Daily Crypto NewsEDITION #73, 10 November 2020

COVID-19 Vaccine

Hey #Moni Maker 🙃

Today, in 1983, at a seminar on computer security, Fred Cohen presented the first computer virus. Since then, computer programs have already been dubbed weapons technology, and few people on Earth can imagine even one day without using any type of software. And with the advent of crypto, security has reached a new level, as we are now talking personal finance. Be vigilant on the vast meadows of the Internet, buddy, and remember: not your keys - not your coins!

U.S. companies Pfizer and BioNTech announced the success of the third phase of the COVID-19 vaccine clinical trial.

The trials were attended by 43.5 thousand people. Test subjects of those who received the vaccine were 90% less likely to get COVID-19 than the ones who received a placebo.

U.S. stock indices began trading at 1-5% growth, with the Dow Jones and S&P 500 updating their all-time highs. Bitcoin showed no significant growth.

So what?

Mr. Coronavirus once again confirmed that a person could adapt to any kind of dullness. Masks, gloves, and other attributes of a pandemic already seem to be perfectly normal, and the growing illness rate seems to us as a usual figure on the screen.

But if a person gets used to bad things quickly, what will prevent this person from getting used to mass adoption? Think about it.

Well, don't chill just yet; the virus will be followed by the economic crisis, which seems to be one of the biggest on the planet Earth.

Bitcoin, you know what to do! (save humanity from the crisis)

So what?

For some crypto enthusiasts, the words of Plan B are Plan A.

It is not necessary to run like Flash and spend all the money on BTC, it is enough to keep at least a small part of your savings in bitcoin for the long term.

P.S. This is not financial advice! (с)

Bloomberg Intelligence's senior commodity strategist Mike McGlown said Bitcoin would reach $20,000 in 2021.

Earlier, McGlown said that within five years, the BTC rate might exceed $100,000.

So what?

The saddest thing about such statements is their expiration date. As digital diarrhea continues pouring onto our brains every day, remembering the last month is already a good sign, and now we have to wait for a year???

So, we are not accusing Mr. McGlown of anything but simply stating a fact. We ourselves hope that his prediction will materialize.

P.S. It is financial hope!

Analysts of the largest U.S. bank in terms of assets under management stated in their new report that interest in the Bitcoin trust company Grayscale Investments exceeds the interest in the gold-based exchange-traded fund (ETF), including through the participation of institutional investors. Thus, analysts argue that the growing interest in GBTC's Bitcoin trust may indicate that demand for Bitcoin comes not only from a generation of millennials (as they stated earlier), but also from large institutional investors.

As we mentioned before, the amount of funds in Grayscale Bitcoin trust reached $7.6 billion, and the total amount of assets under management the day before exceeded $9 billion. ETF market capitalization is still far away (it's trillions of dollars), but the fact of constantly growing interest is undeniable.

So what?

Perhaps due to such great interest, we will soon (finally) see a Bitcoin ETF ?! The question is not rhetorical, but there is no need to answer yet; we will wait.

According to CoinATMRadar service, the total number of crypto ATMs is 11,697, and on January 1 of 2020, there were only 6372. The growth is about 83%. New ATMs are being installed at a speed of about 1 per hour or 24 ATMs per day.

So what?

ATMs are convenient for older people, so we can conclude that Bitcoin is attracting more and more ages.

The MoniTalks editorial staff believes that Bitcoin should be sold even through irons and toasters. For now, we are happy with the ATMs, but not for long!