Gold follower Peter Schiff: Bitcoin could rise to 100,000 US dollars

„A temporary rise to US$100,000 is possible, but a „permanent decline down to zero is inevitable,“ Peter Schiff said on Twitter.

Peter Schiff once said „bitcoin will never reach US$50,000“. Now the gold advocate has reiterated his pessimistic prediction that Bitcoin (BTC) will eventually fall to zero.

In 2019, CNBC host Joe Kernen speculated by Bitcoin Circuit that the bitcoin price would reach US$55,000 by May 2020. Peter Schiff made fun of him at the time, saying „Bitcoin will never reach US$50,000“.

After some delay, the Bitcoin price has now climbed to a new all-time high of more than 50,000 US dollars

This means it has risen by 8 per cent this week. The crypto community on Twitter, including the gold advocate’s son, have given Schiff another look at his words.

After his predictions were proven wrong, Schiff has stated that a bitcoin price of $100,000 „cannot be ruled out“. But a „permanent decline down to zero is inevitable“. Schiff’s son Spencer Schiff, a bitcoin proponent, has apparently mocked his father’s inability to admit he may have been wrong about bitcoin.

Schiff, a well-known Bitcoin critic, has made several incorrect predictions about the crypto-asset’s price performance over the years. He clearly advocates gold investment. During the March 2020 collapse, the gold proponent said bitcoin would fall much lower than US$4,000. His prediction turned out to be a bottom, not the peak of a major price move.

Schiff said he was „wrong“ about the new all-time high in this case, but still declared that US$50,000 worth of Bitcoin was „the biggest bubble“ among all financial assets. However, some of his gold predictions have also proved incorrect. In 2010, Schiff said that the price of gold would be „US$5,000 to US$10,000 per ounce over the next 5 to 10 years“. In fact, the price of the precious metal only just climbed above the US$2,000 mark in 2020 and then fell to US$1,700.

Nigerias värdepappersregulator har stött centralbankens kryptoförbud genom att stänga av sitt planerade regelverk för digitala tillgångar.

Den nigerianska värdepappers- och börskommissionen har lagt sina planer för att reglera kryptovalutor i spärr efter det senaste förbudet från centralbanken som förbjuder finansinstitut att betjäna kryptobörser.

I ett e-postmeddelande som citerades av Daily Post på fredag uppgav SEC :

„För att få tillträde till SEC Regulatory Incubation Framework, bedöms härmed alla personer (och produkter) som berörs av CBN-cirkuläret den 5 februari 2021 tills sådana personer kan driva bankkonton inom nigerianen banksystem.“

Som tidigare rapporterats av Bitcoin Billionaire erkände kommissionen digitala tillgångar redan i september 2020. Vid den tiden sa SEC att den var inställd på att skapa en reglerande sandlåda för kryptovalutor som en del av ansträngningarna att helt reglera marknaden.

För SEC är dess senaste uttalande som svar på förfrågningar från intressenter om de upplevda politiska konflikterna mellan tillkännagivandet i september och centralbankens cirkulär. Enligt kommissionen kommer det lagstadgade sandlådeförslaget för icke-kryptofintech-företag som fokuserar på kapitalmarknaden fortfarande att fortsätta som planerat.

Reaktionerna på centralbankens kryptoförbud har uppenbarligen delats längs etniska och geopolitiska linjer över hela landet med de mer progressiva sinnen i politiken som argumenterar mot flytten

Centralbanken för sin del har sagt att åtgärden togs för att bekämpa användningen av virtuella valutor av kriminella element i Nigeria.

Senatens plenarsession på torsdag såg några senatorer som krävde en mer nyanserad strategi från centralbanken när det gäller att reglera kryptovalutor. Senator Sani Musa från Niger East Senatorial District hävdade emellertid att Bitcoin hade gjort nairan „nästan värdelös.“

Som en del av överläggningarna beslutade den nigerianska senaten att bjuda in CBN-guvernören att framträda i lämpliga kommittéer för att diskutera möjliga mekanismer för framtida kryptovalutaregler i landet.

Brave doubled its number of monthly users in just a few months, from 11.6 million to 25.4 million. Accompanied by the BAT token, the crypto-browser continues to expand and intends to attract users who have less and less confidence in the processing of their personal data managed by the giants of the Web.

Ever stronger growth for Brave

During the year 2020, the number of Bitcoin Rejoin users increased from 11.6 to 25.4 million monthly active users according to their press release . In addition, their daily user count increased from 3.8 to 8.6 million, an increase of 126%.

“ Last November, we passed the 20 million monthly active users milestone, and we expect even more amazing growth in 2021 as more users seek default browsing to protect their use. daily from the Web, ” added Brave in its release.

It seems that the Brave crypto-browser has found the recipe for success. Despite the certain dominance of Google in the field of web browsers, Brave has stood out thanks to the Basic Attention Token (BAT) and its model based on confidentiality .

By activating “Braves Rewards” and their in-browser portfolio, Brave users can support websites or content creators (YouTube, Twitch, Twitter, GitHub, etc.) directly through their computer or smartphone. To date, Brave users have rewarded their favorite content creators with 26 million BATs, which represents 6.7 million euros as of this writing.

The BAT token continues to develop and prove its usefulness. Over 4.3 million monthly transactions were made between users and over 12 million wallets were created.

Brave sees a future all mapped out

Brave CEO Brendan Eich said the surge in users is a sign that people want to “ get out of the surveillance economy ” before adding:

“ 25 million people have switched to Brave to protect their privacy and regain control of their browsing. Users are realizing that a new way to browse the web is just a click away with a seamless download from Brave, and they can escape the economy of surveillance while still being rewarded for using. from their browser. “

Brave Ads revenue has increased 28-fold in the past 16 months. Around 200 countries now support Brave Ads campaigns with over 2 billion ad confirmations to date. Over 2,800 campaigns were run by more than 465 advertisers, for well-known brands such as The New York Times, PayPal, Ledger, Amazon and many more.

The average click-through rate for a Brave Ads campaign is 9%, which remains well above the industry average of just 2%. As a result, many brands are seeing even greater engagement.

According to Brendan Eich, “ Fewer users trust Big Tech . “ Many are running away from the internet giants such as Facebook and Google who hold the monopoly of the current Internet.

Galaxy Digitalin toimitusjohtaja Mike Novogratz sanoo, että Bitcoinin markkina-arvo peittää Teslan kesäkuuhun 2021 mennessä.

Digitaalisen omaisuudenhoitoyrityksen johtaja otti Twitterissä selittääkseen, miksi hän uskoo Bitcoinin markkina-arvon kasvavan paljon nopeammin kuin Tesla tulevina kuukausina.

BTC: llä on suurempi markkina-arvo kuin TSLA: lla 6 kuukauden kuluessa.

Molemmat ovat “ uskontoja “, vaikka TSLA: lla on niin paljon riskejä Elon Muskin ympärillä, kun taas BTC: n omistaa ja ylläpitää jättimäinen hajautettu yhteisö, joka kasvaa päivittäin. Se on riskinhallinnan veto. Omistan 2 TSLA: ta kokonaan. “

Tätä kirjoitettaessa, Bitcoin n markkina-arvo on yli $ 428 miljardia euroa ja Teslan seisoo on $ 616 miljardia euroa.

Tuoreessa haastattelussa Real Visionin kanssa Novogratz sanoo, että sekä Bitcoin että Tesla ovat osa laajamittaista härkämarkkinaa , jota ohjaavat matalat hinnat ja kasvava kasvu

„Puhuin yhdelle – en nimeä nimiä, mutta kirjaimellisesti viiden parhaan legendan joukkoon sijoitusmaailmassa tänä aamuna. Sanoin, että olen huolissani Airbnb: n noususta 120% ensimmäisenä päivänä, lumihiutale 100-kertaisina tuloina ja puhuin toisen ystävän kanssa, jonka arvo oli 2 miljardia dollaria 8 miljardia dollaria … ja se todella huolestuttaa minua.

Ymmärrän, että aiomme pitää hinnat alhaisina, ja kasvu on piristymässä. Rakastan raakaa, olen pitkä raakaa. Voit olla pitkä kupari. Tulemme saamaan suuren kasvun yllätyksen ensi vuoden alussa, ja sitten toisella vuosineljänneksellä se räjähtää. On makrosyy olla pitkä. Hänen mielestään hän sanoi, kuuntele, se on pelottavaa. Siinä ei ole järkeä. Sinun on päätettävä, aionko ajaa sitä vai ei?

Silloin ei kadu, jos päätät, ettet aio ajaa sitä, kuten ajamme tämän uuden järjestelmän vimmaista kuplaa, jossa olemme, kun painat enemmän rahaa kuin koskaan ennen olemme nähneet. Mikä ajaa Bitcoinia, ajaa Teslaa ja Lumihiutaleet ja kaikki hankkeet takaisin. „

What’s going on with the Bitcoin price (BTC) right now hasn’t been seen since the crypto hype at the end of 2017. The price of a Bitcoin is climbing to a new record all-time high almost every hour and is currently quoted at 28,250 US dollars. On a weekly basis, the price is thus up by more than 17 percent. Why there is currently no stopping it and why the 30,000 US dollar mark could also be reached quickly.

The Bitcoin price (BTC) makes all other cryptocurrencies look old. No other digital asset is seeing as much fresh capital flowing into it as digital gold. With a market capitalization of over half a trillion US dollars, Bitcoin is reaching a dizzying height. For comparison, if Bitcoin were a nation, and you equated its market capitalization with GDP, it would currently be in 26th place. For example, Austria, with a GDP of $446 billion, would not be as heavily capitalized as Bitcoin.

Why is the Bitcoin price (BTC) rising unstoppably?

The reason why the Bitcoin price is unstoppable is simple. As we have explained many times before, institutional investors are now entering the market. The „big money“, i.e. hedge funds, insurance companies, family offices, etc., are now entering the market. The perception has turned 180 degrees. Whereas Bitcoin was previously perceived as more of a speculation, it is now considered among investment professionals that not having Bitcoin in your portfolio is a risk.

As in the traditional financial sector, these professional players determine how prices develop. For example, not only has Nasdaq’s Microstrategy bought Bitcoin for another $650 million, as CEO Michael Saylor announced via Twitter on Dec. 21, but so have several traditional investment houses.

Bitcoin demand is unstoppable

Whether it’s American insurer MassMutual (BTC investment: $100 million), hedge fund Guggenheim (BTC investment: $500 million), or most recently this week’s repurchase from crypto asset manager Grayscale (BTC repurchase: $542 million), institutional investors around the world are buying Bitcoin holdings on a virtually daily basis. Tight supply and rising demand are leading to a Bitcoin price that currently knows only one direction.

Private investors play only a minor role in this. For this reason, Bitcoin also outperforms most other cryptocurrencies, because the big money primarily flows into Bitcoin and not into small cryptocurrencies. This is also reflected in the sharp increase in Bitcoin market dominance, which currently stands at over 70 percent.

Asset distress and inflation expectations amplify bitcoin momentum
The flight into Bitcoin is reinforced by the prevailing investment emergency. For example, due to the massive monetary expansions of the European Central Bank (ECB), there are practically no positive interest rates on euro government bonds anymore. Even a ten-year government bond on heavily indebted Portugal means negative interest rates for investors.

A reversal of the ultra-loose monetary policy is not in sight, as this would massively endanger the stability of the entire euro area. It is becoming increasingly likely that there will be real economic inflation in the future in addition to the already prevailing asset inflation. The ECB is thus one of the biggest macroeconomic support factors for the Bitcoin price.

Bitcoin price (BTC) soon at $30,000?

Of course, no one can predict exactly when Bitcoin will reach the $30,000 mark, but it could happen very quickly. At the current rate, even this year. On the other hand, one must also state that the market is completely overheated. A healthy consolidation, in which the Bitcoin price also drops 20 – 30 percent from time to time, is absolutely within the realm of possibility. However, this should only last for a certain time, as it is no secret knowledge that the money of many institutional investors will not come until 2021. So support is provided.

2021: These trends are on the agenda

Bitcoin made a clear statement with its year-end rally: The cryptocurrency once attributed only to geeks and nerds has come of age and is finding its way into the institutional sector with broad mass adoption. But what are the issues on the agenda in 2021 besides pure bitcoin price performance? What underpins the recent price rally and what hurdles are there for Bitcoin and the crypto sector to overcome? What crypto and blockchain trends (even aside from Bitcoin) will define 2021? We have summarized the top trends for the year 2021 in the current December issue of Kryptokompass magazine.

Il y a 10 ans aujourd’hui, le créateur anonyme de Bitcoin, Satoshi Nakamoto, était pour la dernière fois actif en ligne. Personne ne sait ce qu’il a fait depuis.

Le 12 décembre 2010, le créateur anonyme de Crypto Cash a posté pour la dernière fois sur le forum BitcoinTalk.

Personne n’a vu ni entendu parler de lui depuis

Il y a un certain nombre de raisons pour lesquelles le créateur de Bitcoin voudrait rester anonyme.
Il y a 10 ans aujourd’hui, le créateur anonyme de Bitcoin était actif pour la dernière fois sur un forum Bitcoin . Personne n’a entendu parler de lui depuis.

Satoshi Nakamoto (qui pourrait être un homme, une femme ou un groupe de personnes – personne ne le sait vraiment) a publié son dernier message le 12 décembre 2010, avant de se déconnecter le lendemain pour ne jamais revenir dans le monde en ligne.

Pete Rizzo, l’éditeur du site Web d’échange de crypto – monnaie Kraken , a fait l’observation sur Twitter samedi. «Il y a 10 ans aujourd’hui, Satoshi a publié son dernier message sur le forum BitcoinTalk», a-t-il écrit.

Le dernier message de Nakamoto le 12 décembre portait sur la prévention des attaques par déni de serveur (DoS) sur le réseau Bitcoin

10 ans plus tard, le prix du Bitcoin a atteint de nouveaux sommets, en partie grâce à l’investissement d‘ investisseurs institutionnels et à l’approbation d’entreprises de haut niveau . Mais le gars derrière la technologie est introuvable.

Le créateur de la plus grande crypto-monnaie au monde a toujours été anonyme, et bien qu’il y ait eu de nombreuses théories au fil des ans sur qui il pourrait être, son identité et sa localisation sont encore inconnues.

US-Regierung ist der letzte verbliebene Gegner von Bitcoin, sagt Messari-Gründer

Bitcoin mag den perfekten Sturm für einen Erfolg erlebt haben, aber die Maßnahmen der Regierung der Vereinigten Staaten könnten weiterhin eine Bedrohung darstellen.

Ryan Selkis, Mitbegründer des Daten- und Forschungsunternehmens Messari, veröffentlichte kürzlich seine Dissertation über den Kryptosektor 2021, in der er den Zustand der Branche untersucht und Prognosen für BitQT für die Zukunft erstellt. Selkis erklärt in diesem Bericht, dass die US-Regierung ein verbliebener Gegner ist, den die BTC seiner Meinung nach für sich gewinnen muss.

„Der ‚letzte Boss‘, den es zu schlagen gilt, ist der Staat“, schreibt Selkis in seinem am Dienstag veröffentlichten Bericht. „Für die USA stellt Bitcoin ein Mittel dar, um internationale Sanktionen zu untergraben, und 80% der Bergbaukapazitäten befinden sich jetzt hinter den feindlichen Linien in China, Russland und Iran“, bemerkte er. „Wird eine Biden-Regierung die BTC mögen? TBD“.

Bitcoin hat sich in den 12 Jahren seit seiner Gründung durch seinen gerechten Anteil an Regierungsschwierigkeiten durchgekämpft. Mit seinem Status als Handelsware hat sich der Ruf von Bitcoin etwas gefestigt. Bedenken hinsichtlich eines Verbots der US-Regierung sind nach wie vor aufgekommen, aber der amtierende Leiter des Office of the Comptroller of the Currency, Brian Brooks, erklärte kürzlich, dass seine Einheit Bitcoin positiv beurteilt.

Dennoch änderte die Regierung 1933 ihre Haltung gegenüber Gold und beschlagnahmte das Edelmetall massenweise von den Bürgern. Auch wenn es für die US-Regierung schwierig sein mag, Bitcoin funktionell zu konfiszieren, so könnte ein Verbot des Gutes dennoch seinem Preis und den damit verbundenen Cash-Rampen schaden.

Auf der optimistischen Seite des Tisches nickte Selkis der Widerstandsfähigkeit von Bitcoin zu. „Bitcoin ist eine unpfändbare Form von Privatgeld, die sich als sehr schwer zu töten erwiesen hat“, schrieb er. „Es hat jede wichtige Anlageklasse in jeder relevanten Zeitperiode seiner Geschichte übertroffen, und es hat perfekten makroökonomischen Rückenwind und Schwung“, sagte er und fügte hinzu:

„Es wird ’sicher‘, als professioneller Geldmanager aus rechtlicher Sicht und aus Reputationsgründen zu kaufen, und sein Angebot wird sich weniger stark aufblähen als der Zielzinssatz der Fed, egal was im nächsten Jahr passiert. Wenn man die BTC im Vergleich zu Gold und ihr Wachstum im Vergleich zu den Bilanzen der globalen M1, M2 und der Zentralbanken betrachtet, ist dies eine überzeugende Investition.

Der Preis von Bitcoin ist im Jahr 2020 inmitten massiver US-Gelddruckbemühungen und wirtschaftlicher Unsicherheiten aufgeblüht

Eine Reihe großer Hauptakteure, wie Microstrategy und Paul Tudor Jones, haben Bitcoin auch in diesem Jahr große Geldsummen zur Verfügung gestellt und damit die Glaubwürdigkeit der Anlage aufgefüllt.

Im Dezember 2017 erreichte Bitcoin einen Höchststand von fast 20.000 Dollar, um dann in den folgenden Jahren mehrfach unter 5.000 Dollar zu fallen. In diesem Jahr brach Bitcoin sein bisheriges Allzeithoch und zeigte eine Weigerung zu sterben, etwas, das große Mainstream-Spieler mögen, wie Selkis‘ Interview mit Anthony Pompliano, das am Dienstag veröffentlicht wurde.

„Kluge Geldanleger wussten bereits 2017 über Bitcoin Bescheid“, sagte Selkis und erklärte anschließend die Aufmerksamkeit, die Bitcoin damals dem Mainstream zuteil wurde, sowie den Boom, die Pleite und den erneuten Boom der letzten drei Jahre. „Ich denke, viele von ihnen haben eine Wertschätzung für Dinge, die nicht sterben“, erklärte er.

Mainstream-Giganten wie Amazon und eBay haben im Laufe der Jahre ebenfalls große Widerstandskraft gezeigt und sind nach dem Platzen der Dotcom-Blase Anfang der 2000er Jahre aus der Asche auferstanden.

IN BREVE

• Dopo la forchetta dura di Thanos sul classico dell’etereo, il tasso di hashish della catena ha superato i 5,2 TH/S.
• L’hard fork era destinato ad aiutare i minatori di GPU a recuperare una quota adeguata del tasso di hash rate della catena di blocco.
• Finora sembra aver funzionato riducendo il tasso di crescita del grafico aciclico diretto.

L’hashrate dell’ethereum classic (ETC) della catena di blocchi è salito a 5.21 TH/S dopo il successo dell’implementazione della forcella rigida di Thanos nelle prime ore del 29 novembre.

La forcella dura, che era principalmente destinata ad aumentare la sicurezza della catena aumentando il suo hashrate, sembra avere avuto successo.

L’hashrate è passato da 3,3TH/S pre-fork a 5TH/S nelle ore successive alla forcella.

Ethereum Classic: Sfondo della forcella Thanos Hard Fork

La catena a blocchi Ethereum Classic utilizza un grafico aciclico diretto (DAG) il cui scopo principale è quello di prevenire la centralizzazione dell’alimentazione dell’hashish nelle mani dei minatori ASIC, fornendo una resistenza ASIC che favorisce i minatori su GPU.

Secondo gli sviluppatori dell’ETC, questa strategia è stata un successo, evidenziato in seguito dallo sviluppo di minatori ASIC in grado di competere favorevolmente con le GPU.

Il problema, tuttavia, era che i parametri dei DAG erano troppo aggressivi, rendendo alla fine i minatori su GPU obsoleti sulla catena di blocco ETC.

Per risolvere questo problema, l’hard fork di Thanos ha pianificato di ridurre le dimensioni del file DAG da 3,95GB a 2,47GB. Questo avrebbe riportato in gioco i minatori su GPU (resi obsoleti dalle grandi dimensioni del file).

Il fork ha anche proposto di raddoppiare il periodo di estrazione ETC (epoca) da 30.000 blocchi a 60.000 blocchi, che acquisterebbero i GPU minatori esistenti almeno altri tre anni.

Un estratto dell’estratto della proposta di Thanos recita:

„La calibrazione di questi parametri per riflettere meglio gli attuali mercati dell’hardware e dell’ecosistema minerario riporterà la crescita del DAG in sincronia con le GPU comunemente usate. Permettendo al sistema DAG di continuare a servire il suo scopo anche in futuro“.

I risultati di Thanos Hard Fork

Nelle prime ore del 29 novembre, la catena di blocchi ETC ha raggiunto l’altezza di 11.700.000 blocchi necessaria per azionare la forcella rigida.

Secondo i rapporti, oltre il 90% dei minatori ETC esistenti ha effettuato la migrazione. Forse più importante, però, i dati di 2miners.com mostrano che l’hashrate della catena di blocchi ETC è salito da poco più di 3TH/S a 5,21TH/S nelle ore successive all’aggiornamento.

I dati suggeriscono che la mossa di dare ai minatori di GPU in carica una quota maggiore della potenza dell’hashish della blockchain ha ottenuto un certo successo.

Il mercato è rimasto per lo più indifferente alla forcella dura, con l’ETC in leggero aumento da 6,40 dollari a poco più di 6,70 dollari al momento della stampa.

Guggenheim Partners has filed an amendment with the US Financial Constable (SEC) to allow its $ 5 billion Macro Opportunities Fund to gain exposure to Bitcoin.

Guggenheim prepares to buy BTC

A filing with the US Financial Constable (SEC) indicates that the next Wall Street institution to take a public stance in Bitcoin Revolution could also be among the largest to date: Guggenheim Partners .

Guggenheim Partners invests in different asset classes on behalf of companies, pension funds and sovereign wealth funds. The New York-based company employs 2,400 people in 17 cities across the United States, Europe and Asia and manages more than $ 275 billion in assets .

The company told the SEC on Friday, November 27:

„The Guggenheim Macro Opportunities Fund seeks to gain exposure to Bitcoin indirectly by investing up to 10% of its net asset value in Grayscale Bitcoin Trust (GBTC)“

The Guggenheim Macro Opportunities fund is said to currently have $ 5.3 billion in assets under management. Thus, the fund could invest up to $ 500 million in BTC.

According to the company’s website, the fund aims to provide exposure to „the most compelling ideas of the investment team in the current market environment“ and „the strategy opportunistically allocates funds. in assets to potentially improve returns or mitigate risk  ”.

Grayscale holds 500,000 BTC

Grayscale is said to hold around 509,581 BTC . Grayscale’s investment solution allows investors to gain indirect exposure to cryptocurrencies, in the form of securities , while avoiding the hassle of buying and storing.

Grayscale’s total assets under management (AUM) currently stand at around $ 10.4 billion in cryptocurrency. The dedicated BTC fund called Grayscale Bitcoin Trust (GBTC) is naturally the largest with a value of $ 9.05 billion .

The fund also owns $ 1.37 billion in Ethers and has under management Litecoin (LTC), XRP, Stellar (XLM), ZCash (ZEC) and Horizen (ZEN).

The strong growth of the Grayscale fund and the Guggenheim initiative appear to be part of a series of investments indicating increased acceptance of Bitcoin by institutional and professional investors.