All-time highs and $30,000 possible by the end of the year: 5 important things to know about bitcoin

Hodler got a nice gift for Christmas with Bitcoin’s new all-time highs. However, it is now also coming into the crosshairs of regulators.

Bitcoin (BTC) has had a week like no other. It hit new all-time highs of $28,400 and is holding very high.
What’s next for it?

Cointelegraph presents five factors that will influence the direction of the Bitcoin Formula price this week.

Gold rises on Trump’s signing of stimulus package

Markets were spared a nightmare this week after U.S. President Donald Trump agreed to sign off on Congress‘ $900 billion stimulus package.

The package makes the U.S. central bank’s debt pile even bigger and includes various perks for businesses. For U.S. citizens, however, the direct financial aid is less than it was in March.

Trump said he could not agree to the second package because of the small amount of direct payments ($600 instead of $1,200), but later changed his mind.

Thus, the markets started the new week on a positive note. The S&P 500 futures were able to record slight gains before the opening on Wall Street.

At the same time, the price of gold has also grown. Data shows that the precious metal could now make its biggest annual gain in a decade.

Compared to the end of November, XAU/USD is up $111, or 6.25 percent.

„President @realDonaldTrump vetoed only nine bills. That’s the fewest number since Warren Harding, who was in office for only two years, from 1921 to 1923,“ as gold advocate and notorious bitcoin critic Peter Schiff tweeted when the bill was signed into law.

„Since Chester Arthur (1881 to 1885), no president who has served a full term has vetoed fewer bills. You can’t drain the swamp by making it deeper.“

Regulations expected for Bitcoin

After becoming popular with a wider audience over Christmas and reaching new highs, Bitcoin could soon run afoul of governments, sources warn.

With a new all-time high of $28,400 and a monthly increase of 55 percent, Bitcoin is now on regulators‘ radar as its mass appeal grows. Even for its proponents, the next year could be a challenging time.

After still-Treasury Secretary Steven Mnuchin tried to force new laws on non-custodial wallets, his successor Janet Yellen is unlikely to do any better, they say.

„In general, I think we’ve had challenges with Democrats. They favor more regulation, more oversight,“ chief strategist at digital asset manager CoinShares Meltem Demirors told Bloomberg on Sunday.

„I’m a little concerned about the direction things are going.“

As is common in the U.S., divergent political allegiances mean attacks by crypto-friendly people elsewhere can be mitigated. The new chairman of the U.S. Securities and Exchange Commission (SEC) Elad Roisman is considered a fan.

Analyst: bitcoin decline at $28,400 ‚very healthy‘

Focusing on the recent Bitcoin spot market performance, Monday may become an important test for the bulls given the momentum from the weekend.

After hitting an all-time high of $28,400 on Sunday, Bitcoin saw a decline that many had already expected.

„#Bitcoin is making a very healthy correction as it went pretty vertical. Could be a temporary top,“ Cointelegraph Markets analyst Michaël van de Poppe summarized.

„What comes next? Consolidation, sideways movement, less volatility. That gives the rest of the markets room to keep up, $BTC pairs are doing well.“

BTC/USD hourly candles chart. Source: TradingView

Van de Poppe sees potential for altcoins to respond to the bitcoin surge, arguing that there are already signs that the „alt season“ is upon us.

„After #Bitcoin finishes its run (and it was pretty vertical), money will flow towards altcoins with large market caps. And then toward medium and then small market cap altcoins,“ van de Poppe continued.

„Altcoins are not dead, the flow of money is still the same.“

PayPal’s Digital Currency Friend Paxos Trust Trust Experiences Major Funding Round

Paxos Trust – il partner ufficiale della crittovaluta di PayPal – ha raccolto più di 140 milioni di dollari in nuovi finanziamenti attraverso un round di finanziamento di serie C.

Paxos Trust sta mettendo le mani su un sacco di soldi

Il round è stato condotto da una società nota come Declaration Partners, un’impresa d’investimento sostenuta dal miliardario e filantropo David M. Rubenstein. Tra le altre società che hanno partecipato al round di finanziamento vi sono Mithril Capital, RIT Capital Partners, RRE Ventures e Liberty City Ventures.

L’amministratore delegato di Paxos Charles Cascarilla ha spiegato in una recente intervista:

Siamo orgogliosi di annoverare tra i nostri clienti i leader mondiali nei settori dei pagamenti, delle banche, del trading e di fintech.

Paxos è stata a capo di diversi nuovi sviluppi della crittovaluta. Già in ottobre è stato annunciato che il più grande sistema di pagamento digitale al mondo, PayPal, permetterà ai suoi clienti non solo di acquistare le valute criptate attraverso il suo sito, ma anche di utilizzare queste risorse per mettere le mani su beni e servizi.

In altre parole, si potrebbe utilizzare la crittografia nello stesso modo in cui si utilizzano le valute o le carte di credito e di debito. Crypto veniva utilizzato nella sua funzione primaria: come strumento di pagamento.

Tuttavia, Paxos è ciò che in definitiva permetterebbe a PayPal di fornire i suoi servizi di cripto alle aziende e agli individui con sede nell’area di New York. New York ha alcune delle normative più severe in materia di bitcoin e crittografia in circolazione, e spesso richiede alle aziende che si dedicano all’attività basata sulla crittografia di acquisire una BitLicense prima di diventare operative nello stato. Sono pochissime le aziende che ne hanno ottenuto una, anche se alcune – come la Gemini Exchange – si qualificano come titolari legittimi.

PayPal non ha ottenuto una BitLicense, ma ha ottenuto una BitLicense „condizionale“ attraverso Paxos. Questa partnership ha fatto sì che PayPal potesse operare nella Grande Mela e sgranare i suoi prodotti e servizi basati sulla crittografia attraverso una terza parte che possedeva una BitLicense. Alla fine questa società si è rivelata essere Paxos.

All’avanguardia di un nuovo ordine bancario

Ma le notizie riguardanti lo studio non si fermano qui. Paxos è ora in missione per affermarsi come banca ufficiale. Quasi due settimane fa, il consulente legale generale e il capo dell’offerta di conformità per l’azienda Dan Burstein ha spiegato in un post sul blog:

Questa settimana, la Paxos ha presentato la sua richiesta all’Ufficio del Controllore della Valuta degli Stati Uniti (OCC) per una carta nazionale della Trust Bank. Se verrà concessa questa carta nazionale, Paxos diventerà il primo custode dei beni digitali ad essere regolamentato sia a livello statale che federale. Siamo entusiasti dei vantaggi che una banca fiduciaria nazionale può apportare alla nostra attività, alle operazioni e al servizio clienti. La nostra missione è quella di modernizzare le infrastrutture del mercato finanziario e di consentire la circolazione di qualsiasi bene, in qualsiasi momento, in modo affidabile. Una carta nazionale della Banca Fiduciaria Nazionale ci aiuterebbe a realizzare il nostro obiettivo consentendoci di servire i clienti in tutto il Paese nel modo più efficiente.

Bitcoin course potential according to the fundamental analysis of a billion dollar company is $ 400,000, Ethereum and XRP course in the analysis & the latest IOTA update

Three cryptocurrencies in comparison: Bitcoin, Ethereum and Ripple. On the picture you can see the respective coins ETH, BTC and XRp.

Welcome to our CryptoMonday weekly review of KW 51

As usual there was a lot to report this week and so it is not surprising that we can come up with a whole range of interesting news in front of the door.

Our topics this week range from a fundamental analysis of a billion dollar company that sees the Bitcoin price at around $ 400,000, to the current status quo around the Ethereum price and what conclusions can be drawn from it for the entire market, IOTA’s latest update to to Bitcoin Code and the current situation of their native crypto currency XRP.

And of course that was far from all! But that’s enough of the preface. Have fun with our CryptoMonday weekly review!

Afterwards, let us know what the most exciting or significant events were for you this week and discuss them with our community on Telegram .

Bitcoin course of $ 400,000 according to fundamental analysis by Guggenheim & other company confirms BTC purchase of 744 million

Bitcoin price rises sharply and can record price gains. The picture shows a price curve as well as stacked bitcoins.

The Bitcoin price has shot up well above its all-time high from the end of 2017. Many celebrate this event as a great success, but if you believe the experts from the corporate world, this is just the beginning.

The CIO of Guggenheim let it be known that, according to their fundamental analysis, the Bitcoin price should be around 20 times its value today. Another billion-dollar company also confirmed that it has invested over $ 700 million in BTC. But one after the other. In this article , we’ll take a closer look at what’s behind this news.

75% of private CFD accounts lose money. No EU investor protection

Ethereum is targeting $ 780, while these 3 indicators do not rule out an early market correction
The Ethereum (ETH) price rises and falls. The picture shows an Ethereum Coin and price candles in the background.

While everyone is watching the Bitcoin course with awe, it is worth looking to the left and right from time to time due to the high correlation of most cryptocurrencies with one another. In the case of Bitcoin , of course, all that remains is to look down and the first thing we see there is Ethereum . Therefore, today we want to devote ourselves to an extensive Ethereum course analysis in order to filter out how the crypto market is currently doing. Call up analysis .

IOTA Chrysalis Phase 2 live: Can the IOTA course benefit?

The IOTA price has risen. Thus the MIOTA price experiences a strong increase in value. This is commonly referred to as an IOTA Pump. The picture shows a MIOTA Coin in front of a rising price graph.

After the major crypto currencies such as Bitcoin, Ethereum and Co. could rise sharply in the last 7 days, we want to take a look at the IOTA (MIOTA) price today . Data from Coinmarketcap shows that IOTA was unable to outperform the market and has also been significantly below the average in the last 7 days with a price growth of + 11% compared to Bitcoin (+ 27%) or Litecoin (+ 22%).

Nevertheless, there is positive news: The IOTA Chrysalis Phase 2 is live. You can read what that means here .

UN ANALISTA HISTÓRICAMENTE PRECISO ESPERA QUE BITCOIN ALCANCE LOS 18.000 DÓLARES EN LOS PRÓXIMOS DÍAS

  • Bitcoin ha estado subiendo una vez más después de días de consolidación.
  • La criptodivisa se negocia actualmente por 16.100 dólares, aunque hace 16.500 horas se negociaba hasta 16.500 dólares.
  • Un destacado analista dice que 1k Daily Profit está operando en medio de un patrón de libro de texto Elliot Wave que probablemente termine con la BTC alcanzando un máximo de 18.200 dólares en los próximos días, para luego corregirlo hacia los 15.000 dólares.

BITCOIN PODRÍA VER UN ÚLTIMO TRAMO MÁS ALTO

Bitcoin ha estado subiendo una vez más después de días de consolidación. La principal criptodivisa se negocia actualmente por 16.100 dólares, aunque llegó a los 16.500 dólares hace unas horas cuando los compradores intervinieron.

Los analistas creen que la cripto-moneda podría ver otro tramo más alto, potencialmente hacia los máximos históricos.

El mismo operador que predijo que Bitcoin vería una inversión en forma de V en marzo de 2020 comentó recientemente el precio de Bitcoin. Compartió el siguiente gráfico, que sugiere que la criptodivisa se está negociando en medio de un patrón de onda Elliot de libro de texto que probablemente terminará con BTC alcanzando un pico de 18.200 dólares en los próximos días, y luego se corregirá hacia los 15.000 dólares.

Si Bitcoin sube a ese nivel desde el precio actual de 16.100 dólares, se marcaría una subida del 13%. Los analistas piensan que la BTC no ha llegado al tope todavía debido a la falta de sobreapalancamiento extremo en el mercado de futuros y a la falta de un tope de soplado, que es cuando un activo se recupera rápidamente para revertirse sólo horas o días después.

El repunte de Bitcoin hasta ahora ha sido relativamente suave según los estándares históricos.

El mismo operador predijo previamente el movimiento por encima de 16.000 dólares, compartiendo el gráfico siguiente que indica que Bitcoin rompería desde menos de 16.000 dólares hacia 17.000 dólares. Ese movimiento parece estar teniendo lugar mientras escribo esto.

Dijo al respecto:

„Breakout, retest, barrido de volumen fuerte hacia abajo, rastreado toda la zona de volumen y más. Más bajada me sorprendería. Tiempo de comercio de la fuga, sobre el rojo. 15-15.3 sería un lugar ideal para pujar“.

MEJORES TENDENCIAS FUNDAMENTALES QUE NUNCA ANTES

Los fundamentos de Bitcoin están mejor que nunca. El mismo comerciante compartió recientemente una confluencia de razones por las que BTC se ve mejor ahora que nunca, incluso si descartamos la acción del precio.

Las siguientes son algunas de esas razones:

  • Los analistas de JP Morgan están ahora al alza en Bitcoin, argumentando que algunos inversores están empezando a ver la moneda como una alternativa al oro.
  • Los inversores multimillonarios están empezando a adquirir la criptodivisa líder. Stanley Druckenmiller, uno de los mejores administradores de activos del mundo, es el último multimillonario que se ha unido al partido como lo demuestra una reciente entrevista de la CNBC.
  • PayPal ahora apoya las compras y ventas de criptodólares y pronto se expandirá a los pagos.
  • El banco central de Irán ahora está negociando en Bitcoin, aunque no está claro hasta dónde llega su participación.
  • Grayscale está comprando Bitcoin y Ethereum en masa debido a la demanda institucional de cripto moneda.

Der milliardenschwere Hedge-Fonds-Manager Ray Dalio ist kein Fan von Bitcoin und sagt, dass Regierungen die BTC verbieten werden, wenn sie zu gross wird

Ray Dalio, der Gründer von Bridgewater Associates, sagt, Bitcoin habe entscheidende Mängel
Laut Dalio ist Bitcoin weder als Tauschmittel noch als Wertaufbewahrungsmittel wirksam
Dalio sagt, wenn Bitcoin zu gross wird, werden die Regierungen es verbieten

Ray Dalio ist kein Fan von Bitcoin

Wir haben zwar eine Welle positiver Stimmungen über Bitcoin BTC erlebt, 1,18% kamen von einigen großen traditionellen Investoren wie Stanley Druckenmiller, aber nicht alle sind an Bord. Ray Dalio, der milliardenschwere Hedgefonds-Manager an der Spitze von Bridgewater Associates, sagt, dass Bitcoin nicht so erfolgreich sein wird, wie viele Kryptogeld-Enthusiasten sich das vorstellen.

Dalio wurde kürzlich in einem Interview mit Yahoo Finance nach seinen Gedanken zu digitalen Währungen gefragt. Er sagte, dass digitale Währungen in zwei Kategorien eingeteilt werden können – es gibt „alternative Währungen“ wie Bitcoin und es gibt digitalisierte Versionen von bestehenden Fiat-Währungen. Dalio zufolge werden wir in Zukunft noch viel mehr von der letzteren Kategorie sehen, da digitale Währungen in der Art von Bitcoin einige wesentliche Mängel aufweisen.

Dalios erstes Argument gegen Bitcoin ist, dass es sich nicht um ein effektives Tauschmittel handelt. Er ist auch der Meinung, dass Btcoin kein effektiver Speicher von Reichtum ist, weil es zu viel Volatilität aufweist. Diese Volatilität macht Bitcoin auch als Tauschmittel weniger nützlich.

Das wohl größte Problem, das Dalio mit Bitcoin sieht, ist, dass die Regierungen Bitcoin einfach nicht akzeptieren wollen. Wenn Bitcoin bis zu einem Punkt wächst, an dem es „materiell“ wird, sagt Dalio, dann werden die Regierungen reagieren, indem sie es verbieten:

„Wenn es materiell wird, werden die Regierungen es nicht mehr zulassen. Sie werden es ächten, und sie werden alle ihre Zähne benutzen, um dies durchzusetzen. Sie würden sagen:

OK, Sie können keine Geschäfte mit Bitcoin tätigen, Sie können Bitcoin nicht haben

Auch wenn ein Angriff auf das Bitcoin-Netzwerk selbst für die Regierungen wahrscheinlich nicht durchführbar wäre, so könnten sie doch mit anderen Mitteln gegen Bitcoin vorgehen – zum Beispiel durch das Verbot des Handels zwischen Kryptowährungen und Fiat-Währungen und die Einstellung des Handels mit Kryptowährungen.

Und während Bitcoin von vielen BTC-Bullen mit Gold verglichen wird, kauft Dalio auch dieses Argument nicht ab. Der milliardenschwere Hedge-Fonds-Manager sagt, wenn Zentralbanken und Länder eine Alternative für Bargeld brauchen, werden sie sich für Gold entscheiden.

„Nein, ich würde Bitcoin dem Gold nicht vorziehen. Gold wird das Vehikel sein, das die Zentralbanken und Länder als Alternative zum regulären Bargeld benutzen werden“.

Skeptiker haben derzeit wenig Einfluss auf den Bitcoin-Markt, da sich die größte Kryptowährung der Welt derzeit einer bullishen Marktstimmung erfreut. Früher, heute, knackte der Preis von Bitcoin zum ersten Mal seit 2017 die 16.000-Dollar-Marke.