New data shows Bitcoin is rapidly displacing gold

New data shows Bitcoin is rapidly displacing gold as a store of value

Data from Bloomberg shows investors are buying bitcoin at an unprecedented rate, with the cryptocurrency quickly becoming a part of portfolios around the world.

Much of the rush is being led by investors seeking an alternative, uncorrelated investment to traditional instruments such as Crypto Bank bonds or equities, amid fears of global inflation and a gloomy economic outlook.

Mike McGlone, a commodities analyst for Bloomberg, wrote in a tweet that bitcoin’s growth appears to be eclipsing even gold’s.

„Digital gold is pushing aside the old guard. Gold will always have a place in jewellery and coin collections, but most indicators suggest Bitcoin is rapidly displacing the metal as a store of value in investors‘ portfolios.“

It’s a statement to which even Michael Saylor, the Bitcoin-loving CEO of business software firm MicroStrategy, quipped: „The Bitcoin dragon is devouring the kingdom of gold.“

Gold has been used as a historical store of value and medium of exchange for millennia. But the yellow metal has lost much of its appeal to investors over the past decade, and even more so in the past year: its prices have fallen nearly 15% since a peak in August 2020, even as financial assets around the world have soared during that period.

The decline has led many institutional investors to rethink their treasury strategy and turn instead to more valuable equities and bitcoin. MicroStrategy kicked off the institutional Bitcoin momentum with an initial $175 million purchase in August last year – and went on to accumulate over $1.6 billion worth of assets.

The bitcoin rush

Tech companies such as Square and Tesla have also been buying Bitcoins recently, with the former buying $50 million and the latter over $1 billion at various points in recent months.

But it is not just Bitcoin that is being invested in. Meitu, a Hong Kong-listed photo editing app, bought over $22m worth of Ethereum and $17m worth of Bitcoin last week, citing strong fundamentals as one of the reasons for the purchase.

Meanwhile, some say bitcoin and gold can co-exist. According to a report published last month by US bank Goldman Sachs, the two assets cannot „cannibalise“ each other – there would be „plenty of room for both“.

According to the bank, bitcoin is a more „risk-on“ play, gold a „defensive“ play, with the former playing a different role in a portfolio due to its historical volatility.

United States: a street artist promotes Bitcoin while criticizing the current financial system

Last month, 12 cities across the United States saw several of their billboards get hijacked by street artist Cryptograffiti. These panels present Bitcoin (BTC) as an alternative to the current financial system and criticize the actions of the Federal Reserve.

Bitcoin would be the people’s currency according to Cryptograffiti

Last month, the United States saw the blooming of rather peculiar billboards . Twelve cities were able to observe the works of the street artist, known as Cryptograffiti.

The artist staged Bitcoin Pro in the style of promotional posters accompanied by slogans aimed at raising public awareness of the queen of cryptocurrencies. Each billboard presents Bitcoin as an alternative providing some financial stability to its users.

Throughout history, art has often been used in different forms to express political claims. With its art, Cryptograffiti wishes to send a strong message. According to him, Bitcoin is the people’s currency and should be encouraged more, his personal goal being to separate money from the state.

Cryptograffiti targeted the cities where branches of the United States Federal Reserve (FED) are present to express its vision through its art

The artist’s claims are political . Indeed, this succession of works is a critique of the abolition of the gold standard in the 1970s in the United States.

The monetary system under this standard was based on the fixed amount of gold available in the country. As explained in the Cryptograffiti tweet , the dollar could be exchanged for gold. The government was required to have the precious metal in sufficient quantity to be able to print new banknotes.

“With no cap on the amount of money that can be printed, the Central Bank of the United States is now free to create unlimited amounts of dollars. When the Federal Reserve prints money, there is inflation and prices go up because all the dollars are worth less, ”added Cryptograffiti .

BTC-priset kan samlas ihop för massiv Uptick, indikatorprogram

BTC har underpresterat mot altcoins ända sedan den sjönk från över $ 42 000 för att slå ned under $ 30 000. Varje försök till en klar breakout över $ 35K har hittills misslyckats eftersom björnar arbetar hårt för att sakta upp kungsmyntets stigning.

Investerare som är uttråkade av den nuvarande svaga handeln på BTC-marknaden kanske inte har länge väntat på att BTCUSD ska återgå till uppåtsidan .

En marknadsindikator förutsäger en återgång till Bull Run, vilket ger investerare anledning till optimism

I enlighet med SOPR (Bitcoin spent output profit ratio) som delas av analysföretaget Glassnode, är den nuvarande intervallbundna handeln med bitcoin nästan klar.

SOPR spårar om hodlers säljer sina mynt med vinst eller förlust och kan vara ett kraftfullt verktyg för att förutsäga när BTC-priset håller på att återställas och gå högre. När svaga händer säljer allt de kan, stiger BTC-priset vanligtvis när prispressen minskar.

Under analysen av SOPR instämde den populära kryptoanalytikern CryptoHamster med Glassnode-data som visar att den nuvarande BTC-konsolideringen snart kommer att sluta.

„Så om vi befinner oss på en tjurmarknad nu, enligt SOPR, är korrigeringen inte över ännu, men den kommer snart att sluta“, twittrade analytikern medan han delade diagrammet nedan.

Investerare är försiktiga när BTC-handeln understiger $ 35K

Eftersom BTC tar fart för sin förestående breakout är många investerare försiktiga med ytterligare nackdelar på kort sikt så länge myntet handlas under en nyckelnivå.

Tjurarna har kämpat för att övervinna det kritiska motståndet på $ 35 000 under de senaste dagarna, med gårdagens uppgång till $ 34 880 som det senaste försöket att bryta över den nivån. Sedan dess har BTC-priset dragit tillbaka under $ 32K-nivån.

Bitcoin could be part of a reserve alternative to the US dollar, according to former Canadian Prime Minister

Bitcoin and gold: the two assets are compared over and over again. Gold is older, Bitcoin is better. In the picture there are gold bars and BTC coins.

Bitcoin could be part of a basket of reserve alternatives to the US dollar, according to former Canadian Prime Minister Stephen Harper.

Stephen Harper, who was nine years long Prime Minister of Canada, says that there is a place for Bitcoin could give and digital currencies by central banks as part of a basket of reserve currencies to replace the dollar.

Bitcoin, a possible alternative to the US dollar?

In an interview with Jay Martin of the Investment Service Cambridge House at the Vancouver Resource Investment Conference Harper said that the possibility that the US dollar will be replaced, could only come from a major currency like the euro or Chinese yuan. He expressed his doubts that a viable alternative, a currency by both would. On the one hand, given the long-term uncertainty about the value of the euro. Secondly, because of the „arbitrary measures“ that the Chinese government would take with regard to the value of the yuan:

It’s hard to see what is the alternative to the US dollar as the main reserve currency in the world. Other than gold, bitcoin, a whole basket of things […] I think you will see the number of things people use as reserves will increase, but the US dollar will still make up the majority of it,

Development of the central banks is upsetting

Former prime minister added that he thought that digital central bank currencies or CBDCs, to a certain degree were „inevitable.“ But they would likely be subject to monetary policy around the world. Harper said he was concerned that the central banks „a kind of general bankers“ could be, instead of being just a financial supervisor. Something that could affect the launch of any CBDC:

Ultimately, if you have a digital currency and the central bank’s purpose is to control inflation and create stable currency and price stability, then digital currency is just one kind of evolution of the market. But if it’s part of what I find to be a series of wild experiments into the role of the central bank, then I’m very concerned.

Harper served as Prime Minister of Canada from 2006 to 2015. Crypto and blockchain adoption in the country has expanded significantly since his departure. Canada even got its first regulated crypto exchange in September. The bank is also making progress in developing a CBDC, according to Timothy Lane, the Bank of Canada’s deputy governor.

All the Wall Street giants are doing it – Investing $ 100 million in Bitcoin is their project

Bitcoin, they will never get tired of it – At the end of 2020, the days go by and look the same. Bitcoin’s new ATH comes with a sign of interest from renowned financial players. Greenpro Capital announced this week its intention to invest in Bitcoin after praising its and Ethereum’s praise.

Wall Street goes into debt to buy Bitcoin

Greenpro Capital is a multi-faceted company. Created in Nevada and listed on Wall Street, it manages its operations from Singapore . Greenpro defines itself as a business incubator , which operates in a wide variety of segments, including finance, tech, health and the fine arts. But, what interests us is the crypto branch of the CryptoSX group . Through this company, Greenpro is building a platform to carry out Security Token Offerings and find a place in the DeFi ecosystem.

“We are fully convinced that Bitcoin is a store of value. I have asked our investment bankers to raise funds in the first quarter of 2021 to the tune of $ 100 million to invest in Bitcoin. The company will also invest its own cash in Bitcoin. “

CK Lee, CEO de Greenpro Capital

After MicroStrategy , it is therefore Greenpro Capital which takes advantage of ridiculously low interest rates to get into debt and invest in Bitcoin.

This announcement was particularly well received by the market. Will we see more and more large groups betting on Bitcoin in the coming months?

Grayscale COO spricht über die Masseneinführung von Bitcoin

Der Chief Operating Officer Michael Sonnenshein von Grayscale Investments hat seine Meinung zur verstärkten Einführung von Bitcoin und anderen Kryptowährungen geäußert.
In den letzten Wochen hat die Zahl der Kryptowährungen zugenommen, ganz zu schweigen von einem Anstieg des Wertes von BTC. Dies hat viele Gespräche und Diskussionen von Branchenexperten wie Michael Sonnenshein, COO von Grayscale Investments, ausgelöst.

Als ein weltweit renommierter Investmentfonds für digitale Vermögenswerte verfügt Grayscale Investments über ein Vermögen von etwa 11 Milliarden Dollar. In einem Interview sprach Michael Sonnenshein darüber, wie Bitcoin in den letzten Jahren Erfolge erzielt hat. In seiner Diskussion über Bitcoin verglich er das Vermögen mit einer Form von digitalem Gold, das nicht von der Inflation betroffen ist.

Der Erfolg und die Masseneinführung von Bitcoin

In seiner Diskussion vertrat Michael Sonnenshein einige der Argumente, die Bitcoin-Gegner vorgebracht haben. Er wies darauf hin, dass der Aufstieg von Bitcoin nicht nur eine Verrücktheit sei, sondern dass die Hauptakteure der Branche jetzt an einer Kryptoadoption interessiert seien. Ein solcher Akteur in der Finanzindustrie ist PayPal. Im Oktober kündigte PayPal die Einführung seiner Kryptodienste an. Die Ankündigung kam für die meisten Menschen überraschend, und innerhalb kurzer Zeit haben sich andere wichtige Branchenakteure in die gleiche Richtung bewegt.

„Ich denke, sie verstehen jetzt, dass der Kauf von Bitcoin und die Speicherung in ihrem Portfolio eine Möglichkeit ist, den Wert inflationsgeschützt zu speichern, ein bisschen wie digitales Gold (…) viel besser geeignet für die digitale Welt, in der wir leben“, sagte Michael Sonnenshien.

Mehr von Michael Sonnenshien

Michael Sonnenshien merkte auch an, dass, da diese Schlüsselakteure die Kryptotechnologie eingeführt haben, jeder davon überzeugt sein sollte, dass die Kryptowährung eine Lösung für die Zukunft ist. Er wies jedoch auch darauf hin, dass die Auswirkungen der COVID-19-Pandemie Investoren und Bankinstitute stark beeinträchtigt haben. Während sich Wirtschaftskrisen zusammenbrauen, sind Bitcoin-Lösungen von immer mehr Investoren überdacht worden.

Das beliebte Argument „Bitcoin ist keine Währung, weil man damit keinen Kaffee bezahlen kann“ ist nicht mehr stichhaltig, da Bitcoin nun als wichtiger Schritt zur Geldentwicklung anerkannt wird. Es ist auch ein glaubwürdiger Weg, um Kapital zu sparen. Während der COVID-19-Ära reagierten Bitcoin und andere Kryptowährungen nach dem pandemiebedingten Marktschock überraschend positiv. Dies verstärkte auch die Überzeugung vieler Menschen, dass Bitcoin als robustes Anlagegut eine gute Kapitalrendite bieten kann.

Ein weiteres Anti-Bitcoin-Argument, das dem COO von Grayscale missfiel, ist das, das besagt, dass die endliche Anzahl von Bitcoins die Gesamtzahl der Menschen begrenzt, die Teil des BTC-Ökosystems sein können. Er weist darauf hin, dass jede einzelne BTC durch 100 Millionen geteilt werden kann. Weiter argumentiert er, dass „unter Berücksichtigung der Grösse der Weltbevölkerung allen, die in Bitcoin investieren wollen, die Möglichkeit gegeben wird“. Mit diesen Worten glaubt er, dass Bitcoin eine Möglichkeit für alle ist, die in Bitcoin investieren möchten. Insgesamt beläuft sich die maximale Anzahl von Satoshis auf 21 Millionen (der Gesamtbetrag der zu produzierenden Bitcoins) mal 100 Millionen.


Zum Zeitpunkt des Verfassens dieses Artikels wird Bitcoin derzeit bei 19.335,50 $ gehandelt, mit einem 24-Stunden-Handelsvolumen von 21.832.192.779 $ und einer Marktkapitalisierung von 358.946.717.822 $.

Bitcoin continúa su ascenso después de superar los 23.000 dólares

Bitcoin está siguiendo una línea de apoyo ascendente a corto plazo.

Los indicadores técnicos diarios están al alza, pero el gráfico de dos horas muestra cierta debilidad.

Es probable que BTC esté en la onda 3 de un impulso alcista de cinco ondas.

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Bitcoin (BTC) ha continuado su ascenso después de haber conseguido finalmente 20.000 dólares, alcanzando un máximo de 23.800 dólares el 17 de diciembre.

Se espera que Bitcoin continúe aumentando hacia objetivos más altos antes de una eventual corrección.

Bitcoin sigue avanzando

El precio de la BTC ha continuado su movimiento alcista después de superar los 19.500 dólares. Alcanzó un máximo de 23.800 dólares ayer antes de crear una pequeña mecha superior y disminuir ligeramente hasta 23.000 dólares.

Los indicadores técnicos en el marco de tiempo diario son alcistas. Además del hecho de que el movimiento de ayer transpiró con un volumen significativo, el RSI acaba de cruzar de nuevo por encima de 70 y el histograma MACD es ahora positivo. La continuación de la tendencia alcista sería confirmada por un cruce alcista en el oscilador estocástico.

El marco temporal de dos horas muestra que el BTC está posiblemente siguiendo una línea de apoyo ascendente, y está considerablemente por encima de ella.

Sin embargo, los marcos temporales inferiores muestran cierta debilidad, ya que tanto el RSI como el MACD se están moviendo hacia abajo. Este último ya está dando una señal de reversión.

Si el BTC comienza a disminuir, el área de apoyo más cercana se encontraría en 21.000 dólares, el nivel de retroceso de 0,618 Fib que también coincide con la línea de apoyo ascendente.

Soporte ascendente del BTC

El artículo del martes sobre el recuento de ondas de BeInCrypto decía que el BTC está en una onda de ciclo largo 5 que se espera que le lleve cerca de 26.000 dólares.

El recuento de ondas para este ciclo se da en naranja en el gráfico de abajo. Si es correcto, el BTC está en la onda 3, lo que fue confirmado por una ruptura del canal paralelo que conecta las ondas 1 y 2.

Hay dos objetivos probables para la parte superior de la subonda 3:

25.871 dólares; que se encuentra por la extensión de 2,61 Fibras de la onda 1 (naranja).
23.654 dólares; lo que daría a las ondas 1:3 una proporción de 1:1,61, la proporción más común entre las dos ondas (negro).

Si esto último es correcto, entonces el BTC ya ha completado la onda 3 y ahora ha comenzado la onda 4.

El recuento de subondas de la onda 3 (negra) sugiere que la onda 3 no está terminada, ya que sólo podemos contar dos movimientos ascendentes dentro de ella en lugar de tres. Por lo tanto, se espera que el BTC experimente otro aumento antes de una posible corrección.

El BTC podría disminuir todo el camino hasta los 21.000 a 21.500 dólares (círculo verde) para completar la subonda 4 antes de moverse más arriba.

Además, el uso de la extensión de la Fibras 4.61 de la subonda 1 nos da un objetivo de 26.000 dólares para la parte superior de la onda 3, coincidiendo con el objetivo de la sección anterior.


Se espera que el precio de Bitcoin aumente hasta los 26.000 dólares. Es posible que se produzca una corrección a corto plazo de 21.500 dólares antes de otro movimiento alcista.

Para ver el análisis previo de Bitcoin (BTC) de BeInCrypto, ¡haga clic aquí!

Descargo de responsabilidad: El comercio de criptodivisas conlleva un alto nivel de riesgo y puede no ser adecuado para todos los inversores. Los puntos de vista expresados en este artículo no reflejan los de BeInCrypto.

Binance announces its strategic partnership with Chiliz

One of the largest crypto exchanges in the market, Binance, has announced its latest partnership with Chiliz. What’s it all about? We’re telling you!

On December 13, Binance announced through a blog post its latest partnership with a FinTech blockchain company called Chiliz.

New features within Binance’s futures
Chiliz gets one of its first investors
For those who don’t know, Chiliz ($CHZ) is a digital currency for sports tokenization and offers a Blockchain where fans can buy and exchange Fan Tokens.

In this way, Chiliz operates with, a fan reward and influence platform, which, in fact, has partnerships with some of the most relevant sports properties in the world: FC Barcelona, Juventus, Paris Saint-Germain, among others.

This is how has become one of the largest non-financial Blockchain products with downloads by more than 370,000 people, sales of 14 million Fan Tokens and 700,000 votes registered in the Blockchain.

Binance: A success story of crypto coins in 180 days
Binance Launchpool
Therefore, the first milestone of the partnership between Binance and Chiliz will be the allocation of Fan Tokens through Binance Launchpool.

To be more specific, the first Fan Tokens to benefit from Binance Launchpool will be the Fan Tokens of Paris Saint-Germain (PSG) and Italian champions Juventus (JUV).

So Binance users will be able to bet BNB, BUSD, or CHZ tokens in separate groups from 15/12/2020 at 0:00 AM (UTC) until 14/1/2021 at 0:00 AM (UTC).

Later, on 2020/12/21 at 6:00 AM (UTC), Binance will include these Fan Tokens in the innovation zone and will open the following commercial pairs: PSG / BTC, PSG / USDT, PSG / BUSD, JUV / BTC, JUV / USDT and JUV / BUSD.

„We are delighted to welcome Chiliz to the Binance ecosystem and look forward to enhancing both fan participation and crypto adoption among a captive audience of billions,“ said Changpeng Zhao, Binance’s CEO.

In addition, Alexandre Dreyfus, CEO and founder of Chiliz, explained that „Chiliz aims to incorporate many more partners from the world of sport and entertainment in the coming years

„In just under 3 years, we have already established ourselves as the leading force in this space, but this partnership gives us renewed strength and credibility to create the world’s leading ecosystem of fan participation and monetization,“ explained Dreyfus.

However, always remember to seek out more information before investing. In this case, Binance Research offers detailed reports on GRB and YWB.

165 million in Bitcoin was transferred for only $1.20 in fees

Bitcoin is known for its large transactions at reduced fees.

One user just sent $165 million worth of Bitcoin with fees totaling approximately $1.20.

Bitcoin may be the simplest and most efficient way to send large sums of money.

The Trust Project is an international consortium of news organizations based on transparency standards.

Most Bitcoin evangelists know that two of the main advantages of crypto-money are its ease of use and the fact that there are no restrictions on transfers.

On December 8, a user made a gigantic $165 million Bitcoin Aussie System transfer in a single transaction. The transaction fee was 0.00006520 BTC, or approximately $1.20.

Someone just transferred $165,000,000 in #bitcoin and paid a fee of 0.00006520BTC or about $1.20.
One dollar and twenty cents.

This is a transaction fee of 0.00000072%.

No third party is required to achieve this.
No one could stop it.
No one could relive it.

Most Bitcoin evangelists know that one of the main advantages of encryption is that it is easy to use and has no restrictions on transfer.

Earlier in the day, a user sent a gigantic $165 million Bitcoin transfer in a single transaction. The transaction fee was 0.00006520 BTC, or approximately $1.20.

Decentralization prevents the network from being directed and abused by a single party, but the ability to transfer large amounts of money quickly and cheaply is perhaps one of its most important use cases.

Bitcoin versus other value transfer platforms

Although Bitcoin is rapidly becoming a dominant global asset, there are other platforms that offer much more value. How do the pricing structures compare then?

At the retail level, if you want to send money to someone, you may be charged a flat fee or a proportional fee (or both) for sending money to another user.

For example, if you want to send money via PayPal, they will typically charge specified users a fee of 3.5% on the value transferred. If this rule had been applied to the Bitcoin transfer above, that user would have spent $5.7 million in fees.

On another platform, such as MoneyGram, a popular international retail money transfer platform, users are charged fees ranging from US$5 to US$20 depending on how quickly they wish to receive their money. If you choose the $5 fee, the transfer of your money can take 3-5 business days.

Although some people complain that Bitcoin transactions are not instantaneous like cash or credit cards, they can still be completed in minutes if the network is not busy.

No one knows who this mystery user is or to whom he is sending the money, but it is easy to move value across borders with Bitcoin.

One of the biggest drawbacks of physical assets is the lack of portability. If someone has $165 million and needs to move it to another country, doing so physically would probably be a considerable burden.

Going through border controls with $165 million in cash, precious metals or other durable assets would most likely result in you being reported and possibly confiscated.

Other assets, such as real estate, are obviously not transferable at all. If an emergency occurs and real estate must be liquidated, this cannot usually be done so quickly. If this were the case, then a substantial amount would likely be lost in the transaction.

Bitcoin is the antithesis of these assets, with the ability to carry billions of dollars of value in portfolios the size of a flash drive.

Ledger’s customers on their guard with a new wave of phishing


  • Ledger’s customers have received phishing attempts by e-mail and SMS.
  • The latest phishing attempt simulates sending a fake Bitcoin transaction (BTC).

Phishing attempts against Ledger’s owners have increased in recent weeks.

A new attack

The latest phishing attempt is particularly elaborate since the SMS appears as a confirmation of a transaction and offers the user a false cancellation link. The message starts with the first and exact name of the customer.

As a reminder, never give your private keys or the 24 recovery words to anyone, even if the request seems to come from Ledger. Indeed, Ledger will never ask you for this information.

More than ever, Ledger’s owners must be more vigilant following the theft in July of a file containing the e-mails, addresses and telephone numbers of the company’s customers.

1.1 million stolen XRPs

Recently, a phishing attack notably enabled 1.1 million XRP to be stolen from Ledger holders, i.e. approximately 240,000 euros.

The collected XRPs were sent by the hackers to the Bitcoin Blueprint exchange in five transactions, however the platform was unable to block the funds in time.