What do the big investors think about the current price of Bitcoin?

New research released by Bank of America and Deutsche Bank reveals investment markets‘ impression of the Bitcoin moment.

Two surveys released separately by Deutsche Bank and Bank of America revealed the perception of major global investment managers about the Bitcoin (BTC) boom, as reported by the newspaper O Globo.

Analyst suggests ‚imminent‘ collapse and BTC closing the month above US$48,000

The largest cryptomeda has experienced a long period of appreciation since the crash of March 2020, when the coronavirus outbreak and the onset of the global economic crisis brought Bitcoin to US$4,000.

Ten months later, cryptomoeda recorded a new historic high of US$ 42,000 still in January and today costs US$ 37,000, an appreciation of over 900%.

The reasons for Bitcoin Legacy long rise are many, from halving that put more pressure on the production of cryptomoeda to the beginning of the institutional race in 2020, something that was seen as a trend for the new year. In addition, the issue of trillions of dollars, with the increase in inflation and the devaluation of the national currencies, also constibuted to the soaring.

Bitcoin also began to rival gold, historically an asset of economic protection, as an alternative protection against inflation, in addition to investment.

Pay attention‘ – Grayscale adds 18x the supply of Bitcoin extracted in one day

In the published researches, the financial market is reticent when it comes to the brief future of cryptomeda. In the Deutsche Bank report, half of the managers who responded to the survey believe that Bitcoin is experiencing a bubble phase.

For the next 12 months, the managers consider that the largest cryptomoeda is more likely to have a crash, losing half of its value, than having one shot that leads it to double its price.

Besides this perception about Bitcoin, investors also consider that the shares of Tesla, the billionaire Elon Musk, lives in a period of bubble, about to burst. Over the course of 2020, the shares of the Musk company registered a valuation of over 700%.

On the other hand, Bank of America’s survey revealed that the purchase of Bitcoins has become the main strategy of managers, taking the place of technology shares for the first time since October 2019.

Despite the good news, investors are not optimistic. According to them, the current valuation is a „herd effect“ and is subject to sudden drops.

Bitcoin leaves national currencies ‚eating dust‘, appreciates 56% in a month and is the currency that rose most against the dollar in the world.

Bitcoin’s current consolidation phase in the last two weeks, with part of the traders defending that the correction is healthy and can sustain a new bullish period. Others, however, say that the cryptomoeda may fall to $ 27,000 and enter a bearish market after more than a year in a high trend.

Is Bitcoin futuremarkt Bakkt naar de beurs? Merger of $2 billion can make that happen

The bitcoin future platform is possibly going to the fair. There is a $2 billion merger in the air and as a result Bakkt could become publicly tradable.

The trading platform is largely owned by Intercontinental Exchange. The rumours about an IPO of Bakkt stem from the possible merger with VPC Impact Acquisition Holdings.

The origin of the rumour

Yesterday Bloomberg claimed in a publication quoting anonymous sources that Bakkt is already at an advanced stage of negotiation. The article predicts that the merger can be announced as early as next week.

The sources estimate the value of Bakkt after the merger with the entity in question to be around $2 billion.

VPC Impact is a company that has a short line with Victory Park Capital, an SEC registered investment firm. Chief executive John Martin describes VPC’s strategy as looking for partners to help the business grow in the fintech sector.

Now it has identified Bakkt as a company that fits within that strategy.

Shortly after launch Bakkt will go public

Bakkt launched in 2019 and focuses on institutional investors. Before the company launched, expectations in crypto code scam were high.

Initially, the trading volume on the platform was disappointing and the bitcoin surge expected by some remained. Nowadays the volume on Bakkt is very high.

Last week the trading platform recorded a volume of $286 billion. A funny fact is that the CEO of Bakkt is Senator Kelly Loeffler. He lost the Georgia elections earlier this week. Which once again shows that bitcoin is also nestling in ever higher political circles.

With the current price explosion and all the developments in the industry, the risk of bitcoin ever disappearing seems to be getting smaller. More and more people understand that bitcoin is not an enemy, but a friend of our future prosperity.

Consequences for XRP? Ripple-Backed Cryptocurrency Flare Announces Litecoin Airdrop

Ripple’s XRP’s late spike in 2020 was due in part to a massive airdrop of Flare (FLR) tokens. Now the smart contract solution also offers support for Litecoin (LTC). A FLR Airdrop for Litecoin users is in the works.

XRP wallets included in the December Snapshot receive the Flare Token (worth a lot of money, at least potentially).

Now Flare writes that they will „reduce“ the number of flare tokens for the founders of the project by 5 billion. This extra will be distributed to „Litecoin participants“.

The tweet promises to be clarified in the coming week.

Flare for airdrops

Tokens on the Flare network, known as Spark, will be used for governance and collateral after the expected token drop in Q2 2021. The company plans to bring smart contracts to Ripple’s XRP.

So far, Ripple has been seen as a vehicle for transferring money – and Flare claims that the Spark tokens will add value.

With this tweet, the company is now announcing something that was rather unexpected: that the network will support other cryptocurrencies in addition to Ripple’s XRP, namely Bitcoin Formula.

Flare received a huge amount of press and hype upfront. However, the company also calls its FLR tokens XFLR tokens (for XRP) on their website. There can also be LFLR tokens for Litecoin. And it may not end there.

Flare could add support for other currencies

According to Flare, they want to support other networks in the future, but that was hardly considered. Support for, say, the Bitcoin network could have a big impact.

Smart contracts and Ethereum competition

The short version of Flare’s purpose is to enable smart contracts on protocols that don’t have them built in. Flare is powered by Ripple’s XRP, and the airdrop on most XRP-holding wallets puts flare in the spotlight.

There has been a huge amount of interest in Ethereum over the past few weeks, and since it’s the tried and tested and secure smart contract chain, that’s no surprise. The number 2 of cryptocurrencies could attract new investors who feel that they have „missed the boat“ with Bitcoin, many analysts see an increase to over $ 10,000 (Get in now? Buy Ethereum here with PayPal instructions).

But the technology behind Ethereum’s value is the smart contracts. Although there are many other similar protocols that are potential competitors (DOT, ADA, EOS), Ethereum is still at the top.

However, if other networks (like XRP or LTC) could support smart contracts, that would make them more attractive. If these protocols could be interoperable over the Flare network, that would be a coup for Spark tokens (Flare hasn’t indicated they have any plans for that).

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Jack Dorsey , o CEO da Square e do Twitter, não é fã de nenhuma regulamentação de criptomoeda .

Jack Dorsey não é a favor de novas regras de criptografia

Isso faz sentido, considerando que a Square, uma de suas empresas, comprou recentemente cerca de US $ 50 milhões em bitcoin há alguns meses para se tornar uma das primeiras empresas institucionais a apoiar abertamente o bitcoin e deter uma participação tão grande nele. É provável que Dorsey não queira sofrer por esta compra.

No entanto, em uma carta aberta à Financial Crimes Enforcement Network (FinCEN), Dorsey parece criticar essas regras recém-descobertas, visto que elas potencialmente prejudicam a privacidade das pessoas e que acabariam por dificultar a aplicação da lei financeira no longo prazo.

As regras às quais ele se refere foram inicialmente introduzidas na época do Natal . Eles propõem que qualquer pessoa envolvida em uma transação de criptografia no valor de aproximadamente US $ 3.000 ou mais teria suas identidades – incluindo seus nomes e endereços – enviadas aos legisladores para que pudessem ser devidamente examinadas. A ideia é garantir que nenhum crime de criptografia ocorra e, se ocorrer, potencialmente tornaria mais fácil localizar e investigar.

Dorsey é contra isso, afirmando em sua carta:

Se a proposta fosse implementada conforme escrita, a Square seria obrigada a coletar dados não confiáveis sobre pessoas que não optaram por nosso serviço ou não se inscreveram como clientes.

Ele explicou ainda que as regras fazem pouco para impedir os crimes financeiros tradicionais e, em vez disso, visam desnecessariamente aqueles envolvidos em transações criptográficas:

A incongruência entre o tratamento de dinheiro e criptomoeda sob a proposta da FinCEN inibirá a adoção de criptomoeda e invadirá a privacidade dos indivíduos … Se a mãe de um cliente da Square oferecer à sua filha $ 4.000 em dinheiro físico e a filha depositar esses fundos em um banco, o banco teria nenhuma obrigação de coletar informações sobre a mãe do cliente. De acordo com a proposta, se essa mesma transação fosse concluída em criptomoeda, o banco teria que ir além do relacionamento com o cliente e invadir as informações privadas da mãe para que a filha pudesse depositar e acessar livremente seu presente.

O verdadeiro problema aqui na mente de Dorsey é que isso enviaria agentes da lei em várias perseguições de ganso selvagem por indivíduos que não fizeram nada de errado, e ele teme que muitas pessoas, como meio de evitar que sua privacidade seja invadida, acabem recorrendo a canais não regulamentados para escapar da detecção, o que poderia colocá-los em perigo real de outros criminosos no futuro.

Ele ainda mencionou:

Embora seja absurdo para o FinCEN impor regulamentos que resultem em menos visibilidade das atividades que procura monitorar, isso é exatamente o que a proposta faria … Conforme escrito, esses regulamentos só resultarão em minar os objetivos declarados da proposta.

MicroStrategy ønsker at tilbyde $ 400 millioner i konvertible noter for at købe mere Bitcoin

MicroStrategy annoncerede forslaget om et privat tilbud på $ 400 millioner konvertible seniornoter med den hensigt at købe endnu mere Bitcoin (BTC)

MicroStrategy kaster meget Bitcoin, og det kommer efter mere. Virksomheden afslørede netop, at det er på udkig efter finansiering til at erhverve en ekstra stash af Bitcoin.

Virksomheden delte oplysningerne i en officiel meddelelse på sit websted den 7. december 2020. Ifølge pressemeddelelsen ville MicroStrategy overveje et privat tilbud på $ 400 millioner i konvertible seniornoter med ideen om at øge sine Bitcoin-reserver:

MicroStrategy har til hensigt at investere nettoprovenuet fra salget af sedlerne i bitcoin i overensstemmelse med sin Treasury Reserve-politik i afventning af identifikation af behov for driftskapital og andre generelle virksomhedsformål.

MicroStrategy leder efter måder at få mere Bitcoin på

Konvertible sedler er pengebrev, der udover gæld kan bruges til yderligere formål som investeringer, køb og handler. Forskellen mellem konvertible sedler og vaniljesikringsbeviser er, at indehavere kan modtage yderligere fordele såsom en rentesats og pantet i den underliggende sikkerhed (hvis relevant)

MicroStrategys sedler udløber i december 2025, og selskabet vil være i stand til at købe sedlerne kontant i december 2023. Noteindehaverne modtager renter to gange om året den 15. juni og 15. december hvert år, der begynder den 15. juni 2021.

Meddelelsen kommer kun to dage efter, at MicroStrategy købte $ 50 millioner i Bitcoin til en pris på ca. $ 19.427 pr. Token, i alt 2574 BTC. Desuden følger denne meddelelse to køb på næsten $ 500 millioner et par måneder tidligere.

Virksomheden har i øjeblikket 40.824 bitcoins under ledelse. For at sætte ting i en sammenhæng repræsenterer dette beløb næsten 0,2% af alle bitcoins, der nogensinde eksisterer, 0,22% af den samlede bitcoin i omløb i dag og næsten 0,3% af de samlede tilgængelige bitcoins – eksklusive dem, der for evigt er tabt ifølge estimater fra Unchained Kapital i 2018.

Hvor længe kan “MicroStrategy-effekten” vare?

Selvom det er risikabelt, vil bevægelsen repræsentere en stærk tilslutning til Bitcoins karakter som en rentabel investering. MicroStrategys beslutninger har hævet sin værdi med næsten 100%, hvilket forårsager en lignende effekt på Bitcoins pris.

Men hvor længe kan denne symbiose vare? Et nedbrud som det, der opstod i 2018, kunne medføre alvorlige problemer for virksomheden, hvis det sker på et hvilket som helst tidspunkt i løbet af de næste 5 år. Men for nu tager markederne ting med optimisme. Crypto Fear & Greed-indekset er på et højdepunkt siden lanceringen, hvor investorer er 95% grådige, hvilket viser, at investorer i et stærkt bullish humør, selvom BTC er tæt på sin ATH.

Michael Saylor, administrerende direktør for MicroStrategy, delte meddelelsen på sine sociale medier, og Crypto Twitter holder tilbage for at svare. Memes, sjove tweets og overraskelsesudtryk oversvømmede hurtigt Saylors tidslinje.

Og der er en grund til en sådan entusiasme: mange kryptoindflydende hævder, at institutionelle investeringer er en nøglefaktor mod global krypto-adoption … og værdiansættelse.

Mastermind behind Indian crypto fraud project arrested at Delhi airport

The Indian man is said to have defrauded investors with a fraudulent cryptocurrency by 25 million rupees.

A 60-year-old man was on Thursday at the Indira Gandhi International Airport in Delhi arrested .

He is accused of being the mastermind of a 25 million rupee ($ 340,000) crypto fraud project

Former jewelry and postcard maker Umesh Verma was arrested by the Delhi Police Department’s Economic Crimes Division after returning to India from Dubai.

Verma and his son Bharat are believed to have persuaded hundreds of people to invest in a fraudulent crypto project called Pluto Exchange, which has promised monthly returns of 20-30%.

To this end, the project issued a supposed “cryptocurrency” called Coin Zarus, which investors bought in return for their investments. Shortly after the pyramid scheme started operating in November 2017, however, no more returns were paid out and Verma disappeared from the scene. In 2018 he reappeared in Dubai.

The Delhi Police filed a money embezzlement charge against Verma in September 2020, on the basis of which he was arrested on New Year’s Eve

According to a report in the Hindustan Times, the Pluto Exchange had also launched India’s first trading app for cryptocurrencies, which supposedly allowed Bitcoin ( BTC ) to be traded via smartphone.

Verma was already in custody for gold smuggling in December 2017, but this is not related to the current case.

The legal use of cryptocurrencies is currently still in a difficult position in India, because although the Indian Constitutional Court lifted a possible crypto ban by the country’s central bank in 2020 , many investors still see considerable hurdles for entering the crypto market.