Grayscale says interest in Bitcoin among investors is increasing. And he says the coronavirus pandemic has played a key role

Grayscale, the world’s largest cryptoactive manager, published this Tuesday (27) a survey showing that US investors are more interested in bitcoin than last year, partly stimulated by the coronavirus pandemic.

The research, which summarizes the opinions of 1,000 American investors aged between 25 and 65 years, showed that the average investor in bitcoin has higher education, is male and is employed, in other words, younger. No surprise there (said that, the research counted only those with family income above US$ 50,000 per year).

In addition, “investors interested in bitcoin are also more likely to actively seek new investment opportunities, describe their risk tolerance as “aggressive,” maintain investment accounts in various companies and eagerly consume financial news,” concluded Grayscale.

Grayscale conducted a similar survey last year. This year, 9% more respondents say they are “familiar” with Bitcoin (62% compared to 53%) and interest is increasing; in 2020, 55% of respondents showed interest in Bitcoin, compared to 36% last year.
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Of the respondents who invested in Bitcoin, Grayscale found that 63% of investors in Bitcoin said the coronavirus pandemic impacted their decision to invest. 39% said that the pandemic made bitcoin more attractive.

“Bitcoin seems to be gaining strength as market participants seek investments that can act as safe havens in a portfolio,” Grayscale said.

The research showed that investors aged 35-44 who “have already gone through three recessions and have seen traditional defensive instruments, such as real estate, some stocks and bonds, have lost their appeal as a hedge against market downturns,” saw bitcoin as a protection against the crisis.

But it is the younger generations that can provide the greatest value to the cryptoeconomy, concluded the report. “The fact that most current and potential investors in Bitcoin have not yet reached their first years of gains, along with the $68 trillion wealth transfer scheduled to occur over the next 25 years, reveals a potentially huge opportunity for those who see the possibility of long-term growth in Bitcoin. ”

Il fondatore di DataDash e analista crittografico Nicholas Merten afferma che Bitcoin ha appena mostrato il suo più grande segnale di acquisto in oltre 24 mesi.

In un nuovo video di DataDash, Merten spiega perché la chiusura settimanale di Bitcoin superiore a $ 13.000 è una pietra miliare storica per la più grande criptovaluta

“Ieri, abbiamo fissato la chiusura settimanale più alta, che è di nuovo il prezzo significativo su cui le persone si stanno concentrando, la chiusura settimanale più alta da quando siamo tornati qui a metà gennaio 2018. [Sono stati] più di due e un mezzo anno da quando siamo arrivati ​​a questo punto … Quindi questa è davvero, davvero eccitante.

Con il contesto in termini di prezzo fissato, lo stratega crittografico evidenzia perché la recente chiusura settimanale è un forte segnale rialzista

“Il motivo per cui da un punto di vista tecnico questo è estremamente prezioso ben oltre il valore di qualsiasi indicatore che potresti utilizzare nei tuoi grafici è perché questo è stato un punto di resistenza significativo per Bitcoin per un lungo periodo di tempo, ovunque tra la gamma superiore di $ 11.000 Di nuovo qui nel febbraio del 2018, qui a luglio e giugno del 2019 e anche qui nell’agosto del 2020. È probabile che questo intervallo tra il range superiore da $ 11.000 a $ 13.000 sia stato un intervallo di resistenza contestato per Bitcoin più volte.

Mentre i prezzi hanno cercato di riguadagnare a quei massimi di $ 20.000 che abbiamo visto nel dicembre 2017, il prezzo ha lottato per rimanere in quella fascia e infatti, ogni volta che è arrivato in questo intervallo, è stato rapidamente venduto da persone che avevano acquistato Bitcoin e alla fine ha preso profitti sulle loro posizioni, dove la pressione sul lato vendita ha cominciato a prevalere sugli acquirenti. Questa volta, non c’è davvero molta pressione da parte dei venditori. Questo è il fattore importante qui: come [il] prezzo sta tenendo “.

Startup behind CryptoKitties and NBA Top Shot, Dapper Labs has just raised $ 18 million for the development of Flow, its blockchain focused on non-fungible tokens (NFTs).

Dapper Labs , creator of CryptoKitties and a startup known for creating blockchain- based entertainment experiences , has just completed its public fundraiser

In order to support the development of its own blockchain, Flow , Dapper Labs just collected $ 18 million from 13,200 participants . This fundraising took place on CoinList , a platform for investing in Bitcoin Circuit projects.

This sale gave investors the opportunity to purchase FLOW tokens, the native blockchain asset that is used by validators, developers and network users.

The sale took place in two phases: a community sale and an auction. The community sale ran from September 21 to October 2, and each investment was capped at $ 1,000 , or 10,000 FLOW .

The tokens obtained through this sale are subject to a blocking period of 2 years, during which half will be released at the end of the 1st year and the rest during the 2nd year in a linear fashion.

In the second sale, investors submitted bids over a 12-day period to share 2% of the Genesis block, or 25 million FLOW . During this uncapped sale, the price of the FLOW token closed at $ 0.38 .

An already resounding success

Dapper Labs’ new flagship game, NBA Top Shot , is already enjoying great success. During its private beta, the blockchain game notably generated more than $ 2 million in revenue for Dapper Labs.

Open to the public since October 1, NBA Top Shot already attracts a large number of basketball fans and offers significant visibility to the world of NFTs .

After the explosion of decentralized finance (DeFi), the crypto-sphere seems to be turning to the world of NFTs, true digital collectibles in blockchain sauce.

At the heart of NFTs since the creation of CryptoKitties in 2017, Dapper Labs is one of the players most inclined to benefit from a potential increase in visibility in this sector.

This significant fundraising for its Flow blockchain is therefore not so surprising, as it focuses on the creation of solutions adapted to NFTs.

Last August, Dapper Labs had already raised $ 12 million for NBA Top Shot from the investment arm of Coinbase , Andreessen Horowitz , and several NBA stars.

Dapper Labs is now a long way from its flagship creation, CryptoKitties. The startup is now tackling a whole section of the blockchain, namely NFTs. With Flow, creating and implementing NFTs in applications is made much easier, which encourages developers to implement them in their games .

Mostly created on Ethereum , NFTs are enjoying a breath of fresh air with the deployment of Flow, this blockchain providing a cheaper and more scalable alternative for these digital objects.

Network data shows an increase in HODLing among Bitcoin retail investors who expect BTC to recover in the first quarter of 2021

More investors do HODL in Bitcoin in anticipation of a 2021 high MARKET NEWS

New data shows that current Bitcoin ( BTC ) price action is showing higher levels of ‘HODLing’ activity than previous bullish cycles.

According to the Willy Woo network analyst, an indicator called ‘reflectivity’ has been increasing in recent months. Woo explained that the indicator measures the tendency of Bitcoin investors to keep their BTC as its price rises. It is essentially an alternative way to assess the HODLing activity of retail investors.

Bitcoin market capitalization gain per dollar invested or reflectivity. Source: Willy Woo
This next race may eclipse the previous cycle
There are several reasons why retail investors may be holding onto their BTC even more than in previous bullish cycles.

Bitcoin price in flux: bulls target $11,500, bears want drop to $9,800
If Bitcoin goes up in 2021, most investors will see this as a high post reduction by half. Historically, BTC has recovered 12 to 15 months after each reduction by half, registering a new historic high each time.

Based on BTC’s tendency to rebound after halving, retail investors may be maintaining it as a strategy to prevent prices from being eliminated if a strong sustained rise begins.

Bitcoin has also shown a surprising level of resilience in several potential black swan events. After its initial recovery from the pandemic-induced crash in March, it remained above $10,000 despite several negative events.

More recently, the price of Bitcoin plummeted after the US Commodity and Futures Trading Commission (CFTC) accused BitMEX of violating the Banking Secrecy Act.

Visa, Goldman Sachs and Mick Mulvaney join leading blockchain trade association
After the CFTC announcement, the price of BTC fell below $10,500 but quickly recovered to the $10,700 support level. According to Woo, this is possibly due to the confluence of the two key factors. Woo explained :

“This [reflexivity] is the tendency for HODLers to hold their currencies harder as the price increases. I had expected reflectivity to increase during the mania phase of BULL markets, but it seems quite constant in the last two cycles … This cycle is interesting; reflectivity is increasing rather than static compared to the last cycles. Although we now need more invested capital to obtain similar% gains in price, the effect of HODLers holding currencies harder is amplifying the ‘number goes up’ per dollar invested. ”
On the way to the fourth quarter, industry executives believe that the US presidential election could benefit Bitcoin and positive HODLing data could further boost the price of BTC.

The US presidential election and the fourth quarter could push up the price of BTC
Industry executives and prominent investors in the cryptomaniac industry are predicting the next presidential election in November to benefit Bitcoin.

Unprecedented balance sheet shows Bitcoin’s appreciation above 180% in the first half of 2020 only
Su Zhu, the CEO of Three Arrows Capital, said a Democratic sweep would catalyse Bitcoin due to several macro factors. He also suggested that a second term for Trump could also benefit Bitcoin. He wrote :

“Biden is extremely optimistic for the BTC because the Democratic blue wave could inaugurate the unprecedented installation of the MMT agenda with weakness and corresponding dollar deficits. With this, Trump is also optimistic. ”
As the Cointelegraph reported earlier this week, traders, including Peter Brandt, believe that the longer-term charts point to a strong uptrend for Bitcoin. The combination of favourable techniques, strengthening fundamentals and increased HODLing activity could drive a BTC bullish run in 2021.

CFTC jatkaa salausta koskevaa ilmoitusta tällä viikolla äskettäisessä petostentorjunnassa.

Perjantaina Commodity Futures Trading Commission sai petoksen maksamaan takaisin sijoittajille 7,4 miljoonaa dollaria ja vannoi samalla suojaavansa Bitcoin-markkinoita.

CFTC: n ilmoituksen mukaan komission lainvalvontaviraston johtaja James McDonald sanoi

CFTC jatkaa työtä markkinoidemme, mukaan lukien Bitcoinin kaltaisten digitaalisten omaisuuserien, kasvavien markkinoiden, suojaamiseksi petollisilta järjestelmiltä ja toimii tarvittaessa rinnakkain rikoslainsäädännön valvontakollegojemme kanssa.

Tämän päivän ilmoitus koskee Jon Barry Thomsonia, joka tunnusti syyllisyytensä hyödykepetoksissa saadakseen kaksi sijoittajaa vakuuttamaan lähettämään hänelle yli 7 miljoonaa dollaria Bitcoin Bank-sijoitusjärjestelmälle, joka ei koskaan toteutunut. Se seuraa laajempaa suuntausta tällä viikolla, jonka uskomattoman aktiivinen CFTC on nähnyt joukon valvontatoimia ruoppausmarkkinoilla.

Juuri eilen CFTC nosti syytöksiä Seychellien kotipaikan salakirjoituksesta Bitmexille rekisteröinnin epäonnistumisesta johdannaispörssinä Yhdysvalloissa