American entrepreneur and author of the book "The Price of the Future" Jeff Boothhas called Bitcoin a must-have asset for investment in the current financial situation.
Jeff Boothhas writes that even before the COVID-19 pandemic, the combined public debt of all countries in the world was $ 250 trillion, with a total global annual GDP of $ 135 trillion. At the same time, $ 185 trillion of debt has been accumulated over the past 20 years. After the pandemic, the situation got worse.
According to the analytical portal Coinmetrics, the boom of decentralized financing projects also affects stablecoins - the capitalization of the stable cryptocurrency market is growing by about $ 100 million per day.
"Everyone got so excited about DeFi no one pointed out that stablecoins have been adding $100m/day since mid-July. DeFi yields/interest rates are clearly a vacuum sucking in a lot of stablecoins," Coinmetrics co-founder Nic Carter wrote on Twitter.Anthony Pompliano, a cryptocurrency enthusiast and co-founder of Morgan Creek Digital, said that Bitcoin's capitalization will exceed that of gold by 2030.
This statement Anthony Pompliano made on Twitter. At the same time, Peter Schiff, a fan of investment in gold, known for provocative tweets, did not stand aside.
The founders of the Gemini cryptocurrency exchange Cameron and Tyler Winklevoss believe that Bitcoin is much more reliable than gold, because there are huge reserves of this metal on asteroids.
Popular trader Dave Portnoy interviewed the Bitcoin billionaires of the Winklevoss, in which they stated that Elon Musk will someday mine gold from asteroids, so it is better to invest in Bitcoins. The value of Bitcoin and gold is in the limited supply of these assets, but if gold is mined in space, then its price will collapse.
Michael Sonnenshein, managing director of Grayscale Investments, believes that approving Bitcoin traded exchange traded funds (ETFs) is just a matter of time.
"We think the launch of ETFs on Bitcoin is a matter of time. Regulators have done an excellent job, they are trying to stay on the cutting edge of the development of digital assets as a class," said Sonnenshein in an interview with Anthony Pompliano, founder of Morgan Creek Digital.
According to the latest report from the Kraken cryptocurrency exchange, a 31% drop in Bitcoin trading in June led to BTC's annual volatility reaching a six-month low.
According to Kraken in its report, June was the most unremarkable month on the Bitcoin trading market since February. The lack of activity on the market led to a decrease in trading volume on the exchange to a four-month low of $ 36.6 billion.According to the latest report from the Kraken cryptocurrency exchange, a 31% drop in Bitcoin trading in June led to BTC's annual volatility reaching a six-month low.
According to Kraken in its report, June was the most unremarkable month on the Bitcoin trading market since February. The lack of activity on the market led to a decrease in trading volume on the exchange to a four-month low of $ 36.6 billion.
PayPal and its Venmo mobile payment service plan to provide their 325 million users with the opportunity to directly purchase cryptocurrencies.
This was reported by CoinDesk, citing sources familiar with the situation. The publication notes that at the moment PayPal can be used to withdraw funds from some cryptocurrency sites, but the service has never been used to purchase cryptocurrencies before.
American economist and trader Nassim Taleb wrote that Bitcoin is a good idea, but most cryptocurrency users do not understand the nuances of its work.
Nassim Taleb participated in a discussion on Twitter with the "Bitcoin maximalist" Giacomo Zucco. Zucco questioned Taleb's views on the imposition of central planning by bureaucrats and politicians, since they have no "personal interest in the success" of this strategy.Outrageous businessman John McAfee announced the launch of the decentralized exchange Ghost, which is associated with the eponymous anonymous cryptocurrency and will replace the McAfeeDEX platform.
The main network of the anonymous cryptocurrency Ghost should be launched today - until that moment, Ghost tokens were placed on the Ethereum blockchain. The coin will be based on the Proof-of-Stake (PoS) consensus method, and the decentralized exchange Ghost of the same name will become the main platform for trading this cryptocurrency. The site also supports BTC, ETH, DAI, USDT and ESH.
The share of inactive Bitcoins exceeded 60%. The largest increase in the number of inactive BTC since the beginning of the year is observed among coins purchased 10 years and 2-3 years ago.
According to Glassnode, 60.63% of all BTCs did not move for more than a year. These data indicate the consolidation of BTC ownership and that investors who bought cryptocurrency at the lowest prices in 2018 have not yet begun to profit from their investments. More than four years have passed since such a large percentage of outstanding BTC did not move for more than a year.
The Bitcoin exchange rate pushed off support at the level of $ 9,000 and, according to the popular cryptocurrency analyst Michael van de Poppe, is preparing for growth to $ 12,000.
As an analyst on the social network Twitter emphasized, it was extremely important for the "bulls" that the rate of the first cryptocurrency should not be fixed below $ 9,000. At the time of publication, bitcoin is trading at $ 9,500, which means it has re-entered the channel. Van de Popp expects that the BTC will soon break through resistance at $ 10,500 and reach $ 12,000.
Binance CEO Changpeng Zhao shared his secrets of success and identified four factors for the effective expansion of cryptocurrency exchanges around the world.
In an interview, Changpeng Zhao emphasized the need for "global thinking." There are many cryptocurrency platforms claiming to be international platforms. However, if we study their activities in more detail, it turns out that they are focused on one specific region, where most of the team is located.Peter Brandt, an analyst and experienced trader, said that Ripple's XRP cryptocurrency is a fraudulent scam, with the price of coins being constantly manipulated.
Bloomberg analyst Mike McGlone believes that Bitcoin has every chance of reaching $ 20,000 this year and updating its all-time high.
In his article, McGlone writes that technical and fundamental factors increasingly indicate a positive development for Bitcoin. So, Bitcoin is becoming an increasingly popular investment tool, the number of open positions in futures continues to grow. The attitude towards cryptocurrencies among institutional investors is changing.
What should the creators of ICO pay attention to when conducting a marketing campaign for their project? And how to avoid becoming a victim of fraudulent activities from unscrupulous marketing campaigns?
Researchers at the Kraken cryptocurrency exchange believe that part of the inheritance received by the millennials and generation X will be invested in Bitcoin and this will bring its rate to $ 350,000 by 2044.
In the report "Inheriting USDs & Acquiring BTCs: How 'The Great Wealth Transfer' Will Fuel 'The Great Bitcoin Adoption,'" analysts note that at the moment, young representatives of wealthy families in America alone can inherit about $ 70 trillion. If they allocate at least 5% of the inheritance received, then more than $ 971 billion will be invested in Bitcoin.
Ethereum co-founder Vitalik Buterin called for the development of a "right" decentralized exchange for exchanging Ethereum for Bitcoin and gateways for other cryptocurrencies.
In his opinion, the fact that the two largest cryptocurrency ecosystems do not have a direct way to exchange their coins is quite "discouraging".
