Grundaren av SkyBridge Capital sade att Copernicus var den förste som lade fram teorin om att jorden kretsar kring solen. Scaramucci jämför detta med hur Bitcoin revolutionerar begreppet pengar.

Anthony Scaramucci var med i CNBC:s Squawk Box för att prata om Bitcoin. Han sa att världen håller på att förändras när det gäller pengar. För att illustrera betydelsen av detta jämförde han Bitcoin Billionaire övertagande av finanserna med publiceringen av Copernicus heliocentriska teori.

„Det var 1500 någonting när Kopernikus sa att vi kanske kretsar runt solen. Saker och ting förändras. Vi måste se rationellt på det, vi måste acceptera att om pengar är en teknik som gör det möjligt för oss att överföra varor och tjänster till varandra på ett effektivt sätt, så skulle tekniken omkring oss sannolikt förbättra pengarna.“

Resultatet av detta, antyder Scaramucci, är att det gamla gardet faller ifrån. I det här fallet guld. Sedan augusti förra året har den glänsande metallen fastnat i en nedåtgående kanal. Och det som en gång i tiden var det bästa skyddet spelar nu andra fiolen till Bitcoin.

Bitcoin-bocken

Scaramucci redogör för Bitcoin-juridiken genom att säga att han tror att den främsta kryptovalutan kan röra sig mycket högre på lång sikt. Dessutom ser han, med institutioner som kommer i massor, en mognadspunkt där volatiliteten så småningom kommer att jämnas ut.

Som stöd för detta påstående ger Scaramucci exemplet Amazon. Under de tolv åren från Amazons börsintroduktion i maj 1997 till maj 2009 fick investerarna ta del av vinster på över 3 600 procent. Att köpa Amazon efter denna period och behålla aktien fram till i dag skulle ha gett 640 procent i avkastning.

Även om avkastningen var betydligt mindre efter 2009 var kursutvecklingen också mindre volatil.

„Amazon handlar nu, 20 år senare, med större stabilitet. Det fick en mycket stor knäppning på grund av pandemin, men det är bara att ta en titt på dess långsiktiga diagram, och jag tror att det kommer att hända med bitcoin.

När den väl är fullt utvecklad kommer du att titta på den situationen och säga: ‚Okej, det är mycket mindre spekulativt‘.“

Penningskrivare kommer att få se inflation i tillgångspriserna

Med tanke på den vansinniga penningtryckningen på senare tid säger Scaramucci att allt är anpassat för att Bitcoin ska gå uppåt under året.

„Du har en 40-procentig ökning av dollarvolymen, det kommer att visa sig i tillgångspriserna…“

Han varnade dock för att denna situation skulle öka skillnaderna mellan de som har och de som inte har. De med lämpliga tillgångar kommer att stiga till toppen, medan de utan tillgångar kommer att sjunka. Han tillägger att han personligen anser att Bitcoin är den tillgång som bör behållas i denna situation, främst på grund av dess knapphet.

Där ligger „Copernicus-ögonblicket“. Även om guld anses vara relativt sällsynt finns det fortfarande inget sätt att fastställa dess utbud. För första gången i historien representerar Bitcoin en tillgång som är allmänt accepterad som värdefull, men med ett verifierbart fast utbud.

MasterCard giver sine næsten en milliard brugere mulighed for at bruge kryptokurver på mere end 30 millioner købmænd, selvom det ikke har specificeret, hvilke mønter der understøttes.

MasterCard har annonceret planer om at støtte kryptokurver i 2021 og baner vejen for sine næsten en milliard brugere til at bruge digitale aktiver til mere end 30 millioner købmænd

Firmaet mener, at dette kan åbne forhandlere for nye kunder og opbygge loyalitet med eksisterende kunder, der allerede migrerer til digitale aktiver via traditionelle fiat-muligheder.

”Det handler om valg. MasterCard er ikke her for at anbefale, at du begynder at bruge kryptovalutaer. Men vi er her for at gøre det muligt for kunder, handlende og virksomheder at flytte digital værdi ”
Mens den globale betalingsgigant bemærkede, at det planlægger at støtte stablecoins på grund af deres „pålidelighed og sikkerhed“, nægtede Mastercard at navngive specifikke kryptokurver, som det vil integrere.

Mastercard tilbød dog fire kernekriterier, hvorefter det vil vurdere fremtidige aktiver: robust forbrugerbeskyttelse, herunder forbrugernes privatliv og sikkerhed, streng KYC-overholdelse, overholdelse af lokale love og regler og stabilitet som betalingsmiddel.

MasterCard bemærkede også, at det „aktivt interagerer med flere store centralbanker rundt om i verden“ for at støtte centralbanks digitale valutainitiativer eller CBDC’er.

Sidste år udgav firmaet et „virtuelt sandkasse“ -værktøj til at demonstrere, hvordan et CBDC kan bruges til at afregne forbrugerkøb ved hjælp af MasterCards infrastruktur.

Meddelelsen fra MasterCard rapporterede også om en stigende efterspørgsel efter digitale aktiver blandt sine kunder og bemærkede, at mange brugere har købt kryptoaktiver med deres MasterCards midt i det nuværende tyremarked.

”Digitale aktiver bliver en vigtigere del af betalingsverdenen,” konkluderede MasterCard

„Vi er her for at gøre det muligt for kunder, handlende og virksomheder at flytte digital værdi – traditionel eller krypto – uanset hvad de vil. Det skal være dit valg, det er dine penge.“

MasterCard har allerede afsat betydelige ressourcer til at udforske distribueret hovedbogsteknologi, hvor virksomheden i øjeblikket har 89 blockchain-patenter, mens yderligere 285 applikationer afventer.

Betalingsudbyderen har i nogen tid engageret sig i kryptobetalinger og samarbejder med Wirex og BitPay for at oprette kryptokort , selvom ingen kryptokurver flyttede gennem MasterCards netværk.

MasterCards meddelelse er den seneste af en række institutionelle indførelser af kryptokurver, der er kommet de sidste par uger. Denne uge annoncerede Tesla et køb på $ 1,5 mia. Bitcoin fra sin likviditetsreserve og tilføjede, at den snart vil acceptere Bitcoin-betalinger for sine biler.

I sidste uge fordoblede PayPal kryptoen og meddelte, at de vil tilbyde kryptobetalinger til sine 26 millioner købmænd, efter at dens begrænsede kryptohandelstjenester „oversteg forventningerne.“

En uge før dette bekræftede Visa-formand og administrerende direktør Al Kelly sit engagement i kryptobetalinger og onramps under sit indtjeningsopkald i 1. kvartal.

Spekulation om hvilke andre teknologivirksomheder, der kommer de næste til at komme ind i kryptokurrency-kaninhullet, er også begyndt at opstå, med udbydere af finansielle tjenester RBC Capital Markets, der siger, at Apple skal følge i Teslas fodspor. RBC-analytiker Mitch Steves skrev til kunder, at udvikling af en kryptobørs i Apple Wallet ville skabe et stort nyt marked for vækst.

The Bitcoin futures market has a significant expiration date of December 25.

In a tweet on Monday, the crypto-currency data provider, Skew, reported that 102,200 Bitcoin options will expire on Dec. 25.

Scaramucci’s SkyBridge Requests U.S. SEC to Launch Bitcoin Fund

Option contracts allow their holders to buy or sell Bitcoin at a specific price, which is known as the strike price. The December 25 expiration has notable clusters around the strike price of $15,000 and the exercise price of $20,000, according to Skew.

Expiration dates for BTC options, according to Skew

The expiration date of Bitcoin option contracts is widely considered to be a volatile event for the flagship crypto currency because, as the expiration approaches, holders adjust their contracts. Traders who make a profit can also decide to get paid and lower the price of the krypton currency.

Did Bitcoin’s price just present a „retail FOMO spike signal“? This indicator says yes

BTC options expiring on December 25 by exercise price, according to Skew

Such events are known to cause large fluctuations in the Bitcoin value. Usually, the impact of a contract on the BTC price becomes more evident approximately one or two days before expiration.

The record open interest of $6.5 billion in Bitcoin options was recorded after BTC’s all-time high

Crypto-derivative trading has soared this year as more traders and institutional investors seek additional exposure to Bitcoin. Last week, the crypto-derivatives platform, Deribit, began offering Bitcoin futures with an exercise price of USD 100,000 that expires on September 24, 2021. In other words, Bitcoin enthusiasts who think that cryptomone currency will reach a six-figure level can now take that bet in the futures market. .

Bitcoin is currently in the midst of a bull market that’s being driven in part by institutional investors and large off-market trades. Even with the anticipated volatility of futures, there’s a good chance that Bitcoin will remain well supported by institutional demand and the rise of so-called „illiquid wallets“ – addresses that have sent less than 25% of the BTCs they’ve ever received. Chainanalysis believes that illiquid wallets contain 77% of the 14.8 million mined BTCs that have not been lost.

CME becomes the second largest Bitcoin futures market

Approximately USD 2.3 billion in Bitcoin futures (BTC) will expire on Christmas Day, setting the stage for a volatile week in the crypto market.

The head of hedge fund One River Asset Management, Eric Peter, said the company plans to increase its cryptocurrency assets to $1 billion by early 2021.

Hedge fund One River Asset Management, along with co-founder Brevan Howard Asset Management, billionaire Alan Howard acquired more than $600 million worth of cryptocurrency, Bloomberg writes. One River Digital Asset Management, a fund launched in October specifically to invest in cryptocurrencies, plans to grow its bitcoin and ether assets to $1 billion by early 2021.

The company bought cryptocurrency in November without attracting widespread attention so as not to provoke a surge in bitcoin. Coins were bought at a price of less than $16,000 per bitcoin. On December 17, the cryptocurrency rate reached $23.8 thousand, as of 15:20 Moscow time, bitcoin is trading at $22.7 thousand.

Northern Trust will act as administrator of funds of One River Digital Asset Management, cryptocurrency exchange Coinbase from the United States will be engaged in the execution of transactions and act as a custodial partner. Hedge fund head Eric Peter stressed that the cryptocurrency market has higher risks than gold, but it also offers higher profits.

Financial market forecasts are the private opinion of their authors. The current analysis does not constitute a trading guide. ForkLog does not assume any responsibility for the results that may arise from the use of the trading advice provided in the reviews.

The current market situation is described by trader Ilya Meshcheryakov.

The end of last week was very successful for the cryptovoltaic market – as I wrote in the previous review, the goals of the decline in figure have already been achieved, which means that in order to continue the upward trend, the bitcoin had to turn right from $16 300.

Fortunately for the bulls, this happened and the BTC is already trading above $18,800 with a stable domination index of 62%.

The outlook remains positive as the 17% correction has reduced overbought and knocked out much of the open interest in the long run without causing unnecessary panic.

The end of the correction is also predictable, with the formation of a triangle with an upward impulse exit. A good correction in terms of structure is in most cases considered a positive signal for further trend development.

A triangle at BTC with a subsequent upward impulse, as well as the current trend line with the assumed stop zone (red). Five-minute BTC/USDT chart from TradingView.

The current BTC growth is formed into an upward price channel with a clear trend line – such movements are not only beautiful, but also dangerous. This is due to the large number of buyers placing their stop orders below the trend line.

Pay attention to the $18,200-$18,400 zone – this is where SL buyers in the current short-term trend will most often be concentrated, so there is a high probability of a rollback to these values in the near future.

The longer term prospects indicate that the global maximum will be renewed as early as this year – this is strategically important for attracting new capital from investors with more available funds before and after the holidays.

I have already written in previous reviews that it is unlikely that the scale of this transition will be significant as it is very costly and the result of reaching the $25,000 or $30,000 mark will be approximately the same (from a fundamental point of view).

BTC’s levels of support and resistance in the medium term. BTC/USDT hour chart from TradingView.

Important levels in the case of a short term downtrend scenario are $18,070, $17,360 and $16,430, which would be good as entrance prices to the medium term long range.

The market thus showed us a structurally good correction, which ensured that growth resumed fairly quickly.

The championship will be taken by BTC, for which they will try to gather all forces to renew the historic high, and then begin to fix profits in altokoin, giving them a new impetus for growth.

Bitcoin’s interrupted rally has increased the likelihood of a major pullback, according to independent analyst Vince Prince.

The TradingView.com author writes that there is a 35 percent chance that Bitcoin price will fall soon. He cites a textbook technical indicator that predicts declining reversal patterns.

The pattern known as „head and shoulder“ appears during an asset’s uptrend. Traders acknowledge it when they see three highs forming on a support-like baseline.

The middle peak is higher than the other two, so that it looks like a head hanging over two shoulders on each side – hence „Head and Shoulder“

The H&S patterns typically end in a breakout below the baseline, with a downward target well below the structure’s maximum elevation. Prince comments that Bitcoin forms a similar technical setup, with the left shoulder and head fully confirmed and the right shoulder partially fixed.

„Bitcoin is already being traded in overbought zones,“ he adds. “That doesn’t mean that it can move higher and make new highs. However, the downward prospect should by no means be underestimated. Bitcoin Era moves in zones in which a rapid reversal and change of direction can be established more easily. “

If the H&S pattern is valid, Bitcoin risks being about $ 1,600 below its baseline (the level between the high and the support). The yellow area in the graph above shows the ideal target area for the H&S outbreak.

What risks Bitcoin is exposed to

Prince’s bearish outlook for Bitcoin received involuntary support from the cryptocurrency futures market. According to Glassnode, the average „funding rate“ across all Bitcoin exchanges has risen to levels suggesting that traders may have been over-leveraged through open-ended contracts.

Measured every eight hours, the refinancing rate shows the cost of holding a bullish contract, that is, a long position. A positive value indicates that bulls are paying bears.

This increases the value of the perpetual contract via the Bitcoin spot rate. Hence, a very high refinancing rate signals that leverage is unduly skewed in favor of the bulls. It is an overbought condition.

An event of a pullback in the cash market can lead to massive long liquidations, which can lead to more price declines and higher volatility.

The optimistic perspective

However, Prince also believes in a limited corrective downtrend. He writes that Bitcoin could find support at the H&S neckline in order to rise higher again – and that could invalidate the entire trend reversal theory as a whole.

Vince’s conclusion:

„Since Bitcoin still has solid supports [near] the 65 EMA and the blue horizontal support, the bullish breakout has a greater 65% probability“

Its upward outlook sees Bitcoin at over $ 19,000.