Daily Crypto NewsEDITION #91, 01 December 2020

Sky is the limit

Hey #Moni Maker 👌

Today, a year ago, the first COVID-19 case appeared in Wuhan. And if you do not focus on all the negative consequences caused by a coronavirus, you can find the positive aspects of what happened. End of the day, it's a zero-sum game, just like anything else, and where someone loses, someone else wins. All you gotta do is take care, keep a close eye on what's up and take lightning-fast and accurate decisions. Sounds like #Moni Talks is becoming your ultimate breakfast companion...

Let’s go!

The cost of Bitcoin exceeded $19800 for the first time since December 2017, thus setting new price records on some exchanges.

On which exchanges did Bitcoin update ATH?

Bitmex — $20,093

Gemini — $19,999

Coinbase — $19,892

Bitfinex — $19,891

✅ Huobi — $19,867

✅ Binance — $19,799

✅ Bitstamp — $19,666

✅ Kraken — $19,660

Here is ATH if you look at the analytical services:

СoinMarketCap — $20 089,00

CryptoRank — $20,089

✅ CoinGecko — $19 665,39

So what?

Hmm, it's not exactly 2017, is it? Or is 2017 knocking on our door again wearing a Santa Claus costume?

We are yet to see BTC growth but in the meantime HODL, friend.

Guggenheim Partners, one of the largest asset-management companies, has applied to the U.S. Securities and Exchange Commission (SEC) for over $500 million from the Macro Opportunities fund to invest in the Grayscale Bitcoin Trust.

According to the application, the fund plans to spend about 10 percent of its net assets on the acquisition of BTC. In total, Fidelity and Morningstar estimate that the fund manages assets worth about $5 billion. Accordingly, we are talking about the purchase of $500 million.

2020 is the loudest in terms of institutional BTC acquisitions, especially if Guggenheim Partners get permission and are able to invest according to the submitted application.

So what?

A story is being written before your eyes right now: more and more giants are turning their great corporate eyes to cryptocurrency. Exciting moments, aren't they? :)

American financier and founder of Scion Capital hedge fund, Michael Burry, who predicted and subsequently profited from the real estate "bubble" in 2008 and became the prototype of the leading character in "The Big Short" movie, said that Bitcoin and Tesla stocks are a bubble.

According to Burry, Tesla stocks are overvalued because the company's market value equals 65% of the total value of all other car manufacturers in the world. Holders of stocks, cryptocurrencies, and many other assets are too confident that they will sell them before the market collapses, the financier is sure. But a few hours after publication, Burry deleted all tweets.

So what?

Mr. Burry, our Moni smm-adept has made it a rule: when he gets drunk, he does not tweet. Maybe you will follow his example, too?

You shouldn't rely on the opinion of a person who is an authority - Buffett said a lot of things too, probably drunk on his beloved Coca-Cola...

— Binance will list SKALE Network (SKL);

— Binance Futures launches quarterly futures contracts on XRP, LTC, EOS, and BCH with expiry dates of 25 December 2020 and 26 March 2021.

And one more thing...Buy Bitcoin! 😉