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According to Robert Kiyosaki, author of the best-selling „Rich Dad Poor Dad,“ Bitcoin is headed toward $50,000 in 2021

The price of Bitcoin (BTC) will reach $50,000 in 2021, says best-selling author Rich Dad Poor Dad, Robert Kiyosaki.

Kiyosaki reported that an „institutional wall of money“ will come into Bitcoin in 2021, potentially pushing the price even higher.

Why does Kiyosaki talk about institutional interest in Bitcoin?

In addition to being a writer, Kiyosaki is a real estate mogul and precious metals investor. He has historically favored various value stocks, including silver.

Based on institutional inflows into Bitcoin, Kiyosaki explained that BTC below $20,000 is ideal, as the next target is at $50,000:

„I’m happy to have bought Bitcoin. Next stop $50,000. A lot of institutional money will come in 2021. Buy below $20,000. If you missed Bitcoin, buy silver. Silver is poised to move because of AOC’s Green New Deal. America is in trouble. The future is bright for gold, silver, Bitcoin and entrepreneurs.“

If Bitcoin reaches $50,000, its market cap will correspond to $928 million, or about 10.3% of that of gold. Bitcoin Loophole is well positioned for a rally in the coming months due to its low correlation with the stock market.

Often, traditional safe-haven assets, such as gold, pull back when U.S. stocks plot upticks. In the case of BTC, the correlation with U.S. stocks is relatively low: the cryptocurrency has therefore experienced strong bullish trends even as the value of stocks has risen.

For example, in the last 24 hours the price of Bitcoin has increased by about 4.5%, touching a gain of 6.5% at the daily peak.

BTC’s movement occurred in parallel with that of gold, as Asian markets plummeted and U.S. stocks tracked a slight retreat. Holger Zschaepitz, market analyst at Welt, commented:

„Asian equities saw a correction along with European and U.S. futures after a mixed session on Wall Street, characterized by caution on economic risks related to anti-virus measures and ongoing fiscal stimulus negotiations in the U.S. US 10-year bond yields are below 0.9%. The dollar is stable with the euro at 1.2153. Gold rises to $1839. #Bitcoin at $19,100.“

The lack of correlation between Bitcoin and U.S. stocks is likely due to two factors. First, when risk assets go up, BTC benefits from overall growth in investor interest.

Second, stocks have risen in recent months due to unprecedented liquidity injections from the central bank. Relaxed financial conditions benefit Bitcoin as investors resort to hedging against inflation.

Trading activity on the CME and Grayscale continues to grow.

Open interest in the CME’s Bitcoin futures market hovers around $1.07 billion, not far behind OKEx and Binance Futures.

The data shows that institutional demand for Bitcoin is so high that platforms focused on these participants are outpacing major retail exchanges in terms of open interest and trading volume.

Additionally, Grayscale surpassed $13 billion in assets under management on December 15, indicating a large increase in institutional inflows into Bitcoin.

„Record AUM for Grayscale – $13 billion.“

It appears that institutions are rapidly accumulating Bitcoin as a result of investments touted by high-profile figures such as MicroStrategy, Square and MassMutual. The result, as reported by Cointelegraph, is aggressive buying pressure in both futures and options markets.

There are those who rejoice in the almost unequalled performance of Bitcoin (BTC) in the last few days, and there are others.

Roger Ver, the ardent defender of Bitcoin Cash (BCH), has chosen his side …
Meanwhile, Roger Ver criticizes (again) Bitcoin
Roger Ver and Bitcoin (BTC): I love you too

Roger Ver is one of the most vocal figures in the Bitcoin Cash (BCH) community. He has already expressed several times his disdain for the cryptomony from which his hard fork is made… Even when it skyrockets.
Proof of this was made yesterday, by a tweet from Roger Ver rather… Salty :

I would’ve continued to promote BTC if it hadn’t been intentionally crippled. Today any honest person would be embarrassed to promote something with as bad a user experience as #Bitcoin

Roger Ver is ironic about the Bitcoin network (BTC) confirmation delays and its high costs. He explains:

„I would have continued to promote the BTC if it hadn’t been intentionally crippled. Today, any honest person should be embarrassed to promote something with such a bad user experience. »

Bitcoin, more than a currency?

If Roger Ver’s grunts can make you smile in the middle of a Bitcoin bull run, they are still revealing. As the BTC approaches $20,000 again, and several analysts are talking about the possibility of an increase up to $300,000, the question of the purpose of Bitcoin still remains.

The world’s leading cryptomoney is now widely seen as an investment asset, and is regularly compared to gold. This summer, we learned that 61% of the Bitcoin in circulation had not been touched for at least a year. As a result, users tend to use the asset as a store of value rather than buying pizza or coffee.

Faced with this, Bitcoin Cash (BCH) wants to be a useful currency, at least according to Roger Ver. But is this really the case? Its payment network can handle more transactions, thanks in particular to a much larger block size (32 Mb versus 1 Mb for Bitcoin). But in reality, these possible performances will only count if Bitcoin Cash is massively adopted, which is not the case at the moment.

Still, the Bitcoin Cash price has also benefited from the current bull run. After having ousted its rival Bitcoin Cash ABC (BCHA), BCH is among the biggest increases over a week, with +44%:

Over the year, assets grew by +69%. This puts an end to fears of a fall in prices following the hard forks experienced by Altcoin. Whether Roger Ver likes it or not, for the moment it is speculation that reigns.

The end of a (very) long wait? Ethereum has finally started its launch process for phase 0 of its version 2.0. Already, future stakers have sent their ETHs on the contract. But are they as numerous as expected?

Community begins to commit funds for Ethereum 2.0

To say that Ethereum 2.0 and staking were expected is an understatement for the community of the second largest cryptocurrency at the moment. Ethereum went through long years of development and several hitches before it could move the project forward. But we now know the launch date of phase 0, which was announced by the Ethereum foundation on Wednesday.

On Ethereum Launchpad, which gathers information about the launch of Ethereum 2.0, we can see that more than 15,400 ETH have already been “staked” . This is a considerable commitment for users: these ETHs cannot be withdrawn before phase 2 of Ethereum 2.0, i.e. in at least two years.

Currently 15,400 ETH is over $ 6 million . For the mainnet to start, however, the community will have to send 524,888 ETH to the contract, so we are still a long way from it. Which did not fail to raise doubts within the crypto community.

Will Ethereum succeed in mobilizing investors?

A recently published Consensys report pointed to a potential limitation of Ethereum 2.0. Investors may want to wait before committing their funds … Especially if the grass is greener elsewhere:

“There is concern that ETH hodlers might (at best) wait to see how much the initial staking brings in , comparing it to the DeFi sector . At worst, they could also choose not to “risk” locking in their ETH before phase 1.5, which will take place at least in a year and a half, in case a bull run […] occurs in the meantime. “

The launch of ETH 2.0 indeed comes at a time when the prices of Bitcoin (BTC) and Ether are on an upward slope. For ETH holders, therefore, it makes sense to wait and see where it goes.

In addition, the DeFi sector is also in competition … If one is ready to assume the risks. The „Degens“ have shown that they do not hesitate to send their funds to risky contracts in order to take advantage of opportunities, Andre Cronje has experienced this several times. A less risky investment, but also less immediate, will it therefore be enough to tempt ETH holders in sufficient numbers?

Die iranische Regierung hat es den Bergleuten von Bitcoin (BTC) im Land vorgeschrieben, ihre Münzen an den Staat zu verkaufen, damit die Behörden die digitale Währung verwenden können, um Importe inmitten lähmender internationaler Sanktionen zu bezahlen. Dies geht aus Berichten vom 30. Oktober 2020 hervor.

Iran hofft auf Bitcoin

Während der Iran eines der reichsten Länder der Welt ist, wenn es um die Erdöl- und Erdgasförderung geht, wurde die Wirtschaft des Islamischen Staates durch internationale Sanktionen sowie die COVID-19-Pandemie, die seine tägliche Ölförderung von 3,1 Millionen zum Absturz brachte, fast lahmgelegt Fässer auf nur 1,9 Millionen.

Um die wirtschaftliche Not zu lindern und Mittel für die Zahlung von Importen zu generieren, haben das Energieministerium und die iranische Zentralbank ein Gesetz erlassen, das es registrierten Bitcoin-Bergleuten in der Region vorschreibt, ihre Münzen an die USA zu verkaufen Zustand.

Es wird daran erinnert, dass die iranische Regierung offiziell legalisiert Cryptocurrency Mining-Operationen im August 2019 und machte es für Bergleute obligatorisch, die erforderliche Lizenz vom Ministerium für Industrie, Bergbau und Handel zu sichern.

Pro Quellen In der Nähe der jüngsten Entwicklung hat der Iran, der kürzlich seine primäre Reservewährung vom US-Dollar auf den chinesischen Yuan umgestellt hat, da er nicht mehr auf seine USD-Reserven zugreifen kann, in den letzten 24 Monaten einen Absturz seiner Devisenreserven um mehr als 33 Prozent beobachtet und es sucht jetzt nach Wegen, um sein schwindendes Vermögen umzukehren.

Während sich Bitcoin (BTC) und andere Kryptowährungen völlig von den globalen Fiat-Währungen unterscheiden, hofft die iranische Regierung, dass die grenzenlose Natur der ersteren die Bezahlung ihrer internationalen Handelspartner erleichtert.

Obwohl die Regierung noch keine weiteren Details zu dem Umzug veröffentlicht hat, hat das CBI jedoch angedeutet, dass die Bergleute die Kryptos direkt an bestimmte Kanäle senden müssen, die ihnen zur Verfügung gestellt werden

Mit dem Preis von Bitcoin (BTC) Jetzt bleibt wieder abzuwarten, ob die iranische Regierung die Münzen zu einem angemessenen Preis von Bergleuten kaufen kann, was den Deal zu einem Win-Win-Szenario für alle Parteien macht.

Die Haltung des Iran zur Krypto bleibt wie die der Regierung unklar Vorschriften In Bezug auf die aufkeimende Klasse digitaler Vermögenswerte kann die neue Allianz jedoch nicht als vollständig zugänglich bezeichnet werden. Die neue Allianz könnte jedoch möglicherweise die Situation ändern, insbesondere wenn die Nation die nachteiligen Auswirkungen ihrer internationalen Sanktionen über Bitcoin erfolgreich abfedert.

JPMorgan Chase now recognises the blockchain’s profitability and has created a new business dedicated to digital currency and blockchain work.

JPMorgan’s Stablecoin finally sees the light of dayNOTÍCIAS

A year and a half after it was Bitcoin Code first announced, JPM Coin – the internal stablecoin of JPMorgan Chase – is now active and in use by a major transnational technology company for international payments 24 hours a day.

Bitcoin, stablecoins and tokens are ‚welcome‘ in Brazil’s Central Bank Sandbox
According to a 27 October news story, this real-world proof that the technology is increasing efficiency and reducing costs has reinforced the megabank’s confidence in the promise and profitability of the technology. With the expectation that more commercial customers will sign up to use stablecoin, JPMorgan has created a business dedicated to digital currency and blockchain.

The new business unit, named „Onyx“, has over 100 employees and is being led by Umar Farooq as CEO. Takis Georgakopoulos, JPMorgan’s global head of wholesale payments, told reporters:

„We are moving into a period of marketing […] from research and development to something that can become a real business.
In the wake of PayPal’s recent adoption of cryptomeda, confidence among incumbents that blockchain can actually generate money for them appears to be increasing. JPMorgan’s experimentation and development with the technology so far can be divided into several main areas.

BNDES is featured in OECD mega event with crypto market big players like Ethereum and Coinbase
First, the megabank is testing a blockchain-based Interbank Information Network since 2017, involving over 400 participating banks and companies. JPMorgan believes that the network, now renamed Liink, can bring significant efficiency savings to the complex interactions of correspondent banks in international wholesale payments. JPMorgan itself is responsible for international wholesale payment flows of more than $6 trillion per day in more than 100 different countries.

The bank has also identified the usefulness of blockchain to innovate the existing and outdated system of processing „hundreds and millions“ of paper cheques. Blockchain and scanning can safely banish the physical aspects of this transaction completely. Georgakopoulos said a new blockchain system is months away from commercial launch:

„Using a version of blockchain with participants being the main check issuers and the main lockbox operators, we can save 75% of the industry’s total cost today and make the checks available in a matter of minutes instead of days.
Finally, JPMorgan relies on the blockchain to create new payment trails for global central banks and their evolving digital currencies. Pointing to China and Singapore, Georgakopoulos expressed his confidence that the likelihood of CBDC adoption is „very high“.

The new CEO of Onyx gave his insights on why developments seemed „slow“, or at least equivocal, at the blockchain front at JPMorgan so far:

„If you think of blockchain, we are either somewhere in the valley of disappointment or just beyond it in the hype curve. That’s why at JPMorgan we were relatively quiet about it until we were ready to expand it and market it.

Keith McCullough, CEO da Hedgeye, disse que o mercado de criptomoedas de hoje decidiu vender todos os Bitcoin Superstar que possui. A decisão partiu de sua análise de como o mercado está em um período de desaceleração.

Em 6 de outubro, o CEO da Hedgeye, uma empresa de gestão de risco, fez um post no Twitter em que afirmava sua venda

Alguns dias depois, McCullough acompanhou seu Tweet, onde afirmou que defendeu sua decisão sobre a venda já que, de acordo com sua análise, o Bitcoin tem que ultrapassar seu preço médio de venda. Para isso, o Bitcoin teria que ultrapassar $ 11K

Aumento do preço do Bitcoin: a recuperação de Trump do COVID influenciou isso?

Previsão de preço do Bitcoin – BTC / USD atinge $ 11.500 enquanto touros olham para o próximo penhasco de $ 12.000

Ele também explicou o que fez em um post no site oficial de Hedgeye. Aqui ele afirma que não tomou sua decisão pessoalmente, mas queria maximizar o retorno do capital investido. McCullough deu a entender que há uma probabilidade crescente de # Quad4 no quarto trimestre. Keith McCullough acredita que há uma desaceleração da inflação e do crescimento monetário.

O CEO prevê em outras declarações que o fortalecimento do dólar nesta semana pode reverter o valor do Bitcoin. Notavelmente, o Bitcoin neste fim de semana subiu para $ 11.300.

Seus 190 mil seguidores receberam a notícia chocante no Twitter. A Hedgeye Risk Management oferece aos seus clientes a melhor ferramenta para a gestão de riscos

Hedgeye fornece serviços de consultoria para empresas com mais de US $ um trilhão em ativos. Esta empresa oferece consultoria financeira e conteúdo em seu canal do YouTube “Hedgeye TV”. Keith McCullough oferece conselhos econômicos neste canal, entre outras coisas, para seus 42 mil seguidores.

Em um vídeo do Youtube, o CEO disse que o Bitcoin parecia otimista. Ele também disse que há uma correlação inversa, a uma taxa crescente, com o índice do dólar.

Keith McCullough falou formalmente sobre o Bitcoin em dezembro de 2017. Naquele ano, o Bitcoin atingiu US $ 20.000. Desde então, McCullough falou sobre a moeda.