By Matt McCallOct 10, 2020
What would you do with $50 million?
You may not have an immediate answer… but it would sure be fun to figure out.
One well-known company is getting to do just that, and it made news this past week with what it decided to do its $50 million chunk of change.
It’s probably not what you would expect, but the move highlights something that every investor needs to know about.
Let me explain…
With all the headlines about the election and the crazy events of 2020, it’s easy to miss significant stories about other important topics… like making money.
This past week, online payment company Square (SQ) was at the center of one such story. Remember, this company was started by Jack Dorsey, who also started Twitter (TWTR), so it’s safe to say he is a visionary.
Square recently purchased $50 million worth of bitcoin. But that’s just part of a larger investment in cryptocurrencies.
For those of us who have followed the industry for a while, it’s not a major surprise. Dorsey has long been a fan of bitcoin, and Square started accepting bitcoin payments way back in 2014. Its Cash App began allowing bitcoin purchases in 2018.
Other mobile payment companies are also hot on the trail. According to reports, PayPal (PYPL) and Venmo plan to allow users to buy and sell cryptos directly from both websites. PayPal already has a deal with Coinbase where money can be sent to and from the crypto exchange, but a move to directly offer cryptos via PayPal and Venmo would be big.
In its statement, Square said that bitcoin is “an instrument of economic empowerment and provides a way for the world to participate in a global monetary system…”
Going back a couple of years, Jack Dorsey said he sees bitcoin “as a transformational technology for our industry and we want to learn as quickly as possible.”
That advice is as valuable today as it was when he said it in 2018.
We talked about this a week ago, when I wrote about blockchain – the technology that bitcoin and other cryptocurrencies operate on – being the next great transformation technology platform.
Blockchain is on its way to affecting everything.
The way you buy everyday goods and services… buy a home… pay your taxes… even how we vote in the future.
This transformation is underway, and the truly seismic shift – when the massive profits are made – comes as businesses, consumers, and big-money investors realize what’s going on.
We all know cryptocurrencies can be volatile, but if you invest for long-term hypergrowth, you can ride through the day-to-day volatility. Still, bitcoin’s trading action is flashing a very bullish signal right now as its 30-day historic volatility nears an important level.
According to investor Raoul Pal, volatility has dipped to 20% only seven times in the past. In six of those instances, the price shot higher as volatility also spiked.
Odds are that the next big move for bitcoin and the entire crypto universe will be higher.
This is further confirmed by bitcoin’s longest stretch ever above $10,000.
Take a look at the chart below and you can see how bitcoin peaked around $10,000 several times in the first seven months of the year. It broke through that resistance level with gusto in late July and has stayed above ever since.
Bitcoin’s consolidation above $10,000 is extremely bullish over the long term, and it appears that a huge move higher is on the horizon. This is just one more catalyst to send bitcoin to its highest level in over a year.
If and when this occurs, the best altcoins – cryptocurrencies other than bitcoin – should also explode higher and even outperform bitcoin.
Simply put, altcoins are the best way to have direct ownership in the groundbreaking blockchain technology.
They are not fantasy internet money, as some who don’t really understand believe. Altcoins are investments in blockchain projects that make our lives easier, more productive, and more efficient.
Blockchain is the safest way to store and transfer information ever created. That’s why it is going to be huge. It’s why some high-profile insiders are saying it will be bigger than the internet.
All this disruption and change creates a once-in-a-lifetime financial opportunity for anyone who acts today.
P.S. I know bitcoin and altcoins are still somewhat mysterious to a lot of investors, but the opportunity is massive.
Whether you’re an experienced crypto investor or wanting to get started, I recently introduced my latest portfolio of altcoins as part of Crypto Investor Network.
I’ve partnered with one of the original pioneers in the cryptocurrency industry who today is known as one of the most influential people in the space. We sat down together and talked about what’s ahead for the industry and all the opportunities available to investors today.
We call this “The Awakening,” and it’s about to change the way we live. To capitalize on what’s coming, my business partner even unveiled his #1 pick in the space. If you missed the event, you can watch a full replay by clicking here now.
Click here to listen to Matt McCall’s MoneyLine podcast! This week, Matt highlights the four trends that are likely to make the biggest moves in the coming decade. Anyone in the know stands to make a big profit. Matt provides the names and ticker symbols of several stocks you should be keeping an eye on. So if you’re keen to increase your profits in the Roaring 2020s, you do not want to miss this podcast.
You can subscribe to this podcast on iTunes, Stitcher, Spotify, or wherever you listen to podcasts.
How the 5G Breakthrough Can Make You Rich
The next trillion-dollar companies – the next Amazon, the next Google, etc. – are being hatched in research facilities and garages around the world. These firms will further change the world and revolutionize our economy.
Just as Apple, Google, Amazon, and Microsoft can’t function without the internet, the next generation of world-changing, $1 trillion mega winners can’t survive without the subject of this report… the super powerful infrastructure technology we call “5G.” Learn more here.
How to Make Huge Profits From the Shift to Transportation 2.0
The car as we know it is on the verge of a transformative change not seen since Karl Benz invented it nearly 135 years ago. In fact, the whole transportation sector is now poised for its version of 2.0.
I’m not exaggerating when I say this will lead to trillions of dollars in money sloshing around in the coming decades. What is coming will create one of the five biggest investment opportunities you’ll ever see in your life, no matter when you were born. Learn more here.
How to Cash In on the Biggest Battery Breakthrough in a Century
The next big breakthrough in battery technology is an innovation that will have multi-trillion-dollar economic implications. I can tell you this mega innovation isn’t a matter of “if,” it’s a matter of “when,” and I believe it will go down as one of the greatest inventions of the 21st century.
Those on the right side of this innovation stand to build incredible wealth… just like people did from the creation of the internet and the smartphone. Think of this as your “field guide” for profiting from the next big battery breakthrough. Learn more here.
2 Elements Influencing This Surge
Bitcoin is surging greater after weeks of consolidation. The cryptocurrency, presently buying and selling for $11,430, is at its highest value since early September. Prior to now 24 hours, the cryptocurrency is up by roughly 5%, having traded round $10,900 on Thursday.
BTC’s robust surge greater is irregular: only a day in the past, the cryptocurrency was strongly underperforming altcoins.
Analysts on Twitter have commented that it is a signal that Bitcoin could outperform altcoins for some time. One fund supervisor within the house quipped that the “king is waking up and reminding everybody why it’s king.”
Bitcoin waking up and reminding everybody why it’s king 🔥
— Pomp 🌪 (@APompliano) October 10, 2020
Analysts say that Bitcoin’s transfer greater is a results of spot market shopping for.
Mohit Sorout, a founding accomplice of Bitazu Capital, shared this chart under. It means that Bitcoin’s transfer greater is a results of spot market quantity. That is evidenced by the premium on spot exchanges in comparison with futures exchanges. The premium is extraordinarily slight purchase reveals which aspect of the market is driving value motion.
Spot led $btc pumps are one of the best pic.twitter.com/4jAy4nH5eE
— Mohit Sorout 📈 (@singhsoro) October 10, 2020
Throughout this transfer greater, although, there was $38 million value of short-side liquidations on BitMEX alone. This means that there could also be some derivatives factor to Bitcoin’s transfer greater.
Open curiosity has but to recuperate in wake of this transfer, suggesting that traders are hesitant to brief the continued rally. Respectively, funding charges have begun to inch greater, corroborating this assertion.
Analysts imagine that information round potential fiscal stimulus is driving capital into Bitcoin.
Mike McGlone, senior commodities analyst at Bloomberg, not too long ago made the next touch upon how fiscal coverage can drive Bitcoin within the coming months:
“A possible Biden presidency ought to shine favor on additional appreciation within the value of #Bitcoin. New management could change the hands-off coverage of the Trump admin. – to the detriment of the broader crypto market – and nudge Bitcoin towards the mainstream, bettering ETF probabilities.”
On a short-term foundation, it was not too long ago revealed that stimulus talks are persevering with in Washington, D.C.
It was revealed that there presently is a $1.eight trillion stimulus invoice in talks, which is under the $2.2 trillion invoice that was being floated per week again. Regardless of the case, the U.S. greenback is diving decrease on these continued discussions.
On account of these discussions, Bitcoin is gaining traction. The information that Sq. has purchased $50 million value of BTC for its steadiness sheet probably helps.
Author: By admin
La Blockchain dans le domaine de la Santé
La Santé est un domaine très particulier. Désormais, vous avez une overview des évolutions et révolutions en cours dans ce domaine grâce à technologie de la Blockchain.
•Cedric Dubucq : avocat maitrisant bien ce secteur d’activité, son article sur TheCoinTribune : https://www.thecointribune.com/actualites/blockchain-sante-et-epidemie-la-technologie-face-aux-enjeux-des-nouvelles-crises-sanitaires/
Je reste à votre disposition en commentaire et j’attends vos retours avec impatience merci pour votre attention !
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#bitcoin #blockchain #cryptocurrency
Author: by admin