Monday, January 18, 2021

Crypto Long and Short: Christmas Poetry Edition – Kindesk

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From our typical crypto long and short format to the holidays, in honor of the holiday season, I wrote a poem that reviews the year and reflects some progress in our industry. This is not a rigorous analysis, but I hope the change of rhythm will lighten the festivities.

Go ahead and smile, but can I say in my defense that “rhyme is good” was not in my original work description.

A cryptomas rhyme

‘Twice the day after Christmas. Instead of some rest

We decided to review how we have progressed.

In January, The title screams Military tensions.

Bitcoin as a “safe haven” Attention.

March did a lot to expel these ructions

The The “safe haven” myth As all prices fall

“Black Thursday” also highlighted this danger

Of Too much leverage. But things will become unfamiliar.

We soon became aware of a new threat

The kind of virus that spreads. It wasn’t just “flu”.

As April drew to a close we saw a new correlation

Decrease in bitcoin and stocks and in inflation

As soon as it dries. But the biggest push

There was one Negative oil prices Much more stock by the way

And there is not enough storage. Uncertainty spread

As markets digest the changes up front.

Official response to random crashes

There was income and output More printing “Cash.”

Fiat ballooning supplies to spend

Was the opposite of a cap that would not bend.

And reminds the network with precise timing

Every four years we have new problems.

The Half in May Time Our big event

We cannot block the provision of highlights.

In June Prices held. Instability decreased.

The spread of the virus could not be stopped.

Or share prices cannot rise

It uses technology to push the person to

A new way to work and see with their friends

Despite yields and dividends cut.

Summer saw two new trends:

Services to meet institutional needs

And Decentralized means The store flashes:

A surge Its size Some trading

Of Platforms That would be the name

Memes are their own. Sushi, Pizza And Yes

While delivering a lot, I think there was something Scandalous.

Part of the US fight Fire Later Fire

Pulled in August, stock markets rose even higher.

In October, the price of bitcoin began to rise

And an upcoming election has pushed the pressure to new heights.

PayPal support For some transactions

The meaning of crypto assets can come from mainstream acceptance.

More Well-known investors Came out of self-defense

Hold a bitcoin stack as a hedge – it has been realized

Rising inflation at risk

And currency problems that can lead to stagnation.

In December, Bitcoin related to gold

Came down to almost zero, as new details unfolded

And the price of Bitcoin enters a new paradigm.

As I write this verse, it continues to climb

Towards new all-time highs. Now I don’t know

It goes from here, but Shows the flow

That Institutional interests It seems Must stay here.

I can say more after continuing a lot,

But this poem is already very long yet

We can’t leave without being asked to forget

The year was tough for so many people.

And we should be aware even if there is hope

Need to be kind, and take care

Of Our Health and Our Loved Ones Forever

There is someone who can be enlightened by sharing the day

Some kindness, affection and caring.

With that dear readers, I wish you the best of luck!

Happy holidays, and have a hopeful New Year.

Chain links

Crypto fund manager Beatwise There is Liquid XRP position It was among its Bitwise 10 crypto index funds after the U.S. Securities and Exchange Commission announced it. Agency lawsuit Ripple, which maintains 55 billion XRP in escrow and is considered an offer of securities per month, releases 1 billion per month. Exceed: It is unknown at this time what he will do after leaving the post Claiming XRPs are outside federal security law. Nevertheless, this is a big deal for investors who are not interested in XRP, as the ripple effect of regulatory measures (sorry) Touch Exchange That Token list As well It contains fundsSuch as bitwise products. This will further the conversation about what protection is and what is not, transparency that would be welcomed by the industry as a whole. At the time of writing, the XRP price is 40% lower than its price a week ago.

Source: Coindesk XRP Price Page

Anthony Scaramucci’s Hedge Fund Skybridge is the capitalWhich manages assets of about 2 2.92 billion, has submitted a Form D to the U.S. Securities and Exchange Commission for what appears to be The first bitcoin-only fund. Skybridge is already there Has invested 25 million This fund, which will be open to new investors in early January. According to Scaramucci, Michael Sayler, CEO of Microstrategy, was the inspiration for the fund. Scaramucci further said that the whole bitcoin node is running on Skybridge. Exceed: The Sailor connection is interesting in that it shows the transition power of high-profile visibility. And you don’t often hear of institutional investors getting as deeply involved as running a node.

Here’s one Good article by JP Conning How we appreciate the entry of institutional investors into the market, but we tend to risk more than that Why They are investing.

Mogo, A Canadian fintech listed on the Nasdaq and Toronto stock exchanges Corporate will invest CA on Bitcoin will consider ক্র 1.5 million (US 1. 1.16 million), and additional purchases over 2021. Exceed: I really hope we’re not initiating a trend where firms are announcing bitcoin interest so that their share price will rise. I simply fail to see the wisdom in a huge buy announcement Before You do it – isn’t it part of a company’s shareholders’ responsibility to make sure the best price for it is acquired?

Original Bitcoin-Purchasing Corporation, Microstructure, Has invested all of the earnings A further 29,646 bitcoins were issued for a লার 650 million unit, with an average unit price of 21 21,925. The business intelligence agency currently has 70,470 BTC, more than 1.596 billion in Treasury reserves. Exceed: Now This By knowledge, by declaration Later Purchased over. Many companies have undoubtedly noticed the performance of the microstrate stock price as it has headstarted in cryptocurrency – it may encourage others to dive in, and not necessarily for ideological or even investment research reasons.

Source: Google

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