Das in Hongkong ansässige multinationale Finanzdienstleistungsunternehmen Greenpro Capital Corp. (NASDAQ: GRNQ) hat angekündigt, in Bitcoin zu investieren.
Laut der Pressemitteilung von Greenpro Capital hat „die anhaltende Masseneinführung von BTC durch Banken, Hedgefonds, Versicherungsunternehmen und Institutionen“ die Überzeugung gestärkt, dass die Flaggschiff-Kryptowährung der Welt ein „zuverlässiger“ Wertspeicher ist.
Das Unternehmen erwartet, dass Bitcoin und bestimmte andere Top-Kryptoassets (wie Ether) bessere Renditen erzielen als Bargeld
Deshalb möchte Greenpro Capital in Bitcoin Revolution investieren. Dies ist auf zwei Arten geplant: (i) durch Verwendung des eigenen Bargeldes zum Kauf von BTC; und (ii) durch Aufnahme von Schulden in Höhe von bis zu 100 Mio. USD, um noch mehr Geld in Bitcoin stecken zu können.
Dr. CK Lee, der CEO von Greenpro Capital, sagte Folgendes:
„Wir glauben fest an $ BTC als Wertspeicher. Ich habe unsere Investmentbanker angewiesen, im ersten Quartal 2021 Schulden in Höhe von bis zu 100 Millionen US-Dollar aufzunehmen, um in BTC zu investieren. Das Unternehmen wird auch sein eigenes Geld in BTC investieren. “
Greenpro Capital wird die Krypto-Börse CryptoSX , eine seiner Tochtergesellschaften, nutzen, um Bitcoin zu kaufen.
Am 11. Dezember gab ein anderes an der Nasdaq notiertes Unternehmen, MicroStrategy, eine Pressemitteilung heraus, in der es den Abschluss seines zuvor angekündigten Angebots von 0,750% wandelbaren vorrangigen Schuldverschreibungen mit Fälligkeit 2025 ankündigte Das Angebot belief sich auf 650 Millionen US-Dollar. “
The US Securities and Exchange Commission is about to sue Ripple for allegedly selling XRP as an unregistered security.
The case is still causing a stir within the crypto community – and now various executives have commented on the situation.
Does the case have any impact on the entire industry?
IOHK CEO Charles Hoskinson believes the impending lawsuit could have repercussions for the entire crypto industry. Hoskinson in a video :
„The reason this is a big deal for the industry as a whole is that it can have a profound impact on how the SEC sees in the future whether something is a security or not …“
According to Hoskinson, this may shift the burden of due diligence onto the exchanges. As a result, the crypto exchanges could become more cautious when it comes to listing new tokens or evaluating existing portfolios more carefully. Hoskinson:
“So it is by no means a small event. This is probably the biggest regulatory event in our industry’s history. It will have a lot of impact on the future. “
Hoskinson is not the only one who is critical of the incident. Messari CEO Ryan Selkis, long-time critic of Ripple and Ripple’s XRP, suddenly takes Ripple’s side.
Selkis believes the case could make it clear that the SEC’s Howey test is severely out of date in the digital age. Howey’s test is used to determine whether an asset is a security
“The SEC restrictions on unaccredited investors, the ridiculous Howey Test, and 80 year old securities laws like the ’40 Act ‚are all bound to die in the fire. They are un-American and completely out of date. I hope Ripple wins … “
Selkis believes that it is up to industry to control itself and have the moral upper hand. It is important that Ripple wins the case – for the benefit of other projects and companies in this area.
“We’re ‚in here together‘ to draw a line on the regulatory demarcation. XRP as a ’security‘ continues to hurt US companies, while global competitors will continue to do these markets. „
Ripple’s XRP as a security would also mean that other assets will suffer the same fate. Selkis:
„At least Ripple has money to fight … [the SEC] could force a settlement, but they are legally inferior. Recall that Ripple sued former SEC chairwoman Mary Jo White in 2018 on a civil matter. A reference to your money. “
Selkis is convinced that Ripple can win this case.
SEC intends to prosecute Ripple for illegal sales of XRP
Ripple CEO Brad Garlinghouse expects the U.S. Securities and Exchange Commission (SEC) to take the company to court soon. The effect of this announcement is already being felt on XRP, which is falling sharply.
Ripple’s a tough nut to crack. The Securities and Exchange Commission (SEC), the leading financial services regulator in the United States, is taking a hard look at the company and its cryptomony, XRP.
Ripple CEO Brad Garlinghouse recently spoke to Bitcoin Evolution magazine on the subject. He revealed in full transparency that the SEC would be about to sue Ripple issuing XRP as an unregistered security.
The lawsuit is expected to be filed shortly, without a specific date having been disclosed. Brad Garlinghouse and Chris Larsen (co-founder of Ripple) will be named as defendants. For Brad Garlinghouse, SEC Chairman Jay Clayton „has shamefully decided to sue Ripple, leaving the legal work to the next Chairman. »
Jay Clayton has announced that he will be stepping down at the end of the year, six months before the official end of his term. This attack on Ripple would therefore be the last of his entire presidency, launched a few days before he stepped down:
„Today, the SEC has decided to attack [the industry] of cryptography. SEC Chairman Jay Clayton – in his final act – is picking winners and trying to limit American innovation to the BTC and ETH,“ he added.
Ripple has placed the majority of its XRP holdings in escrow in 2017 and regularly sells portions of those funds to institutional investors and on trading platforms. The SEC does not like this particular feature.
However, Ripple maintains that XRP remains independent of its business. As investors in XRP are not shareholders of Ripple, the XRP should not be considered a security, according to Ripple.
A battle begins between Ripple and the SEC
Of course, Ripple does not intend to stop there and intends to defend himself. In particular, Brad Garlinghouse argues that the SEC is wrong:
„The SEC is fundamentally wrong, in law and in fact. XRP is a currency, and does not need to be registered as an investment contract. In fact, the Department of Justice and the Treasury’s FinCEN have already determined that the XRP is a virtual currency in 2015 and other G20 regulators have done the same. No other country has classified the XRP as a security,“ he points out.
Ripple’s CEO also spoke on Twitter, saying the company was ready for this battle against the regulator:
„The SEC – out of step with the other G20 countries and the rest of the US government – should not be allowed to choose what innovation looks like (especially when its decision directly benefits China). Make no mistake, we are ready to fight and win – this battle is just beginning. »
As an immediate effect of this announcement, the price of XRP fell by almost -15%, from $0.53 to $0.45. At the time of writing this article, this is the largest drop for a major altcoin in the last 24 hours.
Now that the SEC has Ripple in its sights, it’s hard to imagine how the company could get away without damage. The XRP is already taking a hit, and its downfall could continue as the case progresses.
The price of Bitcoin may have peaked several years ago, but many key factors indicate that even better days are ahead.
The end of 2020 has been triggering subreddits and feeds focused on the cryptosystems of Bitcoin hodlers as the appetite for digital ingots reaches an all-time high.
The explosion has been accelerated by PayPal’s adoption of the network, along with the much sought-after seal of approval from respected figures such as Michael Saylor, Jack Dorsey and Paul Tudor Jones.
Jim Cramer bought Bitcoin Storm when the price was „far from the maximum“ at $17,000
The corresponding price appreciation and widespread awareness of people like Maisie Williams and the more recent institutional purchase of MassMutual continue to drive price and sentiment around Bitcoin (BTC).
The tide continues to rise as the dynamics of working from home drives the digital transformation, and it increasingly looks like 2021 will be an action-packed year for the next chapter in the evolution of the Bitcoin network.
Let’s take a look at some of the key areas we need to pay attention to in 2021.
Bitcoin mining valuation and gold comparison
Bitcoin mining has many fundamental similarities to gold mining; however, there are key differences to explore in the complex task of valuing the operations of Bitcoin miners. We’ll focus on Riot Blockchain as an example, who’s a Bitcoin miner from the U.S. based in Colorado.
The Winklevoss Twins: Bitcoin Market Capitalization to Surpass Gold
Riot began mining in 2017 and has recently published plans to increase its hash rate with a delivery of mining hardware scheduled for this spring of 2021. Currently, Riot has a hash rate of 1.5 exahashes per second, which represents approximately 1.11% of the total Bitcoin network hash rate of 135 EH/s.
The company mined 224 BTC, according to its third-quarter earnings released on November 9, which are at the $4.1 million in revenue baseball stadium at $18,500 per BTC.
Given the above figures, investors will ask: How can a company justify a market capitalization of $670 million with only $8 million in revenue and massive operating costs (electricity)?
Even with more than 1,000 BTCs listed on its balance sheet, which is $18.5 million at the current BTC price, the valuation is stretched thin, to say the least.
From Mom’s House to Headquarters: Bitcoin Mining is Going Industrial
This is where two considerations come into play that could justify a much higher market capitalization of Riot along with other cryptomakers, assuming that the network goes deeper into a bull market.
The expectation of future price appreciation
You don’t need to dig deep before you find a wide range of optimistic goals for Bitcoin pricing within a year. The range extends from Mike Novogratz’s estimate of $65,000 to PlanB’s $288,000 for the popular stock-to-flow model.
Meanwhile, CitiBank has recently stated USD 318,000; the Winklevoss twins have suggested USD 500,000 and Ark Investment’s CEO, Catherine Wood, seems to agree with the latter.
These target prices are the reason why the miners have held out during the 2018 downward cycle and operated at a loss at times. They expect the network to continue to exist for the foreseeable future. The miners also know that there’s the power to serve as validators of network transactions, and the continued increase in the network’s hash rate shows that Bitcoin is becoming safer and more competitive with each passing day.
Those miserable 224 BTCs that Riot undermined in Q3 would expand their revenue stream to a greater and more ambiguous number if the upper limit of Bitcoin’s price isn’t defined. This means that Riot’s profit estimate wouldn’t be consolidated if BTC experiences another parabolic surge, even if the current valuation doesn’t make sense for the „high cost“ of mining a Bitcoin and the amount of BTC mined.
Lack of mining hardware
The worrying aspects of getting behind a Bitcoin miner are the low barrier of entry and the highly efficient and competitive test network that Michael Saylor described as a nest of „cyber hornets.
The $2.3 billion in Bitcoin withdrawn from the exchanges dwarfs the amount of new BTC mined
Ifølge de fleste analytikere fortsætter Bitcoin med at styrke sin position som et potentielt redskab til at afdække ens formue. Verdens største kryptokurrency efter markedsværdi fik dette nyfundne ry i løbet af de tidlige dage af COVID-pandemien, og det ser ikke ud til at give op når som helst snart.
Bitcoin har en hævende anseelse
Ideen er opstået i de seneste måneder, at bitcoin på en eller anden måde er sikrere og mere stabil, endda end aktiver som guld, og langt stærkere end den amerikanske dollar, som angiveligt bliver svagere takket være stigende inflation. Kryptovalutaen betragtes som et produkt, der potentielt holder ens penge stabile i tider med økonomisk strid.
Indtil videre er valutaen steget med mere end 150 procent kun de sidste par måneder. Dette sker, ligesom analytikere mener, at den amerikanske dollar kan falde så meget som 20 procent næste år, når økonomien kommer sig efter pandemien. Jeffrey Halley – en senior markedsanalytiker hos OANDA Asia Pacific Pte – forklarede i et nylig interview:
Bitcoin ser ud til at være den valgte sikring mod den amerikanske dollarafbrydelse, der er truende, enten gennem mere Federal Reserve kvantitativ lempelse, højere statsgæld eller en stigende rentekurve – eller alle tre.
Da den primære kryptovalutas omdømme fortsat vokser, er prisen steget op sammen med den. I skrivende stund handler bitcoin for lige under $ 18.000, det højeste, det har været i tre år. Mange analytikere mener, at valutaen potentielt kan ramme nye højder i 2021. Mike Novogratz, en milliardærinvestor og tidligere hedgefondforvalter, er en af dem. I tale med CNBC hævdede Novogratz for nylig, at aktivet kunne ramme $ 65.000 næste år.
Andre analytikere – som Chris Weston, forskningsleder hos Pepperstone Financial Pty – føler, at bitcoins evne til at hjælpe ens portefølje ikke spiller en så stor rolle, som nogle måske tror. Han mener snarere, at dette er et godt gammeldags tilfælde af FOMO eller frygt for at gå glip af.
Mere legitimitet for mønten
Faktum er, at mange store virksomheder, såsom MicroStrategy og Square, har befæstet deres positioner på bitcoin og købt enorme mængder af det digitale aktiv. Dette, siger han, har arbejdet for at legitimere bitcoin noget, og nu er folk mere ivrige end nogensinde til at få fingrene på det. Han kommenterede for nylig:
Det faktum, at så mange store hitters offentligt erklærer deres holdning, hjælper klart. Jeg kan ikke se dette skridt som en mani eller grovt over-elsket endnu.
Bitcoin har fortsat med at bevæge sig siden marts, mens guld i sidste ende toppede i august sidste år og siden er faldet med mere end ni procent. Nogle virksomheder tager dette som et tegn på, at ædle metaller sandsynligvis vil lide yderligere. Morgan Stanley forudsagde oprindeligt en pris på omkring $ 1.950 for guld i 2021, men er siden gået tilbage til ca. $ 1.825.
Alex Gladstein de la Fundación de Derechos Humanos sugirió que Bitcoin puede empujar hacia atrás contra el capitalismo de vigilancia y los sistemas de crédito social.
Alex Gladstein de la Fundación de Derechos Humanos hizo una presentación sobre Bitcoin
Durante la transmisión inicial de hoy de la Conferencia Latinoamericana de Bitcoin y Cadena de Bloqueo 2020, que se extiende hasta el viernes, el Director de Estrategia de la Fundación de Derechos Humanos Alex Gladstein argumentó que Ethereum Code sirve un propósito crítico como „sistema de defensa humanitaria“.
La presentación de Gladstein se centró en los estados de vigilancia en todo el mundo y en cómo la gente a menudo se aleja con gusto de su privacidad digital por conveniencia. „Muchas veces, te lo haces a ti mismo“, dijo, en lugar de ser forzado por un gobierno, pero está alimentando el capitalismo de la vigilancia.
„En realidad, lo que se hace con gusto es este intercambio, en el que se renuncia a parte de la privacidad y la libertad por conveniencia, rapidez y comodidad“, explicó. „Es un compromiso que creo que Bitcoin puede combatir“.
Gladstein habló del sistema de crédito social de China, la hiperinflación de Venezuela, y más
Gladstein señaló el inmenso crecimiento del estado de vigilancia de China y su „sistema de crédito social“ basado en la reputación, que está cobrando vida gradualmente. Por ejemplo, señaló que se espera que China tenga 500 millones de cámaras de vigilancia en vivo para 2021 para vigilar a una población de alrededor de 1.400 millones de personas. „Tienen este sentido de omnisciencia que haría sonrojar a Orwell“, dijo Gladstein.
Un sistema así prospera con el tipo de datos que la gente proporciona cada vez que utiliza dinero digital y servicios financieros. En China, eso incluye el uso de la popular aplicación de mensajería WeChat para todo tipo de compras y servicios bancarios. La desventaja de la conveniencia, en este caso, es el impacto potencial que una mala calificación crediticia social podría tener en cosas que van desde asegurar un préstamo hasta lograr que su hijo ingrese a ciertas escuelas, o incluso que se le nieguen los derechos en base a sus antecedentes, creencias o comportamiento.
„Lo que el gobierno quiere hacer es crear lo que llaman una sociedad armoniosa, pero la realidad es que no existe tal cosa como una sociedad armoniosa“, explicó Gladstein, señalando los informes generalizados de que al menos un millón de uigures, una minoría étnica, han sido forzados a entrar en campos de prisioneros en China. „Cuando intentan suavizar todo y hacer que todo parezca perfecto, lo que realmente hacen es aplastar a mucha gente por debajo“.
¿Cómo juega Bitcoin un papel, entonces? Gladstein cree que una parte clave en la ralentización de la creciente centralización de datos es evitar los métodos de pago que se repiten en terceros, como las tarjetas de crédito y las típicas plataformas de pagos móviles. Con dinero en efectivo o monedas, los comerciantes no saben nada de usted, y eso funcionó bien en el pasado, pero el mundo está cambiando rápidamente y el uso de efectivo ha disminuido significativamente.
„¿Podríamos tener un tipo diferente de sociedad sin dinero en efectivo? ¿Es posible un sistema financiero descentralizado sin terceras partes y autoridades de control?“ dijo, girando a Bitcoin. „En este sistema de dinero electrónico de igual a igual, tenemos nuestro sistema de defensa. Tenemos nuestra manera de defender a la humanidad“.
Gladstein sugirió que en el futuro, los historiadores considerarán la descentralización del dinero de Bitcoin tan importante como la descentralización del gobierno en la democracia y la descentralización de la información en Internet. Bitcoin no puede ser censurado, fácilmente vigilado en masa, devaluado, monopolizado por las corporaciones, o detenido en las fronteras, añadió.
„No importa si eres un multimillonario o una de estas corporaciones que está comprando una tonelada de Bitcoin ahora mismo, no pueden cambiar las reglas“, dijo. „No pueden evitar que use Bitcoin. No pueden evitar que uses Bitcoin“. Así que esta red monetaria es, creo, un sistema de defensa humanitaria de muchas maneras diferentes“.
La presentación de Gladstein durante la Conferencia Latinoamericana de Bitcoin y Cadenas de Bloqueo de hoy está disponible para su transmisión en YouTube.
