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Dorjoy12

Coinbase will start ETH2 deposit!

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From a recent  crypto currency  news, i have come to know that the US based crypto currency  exchange  site 'Coinbase' will start to received  eth 2.0 deposit  as soon as possible ..  Also the eth coinbase user can trade  their eth to eth 2.0  coin on coinbase instantly ..  But the problem is coinbase authorities  won't let eth 2.0 holder to withdrawal  their staking till eth 1 phase not yet started..   Also the eth 2.0 leading team  said to start phase 1 they need minimum  one year..   The coinbase authorities  also said eth 2.0 deposit  will be started early 2021 so i think  this is the time to stake eth in coinbase..   Hopefully  the reward  of staking ETH 2.0 on coinbase will be profitable ... 

 

So guys, are you going to stake your ETH2 on coinbase ??

 

News link here :

https://cointelegraph.com/news/ethereum-2-0-staking-is-coming-to-coinbase?utm_source=Telegram&utm_medium=social

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If you have less than 32Eth then staking Eth in Coinbase or Binance Pool is great idea. Also there are other pools like rocket pool where you can stake in Decentralized manner.

The APY will reduce over time if the eth deposited increases over the time. And you can't withdraw your staked Eth unles Eth2.0 is fully launched so while staking make sure you don't need the fund for 2-3years.

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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I think first we will check how will be the Ethereum evolution after this new Ethereum 2.0. But are here any member who can explain us, what will be happened with Ethereum after the creation of Ethereum 2.0? Or will be like Bitcoin Cash as the result of Bitcoin hard fork?… 

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4 hours ago, Dorjoy12 said:

From a recent  crypto currency  news, i have come to know that the US based crypto currency  exchange  site 'Coinbase' will start to received  eth 2.0 deposit  as soon as possible ..  Also the eth coinbase user can trade  their eth to eth 2.0  coin on coinbase instantly ..  But the problem is coinbase authorities  won't let eth 2.0 holder to withdrawal  their staking till eth 1 phase not yet started..   Also the eth 2.0 leading team  said to start phase 1 they need minimum  one year..   The coinbase authorities  also said eth 2.0 deposit  will be started early 2021 so i think  this is the time to stake eth in coinbase..   Hopefully  the reward  of staking ETH 2.0 on coinbase will be profitable ... 

So guys, are you going to stake your ETH2 on coinbase ??

News link here :

https://cointelegraph.com/news/ethereum-2-0-staking-is-coming-to-coinbase?utm_source=Telegram&utm_medium=social

Interesting, that means that you can stake your ETH direct on wallet (for people who use Coinbase).

But one thing I dont understand, what this means that you can trade ETH with ETH 2.0 coin? What is ETH 2.0 coin?

Maybe I'm just not informed but I really dont know what is ETH 2.0 coin, and what is difference between ETH and and ETH 2.0 coin?

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51 minutes ago, BullRunBit said:

Interesting, that means that you can stake your ETH direct on wallet (for people who use Coinbase).

But one thing I dont understand, what this means that you can trade ETH with ETH 2.0 coin? What is ETH 2.0 coin?

Maybe I'm just not informed but I really dont know what is ETH 2.0 coin, and what is difference between ETH and and ETH 2.0 coin?

@BullRunBit this is just the upgrade of ETH which will help the ETH transaction more faster than now as well the transaction fee..  For better information you can read up @Whited35 topic about ETH 2.0..  Here is the link    

 

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Dear friend I think coinbase is a good wallet in the world and trusted wallet. This Ethureum 2.0 is upgrade to the Ethureum blockchain. Its need 32 Ethureum 2.0 need stake. I think this is good earning method to stake Ethureum 2.0. I think this profitable offer for good cryptocurrency invest. I think I will try to participate stake Ethureum and profit my stake. Thanks for share a good news.

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7 hours ago, Ridam said:

And you can't withdraw your staked Eth unles Eth2.0 is fully launched so while staking make sure you don't need the fund for 2-3years

@Ridam this is a good point and i do not think that those eth 2.0 staking user has enough capital or they are long term investor..  Actually 32   eth  is huge amount of money which can't carry a single user.. 

7 hours ago, Ridam said:

so while staking make sure you don't need the fund for 2-3years

@Ridam  so in this case, are you going to staking ETH2?

Edited by Dorjoy12
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11 minutes ago, Dorjoy12 said:

@Ridam this is a good point and i do not think that those eth 2.0 staking user has enough capital or they are long term investor..  Actually 32   eth  is huge amount of money which can't carry a single user.. 

32Eth are required if you like to be Validators and run own poll brother. If you don't have 32 eth then you can join other pools like Coinbase or Binance are offering.

I don't have the investment amount to lock for 2-3 years bro, So I'm not going to Invest in Ethereum Staking at this movement.

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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12 hours ago, Dorjoy12 said:

From a recent  crypto currency  news, i have come to know that the US based crypto currency  exchange  site 'Coinbase' will start to received  eth 2.0 deposit  as soon as possible ..  Also the eth coinbase user can trade  their eth to eth 2.0  coin on coinbase instantly ..  But the problem is coinbase authorities  won't let eth 2.0 holder to withdrawal  their staking till eth 1 phase not yet started..   Also the eth 2.0 leading team  said to start phase 1 they need minimum  one year..   The coinbase authorities  also said eth 2.0 deposit  will be started early 2021 so i think  this is the time to stake eth in coinbase..   Hopefully  the reward  of staking ETH 2.0 on coinbase will be profitable ... 

 

So guys, are you going to stake your ETH2 on coinbase ??

@Dorjoy12 It can be an opportunity because as I always say, a new currency a new trading opportunity, it would be interesting to be able to change a part of our capital and wait to see a profit in the future when the currency can be withdrawn and everything starts normally, But there will always be the risk of having a capital without mobilization power, that sometimes causes problems when opportunities arise and we want to take advantage of it, if the currencies cannot move then we lose those opportunities, so if I wanted to invest in ETH2.0 it would be a capital that would not be available for investments in the short or medium term but in the long term, greetings.

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Of course I think first we will test what will be the evolution of Ethereum after this new Etherium 2.0 but is there any member here who can explain to us what will happen to Ethereum after Ethereum 2.0 is created and Bitcoin as a result of Bitcoin hard fork  I think it will be like cash

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On 12/11/2020 at 5:13 AM, Dorjoy12 said:

From a recent  crypto currency  news, i have come to know that the US based crypto currency  exchange  site 'Coinbase' will start to received  eth 2.0 deposit  as soon as possible ..  Also the eth coinbase user can trade  their eth to eth 2.0  coin on coinbase instantly ..  But the problem is coinbase authorities  won't let eth 2.0 holder to withdrawal  their staking till eth 1 phase not yet started..   Also the eth 2.0 leading team  said to start phase 1 they need minimum  one year..   The coinbase authorities  also said eth 2.0 deposit  will be started early 2021 so i think  this is the time to stake eth in coinbase..   Hopefully  the reward  of staking ETH 2.0 on coinbase will be profitable ... 

 

So guys, are you going to stake your ETH2 on coinbase ??

 

News link here :

https://cointelegraph.com/news/ethereum-2-0-staking-is-coming-to-coinbase?utm_source=Telegram&utm_medium=social

The Ethereum 2.0 is believed to be better and more disposed than the current Ethereum, but my question is that are the Ethereum developers planing to completely abandon the original Ethereum for these upgraded one? 

If yes, when is it going to be @Dorjoy12

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3 hours ago, Frodler said:

Ethereum developers planing to completely abandon the original Ethereum for these upgraded one? 

If yes, when is it going to be @Dorjoy12

 As far as i know this upgrade just for decrease the network congestion of current eth @Frodler and it will help to increase eth transaction more faster as well decrease gas fee..  There has four kind of phase to lead eth2 properly and to done all phase minimum need 3 years or more....           

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That's great news as i have also read somewhere else rather than at https://cointelegraph.com/

 

The thing about ETH2 is that it will most likely boost ETH's selling or convertions at Coinbase and i am scared of for cases where their servers will not be able to handle the big amounts of requests during such periods.

 

But nontheless i believe investors will in fact wait for those changes and invest into Ethereum even more if that's somehow better than other currencies as for speed and security improvements as stated at Ethereum's site: https://ethereum.org/en/eth2/

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On 12/11/2020 at 5:13 AM, Dorjoy12 said:

So guys, are you going to stake your ETH2 on coinbase ??

This question is clearly not for small traders. To stake Ethereum and become a full validator, there should be minimum 32eth in your portfolio and staking more than that means higher interest. Staking less than that might not be much profitable.

ETH 2.0 comes with other opportunities apart from staking, I believe those can be utilised to the brim by small traders and investors. 

Edited by Raqeebzy
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1 hour ago, Raqeebzy said:

This question is clearly not for small traders. To stake Ethereum and become a full validator, there should be minimum 32eth in your portfolio and staking more than that means higher interest. Staking less than that might not be much profitable.

 I think so about this because 32 eth is not a small amount while coinbase eth holder wont be able to withdrawl their staking till phase 1 wont get update..  That is why who have 32 eth can use it for another purpose to earn profit..   Actually you are right @Raqeebzy that eth2 staking for big investor..                

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On 12/13/2020 at 4:20 PM, Dorjoy12 said:

 I think so about this because 32 eth is not a small amount while coinbase eth holder wont be able to withdrawl their staking till phase 1 wont get update..  That is why who have 32 eth can use it for another purpose to earn profit..   Actually you are right @Raqeebzy that eth2 staking for big investor..                

So are you trying to stake ETH sooner?. Personally, I try to find other opportunities that comes with which might as well fetch some profits as staking or even way more. It is just matter of time we'll start reaping the benefits. (Investors).

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My Altcointalks username —° Raqeebzy

 

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2 minutes ago, Raqeebzy said:

So are you trying to stake ETH sooner?. Personally, I try to find other opportunities that comes with which might as well fetch some profits as staking or even way more. It is just matter of time we'll start reaping the benefits. (Investors).

@Raqeebzy  i am not that kind of big investor who going to stake eth2 almost for 2 years brother because with this capital i can get more profit than the staking profit..  Yah finding another way to earn profit is more good than keep stake money like this.         

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You should mention that to participate in Eth 2.0 you must invest 32 Eth in the network, money that will be staking for a long time, at least 2 years, of course, the profits generated are incredible, but with the price of eth that is around the 600USD multiplied by 32 ETH is a lot of money to invest

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12 minutes ago, Dorjoy12 said:

@Raqeebzy  i am not that kind of big investor who going to stake eth2 almost for 2 years brother because with this capital i can get more profit than the staking profit..  Yah finding another way to earn profit is more good than keep stake money like this.         

In the next few months in the following year as investors who will love to stake for long term begin to lock their funds, the result it will have on ether market will be great to see for traders and also in DeFi currencies. 2021 holds lots of opportunitie especially with ETH.

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My Altcointalks username —° Raqeebzy

 

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4 minutes ago, Raqeebzy said:

2021 holds lots of opportunitie especially with ETH.

@Raqeebzy as far as i know many investor as well trader already said that 2021 is the year of altcoin pump..  As you said eth will pump and its indicate another altcoin will pump too because all the altcoin pump depends on eth you know..   Again i have no much information about DeFi..          

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In an official blog post, Coinbase says it plans to roll out Eth2 staking, trading and conversion services starting in early 2021. Once Eth2 is supported, existing Coinbase customers will be able to convert their Ether (ETH) tokens to ETH2 and earn staking rewards.

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9 minutes ago, Dorjoy12 said:

altcoin pump depends on eth you know..

I have strong perspective 2021 won't only be a good one for BTC bull run but also an altcoin season. But I will have to disagree with the above statements; most altcoins price and market behaviour are totally different and not affected by ETH. Check the charts, long term or short term, the difference is clear.

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My Altcointalks username —° Raqeebzy

 

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On 12/11/2020 at 10:13 AM, Dorjoy12 said:

Hopefully  the reward  of staking ETH 2.0 on coinbase will be profitable ... 

@Dorjoy12...Coinbase is a good platform.  I use Coinbase.  However, all the popular coins in the crypto world are available on this platform.  However, the ethereum 2 upgrade coin will be added to the coinbase but it cannot be traded.  They will start trading with it in the new year.  And if you keep these coins there, you can make a profit.

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23 hours ago, Raqeebzy said:

Check the charts, long term or short term, the difference is clear

 I Didn't look to the market for short term @Raqeebzy but for long term i have seen that some time btc pump suddenly but eth remain stable..  So when btc become stable eth start to pump as well another altcoin start to pump..  I said this because i am witnessed of this strategy..       

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Announcing this event, Prime Minister Rishi Sunak stated that he is proud of the "achievements of his government [Conservatives]". "Economic stability is the foundation of any success," he added, noting that the UK economy is still growing and inflation has returned to normal levels.   Despite Sunak's assurances, in May 2024, the monitoring company Ipsos reported that 84% of the population are "dissatisfied with how the government is managing the country". Current election forecasts based on public opinion polls show that 21.3% may vote for the Conservatives, 41.9% for their opponents, the Labour Party, and the rest for other parties.   It must be noted that the government of Rishi Sunak has several real achievements. On 19 June, data on consumer inflation (CPI) was published, and overall, the picture turned out to be quite good. The consumer price index month-on-month remained at the previous level of 0.3%, lower than the forecasted 0.4%. Year-on-year, the CPI decreased from 2.3% to 2.0%, reaching the Bank of England's (BoE) target for the first time since October 2021. The core index (Core CPI), which excludes volatile components such as food and energy prices, also showed a significant decrease from 3.9% to 3.5% year-on-year.   According to the report from the Office for National Statistics (ONS), presenting the final data on 28 June for Q1 2024, the UK economy grew by 0.7%, higher than the previous value and forecast of 0.6%. Year-on-year, real growth was 0.3%, exceeding the previous value and expectation of 0.2%. This was the best dynamic since Q4 2021.   If the UK parliamentary elections on 04 July and the inflation report on 17 July do not bring significant surprises, the markets predict that the BoE will start lowering rates at its nearest meeting on 01 August. According to ING bank strategists, "we still forecast that the Bank of England will start lowering rates in August and will begin to signal this in its speeches as soon as the general elections on 04 July are over". In their opinion, the likelihood of rate cuts by the Bank of England is much higher than those by the Fed, which will put pressure on the pound sterling. TDS company analysts, on the other hand, give the following forecast: "We believe a rate cut of 15 b.p. is expected in August, and about 50 b.p. in total for 2024". In several other market participant forecasts, it is also mentioned that by November, the reduction could be around 30 b.p.   GBP/USD ended the past five-day period exactly where it started – at 1.2644. The analyst forecast ahead of the parliamentary elections is unequivocal – 100% side with the dollar and expect the British currency to weaken. Regarding technical analysis on D1, there is also a clear advantage on the dollar's side. Trend indicators are in favour of the dollar at 65% to 35% red to green. Oscillators are 100% pointing south, with 20% signalling the pair is oversold. In case of further decline, the pair's levels and support zones are 1.2610-1.2620, 1.2540, 1.2445-1.2465, 1.2405, 1.2300-1.2330. In case of the pair's growth, it will meet resistance at levels 1.2675, 1.2700, 1.2740-1.2760, 1.2800-1.2820, 1.2860-1.2895, 1.2965-1.2995, 1.3040, and 1.3130-1.3140.   As for the events of the upcoming week, all investor attention is focused on the elections on 04 July. The next important event, as mentioned, will be the publication of the fresh inflation report in the United Kingdom on 17 July.   USD/JPY: Another Peak Conquered   Last week, 75% of analysts expecting new currency interventions voted for the USD/JPY pair's retreat south, while the remaining 25% pointed north. The minority, as is often the case with the Japanese currency, turned out to be right: no interventions occurred, and the pair reached another peak – 161.28.   Frankly, there's nothing to comment on here – everything has been discussed dozens and hundreds of times. The problem of the yen's weakening lies in the ultra-loose monetary policy of the Bank of Japan (BoJ). And as long as it does not decisively turn towards tightening, the national currency will continue to lose its positions. Of course, for a while, the Ministry of Finance and the Central Bank can support its exchange rate with currency interventions. But spending billions and billions on something that disappears like ripples on water after a few days – is there any point in that? Can this be called monetary policy?   If inflation falls in major competing countries, in Japan, it rises. According to data published on Friday, 28 June, the Consumer Price Index (CPI) in Tokyo for the year ending in June rose to 2.3% compared to 2.2% for the previous period. The core CPI inflation (excluding volatile food prices) also increased to 2.1% year-on-year, which is higher than both the forecast of 2.0% and the previous value of 1.9%. Another core CPI index for Tokyo (excluding food and energy prices) decreased in June to 1.8% year-on-year compared to the previous value of 2.2%.   Of course, these are not jumps that warrant sounding a loud alarm – all indicators are "hovering" around the target 2.0%. This allows Japanese officials to pause, without changing the vector of their monetary policy, and to limit themselves to verbal "interventions". Thus, Japan's Finance Minister Shunichi Suzuki once again stated that he is "deeply concerned about excessive and unilateral movements in the Forex market" and expressed hope that "trust in the Japanese currency is maintained". Suzuki's colleague, Cabinet Secretary Yoshimasa Hayashi, delivered almost the same speech word for word. However, he added that the authorities "will take appropriate measures regarding excessive currency movements", hinting at another currency intervention.   This hint from Yoshimasa Hayashi scared 60% of experts who voted for the pair's southward movement and yen strengthening, 20% pointed north, and 20% took a neutral position. The opinion of the indicators is unambiguous, as they have never heard of interventions. Therefore, all 100% of trend indicators and oscillators on D1 are green, although a quarter of the latter are in the overbought zone. The nearest support level is around 160.25, followed by 159.20, 158.65, 157.60-157.80, 156.60, 155.45-155.70, 154.50-154.70, 153.60, 153.00, 151.90-152.15, 150.80-151.00. The nearest resistance is in the 160.85 zone, followed by 161.30 and 162.50.   In the upcoming week, the calendar highlights Monday, 01 July. On this day, the Tankan Large Manufacturers Index will be published. No other important macro statistics regarding the state of the Japanese economy are planned for the coming days.   CRYPTOCURRENCIES: Causes and Consequences of "Black Monday" on 24 June     Monday, 24 June, presented investors with a very unpleasant surprise – on this day, bitcoin's price fell below $60,000 for the first time since 03 May, reaching $58,468 at one point. Ethereum, in turn, fell below $3,250. Analysts highlight several reasons for the active sell-offs, noting that they reflect overall instability in global financial markets and uncertainty about monetary and regulatory policies in several leading countries, especially China and the US. However, there are also more specific factors that contributed to the development of the bearish trend.   In mid-June, the German government began selling off a huge amount of bitcoins (about 50,000 BTC) confiscated in January. Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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