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.

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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. „

Bitcoins status som en ny aktivklasse, der tilbyder pålidelige og bemærkelsesværdige gevinster på det traditionelle og institutionelle marked, har været støt stigende og har taget nogle temmelig bemærkelsesværdige stigninger takket være Paul Tudor Jones og MicroStrategy. Sidstnævnte kom for nylig til nyheden ved at lægge deres reservekapital – et beløb på 450 millioner dollars – i Bitcoin.

Investorer i Bitcoin, især institutionelle, har bestemt hørt om Bitcoin som et investeringsværktøj, men mange af dem holder stadig øje med det snarere end at dykke lige ind. Dette fremhæves yderligere af Tudor Jones, der siger, at han tror, ​​det vil være en top udfører aktiv, men han investerer kun to procent i det.

MicroStrategys administrerende direktør Michael Saylor siger dog, at Federal Reserve’s nylige lempelse af sin inflationspolitik er en af ​​de faktorer, der fik ham til at lægge resten af ​​virksomhedssoftwareproducentens kontanter i Bitcoin.

Beslutningen fra Saylor om at investere en enorm sum penge fra sit firma i dette aktiv har åbnet dørene noget for andre institutionelle investorer, der kun lige siver ind i det digitale aktiv.

En anden grund til, at der har været en stigende interesse for institutionelle investeringer i Bitcoin, er også takket være veje som CME og Bakkt. Og det er ved Bakkt, hvor flodportene åbner efter dette træk fra Saylor.

At bryde rekorder

Baakt, et futuresmarked, der opererer med fysisk afviklede Bitcoin-kontrakter, der drives af NYSEs moderselskab, ICE, har oplevet en hurtig vækst siden MicroStrategys investering.

Baakt registrerede en høj handelsvolumen hele tiden den 15. september. Bakkt Bitcoin Monthly Futures lettede 15. 955 BTC-kontrakter den dag og overgik den tidligere rekordhøjde med 36%. Hver kontrakt med Bakkt Bitcoin-futures svarer til 1 BTC.

Det er ikke kun Baakt, men da volumen på LMAX Digital, en anden kryptokursudveksling, der primært tjener institutionelle investorer, også er steget i de seneste uger.

LMAX Digital behandler omkring $ 84 millioner pr. Dag og overgår nogle ret store kryptokurrencyplatforme som Bitstamp, Kraken og Gemini. I øjeblikket er LMAX Digital vurderet som det næststørste BTC-spotmarked bag Coinbase, hvilket viser stor institutionel efterspørgsel.

Saylor fører an

Bitcoin-interesse fra store virksomheder var altid stigende, men det har bestemt taget fart, og det er begivenheder som Saylors beslutning og Tudor Jones ‚planer, der har fået mange til at sidde op og lytte.

”Den 14. september 2020 afsluttede MicroStrategy sin erhvervelse af 16.796 ekstra bitcoins til en samlet købspris på 175 millioner dollars. Til dato har vi købt i alt 38.250 bitcoins til en samlet købspris på 425 millioner dollars inklusive gebyrer og udgifter, ”forklarede Saylor.

Dan Tepiero, medstifter af 10T Holdings, sagde, at andre CFO’er kunne følge trop på længere sigt:

”Svært at undervurdere vigtigheden af ​​handlingen i dag fra Michael Saylor hos MicroStrategy på Bitcoin. Det sprog, han bruger til at beskrive grunden til, at han har foretaget tildelingen, er fejlfri. Sprog, som andre CFO’er i selskabet vil forstå og nu overveje. Milepæl.“