Altcoins

Cryptocurrencies will remain on the market, they are the new gold

“Cryptocurrencies came out of nowhere and dominated,” David Rubenstein told CNBC Cryptocurrencies will remain in the financial market for a long time, is the new gold, according to legendary investor David Rubenstein. Although he has never bought cryptocurrencies, he has invested hundreds of thousands of dollars in companies affiliated with them. As he told CNBC, cryptocurrencies will remain on the market for years to come, so such investments are perfectly acceptable. “Cryptocurrencies came out of nowhere and dominated. I think this status is not going to change. “It’s not a realistic position that the government can stop the expansion of…

Goldman Sachs: What do cryptocurrencies have and do they attract investment interest? – Ethereum will surpass Bitcoin

In a lengthy report, US investment bank Goldman Sachs outlined some of its positions on cryptocurrencies and how Ethereum will surpass Bitcoin. What do cryptocurrencies have and do they arouse investment interest? Why will Ethereum surpass Bitcoin? These issues are analyzed in a 40-page report by Goldman Sachs, the American investment bank. Note that the total capitalization of cryptocurrencies on May 24, 2021 was 1.42 trillion. dollars with Bitcoin at $ 35,500 or $ 660 billion total value and Ethereum at $ 2,200 with a total value of $ 248 billion. In total there are over 5,200 different cryptocurrencies but…

Which hedge funds giants enter the cryptocurrency market

“King is dead, long live the king,” cryptocurrency users, investors and “lovers” shout after the betrayal of Tesla founder Elon Musk, who backed away from accepting Bitcoin as a trading medium, citing the high environmental costs that govern it. The consequences of the Musk decision are well known, with the cryptocurrency market slipping to such an extent that $ 325 billion was wiped off the market in three to four hours. However, for cryptocurrencies, it all starts now, as, according to information, three hedge funds – colossi Millennium Management, Point 72 Asset Management and Matrix Capital Management are planning a…

Can Ethereum With a Capitalization of 458 Billion Exceed Bitcoin 915 Billion – Some Consider It Possible

If the value of Ethereum reaches $ 8,000 then its total capitalization will be the same as that of Bitcoin Ethereum has grown by more than 400% since the beginning of 2021 and some already claim that Bitcoin could be capitalized. $ 3,940 worth of Ethereum has a total market capitalization of $ 458 billion and $ 48,750 worth of Bitcoin has a total market capitalization of $ 915 billion. For the record, the total capitalization of all cryptocurrencies is 2.28 trillion. dollars Ethereum reached $ 4,063, recording gains of about 450% for 2021 … so far. With a market…

Bloomberg: Cryptocurrencies will replace gold

Despite rising metal prices, cryptocurrencies and, above all, Bitcoin are increasingly approaching its value. With the capitalization of the most popular cryptocurrency exceeding 1.47 trillion dollars. and with inflationary pressures intensifying in the US, now hovering above 2%, both crypto and gold, as safe havens for investment, are likely to show further upward trends. But despite the upward trend in precious metals in general, Bloomberg reports that the rise of gold is “indifferent”. “At the moment I do not see any interest in the gold market. It is stuck and I think it will soon be replaced by digital gold,…

Luxemburg will become a center for the development of blockchain and cryptocurrencies

Luxembourg will cultivate the conditions for the development and establishment of a blockchain network for cryptocurrencies, as the authorities consider it to be a promising industry. According to Luxembourg Prime Minister Xavier Bettel, the government will continue to “pave the way” for the development of innovative technologies, with the hope that the country will become a leader in digital currencies. In fact, Bettel joked that he could create his own collection (NFT) to “make a lot of money in a very short time.” Bettel has been Prime Minister of Luxembourg since 2013. He is not a technician or programmer, but…

21% of Muscovites think crypto and digital currencies will replace fiat in 10 years

New research from one of the top 10 major banks in Russia, Otkritie Bank, has found that 14% of Russians think crypto will replace fiat in 10 years. According to Russian publication Nord News, the survey was conducted between April 12 and April 16, with a sample base of 1,000 Russians aged between 18 and 65 who live in cities with a population of over 100,000. The results varied among regions, with respondents from the Northwest having the least faith in crypto — just 8% believe crypto will oust fiat in a decade, while 34% adamantly refuse to believe that crypto could…

Digital euro, Ensuring privacy citizens and markets demand

The results of the public consultation on the planned “digital euro” were announced by the European Central Bank, which show that citizens and professionals prioritize the secrecy of transactions. The ECB will take into account the results of the consultation in its decision in mid-2021 on the formal launch of the initiative leading to the new digital currency. China recently unveiled the digital version of the yuan, and plans to introduce digital currencies are being considered in Sweden and Japan. Unlike cryptocurrencies such as bitcoin, which are not controlled by banks or other central institutions, the digital euro will be…

China declares war on the dollar

The central bank is already piloting the digital yuan, which is available in cyberspace, in mobile applications, as well as plastic cards. The goal is to expand its use throughout the economy. Cryptocurrencies, with Bitcoin first and foremost, do not just represent a relatively new method of “gambling” in the markets. With their entry into the real economy, especially after Tesla’s decision to allow payment for its vehicle sales to be made in Bitcoin and the many branded and global companies that are expected to follow, they also acquire exchange value. Thus, they now move to another track and threaten…

It exceeded 2 trillion. the market value of cryptocurrencies

The total capitalization for bitcoin amounted to 1.1 trillion. while the value of Ether exceeded $ 2,000. The landmark of 2 trillion. The cryptocurrency market crashed, according to data from CoinGecko and Blockfolio, thanks to the recent rally in prices, according to data cited in a Reuters article on Monday, April 5, 2021. The value of the cryptocurrency market reached 2.02 trillion. dollars, with the bitcoin equivalent jumping to $ 1.1 trillion. The most famous cryptocurrency strengthened today by 1.4% to $ 59,025. Over Google At the beginning of February, the value of the cryptocurrency market had for the first…