Hvorfor JPMorgan estimerer en innkommende $ 600 milliarder institusjonell Bitcoin-investering

Bitcoin, den øverste mest digitale valutaen etter markedsverdi, har fortsatt å gjøre gigantiske fremskritt siden den brøt sin tidligere sett all-time high på rundt $ 20.000, satt på slutten av 2017 bull run.

Den personvern-sentriske, begrensede og gulllignende eiendelen har fanget oppmerksomheten til både detaljhandlere og institusjonelle handelsmenn.

De som tidligere har snakket dårlig om Bitcoin, har tenkt seg om og konkludert med at bitcoin virkelig er verdifullt og fortsatt er det beste avkastningen det siste tiåret, viser rapporten.

En av slike er JPMorgan. Den multinasjonale investeringsbank-sjefen Jamie Dimon kalte i 2017 bitcoin ‘a fraud’. Selskapet, som helhet, var bitcoins ’største fiende‘ på et tidspunkt. Etter grundig vurdering har JPMorgan gått all-in på ikke bare bitcoin men kryptovalutaer som helhet.

Bitcoin-prisen vil gå over $ 146K; Millennials vil hjelpe det å vokse

Ettersom bitcoin fortsetter å tiltrekke seg investorer av alle slag, mener JPMorgan at aktivaklassen på lang sikt vil bli priset over $ 146 000.

I en publikasjon utgitt mandag 4. januar 2021 beskrev JPMorgan-strateger ledet av Nikolaos Panigirtzoglou hvordan bitcoin er i nær konkurranse med gull. Dette, sier de, er bra for Bitcoin i det lange løp.

Strategene bemerker også i rapporten at en betydelig mengde investeringer, over $ 7 milliarder dollar, har forlatt Bitcoin ETF (børshandlede fond) siden midten av oktober. På den annen side har Grayscale Bitcoin Trust (GBTC), et tradisjonelt investeringsmiddel med en delt tittel på investornavn, mottatt over 3 milliarder dollar i samme tidsramme.

I følge disse dataene er dette positivt for bitcoin, og eiendelen kan være det mest foretrukne investeringsinstrumentet, langsiktig.

Som uttalt av strategene, er en annen viktig statistikk, som vil hjelpe bitcoins akselererte vekst, årtusener som foretrekker ‚digitalt gull‘, bitcoin fremfor ‚tradisjonelt gull‘. Dette er fordi tusenårene er vant til teknologi og vil finne digitale investeringer mer spennende enn å stable opp tradisjonelle gullstenger og mynter.

JPMorgan-strateger forutsier Bitcoin-pris over $ 146 000 langsiktig

Av disse grunner settes det et teoretisk bitcoin-prismål på over $ 146K for Bitcoin på lang sikt. Analytikerne anser imidlertid at dette prismålet ikke er bærekraftig for året 2021.

US citizens can now pay for certain passport services in Bitcoin.

Peninsula Visa will partner with Coinbase Commerce to offer this payment option.

Although this is a first in the United States, Venezuela had already experimented with passport payments in BTC.

US citizens can now pay for certain passport services with Bitcoin . Peninsula Visa announced on November 11 the change in its accepted payment methods.

Anticipating an increasingly digital post-coronavirus world, the company describes the service as “the right thing at the right time”.

Peninsula Visa Becomes First U.S. Shipping Service To Accept Bitcoin

Peninsula Visa, a US passport and visa issuing company, now accepts bitcoin payments for some of its services. According to a press release, the company will allow its customers to pay for their passport renewal, name change and a second passport, all through cryptocurrency .

The Bitcoin payment method will be provided by Coinbase Commerce. While the Coinbase payment platform supports alternative cryptocurrencies , nothing in the press release or the product page suggests that Peninsula Visa accepts payments in digital assets other than BTC.

The company, founded in Silicon Valley in the 1970s, says it plans to expand the passport services it offers through bitcoin payment over the next twelve months.

Evan James, its director of operations, said the move was the right one, given forecasts of an increasingly digital post-COVID world. He added that Peninsula Visa was delighted to be the first such US company to accept BTC.

Protection against the votility of BTC

For many industry watchers, Bitcoin has failed somewhat as a payment network. The volatility of its price makes its acceptance of goods and services a real headache for some companies.

Peninsula Visa aims to protect itself from this situation by offering a payment window in which the exchange rate is blocked for ten minutes. According to its website, the company may provide a new exchange rate after this time, depending on the evolution of BTC prices.

A first for the United States, but not worldwide

As mentioned, Peninsula Visa offers the first US passport services for Bitcoin payments. Having said that, at least one other country has already experimented with passport payment by BTC.

As BeInCrypto.com reported in July, the government of Venezuela has also started accepting Bitcoin momentarily to pay for passports. The launch of this test was due to a new round of US sanctions that hampered the South American nation’s ability to conduct international transactions.

While censorship-resistant Bitcoin payments appear appropriate for Venezuela’s situation, the trials appear to have been short-lived. Indeed, the option of payment in BTC disappeared from the site shortly after its publication.

Bitcoin has a zero correlation with stocks. Critics were wrong about their doubts about Bitcoin as a safe haven, according to Morgan Creek Digital co-founder.

Bitcoin ( BTC ) could „not be more uncorrelated“ with the stock market, according to Anthony Pompliano. Data shows that The News Spy is outperforming macro-assets.

In a series of tweets on October 26, the co-founder of Morgan Creek Digital, also known as „Pomp,“ poked fun at critics who claim Bitcoin is a poor store of value.

Pomp about the safe haven Bitcoin: „The market proves it“

Pompliano has uploaded a chart to the behavior analysis platform Santiment. This shows that Bitcoin reached the value 0 in the 30-day correlation with the S&P 500.

„It couldn’t be more uncorrelated than it is now,“ he said in comments.

Pompliano also stressed that Bitcoin has left macro-assets behind since the March crash this year.

„So how did Bitcoin fare during an economic downturn? It outperformed stocks, bonds, gold, oil, and just about anything else. It also had little to no correlation over a significant period of time,“ he summarized.

„Bitcoin is the ultimate safe haven and the market is proving it.“

The BTC / USD pair is trading at $ 13,150, offering investors around 83 percent year-to-date returns. This compares with 24 percent for gold and 6 percent for the S&P 500, according to data from on-chain monitoring website Skew.

Pompliano believes the earlier correlation between Bitcoin and these assets is merely a short-term phenomenon triggered by the March events.

„In liquidity crises, all wealth correlations tend toward 1. That was a passing thing and it happened with gold, stocks and others, too,“ he wrote.

No more correlation?

As Cointelegraph reported, there is consensus that not only is Bitcoin decoupling from stocks and others, but that it will be a definitive turning point that is irreversible.

Among other things, represents Willy Woo , the statistician and creator of the data resource Woobull this thesis. He continues to believe that Bitcoin will soon decouple.

„The decoupling is imminent,“ he tweeted last week .

„Makes sense that BTC will continue to be correlated in the short term; but not in the long term. BTC is a safe haven, only categorizing it as ‚risk‘ (meaning it is very new) distorts that fact.“

Chain data shows a higher „HODLing“ among Bitcoin retail investors who expect a BTC rebound in Q1 2021.

New data shows that the current Bitcoin price action (BTC) shows higher levels of „HODLing“ (not spending or holding) than in previous bullish cycles.

According to chain analyst Willy Woo, an indicator called „reflexivity“ has been rising in recent months. Woo explained that the indicator measures the tendency of Bitcoin investors to maintain their BTC as the price rises. It is essentially an alternative way of measuring the HODLing activity of retail investors.

Bitcoin market capitalisation gain per dollar invested or reflexivity.
This next bull run may eclipse the previous cycle
There are several reasons why retail investors might hold onto their BTC even longer than in previous bullish cycles.

If Bitcoin experiences a run in 2021, most investors would see it as the post-halvary bullish rally. Historically, BTC rallies 12 to 15 months after each halving, recording a new all-time high at each opportunity. Based on BTC’s tendency to rally after halving, retail investors may be „HODLing“ as a strategy to avoid being left out if a strong sustained run begins.

Spanish lawmakers received Bitcoin in an attempt to promote the industry
Bitcoin has also shown a surprising level of resilience through multiple potential black swan events. After its initial spike following the pandemic-induced collapse in March, it has remained above USD 10,000 despite numerous negative events.

In more recent events, Bitcoin’s price plummeted after the U.S. Commodity Futures Trading Commission (CFTC) accused BitMEX of violating the Bank Secrecy Act.

Yearn finance (YFI) gained 36% as DeFi tokens mimic Bitcoin’s upward trend
After the CFTC announcement, the BTC price fell below USD 10,500 but quickly recovered to the USD 10,700 support level. Woo explained:

„This (reflexivity) is the tendency for HODLers to hold on to their currencies more tightly as the price increases. I expected reflexivity to increase during the mania phase of bull markets, but it seems fairly constant since the last two cycles… this cycle is interesting; reflexivity is increasing rather than static compared to the last few cycles. Whilst we now need more capital invested to make a similar percentage price gain, the effect of HODLers holding on to currencies more tightly is magnifying the ’number increase‘ per dollar invested.
Looking ahead to the fourth quarter, industry executives believe that the U.S. presidential election could benefit Bitcoin and positive HODLing data could further boost BTC’s price.

U.S. Presidential Election and Q4 May Further Boost BTC Price
Industry executives and leading investors in the crypto industry anticipate that the upcoming presidential elections in November may benefit Bitcoin.

Crypto-banks will swallow up trust banks in 3 years, or even less
Su Zhu, the CEO of Three Arrows Capital, said a Democratic sweep would catalyze Bitcoin due to several macro factors and suggested that a second Trump term could also benefit Bitcoin. He wrote:

„Biden is extremely bullish for BTC because the Democratic blue wave could mark the beginning of an unprecedented installation of the MMT agenda with a corresponding weakening and deficit of the dollar. That said, Trump is also bullish.
As Cointelegraph reported earlier this week, traders, including Peter Brandt, believe that the higher time frame charts point to a strong upward trend for Bitcoin. The combination of favorable technical aspects, strengthening fundamentals, and increasing HODLing could drive a bullish run for BTC in 2021.

Esplosivi bitcoin: opzioni, balene e monete stabili

Bitcoin (BTC) a caccia di record: capitalizzazione realizzata al massimo storico e Bitcoin Bank continua a commerciare in una fase laterale e non riesce a superare la resistenza a 11.000 dollari per il momento. Nel frattempo, il Cardano (ADA) può guadagnare significativamente in valore e risalire sotto la Top-10 Altcoins.

Bitcoin può, dopo un retest del bordo inferiore del canale laterale a 10.200 dollari, risalire verso gli 11.000 dollari verso il fine settimana, ma come nella settimana precedente, continua a non riuscire a uscire da un breakout sostenuto. La situazione del mercato nel suo complesso può essere descritta, per il momento, come senza direzione. Anche se alcuni dei primi 10 Altcoin come Cardano (ADA), Chainlink (LINK) e Bitcoin SV (BSV) potrebbero recuperare significativamente questa settimana, la maggior parte dei primi 100 Altcoin mostra un calo dei prezzi nel corso della settimana. Il perdente tra i primi 10 Altcoin è Binance Coin (BNB) di questa settimana, che è sceso di poco meno del due per cento rispetto alla settimana precedente. Soprattutto Altcoins, che nelle ultime settimane ha mostrato uno sviluppo rialzista, soffre attualmente di un aumento delle prese di profitto. L’andamento dei prezzi della Bitcoin avrà ora un’influenza decisiva sulla direzione dei prezzi del mercato complessivo nei prossimi giorni.
Miglior andamento dei prezzi tra i primi 10 Altcoin: Cardano (ADA)

Analisi dei prezzi Cardano (ADA) KW39Analisi dei prezzi basata sulla coppia di valori ADA/USD su Bittrex

Dopo una significativa correzione di circa il 50 per cento dal massimo storico di fine luglio 2020, Cardano può recuperare significativamente questa settimana. Partendo dal minimo della settimana a 0,075 USD, il tasso di cambio ADA è salito negli ultimi giorni di trading di ben 20 punti percentuali verso il 65 Fibonacci retracement. Così, il Cardano ha riconquistato il range di resistenza costituito dalla resistenza orizzontale e dall’EMA200 (blu) a 0,089 dollari, così come il super trend a 0,097 dollari. Oggi, lunedì, il prezzo continua a salire direttamente sopra l’EMA100 (giallo) a 0,102 dollari e attualmente scambia a 0,106 dollari.

Versione rialzista (Cardano)

Se i tori possono anche rompere questo segno grafico alla fine della giornata, è probabile un aumento della resistenza incrociata a 0,115 dollari. Se questo livello di resistenza è anche sfondato dinamicamente verso l’alto, è probabile che si arrivi al ritracciamento di Fibonacci 78 a 0,125 dollari. Se Bitcoin sperimenta un breakout rialzista in direzione dei 12.000 USD, ADA dovrebbe anche continuare a salire di prezzo e mirare a 0,135 USD. In caso di un’evoluzione positiva del mercato complessivo nelle prossime settimane, sarebbe anche ipotizzabile un nuovo test del massimo storico di 0,154 USD. Per il momento, l’obiettivo di prezzo massimo dovrebbe essere visto in questa fascia.
Versione ribassata (Cardano)
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L’inversione rialzista di questa settimana ha messo gli orsi in disparte per ora. Tuttavia, se il prezzo ADA-price non torna al di sopra della linea di tendenza verde spezzata verso l’alto e rimbalza significativamente verso il basso al più tardi entro il range di $0,115, è ipotizzabile un’altra correzione verso il livello di $0,090. Se questo supporto all’interno del range dell’EMA200 non fornisce una tenuta e il prezzo continua a scendere verso il minimo settimanale di 0,075 dollari, è possibile un ampliamento della correzione.

Se il campo di orsi può spingere il prezzo di Cardano al di sotto dei 38 dollari del ritracciamento di Fibonacci a 0,070 dollari, è probabile un consolidamento verso il livello di 0,053 dollari. Se il mercato complessivo continua a svilupparsi al ribasso e anche ADA rinuncia al supporto a 0,50 USD, è ipotizzabile a medio termine una flessione del prezzo a circa 0,037 USD. In questa zona si trova la linea rossa di tendenza al ribasso e un importante supporto orizzontale a partire dal 2019, ma fintanto che il Cardano può tenere sopra l’EMA200, lo scenario rialzista è preferibile.
Indicatori: RSI e MACD con segnale di acquisto fresco

Lippulaiva-kryptovaluutan 60 päivän korrelaatio kultaan on noussut uuteen kaikkien aikojen korkeimpaan aikaan, jolloin BTC on onnistunut pysymään 10000 dollarin rajan yläpuolella.

Coin Metricsin tietojen mukaan BTC: n 60 päivän korrelaatio kullan kanssa saavutti 0,5, uuden kaikkien aikojen korkeimman nousun, joka alkoi heinäkuussa, kun bitcoinin hinta oli vielä vakiintumassa 0,000 dollarin rajan ympärillä, on kasvanut jatkuvasti

Joillekin sijoittajille bitcoinin ja holdin välinen hintatoiminta on ollut viime kuukausien aikana tiukasti linjassa osittain Yhdysvaltain dollari-indeksin (DXY) vuoksi. Mukaan MarketWatch fiat valuutan arvo on ollut laskussa yhtäjaksoisesti vuodesta lyömällä 102 jälkeen maaliskuun markkinoiden luhistuminen.

Bitcoinin ja kullan välinen korrelaatio oli vieläkin korkeampi Bitcoin Code syyskuun salausmarkkinanäkymässä, kun se oli 0,8. Arvo oli kuitenkin niin korkea, kun Bloomberg laski tietojen välisen yhteyden kuukausittain.

On syytä huomauttaa, että Coin Metricsin alustoilla bitcoinin 90, 180 ja 360 päivän korrelaatio kullan kanssa ei ole kaikkien aikojen korkeimmalla tasolla ja laski elokuun jälkeen. Joidenkin mielestä lippulaiva-kryptovaluutta on kuitenkin arvovarasto, joka voi suojata salkkuaan talouskriisiltä.

Dollarin heikkous on hyödyttänyt sekä kultaa että BTC: tä, kun inflaatiota pelkäävät sijoittajat ovat siirtymässä kohti turvallisempaa omaisuutta. Bloombergin syyskuun kryptomarkkinanäkymät viittaavat siihen, että BTC: n hinta voi jatkaa nousua samoista syistä, jotka auttoivat kultaa.

Bloomberg-tutkija Mike McGlone kirjoitti:

Kullan ja Bitcoinin hintaa tukevat ensisijaiset ominaisuudet – rajoitettu tarjonta, arvon säilyttäminen, monipuolistaja ja näennäisvaluutta – jatkuvat mielestämme ennennäkemättömän kvantitatiivisen keventämisen maailmassa.

Ennennäkemätön määrällinen keventäminen, johon McGlone viittaa, on nykyinen taktiikka, jota keskuspankit käyttävät elvyttääkseen taloutta COVID-19-pandemian vaikutusten seurauksena. Määrällinen keventäminen on auttanut keskuspankin taseen nousua yli 7 biljoonaan dollariin tänä vuonna.