Daily Crypto NewsEDITION #119, 06 January 2021

Technobloggers choose Bitcoin!

Hey #Moni Maker 🙃

Today, in 2015, an exoplanet with the highest Earth-like Index was discovered - Kepler-438 b. Kepler is 470 light-years away from the Sun, so you can't mine bitcoins there. Anyway, keep your hand on the pulse, and at the first opportunity, invest in Keplercoin. In the meantime, let's go check out our digest — Moni Talks provides the earliest signals in the wild west;)

Let’s go!

One of the most popular techno reviewers, Marques Brownlee, popularly known as MKBHD, mentioned Bitcoin in his tweet.

So what?

First of all, subscribe to MKBHD. He's cool!

Second of all, PewDiePie, what's up? When bitcoin? Bitcoin is not a bad joke about Ku Klux Klan, don't worry!

Analysts at The Block noted a significant increase in spot trading volumes on cryptocurrency exchanges. The last time approximately the same trading volume was observed in January 2018.

Binance accounted for most of the volumes ($219.5 billion). The second and third places were shared by Coinbase and Kraken exchanges ($45.7 billion and $21.13 billion, respectively).

So what?

The money is growing. Rates are growing too.

We're sure more traders will be attracted to bitcoin at 35k and above. And more money ofc!

This prediction was made based on a calculation of the theoretical capitalization of bitcoin in the event of an influx of funds currently held in gold-based ETFs.

To achieve this goal, bitcoin should grow approximately five times from current levels. That would put it on par with private-sector investments in gold through exchange-traded funds (ETFs) or gold bars and coins.

"A crowding out of gold as an 'alternative' currency implies big upside for Bitcoin over the long term," the strategists wrote Monday. However, "a convergence in volatilities between Bitcoin and gold is unlikely to happen quickly and is in our mind a multiyear process. This implies that the above-$146,000 theoretical Bitcoin price target should be considered as a long-term target, and thus an unsustainable price target for this year." writes JPMorgan analyst Nikolaos Panigirtzoglu.

So what?

Well, JPMorgan likes to stir up intrigue, of course! Guys, let's keep our fingers crossed for your predictions!

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