„Bitcoin can replace gold“ – CIO of the world’s largest asset manager BlackRock via BTC

Bitcoin and gold bars are more similar than expected. You can use them to protect your savings from inflation.

BlackRock is the largest asset manager worldwide. All those who also invest in ETFs are probably familiar with the well-known BlackRock products, which run under the name iShares. In a recent interview with CNBC, BlackRock CIO Rick Rieder spoke about Bitcoin Legacy and Gold. In this article we will look at his bullish statements together.

According to BlackRock CIO Rieder, Bitcoin can replace Gold

Our article is based on an interview with BlackRock CIO Rick Rieder on CNBC Squawk Box.

Squawk Box published parts of the interview via Twitter, which clearly shows how the BlackRock CIO thinks about Bitcoin. Rieder strikes enormously bullish tones and confirms beyond doubt that he sees Bitcoin as the winner in the duel Bitcoin vs.

„It’s hard to say whether it’s [#btc] worth the price it is trading at today. But do I think it is a durable mechanism that-do I think could replace gold to a large extent? Yeah I do, because it’s so much more functional,“ says BlackRock’s Rick Rieder.

Peter Schiff will certainly not like this statement. For Rieder said literally:

Do I think Bitcoin can replace gold to a certain extent? – Yes, I think so, because so much is more functional.

Crypto currencies and BTC have come to stay

Anyone who has read the above passage will also find that Rieder makes no concrete statement about a fair valuation or a fair Bitcoin price.

For example, the Black Rock CIO said that he did not know whether the current Bitcoin price was fair. However, he knows that your durable mechanism is behind Bitcoin and that BTC is more functional than gold.

During the interview, Rieder supports his opinion with the technology affinity of the younger generation. He points out that digital payment systems are „real“ and that Millenials in particular perceive crypto-currencies differently than older generations.

I think that crypto currencies are here to stay. Digital currencies and Millenials‘ perception of them is real.

So let’s keep in mind that the Chief Investment Officer in the Global Fixed Income division of the world’s largest asset manager BlackRock has been positive about Bitcoin. With this, Rieder is obviously signaling to many market participants that BTC can be a serious substitute for gold, thus also underlining the narrative of Bitcoin as a store of value.
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Bitcoin (BTC) surpasses the $15,000 mark – A first in almost 3 years

The price of Bitcoin (BTC) has just passed the $15,000 mark, a first since January 2018. Is the queen of the cryptomoney industry about to repeat the feat of reaching $20,000? Engaged in a bull run, nothing seems to be able to stop Bitcoin’s progress.

Bitcoin (BTC) breaks through the $15,000 mark

How far will it go? Bitcoin (BTC) impresses, as always. It has just passed the $15,000 mark again today, a threshold it hadn’t seen since January 2018, nearly three years earlier.

Over the last 24 hours, a bullish momentum has taken hold of Bitcoin, causing its price to rise by nearly 8%. Over the last 30 days, its progression has been just as dazzling, with Bitcoin having climbed by nearly 43%.

This movement crowns an already busy day for Bitcoin, which was trading below $14,000 only 24 hours ago.

If we look at its performance since the crash of mid-March 2020, Bitcoin is a real spectacle. Since it hit $3,800 on Black Thursday, the day of the generalized fall of the financial markets, those who bought at that time have theoretically offered themselves a return of +305%:

At the time of writing, Bitcoin Trader is trading around $15,200, and the volumes of its spot markets over the last 24 hours have reached $4.6 billion according to Messari data.

On the futures side of the Bitcoin market, the effect of its bull run is even more pronounced. The platforms together account for nearly $33 billion in volume for Bitcoin. Binance leads with 9.66 billion dollars, followed by Huobi with 6.76 billion dollars:

Bitcoin Contrats à terme

Volumes des contrats à terme sur Bitcoin ces dernières 24 heures – Source : Skew

At the same time, Bitcoin is now setting another record. Bitcoin has been trading above the $10,000 mark for 100 consecutive days. The previous record was 62 days, set between December 2017 and January 2018.

An increase that does not only make people happy

Unfortunately for some, this break in the $15,000 does not bode well. Across all platforms, many traders who have bet on Bitcoin’s decline are biting their fingers.

Notably on the BitMEX exchange, where $54 million in short orders have been liquid in recent hours :

Liquidation sur BitMEX ces 14 derniers jours

Liquidations sur BitMEX ces 14 derniers jours – Source : Skew


And what about the altcoins? Even if for the last few hours the altcoins have been on the rise again, it should not be forgotten that they had been in constant fall for the last few days, recovering for the majority of the supports of long date.

At the moment, the situation differs of course from the „alt season“ of 2017, a period during which most of the altcoins followed the upward trend of the Bitcoin.

But the situation also differs on another point. What if the current bull run allowed Bitcoin to reach levels that it has never known before? Yes, the $20,000 of 2017 is not the $20,000 of 2020 (or 2021).

In 3 years, Bitcoin has matured considerably, especially with institutional investors. Now, none of them can ignore the importance of Bitcoin in the financial landscape, it has even made a place for itself in the treasury of large American companies.

Everything now looks promising for the future. Let’s go for the $20,000! 🚀 #HODL

O WBTC responde por mais de 78% do fluxo do DeFi Boom ao Bitcoin Price

Bitcoin no Ethereum continua a crescer a um ritmo recorde. Existem atualmente quase 150 mil BTC (no valor de quase 2 bilhões de dólares) na cadeia de bloqueio do Ethereum.

„A DeFi transformou o Bitcoin em algumas das melhores garantias do mundo“, disse à Bloomberg Bill Noble, analista técnico chefe da Crypto Researcher Token Metrics. „Agora, você tem algo mais a ver com sua Bitcoin além de vendê-la“.

Wrapped Bitcoin (WBTC) é o maior contribuinte para conseguir o token BTC na cadeia de bloqueio Ethereum e torná-lo parte da financeira descentralizada (DeFi).

Com 117.183 BTC, o WBTC responde por 78,4% do total de Bitcoin no Ethereum. No total, cerca de 0,6% de todo o Bitcoin cunhado é embalado através do WBTC, onde um investidor deposita seu ativo digital com o custodiante BitGo.

„O WBTC significou que há mais fluxo do boom DeFi para o preço do BTC“, disse Sam Bankman-Fried, diretor executivo da Alameda Research.

„Isso também significa que o BTC ainda tem um lugar em um possível futuro centrado na DeFi“.

A Alameda é um dos maiores fornecedores do WBTC para os comerciantes. Ela forneceu mais de 28.400 WBTCs em setembro, contra apenas 26 WBTC em julho.

Em termos de valor total bloqueado (TVL), o WBTC é o terceiro maior projeto de DeFi a US$ 1,5 bilhões de TVL, depois de Maker e Uniswap.

Recentemente, a capitalização de mercado da Wrapped Bitcoin atingiu seu máximo histórico e se tornou a sexta maior ficha no Ethereum depois da Crypto.com Coin (CRO), USD Coin (USDC), Chainlink (LINK), BNB (BNB), e Tether USD (USDT), que captura a primeira posição.

„Nos últimos anos, os sintéticos de bitcoin incharam para quase 5% do BTC flutuante (leia-se: não perdido)“, que envolve Grayscale (450k+ BTC), WBTC, CoinShares (65k+ BTC), outros BTC marcados no Ethereum como renBTC,tBTC, nad sBTC (25k+BTC), observou Ryan Selkis de Messari.

„ETPs + Ativos Embrulhados poderiam ser 25%+ dos ativos da rede em mais alguns anos“, acrescentou ele.

No entanto, isto poderia impactar a segurança da maior rede eventualmente como mineiros que protegem a rede podem fazer uma troca para apoiar o Ethereum ou outra rede para ganhar mais do que ganhariam em Bitcoin devido às baixas taxas.

Przed ostatnimi wyborami prezydenckimi cena Bitcoina wynosiła zaledwie 700 USD

Czy w sondażach Trump zmierzy się z Bidenem, czy Bitcoin odczuje wstrząs wtórny?

Czas wyborów! Bitwa pomiędzy „ Śpiącym ” Joe Bidenem i „ Małymi dłońmi ” Trumpem będzie toczyć się dziś wieczorem w wyborach, a być może na sądach w nadchodzących tygodniach. Ale co to robi z Bitcoinem i jak wypadają wybory w 2020 roku do ostatnich wyborów?

Cena Bitcoin Code w dniu wyborów wynosi 13,685 USD, według serwisu metryk CoinMarketCap, co oznacza wzrost o 1,82% w ciągu ostatnich 24 godzin.

5 najważniejszych wiadomości i funkcji kryptowalut w Twojej skrzynce odbiorczej każdego dnia.
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Dołącz teraz

W noc wyborczą 2016 r., Kiedy prezydent Trump pokonał „ Crazy / Crooked / Lyin ‚ ” Hillary Clinton, cena jednego bitcoina wyniosła 700 dolarów. Po zwycięstwie Trumpa Bitcoin wystrzelił do 735 $. To 18- krotny wzrost ceny Bitcoin w ciągu ostatnich czterech lat.

A co powiesz na 2012 rok, kiedy „ Cheatin ” Obama pokonał „ Choke-artist ” Mitt Romney? Dane są mgliste, ale Bitcoin był wart około 11,2 USD w październiku i 12,56 USD w listopadzie według Statista. Dla tych, którzy „powinni kupować Bitcoin dawno temu”, tak, to jest 1000-krotny wzrost jego ceny od czasu drugiej kadencji Obamy.

Dlaczego rynki prognoz i ankiety różnią się pod względem kursów wyborczych Trumpa

Zgodnie z modelem prognozowania wyborów The Economist, prezydent Trump ma zaledwie 4% szans na ponowne wybranie. Ale na platformie prognostycznej Polymarket opartej na Ethereum będzie cię to kosztować 0,3 USD

Co więcej, ogromne różnice w cenach pokazują, jak wiele może się zmienić między wyborami.

Podczas gdy Ameryka testuje podstawy swojej demokracji w tym miesiącu, tak samo handlowcy Bitcoinami testują nowe ceny. W zeszłym miesiącu cena Bitcoina wzrosła z około 10500 USD na początku miesiąca do maksimum nieco ponad 14000 USD w weekend.

Wiele osób uważa, że ​​Bitcoin nie jest skorelowany z wydarzeniami na świecie: tak zwana teoria „bezpiecznej przystani”. Jako klasa aktywów, którą inwestorzy przedstawiają jako izolowaną od wydarzeń politycznych, czy pozostanie ona niewzruszona wyborami?

Tylko karty do głosowania powiedzą – chyba że Trump lub Biden zakwestionują je.

BTC trader surprised: 3 reasons for Bitcoin drop by 2 percent

The Bitcoin price has fallen by 2 percent within an hour and traders did not expect it. 3 reasons for the decline.

Bitcoin ( BTC ) price fell 2 percent in less than an hour on November 2. Traders were surprised by this. The CME Bitcoin futures market opened with a new gap, making $ 13,100 an interesting area for sellers.

Three technical reasons contributed to the abrupt decline in Bitcoin’s price. CME Gap, Key Resistance, and Monthly Moving Averages (MAs).

There are now four CME Bitcoin futures gaps

The CME bitcoin futures market is closed on weekends and public holidays. That means that if BTC rises or falls sharply these days, there will be a gap between CME and cryptocurrency exchanges.

While there is no comprehensive theory as to why traders fill CME futures gaps , historically most of the CME bitcoin gaps have been filled.

Bitcoin has seen a strong rally since October . Over the weekend, the BTC volume tends to decrease and the market becomes less active. However, in the past few months, BTC has grown steadily without any decline in volume.

As a result, this resulted in four CME gaps in a row. Every weekly candle in the past month created a new CME gap, which is rare for Bitcoin. This means that even on the weekends, BTC moved so fast that new consecutive gaps appeared.

The gaps are at $ 13,100, $ 12,970, $ 11,505, and $ 11,100. These areas could be of interest to sellers. The range between $ 12,970 and $ 13,100 is an important area in terms of moving averages.

The next short-term monthly moving average for Bitcoin is below $ 12,500

On the Bitcoin monthly chart, the next short-term moving average is the 5-day moving average at $ 12,203. Throughout history, even in bull phases, at least one short-term moving average has been reached on the monthly chart before a rally resumed.

Bitcoin has rallied rapidly since early October, rising more than 25 percent from $ 11,775 to $ 13,500. The pace of the rise meant that BTC was unable to establish clear support levels on the longer time frames.

For the past two months, Bitcoin has repeated the rally pattern, followed by a brief period of consolidation. This provided clear levels of support and resistance on the daily chart and made the rally sustainable compared to previous ones.