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I critici sostengono che Tesla dovrebbe vendere la posizione di Bitcoin, le azioni dell’azienda di veicoli elettrici sono scese del 30% dall’acquistoI critici sostengono che Tesla dovrebbe vendere la posizione di Bitcoin, le azioni dell’azienda di veicoli elettrici sono scese del 30% dall’acquisto

Da quando Tesla ha annunciato che la società deteneva 1,5 miliardi di dollari in bitcoin nel suo bilancio durante la prima settimana di febbraio, le azioni della società sono scese di oltre il 30%. Un analista dice che gli azionisti di Tesla sarebbero „molto favorevoli“ se la società annunciasse di vendere il bitcoin. Inoltre, le azioni dell’azienda di Microstrategy sono anche scese considerevolmente negli ultimi 30 giorni, dopo molteplici annunci di acquisto di bitcoin.

I critici dicono che Tesla dovrebbe vendere Bitcoin

Dopo che Tesla ha annunciato al mondo che c’era 1,5 miliardi di dollari di bitcoin (BTC) nel suo bilancio, il prezzo del BTC è salito notevolmente quel giorno. Tuttavia, 30 giorni dopo il fatto, sembra che gli azionisti di Tesla (NASDAQ: TSLA) non siano così alla moda all’idea. Inoltre, sui social media e forum, i critici e anche gli avvocati, hanno chiamato fuori le aziende come Tesla per prendere tali decisioni. Le azioni di Tesla non sono andate così bene dopo l’acquisto, anche se l’azienda ha guadagnato bene dall’aumento del valore del BTC.

Il giorno in cui l’annuncio di Tesla-bitcoin è diventato virale, le azioni di TSLA scambiavano a 863 dollari l’una. Oggi, TSLA è in calo del -30,82% e scambia le mani a 597 dollari per azione il giorno prima dell’apertura del mercato azionario di lunedì. L’ex CEO di Aegon Asset Management, Gary Black, ha discusso le partecipazioni in Bitcoin Compass di Tesla su Twitter tre giorni fa e ha detto che gli azionisti sarebbero probabilmente contenti se la società di Elon Musk vendesse il BTC.

„Immaginate lo slancio positivo che [Tesla] creerebbe“, ha twittato Black. „Se annunciassero la vendita della loro posizione [bitcoin], e autorizzassero invece un riacquisto di azioni [Tesla]. Altamente improbabile, ma gli azionisti sarebbero molto favorevoli“, ha aggiunto.

Tuttavia, un certo numero di persone non erano d’accordo con le dichiarazioni di Black e un individuo ha detto che non voleva che ricomprassero le azioni. „Voglio che investano nella crescita, e che guadagnino un altro miliardo sulla loro posizione in BTC“, ha risposto la persona a Black. L’ex CEO di Aegon Asset Management non era d’accordo e ha detto che „non ha assolutamente senso“.

„Se chiedete a 100 azionisti istituzionali [Tesla], se preferirebbero che [Tesla] investisse $1.5B di eccesso di liquidità in BTC, o $1.5B di eccesso di liquidità in azioni [Tesla], 95/100 sceglierebbero le azioni [Tesla]“, ha insistito Black.

Black ha continuato:

È denaro in eccesso in entrambi i casi. Ma si otterrebbe molto più di $8T di gestori attivi bm’d allo S&P 500 per comprare [Tesla], se [Tesla] avesse un programma di riacquisto di azioni invece di comprare [bitcoin] con il contante in eccesso.

Le azioni di Microstrategy, acquirente di bitcoin, scendono di oltre il 50% nell’ultimo mese

Nel frattempo, l’azienda Microstrategy ha anche acquistato bitcoin su base regolare per alcuni mesi e ha approfittato anche di questa decisione.

Il 5 marzo 2021, Microstrategy ha annunciato di aver acquistato altri 10 milioni di dollari di BTC e attualmente detiene 91.064 bitcoin nel bilancio dell’azienda. Ma negli ultimi 30 giorni, le azioni Microstrategy (NASDAQ: MSTR) non hanno fatto bene e sono scese del -51,25% dal 9 febbraio 2021.

In quel giorno di febbraio, MSTR stava scambiando per $1.272 e le statistiche di oggi mostrano che le azioni stavano scambiando per $620 per unità prima che il mercato chiudesse venerdì.

Kanadas Bitcoin-ETF erregt große Aufmerksamkeit

Kanadas Bitcoin-ETF erregt große Aufmerksamkeit

Kürzlich berichtete Live Bitcoin News, dass Kanada die Welt mit dem ersten Bitcoin-basierten börsengehandelten Fonds (ETF) bekannt gemacht hat. Das Produkt gibt es erst seit ein paar Tagen, und schon jetzt bricht es Rekorde und hat mehr als $165 Millionen im Wert von Aktien über die kanadische Börse, auch bekannt als TSX, verkauft.

Kanadas ETF macht den Weg frei für andere Produkte

Ein Bitcoin-ETF wurde in den letzten Jahren von jeder größeren Krypto-Firma in den Vereinigten Staaten und Nordamerika beneidet. Viele Firmen versuchten, die Führung bei der Einführung eines solchen Produkts laut Bitcoin Storm zu übernehmen, wobei Unternehmen wie Bitwise und Van Eck nahe genug dran waren, um zumindest von Behörden wie der Securities and Exchange Commission (SEC) berücksichtigt zu werden.

Viele Male glaubten Händler, dass die Einführung eines solchen Produkts kurz bevorstünde. Leider kam es nie ganz zur Verwirklichung. Diese und andere Unternehmen wurden immer mit einem großen Haufen Enttäuschung im Dunkeln gelassen. Es hat Jahre gedauert, für jede Art von endgültigen Maßnahmen zu treten, und auch jetzt, es ist nicht geschehen, in den USA, die die meisten der Versuche in den letzten Jahren gehostet.

Dies ist ein weiterer Beweis dafür, dass die Krypto-Regulierung in den Vereinigten Staaten braucht ein starkes update.

So oder so, Kanada erntet jetzt die Belohnungen und Vorteile, die mit der Einführung des Produkts in den Finanzraum verbunden sind. Bekannt als der Zweck Bitcoin ETF (BTCC), wurden fast zehn Millionen Anteile am ersten Tag der Einführung des Produkts gehandelt. Es ist derzeit eines der größten Wertpapiere an der TSX.

Und mit dem jüngsten Anstieg von Bitcoin auf die $54.000-Marke sieht es so aus, als würde es nur noch besser werden.

Der ETF wurde von den kanadischen Aufsichtsbehörden am 12. Februar genehmigt. Er wird derzeit sowohl in kanadischen als auch in U.S.-Dollar gehandelt. Es scheint auch einen ernsthaften Trend zu geben, da andere Finanzunternehmen in Kanada nun grünes Licht für ihre eigenen ETFs bekommen. Das jüngste Unternehmen, das die Genehmigung erhalten hat, ist Evolve Funds.

Som Seif – Geschäftsführer von Purpose, dem Unternehmen hinter dem verfügbaren ETF – erklärte in einer Stellungnahme:

Wir sind so glücklich, in der Lage zu sein, bieten diese innovation für Investoren, so dass der Prozess der eigenen bitcoin einfacher als je zuvor. Wir glauben, dass bitcoin als erster und größter Vermögenswert im aufstrebenden Kryptowährungssystem seinen Wachstumskurs und seine Akzeptanz als alternativer Vermögenswert fortsetzen wird, was die Investitionsmöglichkeit, die er darstellt, weiter zementiert.

Nicht jeder ist ein Überzeugungstäter

Während all dies von den meisten Investoren und Branchenexperten als gute Nachricht angesehen wird, ist das Produkt nicht ohne seine Kritiker. Einer, der Zweifel anmeldet, ist Adrian Patten, der Vorsitzende und Mitbegründer von Cobalt, einem Devisenunternehmen. Er kommentiert:

Die gleichen Stolpersteine, die [große Unternehmen] von einer früheren Einführung abgehalten haben, sind immer noch da.

Entendiendo la montaña rusa de Bitcoin

Matt McCall supera a Louis Navellier en una apuesta de $ 5K … el pico de bitcoin y luego el retroceso … qué esperar de aquí

*** Estaremos cerrados el próximo lunes

Antes de comenzar, una nota rápida …

Nuestras oficinas de Bitcoin Up y el departamento de servicio al cliente estarán cerrados este lunes 18 de enero en honor al Dr. Martin Luther King Jr.

Si necesita ayuda, estaremos encantados de ayudarle cuando volvamos a abrir el martes.

*** Y así, Louis Navellier es $ 5,000 más pobre

Hace exactamente una semana, el legendario inversor perdió su apuesta amistosa con Matt McCall sobre lo que llegaría primero al nivel 40.000: el Dow Jones o bitcoin.

Louis tomó el Dow, Matt tomó bitcoin.

Originalmente no fue más que un amistoso desacuerdo en la oficina durante el verano. Eso fue hasta que nuestro director ejecutivo, Brian Hunt, se enteró …

Después de escuchar sus respectivos casos, Brian sintió que la diferencia de opinión sería interesante y divertida para nuestros lectores de InvestorPlace, por lo que les pidió a Louis y Matt que debatieran sus posiciones en vivo, lo que hicimos en agosto en el evento “The Race to 40K. “

Así es como se han desempeñado los dos desde …

*** Curiosamente, casi tan pronto como bitcoin superó los $ 40,000, se revirtió, devolviendo un 25%
Dado esto, si yo fuera Louis, podría poner un asterisco junto a la „victoria“ de Matt. Pero volveremos a eso en un momento …

Primero, aquí está Matt sobre su victoria:

… aunque yo „gané“ la apuesta, cualquiera que invierta en buenas acciones y / o bitcoins debería estar ganando …

Soy muy optimista sobre las acciones este año y esta década. Y soy excepcionalmente optimista con bitcoin, altcoins (criptomonedas distintas de bitcoin) y la tecnología blockchain en la que se basan.

De hecho, veo que Bitcoin incluso llegará a los $ 100,000 en algún momento de 2021. Eso sería otro 155% de los precios actuales.

Si eso suena loco, considere que le tomó solo tres semanas duplicarse de $ 20,000 a $ 40,000.

Ahora, en este punto, hagamos una pausa y veamos qué pasó con bitcoin después de que Matt publicó su actualización …

Como Matt acaba de señalar, Bitcoin tardó solo tres semanas en duplicarse. Pero como atestiguarán los inversores de toda la vida, lo que sube rápido puede bajar incluso más rápido. Y eso es ciertamente lo que sucedió con bitcoin.

A continuación, puede ver que Bitcoin supera los $ 41,500, solo para luego devolver el 25% en solo tres días, ya que cayó a $ 31,500.

Prévision du prix des bitcoins – La CTB tombera en panne si 18 000 dollars cèdent

  • Les prévisions de prix de Bitcoin deviennent négatives alors que BTC perd progressivement du terrain
  • La forte correction du prix du bitcoin fait fuir les investisseurs et les négociants
  • Les hauts plus bas sur le graphique horaire signalent une nouvelle correction

La prévision du prix des bitcoins entre dans une zone négative puisque le BTC/USD détient à peine 18 000 dollars

Ces deux derniers jours, le prix du Bitcoin a oscillé autour du niveau de 18 100 dollars. Le mouvement constant en zigzag provoque des fluctuations dans l’action des prix et fait fuir les day traders et les investisseurs. La tendance à la hausse sur les graphiques quotidiens est également menacée car le prix peut chuter fortement en l’absence d’un achat rapide aux niveaux de soutien initiaux.

En 2018, une inaction similaire de la part des investisseurs a entraîné une forte correction. Toutefois, l’inclusion des investisseurs institutionnels montre que la tendance haussière actuelle a une force inhérente. De plus, la rupture répétée au-delà des résistances historiques a construit un solide mur d’achat sous l’action des prix.

Outre le soutien des institutions, le prix est également déterminé par des facteurs fondamentaux tels que la réduction de moitié, les produits dérivés, les contrats à terme et autres. Les indicateurs techniques sont bien alignés sur les graphiques hebdomadaires à long terme de la prévision des prix de Bitcoin.

Evolution du prix des bitcoins dans les dernières 24 heures – BTC/USD strictement limité à une fourchette

Le prix de Bitcoin au cours des dernières 24 heures a été strictement limité. Il stagne dans une fourchette de 18 680 à 18 000 dollars, avec peu de mouvement de part et d’autre. Les taureaux et les ours se livrent une lutte acharnée pour pousser le prix à l’extrême, et aucun des deux ne cède.

La longue bougie du 9 décembre indique que les taureaux ont encore un peu de vapeur sur les graphiques quotidiens. L’EMA de 20 jours est toujours au-dessus du prix et montre les menaces qui pèsent sur la tendance haussière actuelle. Le prix a un support à 18 283 $ et les ours ont pu violer ce niveau deux fois au cours des dernières 24 heures. Cependant, les vendeurs n’ont pas pu maintenir leur élan et faire baisser le prix.

Il y a un mur d’achat fort à 18 000 $ et les taureaux ont pu le défendre avec acharnement. Le prix est sorti des bandes de Bollinger mais est revenu à l’intérieur en quelques heures. La dynamique d’achat est donc décalée à des niveaux de prix plus bas. Une clôture successive en dessous de l’EMA de 20 jours indiquera que les ours gagnent lentement du terrain.

Le prix du Bitcoin Cash dépasse 500 $, quelle est la prochaine étape pour BCH?

Le prix du Bitcoin Cash devrait grimper au-dessus du niveau de 550 $.

Clôture le support se situe au niveau de 500 $

BCH fait face à une résistance à la clôture au-dessus du niveau de 525 $.

Le prix du Bitcoin Cash ( BCH ) semble avoir trouvé un niveau de support solide pour démarrer une tendance haussière. Aujourd’hui, le prix a dépassé le niveau de 500 $ aujourd’hui et est monté au niveau de 510 $ où il repose actuellement.

Le sentiment général du marché des crypto-monnaies reste haussier, mais quelques actifs ont vu leurs prix observer un léger retracement par rapport au prix d’ouverture du jour.

Bitcoin Cash a commencé l’année avec peu ou pas d’élan de chaque côté, le prix se consolidant au niveau de 350 $. Le prix a continué à osciller autour de la marque pendant quelques jours jusqu’au 3 janvier, lorsque le prix de Bitcoin Cash a franchi la barre des 375 $.

Les acheteurs ont lancé un rallye haussier qui a porté le prix de 350 $ au niveau de prix de 425 $. BCH a observé une correction au niveau qui a fait chuter le prix au niveau de 400 $. Le prix a lancé un autre rallye haussier le 5 janvier, mais avec une pente plus faible.

Le deuxième rallye haussier a permis à BCH de quitter le niveau de 400 $ et de grimper au-dessus du niveau de 450 $. Cependant, le prix n’a pas réussi à clôturer au-dessus de la barre des 450 $ et est revenu au niveau de support à 425 $. Le prix s’est échangé près de la marque jusqu’à aujourd’hui, lorsque les marchés BCH ont finalement observé une fois de plus une forte dynamique haussière.

BCH est passé du niveau de 425 $ au-dessus du niveau de 500 $ avec une forte dynamique haussière. Le prix a grimpé au-dessus de 520 $ et se négocie à 523,44 $ au moment de la publication.

Indicateurs techniques et à quoi s’attendre du prix Bitcoin Cash

À travers les indicateurs techniques, la MACD montre un retournement haussier alors que l’EMA de 12 jours dépasse l’EMA de 26 jours. Avec l’augmentation de la taille des bougies vertes, l’indicateur ne fera que continuer à devenir plus haussier. L’indicateur montre actuellement une dynamique haussière sur les marchés.

Le RSI a augmenté régulièrement et a dépassé le niveau de 70,00. Cela suggère qu’il y a peu de place pour un mouvement ascendant immédiat. Si BCH continue d’augmenter à ce rythme, le prix du Bitcoin Cash peut observer une autre correction.

Dans l’ensemble, 18 des 28 principaux indicateurs techniques émettent un signal d’achat tandis que seuls trois indicateurs émettent un signal de vente. Pendant ce temps, sept indicateurs restent neutres, ne montrant aucun soutien de part et d’autre.

Les bandes de Bollinger sont actuellement en expansion, ce qui suggère une augmentation de la volatilité des prix du Bitcoin Cash à court terme.

Les traders devraient s’attendre à ce que le prix Bitcoin Cash établisse un support au niveau psychologique de 500 $. On devrait s’attendre à ce que le BCH continue d’augmenter, mais à un rythme plus lent et plus durable. BCH pourrait dépasser le niveau de 525 $ tôt demain.

Former top Facebook executive sees Bitcoin at US$200,000 in the future

Chamath Palihapitiya sees the market-leading cryptocurrency as a protective shield for society.

In recent days and weeks, Bitcoin (BTC) has been on an astronomical climb, already taking it above US$40,000. This market value is well justified, as the market-leading cryptocurrency is a hedge against global uncertainty, as billionaire and investment expert Chamath Palihapitiya explains in an interview with CNBC.

In doing so, Palihapitiya, who has held senior positions at Facebook, among others, believes it is possible that Bitcoin will climb to US$200,000 in the next five to ten years. „The reason is that every time something like the crisis happens in the world, we are reminded that our governments are not as trustworthy and reliable as they used to be,“ as the venture capitalist elaborates to this effect. To this he adds:

„So just in case we actually need some kind of hedge, then we have an independent hedge available in that [in Bitcoin].“
In the wake of the Corona crisis, governments around the world have taken various measures to cushion the economic impact of the pandemic. The US, in particular, has printed and distributed massive amounts of money.

Bitcoin, meanwhile, is a currency that is not under the control of rulers and knows no national borders. Bitcoin investors can hold their assets themselves and do not need centralised institutions like banks to do so. Moreover, Bitcoin is largely independent of other financial products and markets, as a study by Fidelity demonstrated in October 2020.

„It will eventually become something much bigger, with the data already showing us that it works,“ as Palihapitiya notes. He then adds:

„Our world is not working properly, and until we figure out how to make it better, we have a protective umbrella in Bitcoin that everyone is now claiming. That’s a great thing, I never would have thought that.“

Translated with www.DeepL.com/Translator (free version)

What factors make a rise in the price of Bitcoin likely?

Despite the apparent stagnation in the price of Bitcoin, today we bring you four factors that indicate a possible rise in its price.

The last few weeks have been dominated within the crypto market by news generated around the Bitcoin price. This is because, after several years during which the crypt currency has generally remained below $10,000 per BTC. Finally the virtual currency entered its biggest bullish rally so far. So, when the market seems to have calmed down, we’ll explain what factors make a rise in Bitcoin’s price likely.

Investors think Bitcoin won’t exceed $50,000 by 2030

The futures market

The first element that allows us to predict that the Bitcoin bullish rally has not come to an end, is the situation in the market of perpetual futures contracts on Bitcoin. In this market, exchanges charge commissions, usually every eight hours, as a method to guarantee that there are no problems in the balance sheet of the trading platform.

These commissions vary according to the supply and demand situation of these Bitcoin perpetual futures contracts. If there is a strong demand for them, the commission is positive and is charged to the buyers. While if there is pressure from the supply side, the fee is charged to the contract holder.

Thus, the current commissions in this market of around 2% are an extremely positive signal for BTC. It shows that investors in this type of product are looking to acquire long-term future contracts, thus relying on BTC’s price performance.
Commissions in the perpetual futures market seem to indicate a future rise in the price of Bitcoin. Source: CoinTelegraphThe commissions in the market for perpetual futures contracts seem to indicate a future rise in the price of Bitcoin.

MicroStrategy made over $300 million from Bitcoin

Institutional investors‘ interest in Bitcoin

One of the key factors behind the rise in Bitcoin’s price is the growing interest of institutional investors in cryptomonics. Thus, throughout the year millions of dollars of institutional investment funds have been poured into the crypto market.

And now, when the price of cryptomoney seems to have stagnated at about $20,000 per BTC. Interest from institutional investors does not seem to be receding. On the contrary, the main company serving as an intermediary between institutional investors and the market, Grayscale, continues to aggressively acquire Bitcoin.

Thus, in the last week alone, Grayscale added 14,050 Bitcoins to its Kryptonian balance sheet, bringing its total to 561,130 BTC, or $10.7 billion. A true record in the interest of institutional investors in BTC, and a clear indicator of the upward trend that still exists in the market.
Grayscale continues to acquire BTC regardless of the price of the crypt-currency. Source: bybt.comGrayscale continues to acquire Bitcoin regardless of the price of the crypt currency.

The price of Bitcoin futures

On the other hand, another indicator that allows us to know the trend of the Bitcoin price is the market of future contracts on Bitcoin. These, unlike perpetual future contracts, do have a pre-set expiration date.

Thus, by observing the price at which these contracts are traded, we can get an idea of where investors think BTC is headed. Knowing that if the spread between these futures contracts and the spot market is very high, the upward trend in the Bitcoin price is strong.

A difference of 1.5% is considered normal, while anything below that is considered very pessimistic. Currently the BTC futures market works with a 4% differential with respect to the spot market. A sign of extreme optimism among investors.

The difference between Bitcoin futures contracts and the spot market is widening. Source: Digital Assets Data / CointelegraphThe difference between Bitcoin futures contracts and the spot market widens. Source: Digital Assets Data / Cointelegraph: CoinTelegraph

The put/call ratio situation

Finally, the last element that makes us foresee an upward trend in the price of Bitcoin, is the put/call ratio situation. This ratio measures the proportion of call and put options in the market. If this ratio favors call options, we know that the market has a strong upward trend.

Standard Chartered Bank will institutionelle Plattform starten

Die Standard Chartered Bank wird eine institutionelle Investment-Plattform einführen, die Assets wie Bitcoin Revolution und Ethereum unterstützt

Standard Chartered vor kurzem angekündigt, offizielle Pläne zu bieten, institutionelle Verwahrung für einige der größten krypto-Assets in der Welt wie bitcoin.

In einer Ankündigung, SC ventures enthüllt, dass es eine Zusammenarbeit mit Northern trust, um zu helfen, starten Sie ein custodian für crypto mit institutionellen Investoren im Auge.
Als eines der größten Bankinstitute in Großbritannien, Standard Chartered erst vor kurzem angekündigt, offizielle Pläne zu bieten, institutionelle Verwahrung für einige der größten krypto-Assets in der Welt wie bitcoin.

In einer Ankündigung am 9. Dezember hat der Innovationsarm der Bank, SC Ventures, enthüllt, dass er eine Zusammenarbeit mit Northern Trust, einer Investment-Management-Gesellschaft mit Sitz in den USA, begonnen hat, um eine Krypto-Verwahrungsstelle für institutionelle Anleger zu starten.

Die Krypto-Custody-Plattform wurde „Zodia“ getauft. Sie muss noch bei der britischen Finanzaufsichtsbehörde registriert werden, aber es wird erwartet, dass sie nächstes Jahr in London startet.

Zunächst werden Währungen wie Bitcoin und Ethereum unterstützt, da sie 80% des „Gesamtvermögens“ ausmachen.

Ein leitender Angestellter der Standard Chartered-Tochter, Alex Manson, hat betont, dass der Start dieser Plattform das Engagement der Bank zeigt, sich vorwärts zu bewegen und sich an eine sich ständig verändernde Branche anzupassen.

Es wird interessant sein zu sehen, wie sich dieses Projekt entwickelt, aber es wird auf jeden Fall eine aufregende Reise sein, die man wachsen sehen kann.

 

Bitcoin’s rise from $12,000 to nearly $20,000 came through

Report: Bitcoin’s rise from $12,000 to nearly $20,000 came through „institutional hunger

Bitcoin has experienced a strong upturn in the past two months, taking the coin from $11,000 to $12,000 to new all-time highs of almost $20,000. The strength of the rally is almost at the level of the rally at the end of 2017.

According to market data, this more than 65% rally was driven almost exclusively by a single group of investors: the institutions.

What has driven Bitcoin from $12,000 to $20,000?

In recent months, traders have noticed something different in this rally than in previous ones.

While previous rallies were characterised by Bitcoin Capital sharp rises in the futures market (as evidenced by high funding rates and high open interest rates), this rally has been relatively muted. As one analyst who shares the chart below points out, this rally was relatively muted:

„The price has almost doubled since the summer high, but the OI (open interest) is now at the same level in both the USD and BTC deposit markets“.

Chart of BTC price movement since February with futures market data shared by „Edward Morra“. Chart from TradingView

In previous bull markets, rallies were characterised by a sharp rise in open interest rates and financing rates, suggesting that many traders took long positions. This indicates that the rally was led by derivatives, with the spot market following the futures markets.

This current rally was driven by spot buyers, as the chart above shows. Spot buyers usually buy Bitcoin for the long term as opposed to short term flips.

Institutional FOMO

This is far from being conjecture: There are clear signs that institutional actors were involved in the recent rally.

Ari Paul, CIO of BlockTower Capital, comments on the rally as follows:

„For most of this rally, we have seen a clear pattern of algorithmic-style buying during the US hours and flat activity during the Asian hours. These are mostly HNWs (High Net Worth Individuals) buying large amounts of money facilitated by Algos (or via an OTC desk using Algos)“.

Although it took a little longer than many expected, Paul said, „the trend for hedge fund managers like Paul Tudor Jones BTC to accumulate both personally and for their hedge funds has accelerated“.

There are also many billionaires and other Wall Street celebrities who have pledged their support for Bitcoin in recent weeks.

These include Paul Tudor Jones, Stanley Druckenmiller and a CIO at BlackRock, Rick Rieder, who has over $1.6 trillion in assets.

Retail investors are exerting increasing influence on Bitcoin

The tides have started to shift, at least within the week.

For example, the BitMEX funding rate recently experienced a sharp rise to multi-month highs. Analyst Tyler D. Coates comments:

„The daily funding rate on Bitmex is a major concern & it is a signal that weak hands buy what strong hands sell. The last funding peak occurred on 24 November“.

This indicates a rise in retail investors speculatively lunging Bitcoin into the $20,000 resistance – which has already triggered a drawdown, as seen on Tuesday evening.

The big BTC-ECHO reader survey with prizes worth over 30,000 euros

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