Grayscale is going all out – While Bitcoin seems to consolidate, nothing seems to be able to stop Grayscale, this investment fund which, for several months, has been betting big on it. Also in this context, the company bought 16,244 bitcoins on January 19 for a total of around $ 560 million. We hit records… again!

Grayscale and its Bitcoin-focused strategy

Grayscale is the largest institutional player in the Crypto Bank review scene, with its $ 17.475 billion in BTC, far surpassing any other figure in the market. We can of course cite MicroStrategy : the software giant controls, for its part, 70,470 BTC ($ 2.06 billion) … but keeps them to himself!

Analysts predict that the increased demand for “new” bitcoin from miners will only serve to create a bidding war and push prices up. Under these conditions, institutions could have every interest in storing as much bitcoins as possible : a thorny question, on which more and more historical investors are taking a position . Grayscale , for its part, is no longer embarrassed: it is therefore the trifle of 16,244 bitcoins that were acquired on the single day of January 19 to cover the needs of its customers.

The arrival of new investors

Today, it’s not just venture capitalists looking to gain exposure to cryptocurrencies. The family offices and hedge funds are also interested in this new market, because of the many opportunities.

Bitcoin is much more mature today compared to 2017, when it set its old record around $ 20,000 before plunging again. Today, the sector tends to develop in a healthy way , while new holding and lending services are gradually emerging , which has the gift of attracting institutional investors.

According to several analysts, purchase flows from Grayscale would have strongly supported the meteoric rise of bitcoin in 2020. The number one crypto has reached a record high of $ 42,000, before undergoing a slight correction.

Il responsabile globale della ricerca sulle materie prime Jeff Currie ritiene che la quantità di denaro istituzionale in bitcoin debba crescere per far maturare il bene.

Ricerca sulle materie prime di Goldman Sachs

Un dirigente della banca d’investimento multinazionale Goldman Sachs ritiene che l’aumento della partecipazione degli investitori istituzionali sia la „chiave“ per stabilizzare i mercati nascenti, come le valute criptate.

Parlando martedì su The Coin Rush della CNBC, il responsabile globale della ricerca sulle materie prime di Goldman Sachs, Jeff Currie, ha detto che il mercato delle crittovalute „sta diventando più maturo“, ma ha ancora molta strada da fare.

„Al momento sono [investitori istituzionali] piccoli … circa 700 miliardi di dollari di denaro in bitcoin (BTC, +3,21%), di cui circa l’1% è denaro istituzionale“, ha detto Currie.

Ha anche detto che il bitcoin è un asset difensivo simile all’oro

Currie, che è il responsabile globale delle materie prime e della ricerca, ha anche detto che il bitcoin è un asset difensivo simile all’oro. Ha raccolto i 3.000 miliardi di dollari del mercato dell’oro, dicendo che una parte di quel denaro potrebbe essere destinata alla crittovaluta.

„In questo momento tutte le crittovalute hanno circa un trilione [di dollari], diciamo che cresce fino a 2 trilioni di dollari, poi basta fare un semplice calcolo – quante monete ci sono là fuori divise per questo, e si può finire con un valore equo“.

Questa valutazione potrebbe aiutare a fornire un equilibrio a lungo termine, ma i flussi in entrata e in uscita di denaro in bitcoin creano molta volatilità e molta incertezza che rendono difficile fare previsioni, ha detto Currie.

El etéreo ha estado inactivo a corto plazo, y el dominio de Bitcoin también ha sido relativamente plano en los últimos días. El mercado de altcoin estaba esperando una ruptura o un colapso. Bitcoin SV se enfrentó a una fuerte resistencia de 180 dólares, mientras que EOS intentó débilmente superar el nivel de resistencia de 3 dólares, un movimiento que indicaría una fuerza bajista debilitada. Aave tenía un flujo constante de compradores, pero mostraba una divergencia bajista que podía ver un retroceso en el precio.

Bitcoin SV [BSV]

El BSV ha estado en una tendencia alcista desde finales de noviembre. Sin embargo, el nivel de resistencia en la región de los 180 dólares ha sido rígido. Hace unos días, el precio formó un triángulo descendente (naranja) y se rompió, pero los osos no permitieron que el nivel de 183 dólares se volcara al soporte.

El MACD mostró la falta de impulso para el BSV, después de que se negociara entre 177 y 187 dólares durante los últimos días. Un giro de la resistencia al soporte en 183 dólares es necesario para que los toros traten de capturar el nivel psicológico de 200 dólares una vez más. Como muchos otros altcoins, BSV también vio un bajo volumen de operaciones en los últimos días.

EOS

EOS continuó con el tema de la reducción del volumen de operaciones, ya que parecía consolidarse bajo el nivel de resistencia de $3. El precio cerró fuera del canal descendente. Aunque esto indicaba una inversión alcista, no hubo presión de compra para impulsar el precio hacia arriba.

Un cierre por encima de 3 dólares indicaría que la tendencia bajista de las últimas dos semanas se ha debilitado. Una vez que el impulso cambie, el EOS podría dirigirse al alza hasta 3,2 dólares, que era la base del canal.

Aave [AAVE]

Aave mostró una divergencia bajista entre el precio y el impulso y vio una caída de 94 a 88 dólares en las últimas horas. El precio también cerró por debajo del canal ascendente.

El OBV mostró que el volumen de compra detrás de AAVE ha sido constante y en aumento en los últimos días. El RSI indicó que la tendencia alcista estaba intacta después de que volvió a probar la línea neutral 50 como soporte y rebotó.

La región de 80 dólares podría servir como región de demanda si la AAVE cae tan bajo en los próximos días.

Bitcoin Wallet, Bitcoin Hardware wallet, Bitcoin Storage

Statements like the one in the headline are frustrating for many. But if we think about it a bit more carefully, it is interesting how such statements are created at all. There are still respected investment managers who do not believe in the limits of Bitcoin (BTC). Their argumentation is that if it is so easy to fork Bitcoin indefinitely, then there is de facto no limit to the supply. For example, investment researcher and former hedge fund manager Jesse Felder wrote about Bitcoin in a Twitter post a few weeks ago:

Bitcoin believers rely entirely on the idea that Bitcoin is limited in availability, which makes it far more attractive than fiat currencies, which are printed like crazy by central bankers around the world. However, Bitcoin has already gone through a hardfork several times and multiplied the number and type of Bitcoins in circulation. If you add up all the hardforks that Bitcoin has gone through since its inception, the total number of Bitcoins has actually grown faster than the number of dollars. That is a fact.

And fields is by far not an isolated case. In the market and investment podcast The End Game, investment manager and writer Fred Hickey said this week:

The crypto currency number five is Bitcoin Cash! Number 12 of the largest is Bitcoin SV – there are no limits to these things. If Bitcoin became too expensive, they would simply go to another. These are speculators, they pile up everything that is crypto-currencies.

That the Bitcoin community is a mere accumulation of speculators is something we can confidently reject without even acknowledging this claim with a deeper answer. Much more we want to dedicate ourselves to the misguided idea that the offer of Bitcoin (BTC) can be extended at will by Hardforks. How do these gentlemen arrive at these assumptions? After all, one can certainly not deny them a certain intelligence.

While many Bitcoiners probably already roll their eyes annoyed when reading these quotations, this article will show that there is more behind it than just the lack of adequate research on the subject all around Bitcoin. So let’s go on an exciting search for answers together.
Bitcoin is unique! But why?

Most readers who have dealt with crypto currencies quickly realize that Bitcoin is unique. But have you ever really thought about why this is so?

It is only partly the technology. The block chain code is open source and can be copied and adapted to create new Bitcoin-like crypto currencies. In fact, there is already a whole range of so-called Bitcoin clones. But no matter what they call themselves, they are not Bitcoin.

Bitcoin Cash has increased the block size, which enables greater throughput at the expense of a higher degree of centralization. Bitcoin SV again increased the block size many times over. But the market clearly shows that investors prefer the original version of Bitcoin:

• Marketcap of Bitcoin: $352,529,970,499
• Bitcoin Cash Marketcap: $5,246,747,735 and
• Marketcap of Bitcoin SV: $3,332,880,979

But have you ever heard an institutional investor talk at length about how Bitcoin’s SegWit scaling solution gives them more confidence in the security of decentralization than the lush 128MB blocks of Bitcoin SV? This may have happened in isolated cases, but it is certainly not the rule. In addition, I’m probably not being too far out of line when I say that scalability is not a decisive investment criterion. It is not the Bitcoin-specific features that ensure that money flows predominantly into BTC. It is the network effects.

This is not to say that with more people holding Bitcoin, adopting BTC becomes more attractive. That is absolutely correct, but it is not meant here. I’m talking about the market infrastructure and services that are emerging around the world’s largest crypto currency: On ramps, sophisticated platforms, professional custody, complex derivatives and more importantly, liquidity.

These market network effects, combined with the characteristics and potential of the underlying technology, are the reason why professional investors are currently focusing on Bitcoin.