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News: Welcome to eMoneySpace! May 22, 2022 02:45 PM




BestChange.com - best way to buy or sell crypto!
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Reply #120: Nov 16, 2021 12:29 AM

Litecoin fights “double top” risks after LTC price rallies 37% in November

A 37% November Litecoin price rally risks exhaustion as the “silver cryptocurrency” hints at forming a double top chart pattern. The classic bearish reversal setup happens when the price forms two consecutive peaks of almost the same height, with each upside move meeting with a strong correction toward a common support level, called the “neckline.” Typically, the price breaks below the support and falls by as much as the maximum height between the double top’s peak and neckline. So it appears, LTC is halfway through forming a double top pattern. Litecoin will need to extend its selloff to retest the neckline. Meanwhile, breaking below the support level would activate the double top breakout setup, with the profit target sitting near $200. Litecoin’s bearish reversal pattern is happening when inflation in the USA has peaked to a three-decade high, prompting investors to seek a hedge across various financial instruments. Litecoin “bull pennant” puts LTC target at $350 Dubbed a bull pennant, the bullish continuation pattern appears when the price consolidates sideways inside a triangular structure after a strong rally upward. Traders confirm a bullish breakout when the price breaks above the triangle’s upper trendline with strong volumes. In doing so, they watch the level at length equal to the height of the previous uptrend (flagpole) as their profit target. As a result, Litecoin’s price eyes an extended upside move toward $350. Meanwhile, failing to have a decisively bullish follow-through risks activating the double top setup. That brings the “multi-month ascending trendline support” in the picture as the next downside target should there be a bearish breakdown move; coincidentally, the target is also near $200.

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Reply #121: Nov 18, 2021 04:53 AM

 Cryptocurrency funds remain attractive to investors

Cryptocurrency funds continue to attract investors amid the fall in the digital asset market. CoinShares analysts have been recording new capital inflows into funds for 13 consecutive weeks. During the reporting week, this figure reached almost $151 million. A significant part of this amount came from institutional investors in BTC ($97.5 million). Since the beginning of the year, investors have invested about $6.5 billion in bitcoin. Cryptocurrency funds now manage assets in the form of the first cryptocurrency for a record $56 billion.

However, analysts noted a decline in volumes in the second half of the year. Currently, this average figure is $750 million per day. In the first six months of 2021, it was $960 million. The total inflow of funds to crypto funds since the beginning of this year is $9 billion. In total, the funds manage approximately $87 billion. One of the latest news was the launch of BTC-ETF futures trading by VanEck investment company on the Chicago Stock Exchange. This is the third such product presented on the American stock exchanges, in which large investors are interested.

Institutional investors, including banks, investment funds, insurance companies, are already actively integrating into the cryptocurrency market. Back in 2018, the head of Crypto Technology, Anton Sobin, confidently stated that the digital asset industry "over time, it will cease to be perceived as a fraud." “Any area of business or technological innovation goes through the stage of formation, after the initial analysis, an understanding of the relevance and profitability appears. It is at this moment that the sphere begins to be filled with money from the side of large investors. A race and struggle for a new market begin,” Sobin said. Today, the gradual adequate regulation of the digital currency industry and the positive reaction to this by market participants testify to the maturity of this direction. Reduced risk and excellent profitability make crypto coins attractive to large investors, so today the crypto sphere is actively attracting new fans.

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Reply #122: Nov 23, 2021 12:12 AM

Large investors are expected to enter the decentralized finance market in 2022

An influx of institutions into the DeFi sphere is expected next year. As one of the founders of Chainlink Sergey Nazarov noted, this industry will continue to grow due to the interest of traditional banks in it. In his opinion, by expanding the types of on-chain collateral, there will be a basis for the emergence of new decentralized insurance solutions. “In 2022, the world will realize that there is a big market called DeFi. If PayPal has started working with cryptocurrencies, then think about why your users will not want to interact with storage, DeFi and so on tomorrow?” he said. Another of the founders of the 1inch Network DeFi project, Anton Bukov, believes that this area will increase its growth rates in the next 3-5 years. The expert stressed that decentralized exchanges should work 100 times faster than at present. This will make it easier for users to understand how DeFi works.

Senator from Australia Jane Hume recently spoke about the concept of decentralized finance. She believes DeFi will help Australia become a leader in innovation and economic progress. “Decentralized finance underpinned by blockchain technology will present incredible opportunities ‑ Australia mustn‘t be left behind by fear of the unknown,” said Hume, stressing that progress and innovation determine the country's economic future. The decentralized finance market is constantly evolving. Having started in 2021 at the level of $21.5 billion, the total TVL (the value of funds blocked in smart contracts of DeFi applications) has increased more than tenfold. By mid-November, the market volume reached $270 billion. This indicates that the DeFi industry is actively developing and will attract more and more players.


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Reply #123: Nov 25, 2021 05:39 AM

Bitcoin mining power demands in Texas could jump 5 times by 2023

As the state of Texas faces a rapid inflow of Bitcoin mining operations, its electrical infrastructure will have to support the industry’s expected 5,000 megawatts of additional power demands by 2023. The Bitcoin mining industry in Texas currently consumes around 500 to 1,000 MW of power. The Electric Reliability Council of Texas (ERCOT) anticipates that demand could increase as much as fivefold by 2023 and has planned an additional 3,000 to 5,000 MW according to reports.  This expansion comes amid Texas planning to become the home to 20% of the world’s Bitcoin mining operations. Texas emerged as the go-to destination for Bitcoin miners ever since the Chinese government officially banned Bitcoin mining earlier this year.

The state government has capitalized on China’s clampdown by making Texas a haven for crypto miners who can now enjoy a 10-year tax abatement, sales tax credits, and state-sponsored workforce training. Some Texas residents, however, are concerned that the existing power grid cannot be improved. ERCOT’s management of the state’s electrical grid came under heavy scrutiny in February 2021 when blackouts plagued the region during an extreme cold snap which left about 5 million residents without power for days. There are currently no proposals from the Texas state government to deal with potential issues that may arise from the increase in electrical demand from crypto miners. As suggested by the Texas Standard, miners could be flexible in shutting off their hardware during periods of peak demand or be charged a premium per kilowatt-hour if they want to stay on during peak demand periods.

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Reply #124: Nov 30, 2021 01:04 AM

 How the hamster and chimpanzee got luckier than professional traders

The investment world is full of legends and unusual stories. Some of the most interesting cases are the precedents associated with investments in cryptocurrencies and securities by ... animals. For example, the hamster Mr Goxx (the real name of the hamster is Max) was able to make money on digital assets. Its owner designed a special cage with tunnels and a wheel that was connected to special sensors. Firstly, the animal spun the wheel, using a random selection, the system stopped at one of 30 crypto coins. When Mr Goxx found himself in the right tunnel, the currency was sold, but if he ran to the left, the tokens were bought in the amount of 20 euros. Since June 12, the hamster has increased its portfolio by 98.2 euros, which is 25% of the starting investment of 390 euros. However, yesterday the owner of the hamster posted on Reddit that Mr Goxx died last Monday. “Mr. Goxx has brought joy to people all across the globe and reminded us not to take life too seriously. He shed light into dark moments of pandemic, inflation and many kinds of trouble. Thank you and rest in peace, Max. You will be missed, and your memory will live forever on the blockchain,” wrote the owner of the animal.

Another unusual case was the appearance on the stock market of a six-year chimpanzee named Raven. Almost 20 years ago, he managed to collect a portfolio of stocks, just throwing a ball at the target. Despite the seeming absurdity of this approach, the profitability of the shares of the IT companies selected by the monkey amounted to 365.4%. Raven has overtaken 10 thousand American funds and became the most successful chimpanzee on Wall Street according to the Guinness Book of Records. “As Raven did not have prior knowledge of how any particular Internet related companies have been performing, we took his ten picks and dated the prices back to the beginning of the year to provide easier year-to-date comparisons with the more traditional market indexes such as Standard & Poor's 500," stated Roland Perry, editor of Internet Stock Review. In the long run, however, the chimpanzee went bankrupt. Today, securities chosen by the animal are worth nothing. Do you think this is an accident, artificial hype or a pattern?
Why do animals manage to outplay professional traders?

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Reply #125: Dec 02, 2021 06:39 AM

 Glassnode does not believe in the correction continuation of bitcoin

Experts at Glassnode consider it unlikely that the November correction of the first cryptocurrency will continue, given the significant share of "profitable" coins and the balanced market position of crypto derivatives. The most serious pullback in 2021 was recorded in May-July, when the price of BTC fell by 54% from the maximum. In September, the decline was 37%. The amount of open positions on BTC options during the last two months of autumn varied in the $12 billion - $14 billion fork before falling to $10 billion after expiration at the end of November. The experts pointed out that the funding rates for perpetual contracts indicate a certain superiority of long positions. This level declined along with the fall in value, which indicates more cautious traders' sentiments.

Along with the correction, the number of open shorts could have increased, which, against the background of high leverage, does not cancel the cancellation of positions in both directions. In addition, experts pointed to the dominance of CME in the BTC futures market. With reference to open interest, the exchange's market share increased from 10% in September to the current 19.3%. Glassnode analysts recently concluded that long-term investors have adjusted the outflow of funds from their wallets and are accumulating BTC. Experts argued that the stocks of bitcoins with such investors have reached a multi-year high. Earlier, the CEO of SkyBridge Capital Anthony Scaramucci considered the latest correction of the main cryptocurrency "an opportunity to buy." He expressed the view that digital currencies have significant potential for further growth. Do you think now is a good time to buy bitcoin?

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Reply #126: Dec 07, 2021 01:46 AM

 Cryptocurrency market is in the red after a major investor's reduction of positions in bitcoins by $500 million

Last weekend, an unnamed trading company liquidated its positions in BTC worth $0.5 billion. The media note that this was a prerequisite for "aggressive" liquidations in the crypto derivatives market for $1.3 billion in a fork from $42,000 to $51,000. “Everyone has had a good year, and with this player coming from traditional finance, they have their eye on the macro environment which currently looks shaky,” explained Aya Kantorovich, CEO of bitcoin exchange FalconX. At the same time, the expert believes that the interest of investors in the market with a focus on the long term remains.

Another piece of news that turned out to be negative for all players in the digital asset market was the attack on BitMart. Representatives of the company announced the hacking of Ethereum and Binance Smart Chain hot crypto wallets. “We have identified a massive security breach involving one of the hot ETH wallets and one of the hot BSC wallets. We are currently trying to identify possible hacking methods. Hackers managed to withdraw assets worth about $150 million "- wrote the CEO of the exchange Sheldon Xia. According to him, the attack became possible due to the theft of the private key, as a result of which both wallets were compromised. The rest of the assets on the exchange are safe.

Xia announced the company's readiness to compensate for the losses suffered by the clients of the platform. BitMart also promised that users will gradually be able to deposit and withdraw their crypto assets from December 7. As of December 6, according to Coinmarketcap, the price of bitcoin is around $47,000. However, the market decline does not prevent some analysts from voicing positive forecasts for the market movement. Trader Michael van de Poppe expects bitcoin to hit $69,000 by the end of this year. The analyst is confident that BTC continues to move in a bullish trend, despite the recent decline. Do you think the trader's forecast will come true? And when can we expect a recovery in the cryptocurrency market?

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Reply #127: Dec 14, 2021 02:16 AM

Will metaverse altcoins go mega popular in 2022?

Analyst Nicholas Merten believes that the most attractive tokens in 2022 will be altcoins from the realm of the metaverse. The expert pointed to the Metaverse Index, which has shown higher returns in recent months than ETH. According to the analyst, investing in the Metaverse Index is a great way to reach the entire metaverse realm. “We’ve seen here that overall, the metaverse is one of the few key sectors that’s actually continuously, over the past couple months or really the last second half of the year, outpacing Ethereum. That’s the kind of stuff that I want to look for as an investor. That’s the kind of stuff I want to buy into on a discount, and we can see that every time we get nice pullbacks here, we build the base, we start moving higher,” said the trader. As of December 13, the MVI token is at $234. In addition, its market capitalization reached $47 million, according to CoinGecko. For 3 months the price of MVI has grown by almost 170%.

Merten is also confident that high profits next year can be guaranteed by DeFi and NFT. Earlier, another analyst Austin Arnold voiced his opinion on the most promising tokens from the metaverse sphere. He believes that GAIA, THETA and ATLAS will be able to demonstrate significant growth in the near future. The popularity of the fantasy game Gaia Everworld is increasing, the trader noted. Arnold pointed out that Gaia Everworld is supported by, for example, AU21 Capital, Bullperks, EnjinStarter, Polygon. And the Theta Network project, according to the analyst, is becoming an important infrastructure for the creation of the metaverse. Star Atlas continues to grow rapidly, says Arnold. Previously, it exceeded the 100 thousand mark. The trader regards this as a huge achievement for a startup.

Do you think the metaverse altcoin sector is a promising investment? What is the future for it in 2022?

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Reply #128: Dec 16, 2021 05:29 AM

 What are the development prospects for the Solana project? Solana Project: Present and Future.

Solana is a crypto coin, which is in 5th place in terms of market capitalization. Following a recent DDoS attack, it has emerged as the leader in network development charts. According to Santiment, SOL has become the leading blockchain in the last month. From November 12 to December 13, Solana's daily GitHub requests rose to 90, overtaking Polkadot with 76 and Cardano with 65. On December 9th, Solana's network slowed down significantly due to a DDoS attack. The developers managed to mitigate the impact without shutting down the network. However, the community was seriously alarmed by the vulnerability of the Solana blockchain. “Solana is ready to take on a DDoS attack again. This attack took advantage of the fundamental design flaws that SOL is responsible for as it sacrifices decentralization and safety for speed, ignoring the consequences of this compromise with Proof of Historу & Turbine», - said the founder CyberCapital Justin Bons. Despite the concerns of the cryptocurrency industry participants about the security of the Solana blockchain, it is one of the most actively growing smart contract networks this year. The network is increasingly being chosen by projects in the field of non-financial tokens and decentralized financing.

For example, Twitch founder Justin Kahn is launching Fractal, an NFT marketplace based on the Solana blockchain. The company has already agreed with gaming studios, which are ready to provide their own non-fungible tokens on the marketplace. Fractal users will be able to purchase assets both directly from platform partners and create their own NFTs. Justin Kahn claims to launch the first NFT marketplace focused on NFT in the gaming industry. "The transition to in-game assets, which are NFTs on the blockchain, will open up real ownership and new levels of interaction in games for players," said the founder of the project. Due to its growing popularity among users, Solana is often compared to Ethereum. Some members of the crypto community consider the crypto coin to be an "ETH killer". But will the project be able to guarantee the safety of its users in the future? Will SOL hold its position as one of the most popular crypto coins in the long run?

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Reply #129: Dec 21, 2021 12:52 AM

Opinion: Half of real estate transactions will use digital assets

According to the renowned real estate agent Ryan Serhant, over the next 5 years, cryptocurrencies will be used in about half of real estate transactions. The TV host for Million Dollar Listing New York said 2021 is likely to see a surge in virtual real estate activity. Companies and individuals are ready to pay hundreds of thousands of dollars in ethereum and other digital coins in order to “stake out” the right to objects. Some people prefer to pay with cryptocurrencies when buying real estate in the real world. "I think we're in a very unique point in time. We'll end up doing, in New York alone, maybe one or two deals this month that are wallet to wallet. And then six or seven deals this month using an intermediary like BitPay,” said Serhant.

The stellar real estate agent believes lending institutions should add cryptoassets to their product line. This will simplify the mortgage lending procedure. “Right now, if I go to an institutional lender, and I want to go get a loan on a home and use their financing, and if I say all my assets are in a mixture of Solana, Ethereum, and Bitcoin, the bank's gonna say, 'Yeah, that's too risky, too volatile, we can't really lend on that, or we'll lend on 25% of it or something,'" added Serhant. According to him, while realtors are deprived of the opportunity to freely sell real estate to any user who has a BTC wallet. The authorities are monitoring compliance with the KYC rules and procedures, which are adopted in order to prevent offenders and members of the US sanctions list from buying real estate in the United States using crypto coins.

“I'm definitely an advocate of safe money. But at the same time, if being able to purchase your cryptocurrency makes purchasing things like homes and everything else, faster, easier, amongst many other reasons, that goes a long way, ”summed up Serhant. It is now legal to buy real estate with digital assets in Switzerland, Singapore, Indonesia and the United States. Such transactions are absolutely legal, provided that the legislation of the state on whose territory the real estate is located is observed. For example, in the United States, the settlement of a transaction is controlled by a notary through an escrow account. He also opens an account at a local crypto exchange, where the buyer transfers funds in the equivalent of the purchase price in US dollars.

The seller can receive money only after the transfer of ownership of the object to the buyer. At the same time, in the United States, the buyer is required to provide proof of the legal origin of the funds. Do you think cryptocurrencies will be able to revolutionize the real estate world and become a full-fledged means of settlement for such transactions?

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Reply #130: Dec 24, 2021 12:57 AM

 Trump continues to view bitcoin as a threat to the American and global economy

Former US President Donald Trump is still confident that bitcoin has the potential to destroy the global economy. At the same time, the billionaire supported the initiative of his wife Melania to launch a cryptocurrency project. She previously launched a Solana-based NFT marketplace, as well as her own collection of non-fungible tokens. In a recent interview, Trump noted that he has never been a fan of digital assets. In his opinion, cryptocurrencies can harm both the American and international financial systems. At the same time, the businessman refrained from detailed explanations why he considers investments in these assets dangerous. “I think the currency should be the dollar, so I was never a big fan but it's building up bigger and bigger and nobody's doing anything about it. I want a currency called the dollar, I don't want to have all of these others, ”he said.

During his presidency, Trump stated several times that the United States needs to be careful with digital currencies, especially BTC, since the main mining facilities are located in China. The ex-politician argued that bitcoin should not be used as a payment instrument because of the volatility of this asset, and "its value is taken straight out of thin air." Meanwhile, the CEO of Microstrategy Michael Sailor does not believe that the first crypto-coin can compete with the US dollar. In his opinion, bitcoin is a global reserve asset, and the US dollar is the world currency. The entrepreneur predicted that in the future, BTC will be the best option for protecting against inflation. “There will be volatility, but it seems to me that there is now a general recognition that the world needs an inflationary hedge. If you have bitcoin, don't sell it,” advised the CEO of Microstrategy.

According to Sailor, he has over 17,000 bitcoins in his account. Their total value is approximately $860 million. The CEO of Microstrategy, according to his own words, has never sold his personal savings in the form of BTC. Do you think Michael Saylor's strategy is correct?

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Reply #131: Dec 28, 2021 01:03 AM

We have great news for users from other countries!

We have added to our monitor BestChange.com new exchange directions — transfers to bank cards Visa and MasterCard in the following currencies: Norwegian krona (NOK), Hungarian forint (HUF), Czech krona (CZK), Bulgarian lev (BGN), Canadian dollar (CAD).

Now our users from a large number of countries have an opportunity to use all advantages of the monitor for their comfort and saving funds.

If you do not see new exchange directions, just open up the full list — to do it, simply click on the large grey arrow button at the bottom of the list. Here you go!

The monitor BestChange.com is always at your service. We wish you smooth and profitable exchanges!

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Reply #132: Dec 30, 2021 05:30 AM

Financial expert spoke about the reasons for the fall in the BTC price

Former manager of hedge fund Goldman Sachs Raul Pal commented on the likely prerequisites for a decline in the price of the main cryptocurrency. In November of this year, the crypto coin surpassed the $68,000 mark, but now bitcoin is trading at about $46,000. The CEO of Real Vision TV believes that this is due to the profit taking by large investors. According to Pal, the process has already been completed, so one should not expect a serious decline in the BTC rate.

“It looks like they finished. Last week the market was quite volatile, as it always happens when the reporting period ends and everyone knocked out their balances,” the expert noted. Raoul Pal also pointed out that sales in Asia may still continue, but a fairly large-scale rise in the crypto market is expected early next year. The reason lies in the inflow of capital from institutional investors, which will again be transferred to digital currencies.

Former manager of hedge fund Goldman Sachs expects large investors to take an increased focus on cryptocurrencies in 2022 due to the active adoption of digital assets. Noel Acheson of Genesis Trading agreed with Raoul Pal. She noted the significant involvement of institutional investors in the crypto industry.

“The growth in interest from institutions over the past year has been impressive and we see strong signs that the trend will continue next year. They will invest both directly and in companies dealing with infrastructure in the cryptocurrency market,” she said. In October of this year, JPMorgan analysts announced the reasons why the first cryptocurrency rose by more than 35%. The report for clients said that a key prerequisite for the rise in bitcoin price was the increased demand for it from institutions.

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Reply #133: Jan 11, 2022 12:10 AM

 Opinion: crypto industry can reach stock market scale

In the future, the cryptocurrency industry may reach stock market volumes due to the increasing investor interest in digital assets. This opinion was expressed by the Governor of the Bank of Korea Lee Joo Yeol. Many believe that the main cryptocurrency is a hedging asset that can "save" their savings, and bitcoin supporters are confident that BTC can replace gold. A representative of the Korean regulator pointed out that digital currencies have already gained popularity as investment instruments. “I cannot yet say that digital assets are better than gold, but if the global cash flow continues to move towards NFTs and cryptocurrencies, it is likely that this industry will grow to the scale of the stock market,” said Ju Yeol. And the head of the NH All100 consulting center Kim Hee Jong believes that digital assets are not yet included in the investment portfolios of clients due to high volatility, and local financial institutions do not risk working with them due to the tough position of the authorities.

However, the number of people willing to invest in crypto assets has increased significantly. According to Hee Jong, today not only young people, but also older clients are interested in investing in digital currencies. Meanwhile, the beginning of 2022 was marked by a serious drop in the cryptocurrency market. Over the week, the price of BTC has dropped by almost 12%. Other popular digital assets fell 22%, hitting multi-month lows. Experts note the growth of volatility in the crypto market at the beginning of 2022 against the background of the absence of a significant number of investors. As the leading strategist of EXANTE, Janis Kivkulis, noted, a drop in trading volumes was recorded on many crypto platforms. According to him, part of the positions that were betting on the growth of digital assets were closed, and some of the investors liquidated them in the wake of panic. The recent unrest in Kazakhstan, which is one of the mining centers, has also become a negative factor for the cryptocurrency industry. Currently, the Internet is unstable on the territory, and banks are working with restrictions. However, experts predict that along with the stabilization of the political situation, the miners of Kazakhstan will resume work in the previous mode.

Another prerequisite for the fall of cryptocurrencies was the Fed's position on tightening monetary policy. In the first week of January, a document was published, from which it can be concluded that the regulator is leaning towards a rapid increase in the interest rate and a decrease in the volume of assets on the balance sheet. This, experts believe, was the reason for the outflow of funds from risky assets. The NASDAQ Composite index fell by 4.5% in 7 days, and the value of BTC followed the securities of large IT companies, said the head of Binance in Eastern Europe Gleb Kostarev. Analysts believe that the decline will continue in the future. However, they do not exclude the market recovery by the middle of this year, including due to the continuing interest of institutions. How do you think the digital asset market will behave in the near future?

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Reply #134: Jan 13, 2022 02:29 AM

Crypto enthusiast voiced two scenarios for the development of the digital currency industry

Well-known American stand-up and TV host Joe Rogan believes in digital currencies and thinks that in the future, each company will start issuing its own non-fungible tokens. Together with fellow podcaster Adam Curry, he discussed the state of the cryptocurrency market. "Either the cryptocurrency industry will completely disintegrate, or it will give people a real chance to fix their financial situation and improve their lives," - Joe Rogan voiced two possible scenarios for the development of the industry. Curry noted that today many of the users do not want to become part of the existing system, so they are creating alternative ecosystems. The podcaster talked about investing in bitcoin, adding that he "jumped on the train", since it is BTC that is able to guarantee the safety of his assets.

Adam Curry believes that the monetary system is ineffective, which leads to poverty and war, inflation occurs, since money is associated with oil. Joe Rogan suggested that in the future, companies will create their own collectible tokens for customers to use to buy products. “Apple can easily release NFTs through which users will buy products. This can be called an alternative version of the shares,” said the TV presenter. But Curry did not agree with Rogan's opinion, as he believes that large companies and authorities will focus on introducing digital assets from regulators. All citizens will start digital wallets, which will be a direct link between users and the Fed, and the demand for familiar banking services will disappear, the podcaster is convinced. Billionaire and entrepreneur Bill Miller recently spoke about digital assets. He talked about what prompted him to invest in MicroStrategy bonds.

The billionaire's company Miller Value Partners has invested more than $1 billion in the main cryptocurrency. According to the entrepreneur, "there is no other asset with the same growth potential and liquidity." "Bitcoin is still a new and underdeveloped asset with a huge potential market, and it has a great, logical protocol with distributed governance," said the businessman. Miller doesn't believe regulators are planning to ban BTC. He recalled that the main crypto-coin has existed for about 12 years and shows itself perfectly without the intervention of the authorities. In addition, the billionaire noted that regulators in the United States have become more positive towards Bitcoin, prompting large investors to invest in the crypto asset. “Bitcoin is performing much better than just an asset for storing wealth. When the volatility of BTC approaches the volatility of government bonds, then the bitcoin rate will be much higher, the capitalization will be huge, and the profit will be insignificant. I think when it comes to that, bitcoin will become more often used for exchange,” said Bill Miller.

Do you agree with the American billionaire?

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