JP Morgan setzt auf 1% Bitcoin-Allokation, schlägt unkorrelierte Absicherung vor

Trotz der Grenzen von Bitcoin fordern Strategen immer noch eine 1%ige Allokation.

  • In einer Notiz an die Investoren sagten die JP Morgan-Strategen, dass eine 1%ige Allokation in BTC die Portfolio-Effizienz verbessern kann.
  • Die Firma fährt fort, den Vermögenswert als eine risikofreie, Gold-ähnliche Anlage zu gestalten.
  • Alle Märkte, einschließlich Krypto, sind seitdem gleichzeitig gefallen.

JP Morgan-Strategen sagten Investoren am Mittwoch, dass sie eine kleine Bitcoin-Allokation zu ihren Portfolios als Absicherung hinzufügen können. Seitdem haben sowohl BTC als auch traditionelle Märkte einen Sturzflug hingelegt.

JP Morgan wettet auf Bitcoin

Traditionelle Analysten schlagen nun vor, dass Investoren BTC zu ihren Portfolios hinzufügen können. In einer kürzlichen Notiz sagten die Strategen von JP Morgan:

„In einem Multi-Asset-Portfolio können Investoren wahrscheinlich bis zu 1 % ihrer Allokation in Kryptowährungen hinzufügen, um einen Effizienzgewinn bei den risikobereinigten Gesamtrenditen des Portfolios zu erzielen.“

Ihr Platz dient als unkorrelierter Hedge zum breiteren Markt, so die Strategen.

Wenn man den S&P 500 mit Bitcoin vergleicht, ist es jedoch schwierig, solche festen Schlussfolgerungen zu ziehen. Laut Coin Metrics weisen die beiden Märkte derzeit einen Korrelationswert von 0,134 auf. Dies ist eine eher geringe Korrelation. Im März 2020, während eines der stärksten Finanzcrashs der jüngeren Vergangenheit, stieg die Korrelation sogar auf 0,54.

Der Anstieg der Korrelation während dieses Ausverkaufs deutet darauf hin, dass diese beiden Märkte zumindest etwas korreliert sind.

Außerdem erlebten alle Märkte in dieser Woche einen starken Abwärtsimpuls. Seit dem gestrigen Börsenschluss ist der S&P 500 um 2,45% gefallen. Bitcoin ist laut CoinGecko um 6,9% gefallen.

Dennoch, mit Marken-Investoren und Fortune-500-Unternehmen, die den Vermögenswert in großen Mengen aufkaufen, haben viele nach Gründen gesucht, um zu kaufen.

Tesla kaufte 1,5 Milliarden Dollar in Bitcoin

Gestern, es wurde aufgedeckt, dass Coinbase hat BTC in seiner Bilanz seit 2012 gehalten. Anfang dieses Monats kaufte der Elektrofahrzeughersteller Tesla ebenfalls 1,5 Milliarden Dollar in Bitcoin.

JP Morgan hat den digitalen Vermögenswert in letzter Zeit zu einem wichtigen Schwerpunkt gemacht.

Basierend auf den jüngsten Kommentaren und denen aus der Vergangenheit, sieht die Firma Bitcoin eindeutig als ein goldähnliches Investitionsvehikel. Nikolaos Panigirtzoglou, ein Mitglied des Global-Markets-Teams der Firma, deutete sogar an, dass Gold-ETFs leiden könnten, wenn Investoren sich der Krypto-basierten Alternative zuwenden.

Zum Zeitpunkt der Drucklegung ist der größte Gold-ETF, SPDR Gold Trust, in den letzten 24 Stunden um 1,88 % gefallen.

Meer instellingen zullen zich opwarmen tot crypto

Meer instellingen zullen zich opwarmen tot crypto zodra de marktcap $2T raakt: eToro.

„Alleen door het vergroten van het speelveld en het faciliteren van meer participatie zal crypto een marktplafond van 2 biljoen dollar en meer bereiken en behouden.“

Een nieuw rapport van adviesbureau Aite Group, dat in opdracht van uitwisselingsplatform eToro is opgesteld, onthult dat er nog steeds barrières zijn die de institutionele adoptie van crypto in de weg staan.

Gebaseerd op interviews met 25 institutionele marktpartijen, stelt het rapport dat de crypto markt een $2 biljoen marktkapitalisatie zou kunnen bereiken als meer Bitcoin Era institutionele spelers aan boord zouden komen te midden van gunstiger voorwaarden. Deze bedrijven zouden eerder geneigd zijn om crypto te adopteren als er minder onzekerheid over de regelgeving, een ontwikkelde marktinfrastructuur en minder risico’s rond veiligheid zouden zijn.

„2020 was het jaar waarin veel institutionele beleggers zoals banken en traditionele vermogensbeheerders begonnen te investeren in crypto of serieus overwogen dit te doen, met een aantal die de activaklasse – met name Bitcoin – aanprijzen als een inflatiehedge“, zei eToro hoofd bedrijfsontwikkeling Tomer Niv.

„Alleen door het vergroten van het speelveld en het faciliteren van meer participatie zal crypto een marktplafond van $2 biljoen en meer bereiken en handhaven“.

 Crypto in hun rechtsgebied

Het rapport vermeldde andere belangrijke factoren die institutionele beleggers naar de crypto ruimte zouden kunnen drijven. Deze omvatten een „gestandaardiseerde wereldwijde regelgeving“ en een betrouwbare marktinfrastructuur die garanties zou kunnen bieden aan instellingen die op hun hoede zijn voor de manier waarop crypto in hun rechtsgebied zal worden gereguleerd.

Bovendien wordt in het verslag „technische complexiteit“ genoemd als een andere barrière die moet worden overwonnen. Sommige deelnemers uitten hun bezorgdheid over de risico’s van de opslag van particuliere sleutels, maar erkenden de voordelen van crypto-koelopslag. Niv toegevoegd:

„Het is bemoedigend om te zien dat de volgende fase van de evolutie van de crypto-industrie aan de gang is met meer deelname van instellingen […] Er moet meer worden gedaan vanuit het oogpunt van de marktinfrastructuur om deze groep investeerders zich comfortabel te laten voelen bij het crypto-ecosysteem.

Institutionele spelers hebben in grote mate bijgedragen aan de groei van de crypto-markt in 2020. De eerste weddenschap van $425 miljoen van het bedrijf MicroStrategy (BTC) en de daaropvolgende cryptoaankopen van vorig jaar, samen met de digitale vermogensbeheerder Grayscale Investments die zijn vermogen onder beheer voortdurend uitbreidde, leidden BTC naar historisch hoge prijzen.

De daaropvolgende rally voor vele penningen resulteerde in een totale cryptokapitalisatie van $1 biljoen voor de eerste keer begin januari.

Elon Musk Tweets om Bitcoin: En stängning av en annan Tweet från januari?

Bitcoin har blivit en del av det vanliga mediet. Även om det kan ha varit konstigt att tweeta och diskutera bitcoin för några år tillbaka såg vi under de senaste månaderna ett växande antal av några av de mest inflytelserika personerna och företagen pratar om det.

Elon Musk är en veteran Bitcoin-kommentator , och han är också känd för att kommentera några andra kryptovalutor, men det har gått ett tag sedan han senast twittrade något om BTC.

Idag, på toppen av en lugn helg, twittrade Musk följande:

Omedelbart efter hans tweet ökade bitcoins pris nästan 200 till 23 800 dollar, vilket var den tidigare rekordhöga tiden på torsdag.

Tjugo minuter senare, och Musk twittrade ett svar på sin ursprungliga tweet, där han sa att han „bara skojar, vem behöver ett säkert ord ändå !?“

I januari var Bitcoin inte hans säkra ord

Musks tweets är kända för sin oklarhet, oavsett om han tweets om TSLA-aktier för dyra, Dogecoin eller SpaceX.

Den nuvarande tweeten är emellertid på något sätt relaterad till hans tidigare när han också talade om den primära kryptovalutan.

Tio dagar i innevarande år 2020, Musk twittrade att ”Bitcoin är inte min säker ord.” Om du hade lagt märke till datumet idag är det exakt tio dagar före slutet av 2020. Tillbaka i januari handlade bitcoin ungefär cirka 8 000 dollar. I och med att han skrev sin andra tweet handlar bitcoin till 23 800 dollar, en dag efter att ha ställt sin högsta nivå på 24 200 dollar.

Som alltid lämnar hans tweet cirka 40 miljoner Twitter-följare som ställer frågor, och det är utan tvekan en vinst för Bitcoin att återigen stå inför en så stor publik.

Det är också intressant att se var priserna kommer att ta härifrån och om kryptovalutan kommer att gå igenom en annan imponerande uppgång.

Bitcoin’s price correction continues, extinguishing hopes of $20,000 in 2020

If a technical price level is not reclaimed soon, Bitcoin is likely not to reach $20,000 by year-end

Bitcoin (BTC) continues its correction phase: today the price of BTC fell below $17,600, the lowest level since November.

Bearish trend for Bitcoin on shorter intervals
Sooner or later every rise comes to an end and is always followed by a corrective period. Such a correction seems to have started for Bitcoin, given the current drop of more than 10% since the price hit a new all-time high ten days ago.

Meanwhile, recent news (including proposed crypto legislation in the US) is bringing fear into an otherwise euphoric market. However, the crypto sector wasn’t the only one to suffer this week: just look at the stock market.

The 4-hour chart suggests a clear bearish trend. This trend is confirmed by decreasing highs and lows as shown in the chart.

First of all, Bitcoin’s price failed to break through the all-time high area, and then the $18,500-$18-700 range provided strong support for a week.

Each bounce from this region (as indicated by the arrows) proved to be weaker and weaker, consistently drawing declining highs. After three attempts, the support did not hold and the price plunged towards the next support level, between $17,600 and $17,800.

This support zone triggered a slight bounce towards $18,500-$18,700. To form a bullish scenario, Bitcoin should have turned this zone into support. However, it was rejected, confirming the support/resistance reversal and restoring the bearish trend.

Overall, the trajectory will see decreasing highs and lows until the price finds a clear bottom. It doesn’t look like the market is going to find it anytime soon, as even extended ranges are eager to turn down.

Possible bearish divergence on daily chart
Daily chart of BTC/USD
Daily chart of BTC/USD. Source: TradingView
The daily chart indicates a potential bearish divergence Crypto Trader ready to enter the scene. This divergence will be confirmed if Bitcoin’s price fails to break out of the range between $18,600 and $18,800.

In that case, a previous resistance resumes its old role, reaffirming the general weakness of the markets and suggesting further losses.

According to the daily chart, the support zone is located at $16,000, as Bitcoin’s price recovered strongly from this region last month. It is also the first huge support range on the daily chart.

To turn bullish in the short term, Bitcoin price would have to claim the $18,600-$18,800 area as support. This move would invalidate the bearish divergence and any pessimism for a while.

Total market cap aims at $400 billion
Daily chart of total market capitalisation
Daily chart of total market capitalization. Source: TradingView
The cryptocurrency total market capitalization chart shows a huge uptick towards $600 billion. This milestone corresponds to the Fibonacci 1,618 level, which is considered one of the most important.

More importantly, the total market cap chart has recorded a rising high at $600 billion, indicating that the market is in bullish territory and will look for a new rising low to confirm the trend.

The levels to watch on the total market capitalization chart are around $470 billion and most likely the area near $400 billion. The latter represents previous resistance and should be watched for a potential reversal of perfect support/resistance.

A further contraction of BTC would not be good for altcoins. Correlations in crypto markets are still high, so it is very likely that any correction in Bitcoin will make altcoins suffer as well.

However, once Bitcoin reaches its next bottom, altcoins will likely be in a great position to outperform the main cryptocurrency again in the short term.

Bitcoin: Hodln almost always profitable

The perma bullish opinion ECHO with Bitcoin content that dreams are made of.

In the traditional financial sector, Bitcoin Loophole app continues to be viewed with suspicion. Courageous avant-gardists such as MicroStrategy, Stone Ridge and Square venture out of cover and announce their Bitcoin acquisition. An investment in „Orange Coin“ is more lucrative than any alternative.

This year alone, the rate of crypto currency No. 1 rose by around 126 percent from 7,195 US dollars to currently 16,200 US dollars

According to the data from lookintobitcoin.com , there are hardly any chances of being in the red with a Bitcoin investment.

Percentage of days a Bitcoin investment is profitable: 99.4%. Time to achieve 100 percent.

What is meant is reaching the all-time high. Logical, because as soon as Bitcoin cracks its all-time high of 19,600 US dollars, all investors who hold Bitcoin in their portfolio will write green numbers. For Hodler this will be the famous I-told-you-so moment.

Preston Pysh makes the Bitcoin professor

Bitcoin grows cyclically. Instead of simply climbing northwards like the proverbial rocket, the course follows boom-and-bust cycles. Why that is, hardly anyone explains as well as podcaster Preston Pysh .

But Professor … When you told me that Bitcoin was a pyramid scheme, you left out the part about the four year halving cycle and the two week Difficulty Adjustments …

Accordingly, the course reacts more strongly than previously assumed to the supply shock of halving the inflation rate. According to Pysh, it is no coincidence that the time between two all-time highs is almost exactly four years, and thus the same time span as the Halvings.

So if this happens every four years, we should be able to see that on the charts, right? Well, yes you can. Here is an example. The last all-time high (ATH) was on December 11, 2017 and the previous ATH was 1,477 days earlier.

Four parameters on-chain suggest that Bitcoin will not stop at $ 16,000

While Bitcoin defends support at $ 15,000, the on-chain data indicate that the rally could extend beyond $ 16,000

Unable to go over the $15,960 wall, the price of Bitcoin (BTC) firmly defended the support at $15,000. Based on four on-chain parameters, analysts believe that the rally could continue well beyond $16,000.

Experts have in fact identified falling Bitcoin reserves on the exchanges, a largely immobile monetary offer, increasing number of „strong hands“ and low unrealized profits: all these factors increase the probability of further price increases.
Number of BTCs in the falling exchanges

Recently Delphi Digital, an independent crypto-currency research and consulting firm, published a report on Bitcoin’s future market prospects.

Paul Burlage, analyst at the company, pointed out that the on-chain parameters show a strong momentum for Bitcoin. Since 11 February to date, the number of BTCs in exchange reserves has decreased from 2.96 million to 2.41 million: a drop of BTC 550,000, a figure equivalent to $6.36 billion.

This is a very positive event for Bitcoin, as it indicates that fewer sellers are depositing their coins on the exchanges. Burlage explained:

„On February 11, 2020, BTCs on exchanges reached an all-time high of 2.96 million. Currently the number of BTCs on exchanges is about 2.41 million. We have seen a divergence between reserves and BTC price, suggesting a more sustainable upward movement for cryptocurrency“.

Bitcoin exchange reserves

More and more BTC real estate

As fewer and fewer sellers are moving their funds to exchanges, BTC’s real estate offering remains high.

On 9 September, Burlage explained that the percentage of BTC’s real estate offering has reached a new all-time high, at 63.5%. Since then this figure has fallen slightly, currently at 62%, but still remains extremely high:

„Over the past week, we have seen a slight decline in the percentage of real estate offering for a year or more. After reaching an all-time high of 63.5% on 9 September, 62% of BTC’s offering is now real estate“.

This shows that investors are HODLing BTC rather than selling it, despite recent price increases.
We still do not see the roof of the latest increase

In recent weeks the number of „weak hands“ has decreased significantly, while strong hands have increased. The reduction of buyers in the short term and the increase of HODLers in the long term indicates that the Bitcoin rally could be lasting.

This trend coincides with the resilience shown by Bitcoin above $15,000, showing that this resistance is rapidly turning into solid support. In this regard, Burlage commented:

„Although local highs tend to fall for weak hands, we cannot yet confirm that the recent increase in the speculative base has reached a peak. That said, the broader trends suggest that strong, not speculative hands are populating the short-term time windows“.

In July last year, the price of Bitcoin reached a peak of about $14,000. Then Rafael Schultze-Kraft, Chief Technical Officer at Glassnode, said that Bitcoin’s Relative Unrealized Profit was about $0.64.
Bitcoin’s Relative Unrealized Profit

Right now, although Bitcoin is well above $15,000, Relative Unrealized Profit is just 0.53. This shows that BTC has the potential to get an even bigger price increase before a pullback.

Bitcoin e mercados de ações temem um empate, não trump

Um aumento de 1,2% no índice S&P 500 – agora acima de US $ 3.300 – na terça-feira aponta para uma vitória de Biden. No entanto, o temor de um resultado apertado e indeciso pode fazer os mercados entrarem em parafuso.

Embora Joe Biden pareça forte para substituir Donald Trump como presidente dos Estados Unidos, todos os mercados, incluindo Bitcoin, prefeririam um vencedor claro muito mais do que um impasse contencioso.

Bitcoin e mercados globais temem um resultado próximo

É uma semana em que os comerciantes esperam que o Bitcoin se mova em sincronia com os marcadores tradicionais, já que ambos os candidatos representam um destino semelhante para o futuro do BTC.

Os oito estados indecisos nos EUA – Flórida, Pensilvânia, Ohio, Michigan, Carolina do Norte, Arizona, Wisconsin e Iowa – ainda mantêm o poder de influenciar os resultados de ambos os lados.

Entre eles, a Flórida é o estado mais importante, que sai hoje às 20h EST. Os outros estados decisivos para o partido Republicano são Wisconsin e Michigan, enquanto os democratas que vencem na Carolina do Norte e na Geórgia serão fundamentais para a vitória de Biden.

Um resultado de votação fechado atrasaria o resultado final e iniciaria outra rodada de disputa entre Biden e Trump no Senado ou por meio de ações judiciais

Além disso, a América elege seu presidente com base no resultado do colégio eleitoral estadual, e não nos votos populares. Foi isso que garantiu a vitória de Trumps sobre Hilary Clinton em 2016, apesar de perder a maioria.

O prazo previsto para o resultado final é quarta-feira. No entanto, uma vitória apertada ou atrasos devido a processos judiciais podem atrasá-lo por uma semana, o que pode ser problemático para os mercados de ações, dado o desagrado do trader com a incerteza.

CBDC proof of concept still at the end of 2020?

In Switzerland, research continues into digital central bank currencies (CBDC). The Swiss central bank and the „Bank of the Banks“ have now announced a cooperation.

The Bank for International Settlements (BIS) and the Swiss National Bank (SNB) are working together on a proof of concept

By the end of the year, this should examine digital central bank currencies (CBDC). Benoît Cœuré, head of the BIS Innovation Institute, said this in a speech in Shanghai on October 25th. The Chinese The Paper quoted his speech.

The cooperation between the two banks is intended to help examine the impact of CBDC on retail. Areas such as payment systems, applications, data security and regulations have to be carefully examined for a successful and secure digital central bank currency. However, the BIS would have to upgrade its own blockchain, according to Cœuré.

CBDC: Cœuré drives analysis

Benoît Cœuré has been with the BIS since January 2020, previously he was with the European Central Bank (ECB). The European Central Bank (ECB) and the SNB also participated in a report on blockchain-based fiat currencies published on October 9th. Most important of this report sees the principle that a CBDC must not jeopardize the financial stability of the market. A year earlier, on October 8, 2019, the BIS and the SNB announced the establishment of a CBDC innovation hub .

The BIZ, founded in 1930, aims to promote international cooperation on monetary and financial issues. It also serves central banks as a bank, which is why it is also known as the „bank of central banks“. Both the Austrian National Bank and the Deutsche Bundesbank are members of the bank, which is based in Basel. Switzerland, represented by the President of the Governing Board of the SNB, has been a member of the Administrative Board since the BIS was founded. The Federal Republic of Germany also has a seat there with Jens Weidmann (President of the Bundesbank).

BITCOIN ESTÁ PREPARADO PARA CORREGIR A 10.700 DÓLARES ANTES DE SU SIGUIENTE TRAMO MÁS ALTO

  • Bitcoin se ha unido fuertemente en las últimas semanas.
  • La criptodivisa líder ha pasado de 10.400 a 11.750 dólares.
  • La moneda ahora se negocia por 11.400 dólares después de una ligera corrección al disminuir la presión de compra.
  • Bitcoin está preparado para bajar en el corto plazo, ya que tiene como objetivo establecer otra etapa en este rally en curso, dicen los analistas.
  • Los analistas criptográficos creen que este es el caso, junto con los analistas de JP Morgan.

BITCOIN ESTÁ PREPARADO PARA BAJAR MÁS ANTES DEL RALLY

Es probable que Bitcoin baje a 10.700 dólares después de la fuerte subida de 1.000 dólares de los últimos 10 días. Un comerciante de cripto-activos compartió recientemente el siguiente gráfico, que muestra que la criptodivisa se está consolidando después de una fuerte subida.

El analista piensa que la reciente acción del precio se está preparando para un movimiento hacia los 10.700 dólares, donde hay un promedio móvil fundamental, el retroceso de 0,5 Fibonacci, y el punto de control del perfil de volumen de BTC durante las últimas siete semanas.

NO ES EL ÚNICO QUE PIENSA ASÍ

Este comerciante no es el único que piensa que Bitcoin está preparado para corregir. Un equipo de analistas de JP Morgan ha declarado recientemente que la criptodivisa podría moverse más abajo ya que su valor intrínseco se queda atrás del valor real del mercado. La empresa deriva el valor intrínseco de Bitcoin de la métrica de la minería, es decir, el coste de producción:

„Los estrategas de JPMorgan dijeron que calcularon un valor intrínseco tratando eficazmente a Bitcoin como una mercancía y observando el coste marginal de producción“.

Otro analista de criptografía dijo que Bitcoin ha formado una vela de „vender 9“ Tom Demark Sequential en su gráfico diario. Esto sugiere que habrá una inminente inversión bajista ya que las velas „9“ se ven a menudo cuando un activo alcanza un punto de inflexión en su tendencia.

Ese mismo analista señaló que se están formando divergencias bajistas entre el precio de Bitcoin en su gráfico de cuatro horas y las lecturas de MACD y RSI. El RSI y el MACD son dos indicadores técnicos cruciales que muestran la tendencia y la trayectoria de un activo.

Bitcoin October 26: 2020 records fall for cryptocurrency king

A week of fanfare for Bitcoin – The king of cryptocurrencies has reached yet another milestone. It is now more than 13,000 dollars that you will need to count to buy 1 BTC.

Bitcoin weekly: record close over 1,000 days

Bitcoin is trading at $ 13,152 at the time of writing. 2 weeks ago, we were happy to cross the resistance at 11,100 dollars . Yesterday Bitcoin closed a frenzied week at over $ 13,050, up nearly 16% for the week.

It signs its highest weekly close since January 2018 and confirms its excellent form in this fall 2020. The price is currently in an ascending channel and the long term trend remains positive .

Bitcoin in everyday life: a staircase in the direction of Valhalla?

Since April, Golden Profit has been climbing one by one the steps separating it from its record of 2017. In July, we broke the resistance of 10,000 dollars and recently passed the resistance of 12,000 dollars .

Bitcoin is once again out of the box from the top and the short-term trend is strongly bullish . However, it is currently consolidating in the $ 13,000 area , which leads us to consider the following scenarios:

The buying pressure remains at the same level: before thinking about the final boss of the ATH, the next (very thin) resistance is at the level of the 2019 records, at the bar of 14,000 dollars;
The buying and selling forces balance out with continued consolidation around $ 13,000. A “flat” consolidation , or even a test of the support zone around 11,850 dollars, would not call into question the medium-term uptrend that began in April.

Greed begins to rise

Earlier this month, we were talking about the “Fear & Greed” indicator . This index is intended to be an indicator of the emotional state of the market :

A „greed“ outrageous is too full of euphoria usually resulting in a correction.

We went from a value of 52 at the start of the month (neutral) to a value of 75 today (greed). We are starting to be within the values ​​observed in July . If we make an analogy with this period, we still have room for another potential rise in the price of Bitcoin… until the next correction?