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Obliv0n

¡Demand increases and supply decreases in the Bitcoin!

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Of course when days come the demand of bitcoin are increased while the supply become low while many investors are using bitcoin, so that's why the bitcoin price are increased.

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On 1/2/2021 at 11:04 AM, Obliv0n said:

This could be interpreted as a possible "bubble", but for now it is inevitable.


What's your opinion about it?

  • Is institutional adoption a bad thing for individuals or in the long run is it better for them to dictate how the market works?

@Obliv0n As much as I don't see a bubble, I believe that in the face of the fear of the dollar's collapse many are taking refuge in the BTC in the face of a loss of value of their assets in the future, but there are always those who play on volatility in order to make profits and get out, that will always be present, what if it could happen is that if there is an injection of dollars into the internal economy of the US, the price of bitcoin will continue its course towards higher prices, so I explain above, these next months will mark a path towards what will be the end of this year in currency fluctuation hopefully the changes will not be too abrupt and have the necessary balance to make the market more healthy and predictable.

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On 1/6/2021 at 3:26 AM, Whited35 said:

Brother, most of the true investors would not love to sell their BTC holding during this bullish markets. Recently, Litecoin and BNB made me confused due to sudden upsurge and I thought altcoin season is initiated but immediately, price collapsed and I came into the conclusion, investors were just converting their BTC to some altcoins like BNB and Litecoins to make transfer easier🤣

Guess there was busier network and transaction fee skyrocketed as it is normal. LTC and other altcoins were seen as advantages. But nonetheless, they are reaping the benefits and the markets are looking great. Also ETH is also following the same steps as bitcoin. It is a profit-profit season 😉

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My Altcointalks username —° Raqeebzy

 

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21 minutes ago, Raqeebzy said:

Guess there was busier network and transaction fee skyrocketed as it is normal. LTC and other altcoins were seen as advantages. But nonetheless, they are reaping the benefits and the markets are looking great. Also ETH is also following the same steps as bitcoin. It is a profit-profit season 😉

I agree with you. Single coin volatility does not matter. Active day traders might take the benefits off pairs' price strength. Nowadays, in order to make the profits, we should not necessarily to  rely on Bitcoin only. For example:- Last time more than 20% surge in Litcoin's price was noted Bitcoin was just at +3.7%. I am just wondering now, how long will this excellent crypto markets last 🤐 !

Edited by Whited35
Minor error in texts.
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7 minutes ago, Whited35 said:

I agree with you. Single coin volatility does not matter. Active day traders might take the benefits off pairs' price strength. Nowadays, in order to make the profits, we should not necessarily to  rely on Bitcoin only. For example:- Last time more than 20% surge in Litcoin's price was noted Bitcoin was just at +3.7%. I am just wondering now, how long will this excellent crypto markets last 🤐 !

Most attention is on bitcoin for beginner trader especially. Whereas, there is more interesting bull run on top altcoins. Ethereum, Litecoin and even embattled ripple (20%+ or so in last 24h). It is amazing times to be a crypto trader/user.

I actually expect BTC breakout go all the way to $43k or worse, we can see a bearish movements back to $32k, let's see.

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43 minutes ago, Dormilon said:

@Obliv0n As much as I don't see a bubble, I believe that in the face of the fear of the dollar's collapse many are taking refuge in the BTC in the face of a loss of value of their assets in the future, but there are always those who play on volatility in order to make profits and get out, that will always be present, what if it could happen is that if there is an injection of dollars into the internal economy of the US, the price of bitcoin will continue its course towards higher prices, so I explain above, these next months will mark a path towards what will be the end of this year in currency fluctuation hopefully the changes will not be too abrupt and have the necessary balance to make the market more healthy and predictable.

@Dormilon The issue of the United States with the injection of liquidity or of the IMF making loans is something that I plan to touch on later, since some consider that this could end in an economic crisis similar to that of 2008 because the global debt only increases, it is I could sayed that 2021 does not look very good for the traditional system. 

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Bitcoin price is often times rises too much at levels not expected by traders but there comes a stop and a correction, it is times like these you have to listen to the market and make your best decisions.

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We have some data we can examine but we don't have access to the money flow in and out of exchanges. Also there are many trades done OTC and are not recorded anywhere so it is not easy to assume there is very high demand or not. But certainly when we read the numbers from the institutions and grayscale we are more optimistic.

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41 minutes ago, Obliv0n said:

The issue of the United States with the injection of liquidity or of the IMF making loans is something that I plan to touch on later, since some consider that this could end in an economic crisis similar to that of 2008 because the global debt only increases, it is I could sayed that 2021 does not look very good for the traditional system. 

@Obliv0n Then undoubtedly the price of the BTC will rise, because that mass of money will go to the currency to protect the value before a decline in the dollar, it means that this year you can have the bitcoin above 100k $ in its price, something that some predicted, but many others did not believe, hopefully the cryptocurrencies can grow enough and be beneficial to those of us in the ecosystem, working every day for a better personal economy.

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22 hours ago, Raqeebzy said:

Most attention is on bitcoin for beginner trader especially. Whereas, there is more interesting bull run on top altcoins. Ethereum, Litecoin and even embattled ripple (20%+ or so in last 24h). It is amazing times to be a crypto trader/user.

That $43K resistance is more likely to be broken within a few days. I am wondering to see Ripple(XRP) is still making some momentum in the markets, are investors still converting their BTC holding into XRP to cash out purpose from the exchange sites?

Massive pumps are observed for Bitcoin within a week and it is very hard to make the exact prediction from which point value start to get crashed 🤐!

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5 minutes ago, Whited35 said:

Massive pumps are observed for Bitcoin within a week and it is very hard to make the exact prediction from which point value start to get crashed 🤐!

 Some trader thinking out that btc will break  out 50k usd  within this bullrun but its sure that sooner or later it will dump..  I feel like that microstrategy   company now start to collection  their btc profit as they bought  almost  23k btc..  So imagine if they start to sell then its normal btc will dump more.. 

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On 1/2/2021 at 4:04 PM, Obliv0n said:

It is no secret that today the adoption of Bitcoin has increased faster than the system can support, therefore the supply has been limited due to institutional purchases, which monopolize the newly mined coins, leaving the exchanges with a low supply compared to past years.


This can be the basis for an outbreak that involves a rebound in the price of Bitcoin, since the less supply is in the market, the greater the demand and therefore the profits will increase.


This could be interpreted as a possible "bubble", but for now it is inevitable.


What's your opinion about it?

  • Is institutional adoption a bad thing for individuals or in the long run is it better for them to dictate how the market works?

"bubble" can you answer me on simple question.

If BTC is "bubble" why still have value?

Why BTC cross and hit new ATH (AllTimeHigh)?

That story with "bubble" dont have sense at all, because when "bubble"/coin "burst" after that dont have value right?

Yes I agree that currently is high demand for BTC, and market dont have that much BTC and maybe because of that price "pump" this much. And maybe we can see soon some drop, but like we can see price constantly go up and it's big question what will be next. P.S. A lot of people still wait for atlcoins season.

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18 minutes ago, BullRunBit said:

"bubble" can you answer me on simple question.

If BTC is "bubble" why still have value?

Why BTC cross and hit new ATH (AllTimeHigh)?

That story with "bubble" dont have sense at all, because when "bubble"/coin "burst" after that dont have value right?

Yes I agree that currently is high demand for BTC, and market dont have that much BTC and maybe because of that price "pump" this much. And maybe we can see soon some drop, but like we can see price constantly go up and it's big question what will be next. P.S. A lot of people still wait for atlcoins season.

@BullRunBit When I mention the term "bubble" I mean that it is inevitable that part of the cryptocurrency community considers it that way, since the same thing happened in 2017, I do not emphasize in that I agree with that definition, I prefer to explain this event in base on the fact that the institutions are buying more than the market can offer, therefore it will go up and down, as it always does, sorry if I don't explain it well, my English is not very good, greetings! 😅

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1 hour ago, Obliv0n said:

@BullRunBit When I mention the term "bubble" I mean that it is inevitable that part of the cryptocurrency community considers it that way, since the same thing happened in 2017, I do not emphasize in that I agree with that definition, I prefer to explain this event in base on the fact that the institutions are buying more than the market can offer, therefore it will go up and down, as it always does, sorry if I don't explain it well, my English is not very good, greetings! 😅

I dont think so that is cryptocurrency community, that is people who do not know or first time heard about cryptocurrency. Like for example (2017) when BTC hit (old) ATH and when some people buy at that price and when price drop they called BTC "bubble" and it's interesting to heard what they have to say now about BTC on new ATH.

About second part, I agree with that and it will be interesting what will be next.


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2 hours ago, Whited35 said:

That $43K resistance is more likely to be broken within a few days. I am wondering to see Ripple(XRP) is still making some momentum in the markets, are investors still converting their BTC holding into XRP to cash out purpose from the exchange sites?

I actually did that earlier today, maybe I am one of those traders. To limit the TX fee and as I want it to be immediate, I trade BTC for 300XRP earlier; luckily not to sell, I made up to 5% profits again. I can say largely, it is dependent on BTC movements.

3 hours ago, Whited35 said:

Massive pumps are observed for Bitcoin within a week and it is very hard to make the exact prediction from which point value start to get crashed 🤐

It is a new all time high again is less than two hours earlier. $43k restrictions might be the calm before the storm for BTC value. It could deep all the way back to $33k.

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This days demand and supply of bitcoin have really change with the hike in the bitcoin price those with enough capital are buying and selling to Benefit from the opportunity in the price rising. 

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For that reason there will reach the time when there will be very difficult to own bitcoin because it will be lack and if you'll afford to have it you must buy it in a very high price. 

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I disagree with you, this decrease in supply was due to the halving effect of bitcoin in May last year, which is why the increase in bitcoin prices has continued until now. The demand is high due to the large number of new investors who have entered to invest in bitcoin, the pandemic has influenced people to invest in bitcoin. Meanwhile, bitcoin supply has just shrunk due to the halving. So in my opinion, the increase in the price of bitcoin is not a bubble but purely due to the situation and conditions of people working from home due to the lockdown.

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11 hours ago, Goyaa said:

I disagree with you, this decrease in supply was due to the halving effect of bitcoin in May last year, which is why the increase in bitcoin prices has continued until now. The demand is high due to the large number of new investors who have entered to invest in bitcoin, the pandemic has influenced people to invest in bitcoin. Meanwhile, bitcoin supply has just shrunk due to the halving. So in my opinion, the increase in the price of bitcoin is not a bubble but purely due to the situation and conditions of people working from home due to the lockdown.

I already explained what I mean by the term "bubble", I do not consider that the market is within one, however a sector of the community affirms that it is so.

 

In the case of halving, it is true that the supply is low, but so far there has not been a supply "crisis" like the one that lasted during the end of December and the beginning of January, in fact all the media have attributed this effect to it. to the institutions that bought billions of dollars in BTC, greyscale, square, PayPal among others, which bought the bitcoins without reaching the market, directly from the miners.

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I don't think there is a bubble, I have heard this many times before but if this is a bubble, what about the stock markets? These companies produced in 2020 very little and their profitability was based on the money that was given by the new printed money that FED created. Look at Tesla, where it has gone, is there anything justifying that Tesla valuation should be close to a trillion dollars? 

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The forces of demand and supply are the main reason that makes the price oof virtually all cryptocurrencies to fluctuate 

On 1/5/2021 at 10:43 AM, cryptovlek said:

Bubble has usually a state of euphoria, too high prices and investors buying Lambos. Once you see your neighbour that never cared for technology or investments telling you he is in Bitcoin, be on the lookout for an exit.

These is true. Most of them only come in because of the fear of missing out. 

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Of course dear now days the demand of bitcoin is increase so much as compared the supply. Mostly people wants big profit and now the Bitcoin is Best way for the earning. It's rule the demand of anything is increase as compared the supply. Now the the demand of bitcoin increase. And the people those hold it they get good profit. For the traders is good news .

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On 1/2/2021 at 5:04 PM, Obliv0n said:

It is no secret that today the adoption of Bitcoin has increased faster than the system can support, therefore the supply has been limited due to institutional purchases, which monopolize the newly mined coins, leaving the exchanges with a low supply compared to past years.


This can be the basis for an outbreak that involves a rebound in the price of Bitcoin, since the less supply is in the market, the greater the demand and therefore the profits will increase.


This could be interpreted as a possible "bubble", but for now it is inevitable.


What's your opinion about it?

  • Is institutional adoption a bad thing for individuals or in the long run is it better for them to dictate how the market works?

It is known in the market, the less demand and the greater the supply, the lower the price, and vice versa today. I expect that Bitcoin will increase the demand for it and the less bitcoin in the markets

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Currently the price increase is because the demand increases and the supply was decreased. But the supply decreases because of large institute mass adoption of BTC where the institutes bought BTC at low price and give the pump up.The price increase make hype inthe market and now people are divided into two decision either hold for more price increase or sell BTC at current price. Which will lead to dump. 

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On 1/14/2021 at 9:50 AM, guatazoo said:

For that reason there will reach the time when there will be very difficult to own bitcoin because it will be lack and if you'll afford to have it you must buy it in a very high price. 

So then if you also have discovered that its good at that time to start holding your bitcoin, maybe have a time table of investing 0.002 bitcoin every month to your wallet.

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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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