Daily Crypto NewsEDITION #97, 08 December 2020

Every trader wants it

Hey #Moni Maker ✋

Today, in 2005, China stopped using locomotive traction. Just think about it: some 15 years ago, people still used a steam engine, and now the governments are already abandoning the internal combustion engines, Tesla is conquering the top of S&P500, and the above mentioned China gives away crypto to its citizens. Progress is so rapid that there is no time to blink. It's good that you signed up for Moni Talks - now you will definitely not miss the most significant happenings! But don't forget about your friends and family, share your "secret" of how to always be in the know; we've reserved a few seats in the first car of this speeding into the future train called Progress!

Let’s go!

Investor and a star of the Shark Tank TV show, Kevin O'Leary, in Anthony Pompiliano's podcast, announced a possible investment of 5 percent of his portfolio in bitcoin if it takes the ETF form.

O'Leary organized many ETFs as O'Share's chairman. According to him, ETF will be the most liquid instrument for buying and selling BTC.

He also claims that the fees to enter/exit BTC are currently too high, but he still keeps a small amount of funds there.

Interestingly, O'Leary was previously skeptical about BTC and Pompliano. In August 2019, O'Leary called Pompiliano crazy for his investment approach of allocating 80% of his assets in BTC.

So what?

Tired of sitting on the evil side, and you've decided to join the rebellion? :)

We are toxic here in crypto, there's no arguing. But we welcome each and everyone as long as the lesson's been learned.

So, invest in Bitcoin and popularize it. We'll forget all the wrongdoings. We promise.

Bloomberg analysts in a new report believe that the fluctuations in the rate of bitcoin could reach $10,000 - $50,000, and the capitalization could grow to $1 trillion. In their opinion, the cryptocurrency will be supported by an unprecedented pace of quantitative easing and growth in the debt to GDP ratio, as well as reduced rates of coin emission after halving.

Analysts believe that the current consolidation in the range of $19 - $20k may last several months, but in the future, the growth will continue. The opinion is based on fundamental growth compared to the 2017 situation.

Over the past three years, the open interest in bitcoin futures at the CME has increased to $1 billion, the daily issue of digital gold has decreased from 1,800 to 900 coins, and the value of funds in the Grayscale Investments' GBTC trust has skyrocketed from $200 million to $10 billion. And this is supported by the hashrate growth and the BTC price rise on the background of increasing global debt to global GDP ratio.

So what?

Hmm, along with future essential jobs, there will be another one - the cryptocurrency forecaster.

Right after Daily News ... stay tuned!

And one more thing...Buy Bitcoin! 😉