Bitcoin- und XRP-Wale tauchen am Ende der Woche in Scharen auf.

Am Freitag bewegten zwei BTC-Wale insgesamt 29.217 BTC im Wert von etwa 564,2 Millionen Dollar. Beide Transaktionen schickten Bitcoin von einer Brieftasche unbekannter Herkunft in eine andere.

Keine der fraglichen Adressen hat irgendwelche bekannten Verbindungen zu Krypto-Inhabern, Verwahrungsplattformen oder Börsen.

  • 7.371 BTC im Wert von 143 Millionen Dollar von unbekannter Brieftasche an unbekannte Brieftasche geschickt
  • 21.846 BTC im Wert von 421,2 Millionen Dollar von unbekannter Brieftasche an unbekannte Brieftasche geschickt

Auch die XRP-Wale sind in Bewegung. Im gleichen Zeitraum schickten große Besitzer der drittgrößten Kryptowährung insgesamt 634.610.356 XRP im Wert von etwa 372,7 Millionen Dollar. Die größte Einzeltransaktion schickte 450.094.745 XRP im Wert von 265,7 Millionen Dollar aus einer unbekannten Brieftasche an die Krypto-Börse Huobi.

Diese Transaktion ist eine von mehreren, die in den letzten Tagen große Mengen an XRP an die Börse geschickt haben. Die Besitzer des Kryptos schicken ihren Krypto möglicherweise an Börsen, die den kommenden Flare-Abwurf unterstützen, um sicherzustellen, dass sie ihren Anteil an SPARK-Tokens problemlos erhalten.

Hier ist ein Blick auf die größten XRP-Transaktionen, die seit Freitag in das Hauptbuch eingeflossen sind.

  • 74.999.900 XRP im Wert von 42,2 Millionen Dollar von unbekannter Brieftasche an unbekannte Brieftasche gesendet
  • 50.000.000 XRP im Wert von 30,9 Millionen Dollar aus unbekannter Brieftasche an Bybit geschickt
  • 29.999.980 XRP im Wert von 17,1 Millionen USD aus unbekannter Brieftasche an Coinbase überwiesen
  • 10.000.000 XRP im Wert von $5,8 Millionen aus unbekannter Brieftasche an Binance überwiesen
  • 10.000.000 XRP im Wert von $5,7 Millionen aus unbekannter Brieftasche an Binance geschickt
  • 9.515.731 XRP im Wert von $5,3 Millionen von SBI VC Trade an unbekannte Brieftasche geschickt

Bitcoin ha lottato per tenere sopra i 19.000 dollari negli ultimi due giorni, con la pressione di vendita al di sopra di questo livello di prezzo che si è rivelata significativa.

Se i venditori continuano a sopprimere l’azione del prezzo della moneta criptata e la mantengono al di sotto di questo livello per un periodo di tempo prolungato, potrebbe portare ad alcune gravi perdite
Un trader sta ora notando che Bitcoin Up potrebbe essere ancora sul punto di vedere un ulteriore aumento nelle ore a venire, notando che $19.400 è il suo obiettivo a breve termine
Questo è l’ultimo livello di resistenza prima che il crypto si diriga verso la resistenza tra i 19.800 e i 20.000 dollari.
Una rottura al di sopra di questo livello potrebbe significare che sono imminenti nuovi massimi di tutti i tempi per l’intero mercato dei crittografi

La Bitcoin e il resto del mercato dei crittografi si sono consolidati negli ultimi giorni.

Nonostante gli innumerevoli rifiuti che il cripto ha visto all’interno della regione dei 19.000 dollari, BTC è stata in grado di evitare di vedere qualsiasi movimento sostenuto più basso negli ultimi giorni e settimane.

La sua continua capacità di tenere al di sopra di questo livello favorisce le banconote e sembra indicare che potrebbe essere imminente un ulteriore rialzo nei giorni e nelle settimane a venire.

Un trader ha fatto eco a questo sentimento, spiegando che un passaggio verso i 19.400 dollari potrebbe essere imminente. Una rottura al di sopra di questo livello sarebbe tecnicamente significativa.

Bitcoin detiene una quota superiore a $19.000 mentre i venditori detengono il livello chiave

Al momento della scrittura, Bitcoin è in calo di poco meno dell’1% al suo attuale prezzo di 19.100 dollari. Questo è all’incirca il prezzo al quale è stato scambiato negli ultimi giorni.

Dove le negoziazioni di criptovaluta a medio termine dipenderanno in gran parte dalla sua continua reazione a questo livello chiave. La pressione di vendita in questo caso è stata intensa in passato, ma i tori si sono difesi da qualsiasi calo sostenuto al di sotto di questo livello.

Ecco dove gli analisti si aspettano che BTC faccia tendenza

Un trader ritiene che il rialzo sia imminente per la cripto-valuta, con la sua capacità di tenere oltre i $19.000 è un segno positivo per le prospettive a breve termine di Bitcoin.

Ora sta guardando verso i 19.400 dollari come prossimo obiettivo, e questa è l’ultima resistenza prima dei suoi massimi storici.

„Gli strumenti di tendenza e altri strumenti di posizionamento si stanno allineando in modo simile. Nessuna oscillazione fino a quando le offerte non colpiscono al minimo o non si pulisce la rottura 19400. BTC Intraday è stato un po‘ di trading bidirezionale ora, quindi non cambia nulla“.

Immagine per gentile concessione di Cantering Clark.

Dove l’andamento del mercato a medio termine dipenderà probabilmente interamente dal fatto che Bitcoin scenda o meno al di sotto dei 19.000 dollari o superi i 19.400 dollari prima.

Tyler Winklevoss diz: „Bitcoin Looking Strong“ – Preparado para uma fuga de touro no Ano Novo

Tyler Winklevoss, co-fundador e CEO da Gemini, a maior bolsa de moedas criptográficas, diz que o rali Bitcoin que levou o preço para mais de $18.000 ainda não é um rali FOMO. Winklevoss em um tweet disse que o rally se deve a mãos firmes na indústria de moedas criptográficas, o que significa que os investidores que estão à margem ainda não entraram no rally.

Google busca por „bitcoin“ continua estável
Winklevoss parece atribuir sua convicção à busca estável de Bitcoin no Google. Isto implica que um uptick nas buscas de Bitcoin no Google será uma indicação de um FOMO em andamento e, uma vez que ele permanece estável, isto ainda não aconteceu.

FOMO é um termo usado no espaço criptográfico que significa „Fear of Missing Out“ (Medo de Faltar). Isto descreve o pânico na compra de Bitcoin, por exemplo, quando o preço começa a subir tanto que aqueles que têm relutado em comprar se convencem de que estão ficando para trás. Como resultado, a FOMO empurrou historicamente o preço da Bitcoin para níveis mais altos, embora não seja o único fator.

Uma olhada nas buscas do Google por Bitcoin nos últimos 12 meses mostra que o valor mais alto já alcançado foi em maio de 2020, quando atingiu US$ 10.000 pela segunda vez em 2020. Desde então, houve um declínio e, embora esteja voltando a subir lentamente, ainda não atingiu os níveis de maio, mostrando que ainda não há um novo interesse no ativo.

O interesse institucional poderia ser responsável pelo aumento dos preços

O Bitcoin quebrou vários níveis de preços em 2020 no mercado de touros em andamento. A corrida de touros seguiu logo após uma onda de investimentos institucionais em Bitcoin que resultou em mais de meio milhão de Bitcoins em balanços corporativos. A adoção tem sido mencionada como um grande impulsionador da ação de preços e os analistas acreditam que isto pode ser responsável pelo aumento de preços que está sendo testemunhado neste momento.

Este poderia ser o único fator responsável pelo aumento de preços ou poderia haver algo mais? No momento de escrever este artigo, a Bitcoin está sendo negociada a $18.129. Como o FOMO ainda não começou, uma mudança maior está provavelmente à frente. Será que 2020 vai registrar um novo recorde para a Bitcoin?

Pode ser um pouco cedo, mas é a época de diversão, alegria e um aumento do preço do Bitcoin . Com o Bitcoin segurando firme acima da marca de $ 18.000, cada hora que passa só vai esclarecer a diferença entre empilhar sats e negociar. Na verdade, instituições como a escala de cinza, com AUM de mais de $ 10 bilhões, ainda estão acumulando acima do nível de $ 18.000.

Isso é interessante, especialmente porque existem apenas 21 milhões de Bitcoins e as instituições estão comprando mais rápido do que nunca

O Grayscale Trust realmente adicionou 20.336 Bitcoins esta semana, elevando seu total líquido para 0,52 milhões. Bitcoin, claramente, parece estar emergindo como o favorito de um HODLer. À luz de tais desenvolvimentos, é muito interessante verificar o recente tweet do popular analista Tone Vays.

No referido tweet, Vays nos lembrou das diferenças entre uma pilha de Bitcoin HODL e uma carteira de negociação. Na verdade, em seu último vídeo no YouTube , o analista foi citado dizendo:

“… Eu confio no TA e a única criptomoeda I HODL é o Bitcoin. Não acho que nenhuma outra criptomoeda valha a pena HODLing. ”

No vídeo mencionado, ele também falou sobre uma bolsa de altcoins que ele comprou e esqueceu, antes de expandir porque ele acredita que há verdadeiro valor em HODLing Bitcoin e mantendo altcoins como parte de seu portfólio.

Embora as altcoins tenham começado como alternativas ao Bitcoin, todas as criptomoedas, incluindo os Projetos DeFi, são consideradas amplamente como investimentos alternativos nas carteiras de muitos comerciantes. Nesse sentido, talvez, altcoins valham a pena serem negociados e HODLing. Exemplos clássicos disso seriam altcoins como LINK, ETH e XRP, com esses alts tendo ganho 20,27%, 17,80% e 55,78%, respectivamente, na semana passada.

HODLing uma pilha, entretanto, é difícil, igualmente difícil em ambos os casos. É por isso que ninguém pode culpar Masayoshi Son por sua saída antecipada do Bitcoin em 2018. Em 2017, Son comprou $ 200 milhões de Bitcoin, de acordo com ele, „sem qualquer compreensão da criptografia“, antes que a observação de preços se tornasse demais Filho. Agora, muitas pessoas foram rápidas em criticar Son por ser “fraco”, mas olhar para trás é uma coisa poderosa, não é?

O que pode ser inferido aqui é que os HODLers ignoram as oscilações de preços de curto prazo e, ao contrário de Son, eles não estão colados a gráficos de preços ou TA. Em vez disso, eles dependem fortemente das análises fundamentais dos ativos nos quais estão interessados. A pilha de HODLing para a maioria dos negociantes tem Bitcoin e, no caso de instituições como a escala de cinza, uma instituição que compra BTC periodicamente, é o único ativo criptográfico que vale a pena HODLing. Analistas como Tone Vays não poderiam estar mais de acordo.

Embora altcoins e projetos DeFi de alto desempenho cheguem ao portfólio de negociação, eles não necessariamente fazem a pilha HODL nesses casos. A diferença é fácil de detectar, mas o que é difícil é manter a disciplina e a estratégia de negociação.

Lors d’une récente interview de podcast, Dan Morehead, un haut dirigeant de la société d’investissement en cryptographie populaire Pantera Capital, a déclaré que la récente performance des prix de Bitcoin avait dépassé toutes les attentes. Il a en outre souligné que cette performance souligne que l’actif cryptographique est devenu un outil d’investissement viable.

Morehead a également pu prédire que Blockchain deviendrait une option d’investissement très intéressante dans deux décennies

Il a souligné que l’espace cryptographique faisait face à un certain niveau d’hostilités de la part des autorités américaines. Cependant, il pense que cela ne dissuadera pas les investisseurs traditionnels de Bitcoin Evolution. Il souligne qu’au lieu de cela, la pièce continue de gagner la confiance de ces investisseurs au fil des jours.

Le haut dirigeant de Pantera Capital a également noté que le jeton de cryptage populaire était arrivé à un stade où il avait une «vitesse de fuite». Il a poursuivi en précisant que bien que la pièce soit actuellement supérieure à 18000 $, elle était toujours 52% inférieure à sa régression à long terme.

Il convient que la décision du gouvernement fédéral d’imprimer plus de dollars inciterait plus de gens à considérer Bitcoin comme une option d’investissement.

Cela continuerait à faire monter le prix de la pièce car la croissance de l’industrie serait poussée par un réel intérêt des investisseurs

Le haut dirigeant de Pantera Capital donne son avis sur les pays qui tentent de copier Bitcoin
Le PDG de Pantera, Dan Morehead, a déclaré qu’il s’attend à ce que de nombreuses autres personnes essaient d’imiter ce que Bitcoin a pu réaliser.

Il cite la Chine qui tente actuellement de créer un système de paiement blockchain comme exemple de l’impact de la pièce. Il a ajouté qu’il s’attend à ce que davantage d’imitateurs surgissent parce que le système de paiement blockchain a montré son mérite.

Vous vous souviendrez que la Chine aux côtés d’autres pays comme la Russie, le Japon, etc. ont commencé à travailler sur un projet de monnaie numérique de la Banque centrale (CBDC). Ces pays ont souligné que l’avenir de la monnaie est numérique.

Klastry Bitcoin wielorybów pokazują, że 14.914 dolarów jest krytyczna dla trwającego rajdu, aby zobaczyć kontynuację.

Nowe dane z Whalemap sugerują, że w celu utrzymania byczego rozmachu, cena Bitcoin musi utrzymywać się powyżej poziomu 14 914 dolarów.

Klastry wielorybów, jak bąbelki pokazane na poniższym wykresie, tworzą się, gdy inwestorzy o wysokiej wartości rynkowej kupują Bitcoin i nie przenoszą ich. Oznacza to, że wieloryby zgromadziły BTC na tym poziomie i sugeruje, że prawdopodobnie pozostanie on jako obszar wsparcia w przypadku korekty.

W związku z tym, w najbliższym czasie, ważne jest, aby Bitcoin pozostał powyżej 14.914 dolarów przez dłuższy okres. Oznaczałoby to konsolidację przy wieloletnim oporze na poziomie 16 000 USD i stabilność powyżej głównego poziomu wsparcia.

Co utrzymuje cenę BTC powyżej 14.914 dolarów?

W ciągu ostatniego tygodnia, Bitcoin widział niezwykłą akcję cenową i był dość zmienny w szerokim zakresie.

Od 6 do 9 listopada BTC dwukrotnie testował poziom 16.000 dolarów i spadł do poziomu 14.350 dolarów. Ta krótkoterminowa zmienność wiązała się prawdopodobnie z szeregiem makro wydarzeń, w tym z zakwestionowanymi wynikami wyborów w Stanach Zjednoczonych.

Od początku listopada na rynku istniało wiele dużych ryzyk. Ryzyko wyborcze wyraźnie przyniosło korzyści Bitcoinowi, ponieważ inwestorzy poszukiwali bezpiecznych aktywów. Następnie przełom w zakresie szczepionek firmy Pfizer stał się nieoczekiwaną zmienną, powodując załamanie się rynku Bitcoinów i złota.

Pomimo tych niewiadomych Bitcoin pozostał na poziomie ponad 13 600 dolarów, który analitycy Whalemap określili jako poziom. Napisali:

„Nowe poziomy, które powstały w ciągu weekendu! Jeśli zaczniemy przedzierać się, to powinien to być dobry przewodnik po tym, jakie powinny być poziomy. Cena powinna pozostać powyżej 13.600 dolarów, aby kontynuować bieg byków.“
W krótkim czasie, zakres od 13.600$ do 14.914$ pozostaje najważniejszy dla kontynuowania rajdu Bitcoinów. Jak dotąd dynamika BTC była stosunkowo silna, biorąc pod uwagę, że górnicy sprzedają.

Jak wcześniej informował Cointelegraph, dyrektor generalny CryptoQuant Ki Young Ju powiedział w wywiadzie, że górnicy sprzedają Bitcoin. Bazując na odporności BTC, nowy popyt ze strony kupujących prawdopodobnie przeciwdziałał presji sprzedaży wywieranej przez górników.

Inwestorzy znajdują się na rozdrożu

Bitcoin jest świadkiem ogromnej zmienności, ponieważ rynek jest niepewny. Niektóre wskaźniki w łańcuchu sygnalizują, że BTC wchodzi w strefę wyprzedaży, gdzie inwestorzy mogą czerpać zyski. Philip Swift, analityk kryptokurrency, napisał:

„Względny niezrealizowany wskaźnik zysku/straty: Teraz wszedł do strefy ‚Chciwości‘ na tym ostatnim podjeździe Bitcoin. Brzmi źle, ale tak naprawdę, możemy spędzić dużą część cyklu byka w tym obszarze. Wciąż jesteśmy wcześnie z większą ilością miejsca do góry nogami.“

Ale inne podstawowe wskaźniki wskazują, że Bitcoin wciąż jest we wczesnej fazie cyklu byków. Na przykład, działalność HODLing nadal rośnie, a badania sugerują, że inteligentne pieniądze napędzają większość tendencji wzrostowych.

Brak jasności w kierunku Bitcoinu jest pokazany zarówno przez nietypowe działania cenowe, jak i mieszane komunikaty punktów danych w łańcuchu. Niemniej jednak, tak długo jak najwyższa kryptokurcja utrzyma się na poziomie powyżej 14 914 dolarów, przynajmniej w perspektywie krótkoterminowej, perspektywy pozostają ostrożne i optymistyczne.

A look at the possible effects Biden’s confirmation as president of the United States would have.

Joe Biden’s victory in the U.S. presidential election could change the world in many ways. On the one hand, it is a defeat for talkative populism. And on the other, it is the fall of a „strongman. Donald Trump reminds us quite a bit of the charismatic leader of the Third World. A figure more personal than institutional, more visceral than rational, and more conflictual than conciliatory. The first change lies in the tone of the speech. Joe Biden is a much more traditional politician. That is, his style is less Third World.

Is Joe Biden’s victory a fact? What about Donald Trump’s allegations of fraud? Well, I’m afraid that in the United States there is still a lot of confidence in institutions. Something that usually doesn’t happen in Latin America. If someone in Latin America reports fraud in an electoral process, the most likely thing is that the accusation will become a fact in the opinion of the citizens. Because the personal comes before the institutional.

Something like guilty until proven otherwise.

In slightly more advanced democracies, the institutional prevails over the personal. And denunciations are treated as denunciations. This implies that the denouncer must present evidence. And it is the judge who has the last word. In the meantime, he deprives the principle of innocence until proven guilty.

Donald Trump has not yet shown evidence of the alleged fraud. And his accusations appear to be unfounded. For that reason, the media, the leaders of the United Kingdom, most of Europe, governments in Asia, the Middle East, Africa and the Americas have recognized his victory. In Latin America, two governments, Brazil and Mexico, have yet to acknowledge Biden’s victory. Interestingly, both governments are populist. In addition, the governments of Russia and China have decided to wait to make a statement on the matter. Both authoritarian governments. Institutionality is the key concept here.

Donald Trump is well within his rights to file complaints. If he has evidence of fraud, he should file it. But he is not a judge. He is not the Supreme Court. In other words, he cannot pass judgment. In other words, Joe Biden is the winner of the election, (until proven otherwise). For many, especially in Latin America, this is extremely confusing. Because the concept of institutionality is not very consolidated in the minds of many.

The financial markets, for example, took Biden’s victory the day after the election for granted in the afternoon. The moment the picture began to become clearer, fears were dispelled, and optimism invaded the markets. On election night, the markets were quite worried, because there was a lot of uncertainty. The fear was that the results would be too close. However, the crux of the matter was resolved. Biden won. Of course, there was nothing official yet. But that has never stopped the markets. The S&P 500 went up. Bitcoin went up.

The victory of Joe Biden and the vaccine of Pfizer they have brought much optimism among the investors. And the optimism means buyers. Is Biden a communist or a left-wing radical? Of course not. We must remember that Joe Biden is no stranger. Biden has been in politics for many, many years. And his positions are widely known. Biden’s record has proven time and again that he is no radical. Biden is a centrist moderate. A centrist. He is not a member of his party’s radical gang. Biden is not a Bernie Sanders, an Elizabeth Warren or an Alexandria Ocasio-Cortez. We’re not talking about the New Green Deal here.

Associating Joe Biden with the radical left during the campaign was a laboratory strategy on the part of Trump’s command. The strategy worked wonders in Florida with the Cubans and Venezuelans, by the way. But Joe Biden is very different from Fidel Castro or Hugo Chavez. The comparison is absurd.

In fact, Biden’s economic plan is not bad at all. At heart, it’s a classic Democratic recipe. And we should remember that Democratic administrations are better for the economy than Republican ones. There’s no radicalism anywhere here. The richer people will probably pay more taxes. But no big deal. Yes, we will have a generous stimulus package. But in this case, unlike the Trump packages, we will have a greater emphasis on fiscal stimulus rather than monetary stimulus. Which means that not everything will fall to the financial markets. The economy r

A detailed project on compliance with blockchain guidelines was published with the Global Standard Mapping Initiative. The GSMI deals with important economic trends and gives companies practical guidelines for blockchain applications.

Industry leaders launched the Global Standards Mapping Initiative (GSMI) under the auspices of the World Economic Forum (WEF) and the Global Blockchain Business Council (GBBC)released. The Bitcoin Storm is a comprehensive inventory of blockchain implementation in industry based on 30 companies, 185 jurisdictions and 400 industry groups. The initiative is open to the public and is intended to support various industries in developing blockchain framework conditions and standards.

The GSMI deals with three different main areas

Technical norms, legislation and guidance from sovereign and international bodies, as well as best practices and standards.

One of the key takeaways was the increasing fragmentation of technology, both globally and within jurisdictions. Overlaps, gaps and conflicts in agreeing standards were also a major issue. There have been discussions as to which areas the technology may have been used too early. In addition, there are not enough guidelines for new approaches, which is why it is urgently necessary for organizations to develop their own blockchain strategies. The important role that government agencies play in shaping future technology was also addressed. In addition to guidelines for all those interested in blockchain, an interactive map of the blockchain legislation and guidelines was published with the GSMI.

Blockchain experts are convinced of the GSMI

Many participating blockchain experts commented on the initiative. Sheila Warren , Head of Blockchain at the World Economic Forum, explains that there would have been enormous demand for such an initiative in advance.

We were delighted to be working with the Global Blockchain Business Council and members of our Blockchain Council to create this open resource that can be used by the ecosystem, policymakers, and beyond to further their approaches to future technologies and standards to inform.

GBBC chairman, senior managing director and head of the blockchain business at Accenture David Treat, meanwhile, mentioned a certain risk of process delay that had been accepted in order to bring the initiative into being. In his eyes, however, GSMI represents an important step forward. The future can now be designed with transparent and more secure infrastructures. The new blockchain guidelines are an impartial basis that supports organizations around the world in doing business with digital assets.

World Economic Forum initiative is still in its infancy

Sandro Ro, Chief Executive Officer of the global Blockchain Business Council, is also proud of the initiative. He is already inviting other partners to join the GSMI.

GSMI partners and collaborators are a diverse group of stakeholders from industries, governments, and academia who represent a range of perspectives and ideologies. Coming together to lay the foundation for better harmonization and clarity in setting standards is an example of the blockchain community’s unique ethos based on collective progress and collaboration.

Brian Behlendorf, Executive Director of Hyperledger, also describes the initiative as an important contribution to the blockchain ecosystem. The mapping project makes it clear that the blockchain community is collaborative by nature.

The use of blockchain technology is becoming increasingly important in more and more industries. That is why the co-founders of GSMI have decided to keep the initiative growing. In the future, other companies will participate in the collaboration.

The Greek football team won over its rivals after allowing fans to use block and token technology to vote on match composition. At the same time, the club took fan involvement to a new level.

FC Apollo, which uses Socios.com’s token platform, won a friendly match against its rival Aris Limassol, Socios reports. Apollo scored six goals with zero goals in his gate.

Thanks to Socios, Apollon fans who bought an APL token were able to vote in a series of polls. This determined the formation of the team on the field and the choice of attacking players. Fans chose the 4-2-Z-1 scheme, i.e. four players in defence, two midfielders, three attacking midfielders and one striker. Tpoe of the four players voted for by the fans scored goals during the match.

Socios.com CEO Alexander Dreyfuss called the day historic Bitcoin Trader and expressed his pride in the level of interaction between fans and the Apollo FC administration:

„Today Socios.com and Apollon FC have made history. The friendly match against Aris Limassol was the first match to use Blockchain technology, with the help of which fans chose the formation and players. I am very proud that we ensured such a level of interaction with our Apollo partners that the fans voted for the winning combination.

According to Socios, after the match the APL price rose by 1H%. It seems that the club will extend the practice of fans defining important points:

„We want to keep in touch with our fans and represent them in the best possible way… we will give our fans the opportunity to help me and the rest of the team with their choices and I hope they will appreciate the fact that we value their opinion,“ said Apollon head coach Soforonis Augusty.

The Socios platform has established partnerships with many football clubs around the world including Barcelona, Pari Saint-Germain and Juventus. The project also issued a Visa Socios.com debit card so that users could receive rewards and other bonuses from a particular football club.

Subscribe to BitNovosti at Telegram.

Share your opinion about this news in the comments below.

A market researcher does not see the interplay between the rate of increase and the amount in circulation as a decisive criterion for the price development of Bitcoin.

A new study by the blockchain market researchers from ByteTree claims to have refuted one of the most popular forecasting models for Bitcoin ( BTC )

The so-called stock-to-flow calculation model (S2F) had repeatedly made very accurate predictions about the market-leading crypto currency in the past, with an optimistic price target of more than 100,000 US dollars in the long term .

ByteTree co-founder and investment director Charlie Morris devoted the entire fourth chapter of the study to the “refutation” of the stock-to-flow model. The forecast model has been tried and tested because it has been used for decades to calculate the price development of commodities such as gold and silver. The stock-to-flow model considers the existing volume in circulation (stock) in relation to the rate of increase in the volume in circulation (flow) and derives the so-called degree of hardness of an asset from this. Since Bitcoin Profit so conceived is that the rate of increase over time continues to fall, while the existing circulation rate remains the same and a fixed upper limit has, there is a relatively high degree of hardness that justifies an astronomical price performance for cryptocurrency.

Even the Bayrische Landesbank has calculated a similarly optimistic forecast with the help of the model

Morris argues that the price development of Bitcoin is not based solely on the available supply, but that the interplay between supply and demand is the driving force here too. Since the supply of the cryptocurrency is fixed, it is demand that is the decisive variable.

In addition, Morris accuses the model of overvaluing newly flowing units of the cryptocurrency, as if only these were available for purchase, but he replies that “anyone who owns Bitcoin can sell them at any time. Accordingly, the dynamics between the amount in circulation (stock) and the rate of increase (flow) would change over time:

“If the network has a large amount in circulation and a relatively small rate of increase, then the amount in circulation is even more important. The smaller the rate of increase, the less impact it has on the price development. “

Accordingly, the influence of the Bitcoin miners on the price would have continued to decline, which can be seen from the fact that their sales are becoming smaller and smaller compared to their market capitalization:

“Miners used to have 50% of the market capitalization as revenue. At that time they had a huge impact on the price, but at only 1.7% they no longer have that. They used to be responsible for 68% of the total transaction volume, which now only amounts to 3.9%. “
The miners would still be essential for the infrastructure of the Bitcoin blockchain, but their “economic footprint is getting smaller and smaller”.

As a final point of criticism, Morris brings up that the model does not sufficiently take into account the use and acceptance of Bitcoin, because this is where he sees the actual intrinsic value of the cryptocurrency:

“I would argue that Bitcoin is a powerful digital network that is very much alive. It’s kind of a tech stock, only there is no profit distribution or a managing director, but it offers high security, wide distribution, and usability. There are many reasons that Bitcoin’s price will continue to rise, but the stock to flow ratio is not one of them. „