ha superato il prezzo di $ 41.000, un nuovo massimo storico e battendo i propri record precedenti. Secondo per CoinMarketCap, un Bitcoin ora vale fino a $ 41.934 al momento della scrittura e rappresenta un guadagno di oltre l’8,7% nelle ultime 24 ore.

Bitcoin continua a deliziare i suoi possessori e i nuovi investitori poiché gli ovvi guadagni di prezzo sono sinonimo di profitto, in particolare per coloro che hanno preso una posizione con la moneta in un momento precedente. Il rally del 2020 è stato principalmente attribuito alle migliori istituzioni di tutto il mondo che hanno acquistato la moneta, mentre l’attuale rally in corso è stato attribuito a un’impennata nell’acquisizione da parte degli investitori al dettaglio che temono di perdere questa corsa al rialzo.

Nonostante i guadagni e il continuo aumento del prezzo di Bitcoin, molti critici prevedono un potenziale scoppio della crescita che etichettano come una bolla. L’anticipazione di una correzione dei prezzi, tuttavia, non ha scoraggiato i nuovi investitori né ha spinto i vecchi a vendere i guadagni accumulati, una mossa che può seguire rapidamente le profezie di questi critici.

Impatto degli investitori al dettaglio sulla spinta del prezzo di Bitcoin a nuovi record

Indubbiamente, la maggior parte dei BTC in circolazione attualmente è nelle casse di meno del 5% degli investitori che hanno preso posizione in Bitcoin. Sebbene la maggioranza del 5% includa adottanti istituzionali e investitori individuali molto facoltosi, i dati degli scambi di criptovaluta incentrati sulla vendita al dettaglio rivelano che gli investitori al dettaglio hanno contribuito a spingere in modo significativo il prezzo del Bitcoin oltre il benchmark di $ 41.000

Il Revolut app ha riferito di aver registrato circa 300.000 nuovi clienti di criptovaluta negli ultimi 30 giorni mentre bitcoin ha testato livelli di prezzo nuovi e più elevati ed eToro ha notato che aveva il 61% in più di titolari di bitcoin unici il 4 gennaio rispetto a un anno prima e il 49% in più possessori unici di etere, un’altra valuta virtuale secondo a un rapporto della CNBC.

Con il mercato che appare affollato, gli analisti ritengono che anche se in questo momento c’è una correzione dei prezzi, la tendenza generale del bitcoin è rialzista

„Ci sarà volatilità, che è naturale dopo i guadagni che abbiamo visto, ma la tendenza a lungo termine è chiara“, Simon Peters, analista di mercato presso eToro, ha detto alla CNBC. „Crypto si sta muovendo nel mainstream e sempre più investitori stanno aggiungendo esposizione.“

Ma in attesa che questa volatilità spingerà il prezzo di Bitcoin al di sotto dell’attuale supporto fissato a $ 41.000, la sfera delle criptovalute anticipa quanto in alto andrà questa corsa al rialzo.

Grijsschaal haalt XRP van zich af: hier wordt het geld

Grayscale Investments is de laatste grote crypto speler die de associatie met de Ripple penning heeft opgegeven.

Grayscale Investments, ’s werelds grootste crypto vermogensbeheerder, kondigde dinsdag aan dat het zijn XRP-holdings heeft geliquideerd en de resterende middelen heeft gebruikt om meer Bitcoin (BTC), Bitcoin Cash (BCH) en Litecoin (LTC) te kopen.

De beslissing heeft invloed op Grayscale’s Digital Large Cap Fund, een marktkapitalisatiegewogen asset die de grootste cryptosystemen op basis van marktkapitalisatie belegt. De verkoop van XRP vond plaats op maandag, minder dan een week nadat Genesis Global Trading, de geautoriseerde deelnemer van het fonds, aankondigde dat het binnenkort de handel in XRP tijdelijk zou opschorten, waarschijnlijk in verband met de rechtszaak van de Amerikaanse Securities and Exchange Commission tegen Ripple.

SEC vs. Ripple: een voorspelbare maar ongewenste ontwikkeling
Genesis Global Trading is van plan om alle XRP transacties te stoppen op 15 januari.

Vóór de verkoop van maandag vertegenwoordigde XRP ongeveer 1,46% van het Digital Large Cap Fund. Het fonds bestaat nu uit 81,63% BTC, 15,86% Ether (ETH), 1,08% BCH en 1,43% LTC. Elk aandeel vertegenwoordigde 0,00047489 BTC, 0,00287011 ETH, 0,00047537 BCH en 0,00167314 LTC.

Meer Amerikaanse cryptoexchanges blijven XRP op afstand houden of verwijderen van hun platformen.
Grayscale bevestigde ook de nieuwe samenstelling van het fonds in een reeks Twitter berichten op dinsdag.

De fondsbeheerder zei dat XRP „geëlimineerd werd na de DLC Quarterly Fund Review (12/31/20). Hij legde uit dat er geen andere activa in aanmerking kwamen voor opname in het fonds.

Grayscale’s vermogen onder beheer overschaduwde onlangs voor het eerst de 20 miljard dollar, wat de wijdverbreide institutionele vraag naar Bitcoin en andere digitale activa benadrukt. De vermogensbeheerder verzamelt Bitcoin in grotere hoeveelheden, waarbij minstens één metriek aantoont dat Grayscale bijna drie keer zoveel BTC heeft gekocht als dat het in december werd gedolven.

Bitwise Drops XRP Positie in SEC Rechtszaak tegen Ripple
Hoewel XRP deel uitmaakte van een aantal grote kapcrypto-valuta’s die zich de afgelopen maanden hebben hersteld, blijven de vooruitzichten van XRP vertroebeld door een golf van voorraadverwijderingen in de Verenigde Staten. Bitwise Asset Management werd een van de eerste high-profile fondsbeheerders die zich voor kerstmis ontdoet van haar XRP-belangen.

Ripple van zijn kant heeft toegezegd de beweringen van SEC te bestrijden dat het bedrijf een onwettig aanbod van zijn XRP-markeringseffecten heeft gedaan. Een verklaring die vorige week door Ripple wordt uitgegeven zei het bedrijf zijn producten buiten de Verenigde Staten zal blijven werken en steunen.

Il Crypto Rally accelera nel 2021 – eToro Crypto Roundup

Bitcoin rompe $34K, Ethereum eclissa $1K e Litecoin rubinetti $170 mentre il mercato dei criptoasset accoglie il nuovo anno.

Mentre i mercati tradizionali dormivano, Bitcoin ha accolto il nuovo anno con un rally da record. Il leader del mercato dei criptoasset ha raggiunto una serie di nuovi massimi, con prezzi appena sotto i 35 mila dollari nel 12° anniversario dell’estrazione del primo blocco.

L’impennata dei prezzi sembra essere stata guidata da acquisti istituzionali, con 1,2 miliardi di dollari di Bitcoin Pro che sono usciti da Coinbase alla fine della scorsa settimana, suggerendo che i trader con tasche profonde hanno acquistato per investimenti a lungo termine.

Nel frattempo, le classifiche degli altcoin sono state riorganizzate. Mentre l’Ethereum ha superato i 1.000 dollari, Litecoin ha ribaltato l’XRP per diventare il quarto più grande crypto by market cap. Questo segue un altro aspetto ancora più negativo per l’XRP, che questa settimana è sceso del 4% in quanto le piattaforme, inclusa l’operazione statunitense di eToro, hanno cancellato la moneta alla luce della causa della SEC.

I punti salienti di questa settimana

  • L’Etereum riceve un prezzo a cinque cifre
  • Okung inizia a far rotolare la palla dello stipendio Bitcoin

L’Etereum riceve un prezzo a cinque cifre

Mentre il Bitcoin è ora ben oltre il precedente massimo storico di 20 mila dollari, l’Etereum non ha ancora superato il picco del 2018 di 1,4 mila dollari.

Eppure, il secondo più grande crypto potrebbe ora seguire la pista del fratello maggiore. In tarda domenica, Ethereum ha superato la soglia di 1.000 dollari, concludendo una settimana di guadagni di quasi il 40%. Questa pietra miliare arriva esattamente tre anni dopo che lo stesso prezzo è stato superato all’inizio del 2018.

Mentre l’Ethereum ha fatto una rinascita, anche l’intero tetto del mercato dei crittografi ha raggiunto il nuovo massimo storico di 880 miliardi di dollari, superando il precedente record stabilito nel gennaio 2018.

Okung inizia a far rotolare la palla degli stipendi Bitcoin

L’adozione di Bitcoin ha raggiunto un crescendo la settimana scorsa, quando il giocatore della NFL Russell Okung ha detto che riceverà metà del suo stipendio di 13 milioni di dollari in Bitcoin.

Accettando il criptoasset come pagamento, Okung sta convalidando l’asset ad un pubblico completamente nuovo di appassionati di sport. E la sua decisione ha fatto rotolare la palla Bitcoin anche tra gli atleti professionisti. Secondo i rapporti di CoinDesk, gli atleti di due squadre di baseball e basket di New York sono già alla ricerca di un accordo salariale simile.

La settimana che ci aspetta

Mentre Bitcoin esplode attraverso la stratosfera, i commercianti prudenti stanno valutando la possibilità di un ritiro del 30%, proprio come quelli visti nei precedenti raduni di tori.

Una tale mossa potrebbe portare Bitcoin a 24 mila dollari, ma questo potrebbe essere contrastato da una forte pressione di acquisto da parte degli attori istituzionali.

Sulla prima pagina del Financial Times di questo lunedì mattina, un grande logo Bitcoin blu saluta per la prima volta i lettori, segnando un altro momento chiave di accettazione del principale crittografo tra i maggiori attori della finanza tradizionale.

Die milliardenschwere Vermögensverwaltungsfirma Skybridge Capital investiert $182.000.000 in Bitcoin

Anthony Scaramucci’s Multi-Milliarden-Dollar-Investmentfirma SkyBridge Capital hat Berichten zufolge $182 Millionen in Bitcoin (BTC) investiert.

Der SkyBridge Bitcoin Fund LP der Firma wird am 4. Januar an den Start gehen, wobei die Investoren mindestens $50,000 investieren müssen, berichtet CoinDesk.

In einer Investorenbroschüre wirbt die 9,3-Milliarden-Dollar-Vermögensverwaltungsfirma mit den Vorteilen einer Investition in Bitcoin und bezeichnet die Flaggschiff-Kryptowährung als eine aufstrebende Anlageklasse, die jetzt weniger riskant ist, mit wachsendem Interesse von sowohl privaten als auch institutionellen Investoren.

Das Dokument sagt, dass Bitcoin „besser als Gold ist“. Es führt auch an, dass niedrige Zinssätze und „beispielloses Gelddrucken“ zu der Prämie beitragen, die auf knappe Vermögenswerte wie Gold, Kunst, Immobilien und Bitcoin gesetzt wird.

Investitionen in Bitcoin gewinnen unter traditionellen Finanzinstitutionen an Fahrt.

Die Lebensversicherungsgesellschaft MassMutual investiert ebenfalls 100 Millionen Dollar in BTC. Darüber hinaus verkauft die 51 Milliarden Dollar schwere globale Investmentfirma Jefferies Gold für BTC.

MicroStrategy, das größte unabhängige börsennotierte Unternehmen für Business Intelligence, hält nun mehr als 1 Milliarde Dollar in Bitcoin, nachdem es im Laufe des Jahres mehrere Käufe getätigt hat.

Crisis management: Spanish community creates its own cryptocurrency

A smartphone that says cryptocurrency in English lies next to an outstretched Spanish flag on a stone surface.

In order to boost its own economy, the Spanish community Lebrija has issued its own crypto currency to the local population. The „Elio“ is linked to the euro. The ECB should, however, monitor developments closely.

In the Spanish province of Seville, the municipality of Lebrija has chosen a creative approach to the economic consequences of the pandemic. Like the Spanish news agency Europa Pressreported, the city council has decided to issue its own cryptocurrency, the „Elio“. The digital payment method is part of the municipal reactive plan, firmly linked to the euro and is transferred to 593 selected beneficiaries as economic aid. The amount varies between 50 and 200 euros. In addition, the Bitcoin Evolution should also benefit 393 local companies. 400 euros are earmarked for this per company. According to the news agency, 165 stores have already registered on the platform. The City Council’s technical director, David Pérez, says about how it works:

The city council has created a digital wallet for the cryptocurrency Elio, which is pegged to the euro. Users have to download the dedicated app in order to benefit from the advantages of the Elio.

Pepe Barroso, Mayor Lebrijas, adds:

The creation of this virtual currency will ensure that the aid received will be implemented directly in local stores.

Elio as a pilot project for the ECB?

The „Elio“ is primarily intended as an additional tool in the context of economic aid. The cryptocurrency could also play a secondary role. As is well known, the ECB is still in the test phase for a digital euro. A decision is still pending as to whether and, above all, when a digital euro could be introduced. The ECB should therefore follow developments in the cryptocurrency with an eagle eye and incorporate the knowledge gained from this into its evaluations. ECB boss Christine Lagarde sees the possible use of the e-euro as more complementary to the physical counterpart. In a newspaper interview she said:

It could be important in a number of future scenarios, from a decline in the use of cash to preventing the introduction of foreign digital currencies in the euro area.

National cryptocurrency on the rise in China

While the ECB is still evaluating in Europe, China is already one step further. In December, a lottery was repeatedly held in Suzhou City, with 20 million digital yuan being raffled among the population. The lottery consisted of a total of 100,000 packages, each worth 200 digital yuan. All citizens with permanent residence in the east Chinese city were eligible to participate. The winners were able to spend the cryptocurrency at participating stores and online shops at the annual “Double-12” shopping festival.

Do Your Own Research: How to Analyze a Token – Part 1

Before making a crypto investment, a token should be carefully considered. Issues such as token distribution, technology or regulation play an important role here. You can orientate yourself well on the various guidelines for your own due diligence.

DYOR – Do Your Own Research: The ability to do your own research is one of the basic skills that successful investors – whether traditional or crypto-savvy – must bring with them. In the case of ICO investments, the analysis of the token structure plays a major role. In this way, the token of a project can be evaluated more precisely with regard to the technology, the regulatory classification and the intended use case.

As far as classification is concerned, there are different systems, each with different priorities and with different levels of complexity. This series of articles introduces some systems that can help potential crypto investors with their research.

Token Distribution

When starting the analysis of an ICO, a hard fork or the start of a new cryptocurrency, it is worth taking a look at token distribution. Has there been extreme centralization there from the start? If a large part of the tokens will still be with the project after an ICO, the project has the price in hand and can initiate pump-and-dump maneuvers if necessary. The same can be said about pre-mining in the case of hard forks and new cryptocurrencies.

Technical consideration

Technology-savvy people make a distinction according to whether the tokens belong natively to a blockchain or were issued on an already running blockchain. Crypto Engine is the native asset of the Ethereum blockchain, while the Basic Attention Token (BAT), for example, is just one of numerous ERC-20 tokens that do not have their own blockchain, but rather use Ethereum.

So with regard to issues such as scalability or transaction speed, in the case of BAT and other ERC-20 tokens, it should be borne in mind that many different use cases run on the Ethereum blockchain and bottlenecks may arise. On the other hand, the technical analysis of an ERC20 token is easier than in the case of Bitcoin, for example, since the underlying smart contract is often written in Solidity and is therefore easier to check.

External factors: regulation

However, there are also approaches that are based less on the underlying technology than on regulation. The Federal Association of Blockchain makes this distinction:

Cryptocurrencies are primarily used as a means of payment. Bitcoin is a good example of this.

Utility tokens have a specific function beyond their use as a means of payment. A good example of this is Ethereum, a cryptocurrency that, thanks to smart contracts, can be used for significantly more things than for payment purposes.

Security tokens are similar in shape to securities. In other words, they correspond to shares, so that rights of participation and / or dividend payments are possible. Examples of this are tokens, the mere possession of which leads to a further distribution, such as NEO.

This distinction is important for investors, as regulatory bodies view the three token forms differently. The consideration as a security, which occurs with security tokens, is relevant under tax law. In addition, this classification entails special regulatory requirements for organizers of an ICO.

Afronding van de Decentrale Financieringssaga’s van 2020

  • 2020 heeft zijn aandeel gehad in de schandalen, saga’s en soap opera’s van DeFi.
  • De decentrale financiering heeft in 2020 een lange weg afgelegd in een korte tijd.
  • In 2021 zullen er waarschijnlijk nog veel meer nieuwe en „slimmere“ protocollen ontstaan.

Wil je meer weten? Word lid van onze Telegramgroep en krijg handelssignalen, een gratis handelscursus en dagelijkse communicatie met cryptofans!

Het Trust Project is een internationaal consortium van nieuwsorganisaties dat standaarden voor transparantie opbouwt.

Decentrale financiering (DeFi) is de katalysator geweest voor het momentum van de crypto-markt in 2020, maar niet alles is soepel verlopen voor de embryonale industrie. Met talloze Bitcoin Revolution nieuwe producten en penningen, en grotendeels ongeteste slimme contracten en code, zijn er op zijn zachtst gezegd een paar ups en downs geweest.

Van flitsleningen tot tapijttrekkingen tot oplichterij, hacks en crypto-tribalisme, 2020 heeft zijn eerlijke aandeel gehad in DeFi-schandalen, saga’s en soap-opera’s. We zullen de grootste hier samenvatten en een blik werpen op wat de sector in 2021 te wachten staat.

Het vroege begin van DeFi

Aan het begin van 2020 was de totale waarde vergrendeld (TVL) over alle DeFi-protocollen slechts 680 miljoen dollar, volgens DeFi Pulse. Tegen het einde van het jaar waren er negen individuele protocollen met meer dan dat bedrag aan onderpand opgesloten, waarvan vijf meer dan een miljard dollar in TVL.

Het totale bedrag aan vergrendeld onderpand bereikte 15 miljard dollar in 2020, een monumentale stijging van 2.100 procent, sinds begin januari. DeFi-gerelateerde penningen zijn de best presterende van dit jaar geweest, hoewel velen de afgelopen maanden zwaar hebben gecorrigeerd.

Net als bij de hoogconjunctuur van 2017 – 2018 zullen sommigen overleven en blijven groeien, terwijl de meerderheid zal wegzakken en in de vergetelheid zal raken. Er zijn immers maar zo veel voedselgeoriënteerde boerenbassins nodig.

De eerste grote hik voor DeFi kwam in februari, toen het uitleen- en margehandelsprotocol bZx het eerste serieuze slachtoffer werd van 2020, met twee flitsleningen die resulteerden in het verlies van bijna 1 miljoen dollar aan gebruikersfondsen.

De heldendaden genereerden een crescendo van kritiek van DeFi-tegenstanders en bitcoin (BTC) maximalisten, die op dat moment beweerden dat het hele ecosysteem een oplichterij was en gecentraliseerd werd.

Maartse markt chaos

Het DeFi-ecosysteem leed zwaar in maart, toen de wereldwijde financiële markten in het kielzog van de covid-19-pandemie smolten. Cryptocurrency’s kelderden, en DeFi onderpand dumpte 50 procent toen beleggers in paniek raakten, hun leningen liquideerden en hun belangen verkochten.

De toonaangevende protocol op het moment, Maker, leed slecht in de Zwarte Zwaan gebeurtenis die resulteerde in de massa-liquidatie van de overgrote meerderheid van de kluizen, wat resulteerde in ongeveer $ 4 miljoen in DAI wordt onder-collateralized en veel beleggers verliezen hun fondsen.

In april en mei volgden nog enkele hacks, toen imBTC en dForce werden aangevallen, en in juni leed Bancor aan een slimme contractexploitatie.

DeFi-markt momentum werd gekatalyseerd door Compound Finance, dat was het eerste protocol om te schoppen uit de liquiditeit landbouw razernij die zou domineren de komende drie maanden en leiden tot veel gekte en een aantal saga’s in de beginnende industrie.

Op de eerste dag van de handel, het protocol COMP token werd de meest waardevolle DeFi-activum, waardoor het een markt GLB „eenhoorn,“ als het bereikte een miljard dollar. De beschuldigingen van marktmanipulatie, waarbij een van ’s werelds grootste gecentraliseerde beurzen betrokken was, werden ongeveer geboeid door de beurzen die de heetste munt van DeFi op een rijtje zetten. Coinbase, die in 2018 in Compound Finance investeerde, had destijds een vrij grote invloed op de koersrichting.

Tegen het einde van het jaar had de penning echter meer dan 50 procent gedumpt, omdat andere smaken het hadden gebruikt en het protocol van de TVL-lijst viel.

De klonenoorlogen stonden op het punt te beginnen en anonieme codeurs begonnen met het dupliceren van open source-slimme contracten om hun eigen DeFi-landbouwprotocollen te lanceren, met wisselend succes.

Yam Finance schopte de DeFi-dubbelganger van de voedselproductie, die ertoe zou leiden dat miljarden dollars in crypto onderpand zouden worden verschoven van protocol naar protocol, omdat ontaarde boeren (of degens als ze bekend werden) de volgende snelle bok opjaagden.

Bitcoin slår et større akkord; Treffer $ 20.700 pr. Enhed

Bitcoin har gjort det. Valutaen har skudt ud over $ 20.000 pr. Enhed, og aktivet er nu større, end det nogensinde har været i sin korte, men alligevel fantastiske historie.

Bitcoin-prisen er steget til et nyt niveau
Valutaen handles i øjeblikket for mere end $ 20.700. Det er en stigning på cirka $ 1.200 fra 24 timer siden, og mange analytikere glæder sig over tanken om, at valutaen har fulgt deres forudsigelser. Mange troede, at $ 20K kunne opnås, før året var slut, og det ser ud til, at de havde ret.

Valutas nuværende spring er stort set drevet af institutionel magt snarere end detailhandlere eller individuelle forhandlere. Dette er den største forskel mellem nu og hvad der skete for cirka tre år siden i 2017. I denne periode steg valutaen til mere end $ 19.000 i december måned. Mange troede, at dagens cryptocurrency-volatilitet var væk, da det ikke kun var BTC, der klarede sig godt i denne periode.

Mange mindre altcoins, såsom Ethereum, bitcoin kontanter, Ripples XRP og Litecoin formåede også at ramme store tal, der aldrig igen er blevet replikeret. For mange handlende var tingene endelig modnet, og kryptorummet beviste for verden, at det var stort og stærkt nok til at holde fast.

Desværre var dette ikke helt tilfældet, da mindre end 50 dage senere var verdens største digitale valuta efter markedsværdi faldet langt under $ 10.000 og derved mistede mere end halvdelen af ​​sin værdi. Cirka ni måneder senere, inden november 2018, havde valutaen mistet ca. 70 procent af sin værdi og faldt til midten af ​​$ 3.000-området. En enhed af BTC handlede for omkring $ 3.500.

Men det var ikke kun bitcoin, der bidte støvet. Flere af verdens ekstra altcoins var også faldet i sværd. Det tog cirka fem måneder for kryptorummet at begynde at vise tegn på at reparere sig selv, hvor bitcoin endelig ramte $ 5.000-market igen i april måned det følgende år. På trods af en solid sommer kunne verdens primære kryptokurrency imidlertid ikke gå ud over $ 7.000 prisklasse, når 2019 var forbi. Selvom året gik bedre end de foregående 12 måneder, var folk stadig ikke overbeviste om, at bitcoin og dets digitale fætre var kommet sig.

Mange virksomheder støtter det
Denne gang ser tingene anderledes ud. Aktivet ramte $ 10.000-marken for anden gang i år – den første var i februar – i juli, og for det meste har det været på en jævn tyrekørsel lige siden. Omstændighederne ser anderledes ud denne gang, da det ikke kun er individuelle detailhandlere, der bliver involveret i bitcoin.

Snarere ser mange virksomheder og institutioner det nu som et værdibud, der kan holde deres formue stabil i stridigheder. Virksomheder som MicroStrategy har investeret hundreder af millioner i BTC, og denne type støtte ser ud til at give valutaen det langvarige løft, det har brug for for at holde sig flydende.

And the bears are left completely destroyed

New all-time high for Bitcoin! And the bears are left completely destroyed

  • Bitcoin is officially trading at a new all-time high. The cryptocurrency’s price even climbed above $23,200 this morning before losing some momentum and remaining just below that level.
  • Where the cryptocurrency is headed in the medium term is likely to depend largely on whether or not it can convert this momentum into another parabolic uptrend.
  • One trader thinks this is very likely – in his opinion, it could be triggered by an imminent short squeeze.
  • The breakout above $20,000 has underwatered just about every bear in bitcoin history. Now BTC is entering uncharted territory as the world sees its first $20,000+ bitcoin.
  • The coming days should give investors some serious insights into where the entire market is headed in the coming days and weeks.

Bitcoin is officially trading at the highest prices it has ever seen, with Crypto Investor prolonged consolidation below $20,000 eventually leading to an explosive move higher.

Where the cryptocurrency is headed in the medium term is likely to depend largely on whether it can maintain its current momentum, as it now needs to build support between its current price and the lower $20,000 region.

The massive amount of underwater short positions seems to indicate that we could be in for an uptrend in the coming days – if the bears capitulate and close their underwater positions.

Bitcoin breaks new ground: BTC price breaks $20,000

Currently, Bitcoin is trading at the $22,600 level, which is roughly where it has been trading in the last few hours, with selling pressure in the upper $20,000 region proving significant.

It is important to note that the breakout above $20,000 appears to be leading to a short squeeze, leading to further upward pressure.

Every bitcoin bear is currently „underwater“

Apart from the bears who have shorted $20,800, virtually every bitcoin short-seller is currently underwater.

The massive amount of short orders scattered in the upper $19,000 region are all likely to be liquidated or about to be, which could lead to a squeeze that sends BTC soaring. One trader comments:

„Everyone who has ever gone short in the entire history of Bitcoin is now underwater. Congratulations, dear bulls.“

The coming days should shed light on where the new support and resistance levels will be set.

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 Future 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.