Daily Crypto NewsEDITION #85, 24 November 2020

Who is the King Of Volatility?

Hey #Moni Maker ✋

Today, in 1971, arguably the most incredible robbery in history occurred. D.B. Cooper stole a Boeing, received a ransom for the passengers, and eventually jumped out of a plane with $200,000. Since then, no one ever saw neither D.B. nor money. This was the only undisclosed plane hijacking in the history of commercial aviation. Well, enough of robberies and fiat, let's go check out the digest!

A new report by VanEck Investment Company compares the volatility of bitcoin and S&P 500.

The S&P 500 includes shares of the 505 largest U.S. public companies. By the way, on December 21, the list will include Tesla stocks.

According to VanEck observations, 112 stocks in the S&P 500 have been more volatile in the last 90 days than BTC. And since the beginning of the year - 145. This is 22% and 29% of the total volume.

Interestingly, for all the volatility, stock indices have ETFs, while Bitcoin still doesn't:

"While there are no U.S. bitcoin exchange traded funds (ETFs) available today, we believe such products may show similar volatility characteristics—based on the comparison above—as many stocks in well-known indices and ETFs, such as the S&P 500 and related products." the researchers noted.

Crypto people wait for ETFs from 2017-2018.

So what?

Well, well, well. Forget about ETFs. Is the volatility of U.S. companies higher than ... bitcoin's one? ?

Do you agree, buddy, that 2020 looks like a bad joke: it has room for both frank banter and good black humor: this news is from the latter category.

*Not so long ago, these people were shouting about BTC's volatility...ha-ha*

P.S. Musk, WTF? Leave these guys, join us, join crypto?

The November letter of Pantera Capital investment company says that the beginning of bitcoin support by PayPal payment company and active purchases through Square's Cash App has a strong impact on the BTC deficit and, accordingly, leads to an increase in the price of the asset.

In October 2020. Pantera Capital stated that 40% of BTCs are purchased through Square's Cash App. And after the announcement of PayPal support, the demand for this service has greatly increased among the users of the service and is about 70% of the daily issued BTCs (this can be seen in the graph above), and if the growth persists, then PayPal alone will buy more BTCs than being mined.

"Where would Cash App get their coins? That's where the finite-supply, inelasticity part comes in: At a higher price.", - Pantera wrote in a letter.

So what?

Uh...oh... We also have Grayscale in the game, don't forget. And yes, it is very similar to the monopolization of the market by giant companies: quickly eat everything, inflate the price and push it to users at a higher price.

Ok, play this game, friends. We are HODLing.

PlanB, the creator of the Stock-to-Flow Bitcoin price prediction model, believes that this bullrun will start in January 2021, as it happened first in 2013 and then in 2017.

Recently, Plan B has expressed confidence that BTC will reach $100K by the end of 2021.

So what?

We also hear the opinions that BTC is about to go into a correction, fall, and then continue its growth.

DYOR, as wise people say, DYOR…

EasyFi launches the "Dual Farming" program with a duration of 2 months. EASY tokens are staked = MATIC tokens are farmed.

MATIC is the first EASY partner of its kind and promises partnerships with other projects to motivate EASY token holders.

P.S.: And EASY tokens can be farmed by interacting with the EasyFi platform, for example, by lending USDT, DAI, or USDC. So we get: Farm EASY, then stake it and get MATIC.

And one more thing...Buy Bitcoin!