El Bitcoin lucha por los 50 mil dólares tras una caída de 10 mil dólares y 4,4 mil millones de dólares en liquidaciones

  • Bitcoin cayó de 58.369 dólares a un mínimo local de 47.619 dólares
  • A continuación, el Bitcoin se recuperó hasta los 55.000 dólares antes de volver a caer hasta el nivel de 47.600 dólares
  • La volatilidad provocó liquidaciones por valor de 4.400 millones de dólares
  • El soporte crucial de 50k dólares pende de un hilo mientras febrero llega a su fin
  • Podría haber una presión de venta adicional con los contratos de futuros y opciones de Bitcoin que expiran el viernes, así como el cierre mensual

Los mercados de Bitcoin y criptomonedas han experimentado una montaña rusa en las últimas 48 horas. A primera hora de ayer, el Crypto Trader registró un valor máximo histórico de 58.369 dólares antes de caer a 47.619 dólares en el mismo periodo de 24 horas. Esta caída masiva tuvo un valor de 10.750 dólares y es la mayor en la historia de Bitcoin.

La caída masiva tuvo un efecto dominó que provocó liquidaciones por valor de 4.440 millones de dólares que afectaron a 474.968 operadores. El equipo de Bybt.com compartió los datos anteriores sobre las liquidaciones a través de la siguiente declaración y captura de pantalla que destaca la magnitud de las pérdidas.

En las últimas 24 horas, 474.968 operadores fueron liquidados. ¡En total se liquidaron 4,4 mil millones de dólares! Este es el día más loco en la historia de los futuros de #Bitcoin.

Bitcoin lucha por $50k

La caída de ayer de Bitcoin a 47,619 dólares resultó en un rápido rebote a la zona de precios de 55k dólares. En el momento de escribir este artículo, Bitcoin está cotizando a 47.600 dólares en lo que parece una posible formación de doble fondo con el mínimo de ayer. La captura de pantalla de abajo del gráfico horario de BTC/USDT da una mejor pista visual de la situación.

Los futuros y opciones de Bitcoin vencen este viernes, junto con el cierre mensual

Si Bitcoin puede encontrar un suelo en sus niveles actuales, lo más probable es que $50k también pueda ser recuperado como zona de soporte en las horas y días siguientes. Sin embargo, el Bitcoin tiene dos obstáculos más esta semana como se elaborará.

Para empezar, están los contratos de futuros y opciones de Bitcoin que vencen este viernes 26 de febrero. Según Skew, un total de 63.100 opciones de Bitcoin vencen en esta fecha. También están los ya conocidos futuros de bitcoin de la CME que vencen en la misma fecha. La volatilidad suele acompañar al vencimiento de estos contratos y el Bitcoin podría experimentar una presión de venta adicional antes de que termine el mes.

En segundo lugar, el cierre mensual y semanal es este domingo, 28 de febrero. Lo más probable es que el Bitcoin tenga poco espacio para absorber el posible impacto del vencimiento de los futuros y las opciones el viernes. Por lo tanto, el domingo, entrando en el nuevo mes de marzo, podría proporcionar una presión de venta que podría enviar a Bitcoin a niveles más bajos.

Bitcoinin hinta ylittää 300 000 dollaria ‚Ei olisi outoa‘, sanoo suosittu salausanalyytikko

Suosittu kryptovaluuttakauppias ja -analyytikko Michaël van de Poppe on paljastanut uskovansa, että bitcoinin hinta voi nousta 300 000 dollariin tässä härkäkierros dot-com-kuplasta saatujen vertailujen perusteella.

Äskettäin julkaistussa videossa, jonka Crypto Profit huomasi ensimmäisen kerran , kryptovaluutta-analyytikko kertoi 20000 tilaajalle uskovansa, että kryptovaluutta voi ylittää 200 000 dollaria lyhyellä aikavälillä „ihmisen psykologian tai markkinapsykologian ja markkinakierron“ perusteella.

Hän lisäsi, että historiaan palaten, ne, jotka odottivat BTC-härkäajoa vuosina 2015 ja 2016, “eivät olisi koskaan pudottaneet 20000 dollarin hintatasoa bitcoinia kohden”, joka saavutettiin loppuvuodesta 2017.

Van de Poppe lisäsi markkinat ovat yleensä irrationaalisia kun käydään läpi puomisyklin

Viitaten esimerkkinä Applen osakekurssiin (NASDAQ: AAPL) hän sanoi, että AAPL on jatkanut hintojen kasvua dot-com-kuplan jälkeen. Applen markkina-arvo on nyt yli 2 biljoonaa dollaria, joten se on maailman arvokkain yritys, jota seuraa Microsoftin (NASDAQ: MSFT) 1,65 biljoonaa dollaria.

Analyytikko sanoi, että kun „jokin alkaa toimia“, on todennäköistä, että menetetään pelko puuttumisesta, ja kyseisen omaisuuden hinta nousee, mikä todellisuudessa näki myös viimeisimmän bitcoin-juoksun aikana. “ BTC: n hinta nousi 10000 dollarista uuteen kaikkien aikojen korkeimpaan yli 40 000 dollariin ennen kuin se kesti korjauksen, hän sanoi, ilman merkittäviä putoamisia matkalla.

Hänen mukaansa nykyisen korjauksen tulisi olla noin 30%, ja hän sanoi, että pudotamme kohti $ 26,000: n ja $ 28,000: n tasoa ennen toipumista.

Kasvavan omaksumisen ja tietoisuuden perusteella hän lisäsi, että BTC voisi saada 300 000 dollaria

Bitcoin, jonka hinta on 300 000 dollaria muutaman vuoden päästä, ei olisi outoa, jos verrataan sitä dot-com-hyppyyn ja sykliimme, joka meillä oli silloin.

Van de Poppe vertasi salausmarkkinoita dot-com-kupliin ja huomautti, että dot-com-kupla „oli 10–12 biljoonan dollarin välillä“, mikä nostaisi BTC: n 200 000 dollariin, vaikka oletettaisiin, että sen markkina-asema oli 40-50%.

US MP Soto wants to coordinate official use of blockchain technology

A new authority is to coordinate the use of blockchain technology within the American government agencies.

A new bill, which was submitted on Thursday under the code HR9067, wants to „coordinate“ the use of blockchain technology within the American federal government.

The bill, tabled by Representative Darren Soto, a Democratic Party representative for the state of Florida, provides that “the business administration will establish a department to coordinate all uses of blockchain technology within the federal government, if any this is not about defense ”.

On December 31st, the draft law was presented to the parliamentary committee for energy and economy

Although the exact content of the draft is still unknown, its author could possibly allow conclusions to be drawn about the intended areas of application for blockchain technology.

In recent months, Soto had shown himself to be an advocate for crypto currencies, which he has now also allowed for political donations made to him, and blockchain technology.

The politician, who is co-chair of the Crypto Engine parliamentary council, confirmed in a previous interview with Cointelegraph that he will soon be integrating the technology as an alternative way of sending postal votes. The American post office had previously applied for a corresponding patent. Then Soto said in the interview:

„I could imagine that something like this will be used very soon, possibly in the next elections.“

Last September, Soto announced again that his “almost two-year efforts” in the parliamentary committee for energy and economy have paid off by finally passing the “Digital Taxonomy Act”, which, among other things, also allows the use of blockchain technology by the Government agencies should research. The draft law HR9067 is intended to build on this and ensure faster application of the technology.

The advocacy for cryptocurrencies has recently been a particularly strong focus of Soto, because he is one of the nine members of parliament who criticized the US Treasury for the hasty entry of a new crypto bill . In the crypto industry, this had caused severe headwinds , even a possible lawsuit against the ministry is in the rough .

CME lanserar Water Futures eftersom vatten

Teeka Tiwari: Vad är hans prisförutsägelser för Bitcoin?

Vad uppskattar investerare och tidigare hedgefondförvaltare Teeka Tiwari för framtiden för Bitcoins pris? I detta utforskar vi.

Teeka Tiwari, känd finansanalytiker, Palm Beach Letter-redaktör och New World Money-författare, har blivit ett namn i kryptovalutaindustrin. Med hausseartade Bitcoin-förutsägelser och påstådda miljoner gjorda av kryptovalutainvesteringar har han ett rykte för sin åsikt och råd på marknaden.
Tiwaris uppstigning till berömmelse uppstod 2015 när han noggrant förutspådde Bitcoinens boom och uppmanade investerare att överväga att lägga Bitcoin Loophole till kryptovaluta i sina portföljer. Med erfarenhet av hedgefondförvaltning har Tiwari en mängd insikter i sparande, investeringar och portföljer som är utformade för att bekämpa fallande ekonomier. Eftersom Bitcoin nyligen har blomstrat, visar sig Tiwaris insikter vara fördelaktiga på nytt för marknaden.

Eftersom världen har drabbats av den globala pandemin har Bitcoin fått hälsa i både adoption över hela världen och värdet. Med institutionella investeringar som växte starkare än någonsin tidigare, den amerikanska dollarn sjönk och en ökning av reglerna, verkar kryptoindustrin vara på väg mot en stark tjurkörning – en som Teeka Tiwari har förutsagt.

Teeka Tiwari Bitcoin förutsägelser

I ett samtal nyligen med Chris Lowe från Legacy Research Group berättade Tiwari att han förutspår att Bitcoin kommer att nå $ 60 000 USD eller $ 70 000 USD „mycket snabbare än de flesta inser.“ Utan att sätta några tidsramar för tokens ökning, erbjöd han att industrin kommer att nå flera biljoner dollar-tak, liknande de högtvinnande aktierna:

„Du kommer att se kryptovalutor med marknadstak på flera miljarder dollar – som hur du nu ser aktier som Amazon och Apple med marknadstak på flera miljarder dollar.“

Han tillade att han tror att det nuvarande rallyt bara är början på prisuppgången: Vi befinner oss kanske i andra hälften av bara den första inningen på denna tjurmarknad. Du kommer att se bitcoin nå $ 60.000 eller $ 70.000. “
Faktorer som kan få Bitcoin att öka

Institutionella investerare ökar

Institutioner som Grayscale Investment och Square lägger till stora mängder Bitcoin till sina tillgångar under förvaltning (AUM). När mer Bitcoin köps av institutioner ökar efterfrågan på Bitcoin vilket minskar mängden tillgänglig kryptovaluta. Med det begränsade utbudet av Bitcoin skickar efterfrågan slutligen priset uppåt.
Den amerikanska dollarn är instabil och Bitcoin är en tydlig häck

Med den globala ekonomin som kämpar för att återfå styrkan kämpar fiatvalutorna. I synnerhet den amerikanska dollarn har haft svårt som ett resultat av den globala pandemin med trasiga försörjningskedjor och små och medelstora företag som kämpar för att öka ekonomin från nationella lockdown. För att bekämpa det fallande värdet på den amerikanska dollarn har investerare samlat sina medel i säkringstillgångar. Guld och Bitcoin har sett nya investerare som ett resultat, vilket stärker priset på kryptovaluta- och råvarumarknaden totalt sett.

FOMO driver marknaden uppåt

Det ökande priset på Bitcoin har lockat ett antal nya investerare (institutionella, detaljhandels- och storskaliga valar) till marknaden som ett resultat av rädslan att missa (FOMO) på potentiella vinster. När nya investerare strömmar in ökar priset, vilket orsakar en cykel av ökande värde.

Federal government hesitates with E-Euro

The federal government is struggling to take a clear position on the digital euro. This emerges from a request from the FDP parliamentary group that BTC-ECHO has received.

While the discussions about the introduction of the One Bitcoin a Day from Facebook are now also preoccupying the federal government, they are still waiting in vain for more substantial statements regarding the digital euro.

A request from FDP MP Frank Schäffler brought little new knowledge to light

In October, BTC-ECHO already reported on the cautious formulations of the federal government regarding the e-euro. At that time, the rulers did not yet agree on whether the introduction of a digital euro by the ECB would make sense. A lot has happened on the global stage since then. Facebook has renamed its stablecoin Diem and is continuing to push for an introduction in the coming year. China is already testing its CBDC on the population and the G7 has only recently shown its resolve to regulate cryptocurrencies.

No decision on the introduction of the e-euro yet

While the federal government already wants to regulate other digital currencies, the progress towards the introduction of a digital euro is not significantly more advanced than in October. The ECB has still not made a decision whether a digital currency should come in the euro area at all, even if a lot stands for it. The related discussion is also just beginning, says the document. They are currently still in an „experimental phase“, which will end in March 2021. Then one would think about transferring it to a formal project investigation.

The federal government sees the possible introduction of a digital euro as a complementary means to normal cash. In doing so, she takes the same position as ECB boss Christine Lagarde, who already announced her position in an interview at the end of November . Lagarde is still skeptical of cryptocurrencies like Bitcoin.

Because the „E-Euro“ project is still in such an early stage, no valid information can be given about any legal adjustments. In addition, according to the federal government, it is not possible to provide an exact breakdown of those who work on the topic.

ECB launched online survey on the digital euro

For a long time, the European Central Bank had concerns about cryptocurrencies. In October it went public and asked citizens and companies whether and how it would make sense to use a digital currency. In relation to this, the FDP parliamentary group raised the question of whether the federal government would participate in the public consultation process. One will not take part in the survey, since the survey is more aimed at companies, associations and private individuals. After evaluating the data, the Governing Council then decides whether a digital currency should be tackled.

Criticism from the FDP parliamentary group

The member of the FDP parliamentary group Frank Scheffler criticizes the hesitant behavior of the federal government and the ECB:

The government has still not found its position. While Facebook wants to launch Diem in the US in the New Year, the government is preventing innovative means of payment in Europe,

said Schäffler in an email exchange with BTC-ECHO.

Polkadot and Ethereum are meant to coexist, according to Gavin Wood

Polkadot (DOT) founder Gavin Wood has expressed his ambition for the project. And he doesn’t particularly see Ethereum as a competitor …

Ethereum and Polkadot, brought to coexist?

As a reminder, before being the creator of Polkadot, Gavin Wood is the founder of Ethereum. This is why he was asked about the subject during the Polkadot Summit which took place yesterday. Wood explains the positioning of Polkadot, which he considers to be “ a bet against the maximalism of blockchains“ . According to him, building Ethereum as a single blockchain that would cover all the needs is not a good idea. He believes that the strength of the ecosystem is precisely interoperability, which is Polkadot’s credo:

“If Ethereum becomes a chain to be bridged with, I think there is a very good chance that Polkadot and Ethereum will coexist . “

Polkadot, a threat to Ethereum?

The Polkadot project has in any case seen a breakthrough this year , with a fanfare arrival in the top 10 cryptocurrency by capitalization, thanks to several successful token sales . And beyond the economic factors, the project has attracted many developers thanks to its promise: that of creating interconnected environments.

The DOT price therefore logically reflected this nascent enthusiasm… At least until the end of November. The DOT price followed the Bitcoin bull run (BTC), approaching its all-time high at over $ 6 a week and a half ago. But it had plummeted very sharply, losing -21% in the space of a day:

Since then, the price has managed to bounce back, even if it does not reach levels similar to ten days ago. However, it takes + 9 % over the week . Today, the capitalization of DOT stands at nearly $ 5 billion.

Ethereum 2.0: Coinbase introduces staking

Ethereum 2.0: Crypto exchange Coinbase introduces staking for eth2

Staking at Ethereum is what mining is at Bitcoin. However, this form of investment is not without risk. The crypto exchange Coinbase has now presented its plans for Ethereum 2.0.

The crypto world has been waiting longingly for the launch of Ethereum 2.0. The crypto exchange Coinbase has now revealed its plans how it wants to deal with staking and trading in the future, when two different tokens „ETH1“ and „ETH2“ exist. In a blog post Coinbase clarifies that it will offer a Bitcoin Machine platform conversion services from „ETH1“ to „ETH2“. Those who decide to stack their tokens will receive a Staking Reward as usual. Unlike the already existing Ethereum network, Eth2 is not a proof-of-work but a proof-of-stake based block chain network. The already established Ethereum block chain will always run in parallel with the new proof-of-stake based „beacon chain“.

While ETH2 tokens will remain in the chain, Coinbase will also enable trading between ETH2, ETH and all other supported currencies and provide liquidity to our customers. We are very excited about this important milestone for ETH2 and the potential that a final rollout of ETH2 has for the entire crypto community.

Simple – Unbeatably cheap – Made in Germany

JustTRADE is the first German provider to offer an all-in-one solution for trading in crypto currencies (Bitcoin, Ethereum, Ripple, …) shares, ETFs and certificates. The website and app are intuitively designed, offer many useful features and are suitable for both beginners and advanced traders. Best of all, there are no transaction costs or network fees.

The blog does not specify an exact date. It says that the necessary legal steps should be completed by early 2021. By upgrading to phase zero of its version 2.0, Ethereum will establish its new proof-of-stake network. Ethereum’s development team claims that the proof-of-stake reduces centralisation risks and is also more secure, for example with regard to 51 per cent attacks.

The reason for this is that ETH-Stakers play a central role in the Beacon Chain. They are rewarded for securing the network and for constant validation. Basically, anyone can become an ETH Staker. However, to do so, it is necessary to deposit 32 ETH on the Beacon Chain or participate in a staking pool. A random generator is then used to select from the approved certifiers.

Last week the start of phase 0 of Eth2 was announced. As of today, 878,561 ETH have already been deposited on the Beacon Chain, which is proof of the popularity of staking. There is only one catch: the stakers will only be able to transfer their share after the introduction of phase 1. How long this will take is currently completely open. Several companies, including Darma Capital, plan to offer art staking as a service. This would also allow users to access their capital earlier.

Spiele der Thronschauspielerin Maisie Williams erwägt, eine Bitcoinerin zu werden

Die englische Schauspielerin Maisie Williams, die die Figur Arya Stark in der amerikanischen Fantasy-Drama-Fernsehserie Game of Thrones (GOT) spielte, hat enthüllt, dass sie erwägt, eine Bitcoiner zu werden.

Außerdem ist Williams eine Internet-Unternehmerin, die „gemeinsam die Social-Media-Plattform Daisie entwickelt und mit ins Leben gerufen hat, eine multimediale Networking-Anwendung, die als alternatives Mittel konzipiert wurde, um Künstlern und Schöpfern (vor allem denen, die versuchen, den Einstieg ins Berufsleben zu finden) in ihrer Karriere zu helfen“.

Im Jahr 2017 stieg sie ins technische Unternehmertum ein, indem sie zusammen mit dem Filmproduzenten Dom Santry ein Unternehmen namens Daisie gründete, dessen Zweck es ist, „Schöpfer zusammenzubringen und sie dabei zu unterstützen, erstaunliche Arbeit zu leisten“. Daisie nennt sich selbst „die Spielwiese für kreative Zusammenarbeit“.

Barry Silbert, der Gründer und CEO der Inkubator- und Krypto-Venture-Capital-Firma Digital Currency Group (DCG), schlug Williams vor, Bitcoin Circuit vielleicht über die DCG-Tochtergesellschaft Grayscale Investments zu kaufen, die ein Investmentprodukt mit einem einzigen Vermögenswert namens Grayscale Bitcoin Trust anbietet.

Laut einem Bericht von TechCrunch gab das Unternehmen dann am 31. Januar 2018 bekannt, dass die mobile Anwendung Daisie im Sommer 2018 auf den Markt kommen wird. Williams sagte damals:

„Ich könnte nicht glücklicher sein über den Wandel, den wir derzeit in der Kreativwirtschaft erleben, und die Bewegung hin zu einer echten Wertschätzung von Frauen“, sagte Maisie Williams in einer Stellungnahme zur Entwicklung der App.

„Ich könnte nicht glücklicher sein über den Wandel, den wir derzeit in der Kreativwirtschaft erleben, und die Bewegung hin zu einer echten Wertschätzung der Frauen…

„Ich möchte, dass Daisie anderen Kreativen die Möglichkeiten bietet, die ich zu Beginn meiner Karriere mit viel Glück erhalten habe. Daisie wird die archaische Kluft zwischen der Jugend und kreativen Berufen aufbrechen; sie wird neue Möglichkeiten für Einzelpersonen bieten, zusammenzuarbeiten, zu lernen und zu kreieren – und damit einen neuen Weg für talentierte Personen schaffen, entdeckt und angestellt zu werden.

Die Social-Media-Plattform (die sowohl im Internet als auch als mobile App zur Verfügung steht) wurde am 8. Mai 2019 offiziell der Öffentlichkeit vorgestellt.

ENDLICH IST SIE DA!!! Ich bin so stolz darauf zu verkünden, dass Daisie nun allen Schöpfern überall zugänglich ist. Sie brauchen nicht einmal eine App – gehen Sie einfach auf https://t.co/pj4Sm9rQqE.

Vielen Dank an alle, die das möglich gemacht haben!

– Maisie Williams (@Maisie_Williams) 8. Mai 2019

Nun, gestern führte Williams eine Twitter-Umfrage durch, in der sie ihre 2,7 Millionen Follower fragte, ob sie Bitcoiner werden sollte:

Soll ich lange bei Bitcoin bleiben?
– Maisie Williams (@Maisie_Williams) 16. November 2020

Hier war die Antwort von Tesla-CEO Elon Musk:

Werfen Sie eine Bitmünze zu ur Witcher
– Elon Moschus (@elonmusk) 16. November 2020

Sie sollten sich @Grayscale (das andere) ansehen
– Barry Silbert (@BarrySilbert) 16. November 2020

Der milliardenschwere Investor Mike Novogratz, der Gründer und CEO von Galaxy Digital, sagte ihr, dass sie Bitcoin kaufen solle, da der Preis zunächst auf 20.000 $ und später auf 65.000 $ ansteige.

Ich habe gestern Abend um 15800 $BTC mehr gekauft. Der Preis geht auf 20.000 und die. Auf 65.000. Der Netzwerkeffekt hat überhand genommen. Ich sehe tonnenweise neue Käufer, und das Angebot ist sehr gering. Es ist ein einfacherer Handel hier, dass bei 11.000. Also JA, kaufen Sie es.
– Mike Novogratz (@novogratz) 17. November 2020

Zum Zeitpunkt der Abfassung dieses Artikels (17. November, 08:10 UTC) hatte die Abstimmung 696.462 Stimmen, und es sind noch 11 Stunden übrig.

Bitcoin targets $ 17,000 after highest close of 2020

Bitcoin hit its highest daily close of 2020.

BTC appears to be on the verge of breaking past an ascending triangle pattern.

There is resistance near $ 17,200.

On November 11, Bitcoin (BTC) closed the day at $ 15,707, which is its highest daily close level in 2020.

The price is currently looking to break through an ascending triangle. It is expected to be successful which could push BTC up to the next resistance at $ 17,000.

Bitcoin hits 2020 high daily close

On November 12, Bitcoin’s price resumed its upward movement and hit a high of $ 15,991.

Even though BTC then fell back to $ 15,707, leaving a higher wick in its wake, it still closed on November 6 at a level above the previous 2020 high of $ 15,610.

Profit Secret continued its ascent on November 12, and is currently trading just above $ 15,900.

The shorter-term six-hour chart shows price is on the way to breaching the horizontal resistance at $ 15,800, as well as an ascending triangle within which it has been moving since November 3.

Technical indicators are bullish, knowing that the RSI is above 50. In addition, the MACD line is above 0, and its histogram is about to turn positive.

If the price exceeds the triangle, to its full height, it would push BTC up to $ 17,200

The one hour chart shows the considerable buy strength, visible in the long lower wick price created as soon as it hit the old resistance at $ 15,500. This area is now converted to support.

BTC’s weekly timescale shows price is approaching a long-term resistance zone, between $ 16,130 and $ 17,257.

This area was first horizontal resistance in January 2018, and corresponds to the fibonacci levels 0.786 to 0.854 of all the bearish movement that has taken place since.

BTC is very close to first resistance and its technical indicators are bullish. This suggests that price will be looking to move up towards the resistance area of ​​$ 17,257.

The effects of halving on the price of Bitcoin

What have been the effects of halving on Bitcoin’s price?

In Bitcoin’s history, we had 3 halvings. When Bitcoin Mining (BTC) was launched, the miners received 50 BTC by successfully mining a block. In 2012 this reward was reduced to 25 BTC, in 2016 it was reduced to 12.5 BTC, and now in 2020 it’s 6.25 BTC, after the third halving. In short, Bitcoin mining is more difficult and more expensive.

Each halving has definitely had an impact on the price, but never in the short term and this time it’s no different. Six months after the third halving, which took place in May, it hasn’t yet been possible to measure the direct effects on the price of Bitcoin, resulting from cutting emissions, creating a scarcity based on a mathematical concept that simulates the scarcity of gold. Why haven’t we seen the effects of the halving on the price of Bitcoin yet?

After the first halving, the price increased from $12 in November 2012 to a high of $1,100 in November 2013 (12 months later). Similarly, the second halving increased sharply 11 months later, from $650 in July 2016 to over $2,500 in May 2017. The most direct interpretation of this is that the halving introduces a restriction of supply, driving demand, always between 200 days and 16 months.

The concept behind this phenomenon is known as Expansion Cycles, where the statistical model known as Stock-to-flow, a concept created by the analyst popularly known as PlanB.  For PlanB, the next Expansion Cycle will take Bitcoin to $55,000.

PlanB’s $55,000 forecast, based on Stock-to-Flow, is based on the relationship between scarcity, current supply, and the amount of new issuance of an asset to determine the impact on price. This same model recorded the peak of $20,000 reached by Bitcoin at the end of 2017, approximately one year after the previous reduction by half.

Increasing the hash rate as a thermometer

Although miners receive fewer Bitcoins after each halving, according to PlanB, the Bitcoin hashrate (the technical term used to measure the computing power of the Bitcoin logical network) has skyrocketed by more than 6,800%. Despite the growing fears of some that the miners might capitulate, they were constantly putting more computing power into maintaining the network.

The hash rate reached an impressive 150 exahashes after 11 years. To understand this, 1 exahash is equal to 1 million times 1 terahash. This computing power, concentrated in Bitcoin mining, makes your network impregnable to any DDOS attack, for example. The Bitcoin network has been running uninterrupted for 11 years without ever being paralyzed by any event.

Raoul Pal: A ‚huge pile of money‘ will make Bitcoin worth $1 million by 2025

What is the effect of this on the price? The price of Bitcoin is intrinsically related to the difficulty of its exploitation, that is, the more difficult it is to extract it, the more expensive it is to extract it and this cost tends to be passed on to the final price. In a simple equation between production, supply and demand.