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CryptoNews by NordFX

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Stan NordFX:

CryptoNews




- The capitalization of bitcoin for the first time exceeded $1 trillion in mid-February. And, although many analysts doubt the continued growth, ARK Invest CEO Catherine Wood believes that the first trillion in the capitalization of the first cryptocurrency is only the first step.
“If we calculate the potential demand for bitcoin, given the limited supply of coins, we get huge numbers in the long run. Now is just the beginning, and the capitalization of $1 trillion is nothing compared to the indicators of the future, "- said the CEO of ARK Invest at a conference held by the Chicago Board Options Exchange.
The demand for bitcoin from institutional investors who are trying to hedge inflation risks with cryptocurrencies has become one of the most important things. At the same time, they buy bitcoin for a very long time and increase the number of coins withdrawn from circulation.
“We see Square, Tesla, MicroStrategy and others buying bitcoin. Cryptocurrencies dominate the business of these companies now. And the announcement of the sale of Tesla for BTC will allow you to do business in any region without wasting time and money on exchanging fiat currencies." So, the current position is only the beginning of a bullish cycle, Catherine Wood emphasized.

- The PayPal payment system is going to provide its customers with the opportunity to pay in bitcoins in all stores that are partners of the company in the near future. We are talking about approximately 29 million retail outlets around the world. According to Reuters, in addition to the main cryptocurrency, PayPal also plans to introduce support for payments in Bitcoin Cash, Ethereum and Litecoin. Reuters noted that it is not about direct payment of goods and services with the help of bitcoin and other cryptocurrencies. All assets will be automatically converted to fiat in real time. This will make the option available in all countries where PayPal operates.
It will also be possible to transfer funds in real time to debit or credit cards. PayPal CEO Dan Shulman noted that there will be no fees for cryptocurrency transactions.

- Miami Mayor Francis Suarez wants to make the city the hub of bitcoin mining. According to him, 90% of miners extract the first cryptocurrency using "dirty energy" outside the United States. “This is the reason why bitcoin mining is considered a dirty business,” said Suarez.
According to him, the United States is ready to provide large bitcoin miners with access to renewable energy sources. He is confident that America should mine more digital gold, including for reasons of national security and environmental protection. “We have nuclear, which means clean energy, which is practically unlimited,” added Suarez.
According to the bitcoin energy consumption index Digiconomist, the indicator renewed its all-time high on March 28: the annual consumption reached 89.9 TWh.

- Enthusiasts used the Game Boy handheld gaming system to mine cryptocurrency. A video about this was released on a YouTube channel. Only the 4 MHz Sharp processor installed in this game console was used directly for mining. The system issued a 0.8 H/s hashrate. However, the result is not very encouraging: with a bitcoin rate of about $55,000, it will take 50 thousand years to mine $1.

- Latvian airBaltic was the first airline in the world to add bitcoin as a way to pay for its flights. According to the company, about 1000 customers have used this option since its integration. And now airBaltic has added the ability to buy tickets with Ethereum, Dogecoin, Bitcoin Cash, USD Coin, Binance Dollar, Gemini Dollar and Paxos. Airline prices are denominated in euros. The BitPay payment service automatically converts cryptocurrencies into fiat upon purchase.

- Popular cryptocurrency analyst Willy Woo said that we will see the final stage of the explosive growth of the first cryptocurrency this year, which will be the last for a three-year "bullish cycle". Now the bitcoin rate is at a local bottom and there is no point in selling your BTC reserves. On the contrary, this is a good time to develop the position.
“You have to be crazy to sell right now. At the bottom, bitcoin is now being bought up in huge volumes,” the analyst noted. In support of his statement that bitcoin is unlikely to decline anytime soon, Woo recalled large-scale transfers of BTC from the [censored] cryptocurrency exchange to cold wallets - this suggests that the "whales" are buying and are waiting for the growth of the first cryptocurrency.

- Canadian mortgage broker Mogo with a capitalization of $435 million has launched a new program: the users will be able to receive cashback up to $2,460 when applying for a mortgage and use it to buy bitcoins. The program works both when applying for a new mortgage, and when refinancing an existing one.
“Given the volatility and speculative nature of bitcoin, more Canadians are looking for an opportunity to participate in BTC trading without investing their own money. Our program is designed for just such customers,” explained David Feller, CEO of Mogo.

- During the current cycle, the price of the cryptocurrency has risen by almost 500% since October and has updated highs above $60,000. Bitcoin rallied during the first two months of 2021 but ran into a hurdle in March. Historical data shows that bitcoin may continue to rise in April after the March rollback.
“The season may be the determining factor. - Danny Scott, head of CoinCorner exchange, said in a conversation with Forbes. - April always stands out because it marks the end of the UK and US tax period. If we start from historical information, April may well end with an upswing."
So, the data shows that bitcoin has risen by an average of 51% in April over the past 10 years. If this scenario is repeated, its price may be around of $80,000 by the end of the month.
There were only two negative months of April: in 2014 (minus 6%) and in 2015 (minus 4%). But both of these times happened on bearish cycles, and therefore it is worth taking into account the "current sentiment in the industry." “Now we are, by and large, experiencing a bullish period, and momentum is consistently forming every week,” said Scott.

- Norwegian billionaire and investor Oystein Stray Spetalen was actively criticizing bitcoin on March 18. “The only conclusion I came to in the course of my analysis is that bitcoin consumes as much electricity today as the whole of Norway. This is extremely harmful to the environment. - he was indignant at the DNB conference. - The authorities and the EU should immediately ban it. This is just nonsense. The existing payment systems are doing an excellent job with their tasks."
And now, just a few days later, Spetalen unexpectedly announced during an interview with Finansavisen that he had become an investor in the Norwegian crypto exchange Miraiex. “When facts change, so do I. I met with the founders of Miraiex and realized I was wrong. And when I read that Kjell Inge Rokke also joined bitcoin, the choice became obvious. I can’t allow him to make money, but me not,” Spetalen said.
For reference: Norwegian industrial tycoon and billionaire Kjell Inge Rokke opened a 500 million kroner ($ 58.6 million) Seetee company to invest in bitcoin in early March.


#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #forex #cryptocurrencies #bitcoin #stock_market

Stan NordFX:

Forex Forecast and Cryptocurrencies Forecast for April 05 - 09, 2021




First, a review of last week’s events:


- EUR/USD. The U.S. economy continues to recover vigorously. This is evidenced by the impressive data from the labor market. Thus, the number of new jobs created outside the agricultural sector (NFP) has almost doubled compared to the previous period (growth from 468K to 916K) and, moreover, has exceeded the forecast (647K) by almost a third. The ISM Manufacturing PMI has risen from 60.8 to 64.7. Also, according to the ADP report, the employment rate in the private sector has increased from 176K to 517K. All this suggests that fiscal stimulation of the economy and the injection of money into it is working. But is it good for the dollar?
Of course, this scheme also includes yields on long-term US government bonds, as well as the prospects for monetary policy for the next few years. Investors are sensitive to statements by Fed Chairman Jerome Powell on the possibility of curtailing the quantitative easing (QE) program and raising the interest rate.
On the one hand, according to the statements of the management, the Federal Reserve System does not intend to raise interest rates until at least 2023. The Fed is not going to change other parameters of the quantitative easing (QE) program either, believing that injecting $1.9 trillion into the economy will be quite enough. But on the other hand, US President Joe Biden presented a massive $2.25 trillion infrastructure spending plan on Wednesday March 31, along with a financing scheme through tax increases. If, indeed, these funds arise not at the expense of the printing press, but at the expense of an increase in the tax load, this will mean the curtailment of QE, and will entail the flow of capital from the stock market to the government bond market.
But while this is all just planning, the market has frozen in anticipation, and the EUR/USD pair has moved into a sideways trend. As predicted by the majority of experts (70%), the dollar continued to strengthen at the beginning of last week, and the pair came close to 1.1700. But then, largely thanks to Biden's new plan, it turned around and went up. However, this rebound can hardly be called a trend change. The pair just returned to where it had been on March 25-30. It completed the trading week in the same zone, at the level of 1.1760;


- GBP/USD. In general, the chart of this pair was similar to the chart of EUR/USD, with only one fundamental difference. If the euro continues to retreat against the dollar, the British pound, albeit with difficulty, is trying to hold the defense. This time, the UK GDP growth for the fourth quarter of 2020 to 1.3%, as well as the revised upward index of business activity came to help it.
Let us remind that, when making a forecast for the previous week, 40% of experts voted for the strengthening of the dollar, 10% for the strengthening of the pound and 50% for the sideways trend. And in general, everyone was right. The pair both fell to 1.3705, and grew to 1.3850, and eventually finished only 40 points above the start. Having started the five-day week at 1.3790, it completed it at 1.3830;


- USD/JPY. Most analysts (60%) had expected this pair to consolidate above the 110.00 horizon. 100% of trend indicators and 75% of oscillators had agreed with this scenario. And it turned out to be absolutely true. The pair has been relentlessly moving north since January 6 and it renewed this year's high on Wednesday March 31, reaching 110.95.  The long-awaited correction to the south did not happen again, and the pair ended the trading session at 110.65;


- cryptocurrencies. Bitcoin is storming the $60,000 threshold again. At the time of writing, the maximum it has reached so far is $60,170. However, as soon as the benchmark cryptocurrency approaches this milestone, another wave of sales follows, causing a pullback. However, these ebbs are not large enough. And this suggests that there are fewer and fewer people willing to part with bitcoin at this level. Investors are waiting for a leap up. And these small corrections just give them the opportunity to replenish their stock of tokens on the pullback.
A huge number of bitcoins are flowing into cold wallets, which indicates that the "whales" institutions are set for the further growth of BTC and see it as an asset for long-term investments. The news background also contributes to this. “We see Square, Tesla, MicroStrategy and others buying bitcoin,” says ARK Invest CEO Catherine Wood. - Now cryptocurrencies determine part of the business of these companies. And the announcement of the sale of Tesla for BTC will allow you to do business in any region without wasting time and money on exchanging fiat currencies." The major payment system, PayPal, has also joined the crypto race. it intends to provide its customers with the opportunity to pay in bitcoins in all stores that are partners of the company, and there are approximately 29 million of them around the world. According to Reuters, in addition to the main cryptocurrency, PayPal also plans to introduce support for payments in Bitcoin Cash, Ethereum and Litecoin.
We can talk about the gradual adoption of cryptocurrencies in various sectors of the economy at the moment. However, large investors are still very worried about the attitude of regulators to this type of assets. And, first and foremost, the US authorities. According to a number of analysts, while bitcoin and the main altcoins act as a store of value and speculation, the American regulator turns a blind eye to it. But as soon as bitcoin begins to compete with the dollar as a means of payment and international payments even a little, the attitude of the authorities can change dramatically. And it is not at all excluded that the initiatives of PayPal and other payment systems will cause a negative reaction from them. An example of this is Facebook's Libra, which was strangled in the bud.
In the meantime, as mentioned, the main cryptocurrency is trying to gain a foothold above $60,000, and the total market capitalization is trying to exceed the most important psychological level of $2.0 trillion. It reached a volume of $1.993 billion on the first day of April, but it rolled back to the level of $1.936 billion on Friday. It is noteworthy that the dominance of bitcoin in the market has slightly decreased over the past 7 days: from 59.56% to 57.88%. Moreover, its share in the crypto market literally fell to 55.50% on April 1. The reason for this is the closure of long positions when the BTC/USD pair reached the horizon of $60,000.
The Crypto Fear & Greed Index has started to rise again. It rose by 20 points over the week, from 54 to 74, and came close to the strongly overbought zone.




As for the forecast for the coming week, summarizing the views of a number of experts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:


- EUR/USD. Europe is preparing for a new wave of coronavirus. The rate of vaccination, although growing, is slow. Only 16.5% of the EU population has received at least one injection so far, compared to 45.6% in the USA. The situation could be aggravated by another month of lockdowns. Coupled with the absence in the EU of a plan to stimulate an economy similar to the American one, it could provide additional support to the dollar and put pressure on the euro.
Analysts from Japanese bank Daiwa Securities note that dollars are now being bought not only by speculators but also by asset managers. And in their opinion, the USD DXY index will go up while the American economy improves and Treasury yields rise. This scenario is also supported by experts from Nordea Markets, according to whom the EUR/USD pair is expected to decline to the level of 1.1500.
On the other hand, excessive US stimulus measures could overheat the US economy. In addition, according to the WTO estimates, the surplus of dollars in the country will lead to an increase in demand for imports by 11.4%. Most of this demand will be met by exports from Asia and Europe. And if the countries of the Eurozone radically accelerate the rate of vaccination, then the preponderance will be on the side of the European currency.
It is clear that graphical analysis, 75% of oscillators and 95% of trend indicators on D1 are still colored red at the moment. However, the remaining 25% of the oscillators are already signaling that the pair is oversold. The picture is completely different On H4: about half of the indicators have switched to green.
As for the opinion of experts, the pair is expected to grow next week by 55% of them, however, when switching to the monthly forecast, their number grows to 65%. The bears' goals are 1.1700 and the low of November 2020 at 1.1600. The goals of the bulls are 1.1885 and 1.2000.
As for the events of the coming week, we can mention the publication of the ISM index of business activity in the services sector on Monday 05 April, the publication of the minutes of the US Fed's FOMS meeting on Wednesday 07 April and a speech of the head of the organization, Jerome Powell, on Thursday 08 April;


- GBP/USD. The British currency may continue to grow, as it did in the first two months of 2021. Especially so if there is a return to the country of major capital that fled from it due to Brexit. The pound is also supported by the successes of the early stages of vaccination against COVID-19. However, this may not be enough due to the problems after the UK exit from the EU, the impressive trade deficit and the country's budget deficit.
However, the majority of experts (65%) are quite optimistic about the future of the British currency at the moment. 15% predict its weakening, and the remaining 20% insist on a sideways trend.
The 1.3850 level can be designated as the support/resistance zone of the last eight weeks. It is the lateral movement along it that graphical analysis draws. On H4, the borders of the trading range look like 1.3755-1.3850. On D1, they are naturally much wider, 1.3670–1.4000.
85% of oscillators and 70% of trend indicators on D1 look north. Also, the green has an advantage among trend indicators on H4: those are 75%. But as for the oscillators, here 60% are painted in neutral gray, and 20% - in red and green;


- USD/JPY. It has been repeatedly written that the rate of this pair is greatly influenced by the yield of US Treasuries. However, the Bank of Japan has not been able to decide how to respond to rising yields on US securities and what to do with its own. If the yield on 10-year US bonds and commodity prices continue to rise, and the Japanese regulator does not respond to this, it could hit the yen hard. And it has already suffered quite tangible losses, having lost more than 800 points to the dollar over the past three months.
Currently 85% of the trend indicators on H4 and 100% on D1 are facing north. 60% of the oscillators on H4 and 65% on D1 are looking in the same direction, the rest signal that the pair is overbought.
And a very interesting and unexpected picture emerged during a survey of analysts. Giving a weekly forecast, 70% of them were in favor of a correction to the south and 30% - for a sideways trend. The number of votes cast for the growth of the pair is 0. Moreover, when switching to a monthly forecast, the number of bears' supporters grows to 90%. The graphical forecast on both timeframes also supports the bearish scenario. Support levels are 110.35, 109.85, 109.00 and 108.50. The nearest resistance level is 111.00, the targets of the bulls are 111.70 and 112.20;


- cryptocurrencies. As has been noted many times, the "whales" store large stocks of bitcoins in cold wallets. According to Glassnode, not only the volume of frozen crypto assets is growing, but also the number of such long-term investors. For example, the Norwegian billionaire Oystein Stray Spetalen changed his attitude towards bitcoin in just one day! Back on March 18, he actively demanded that the EU authorities ban the cryptocurrency. And a day later ... he became an investor in the Norwegian crypto-exchange Miraiex, stating that "when the facts change, I also change." Another Norwegian billionaire, Kjell Inge Rokke, who opened a special company to invest in bitcoin, may have caused this turnaround. "I can’t let him make money, but me not," Spetalen said.
So, will there be an opportunity to make money on bitcoin anytime soon? During the current cycle, the price of the cryptocurrency has risen by almost 500% since October 2020 and has updated highs above $60,000. Bitcoin rallied during the first two months of 2021 but ran into a hurdle in March. However, according to a number of experts, historical data indicate that after the March rollback bitcoin's growth may continue in April. “The season may be the determining factor. - Danny Scott, head of CoinCorner exchange, said in a conversation with Forbes. - April always stands out because it marks the end of the UK and US tax period. If we start from historical information, April may well end with an upswing."
So, the data shows that bitcoin has risen by an average of 51% in April over the past 10 years. If this scenario is repeated, its price may be around of $80,000 by the end of the month. There were only two negative months of April: in 2014 (minus 6%) and in 2015 (minus 4%). But both of these times happened on bearish cycles, and therefore it is worth taking into account the "current sentiment in the industry." “Now we are, by and large, experiencing a bullish period, and momentum is consistently forming every week,” said Scott. If we apply Fibonacci levels to the charts of the BTC/USD pair, then the next targets for it may be the levels of $73,000 and $92,000.
It is appropriate to quote here the opinion of the popular cryptocurrency analyst Willy Woo, who said that we will see the final stage of the explosive growth of the first cryptocurrency rate this year. But it will also be the last one for a three-year bull cycle. Now the bitcoin rate is at a local bottom and there is no point in selling your BTC reserves, Woo thinks. “You have to be crazy to sell right now. At the bottom, bitcoin is now being bought up in huge volumes,” the analyst noted, citing the statistics of the [censored] cryptocurrency exchange as an example. It is surprising that with such optimism of individual crypto enthusiasts, 70% of analysts expect not growth, but, on the contrary, a fall in the BTC/USD pair to the $50,000 mark during April.
And in conclusion of the review, we present you the next "miracle device" in our traditional micro-heading "Crypto Life Hacks". A group of enthusiasts adapted the Game Boy portable game console for cryptocurrency mining. A video about this was released on a YouTube channel. Only its 4 MHz Sharp processor was used directly for mining. However, this invention is unlikely to make the craftsmen millionaires: tests have shown that with a bitcoin rate of about $55,000, they will need 50 thousand years to mine $1.




NordFX Analytical Group




Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.


#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market

Stan NordFX:

March 2021 Results: Three Most Successful NordFX Traders Earned Over $100,000



NordFX Brokerage company has summed up the performance of its clients' trade transactions in March. If earlier traders from China, India, Sri Lanka and Vietnam waged an active struggle for leadership, all three steps of the podium were occupied by representatives of China last month.

The highest monthly profit, $66.377, was received by a client, account No. 1179XXX, mainly on transactions with gold (XAU/USD) and bitcoin (BTC/USD).

The second place in the rating of the most successful traders was taken by the owner of account No.1545XXX, who earned $26,142 on transactions with the main cryptocurrency.

And, finally, in third place is a trader, account No.1530XXX, with a profit of $16.977, among whose main trading instruments are the pairs XAU/USD and GBP/USD.

The passive investment services:
- in CopyTrading, the largest increase of 507% in March was shown by the VN.NO1 signal, however, its maximum drawdown was quite impressive, 63.65%. In the “middle” category, we can note the RED DOG signal: a profit of 34.86% with a drawdown of 23.25%. And, finally, among the most non-aggressive signals, Follow Trend attracts attention, it showed quite a good growth of 15.25% in March with a drawdown of only 4.18%.
- in the PAMM service, one should note the manager under the nickname GoodCandles5000: the growth for the month on his account was 26.77%, the maximum drawdown was 9.88%.

Among the IB partners, NordFX TOP-3 is as follows:
- the largest commission, $12,878, was accrued to a partner from Sri Lanka, account No.1483xxx;
- next is a partner from India, account No.1527xxx, who received $6,593;
- and, finally, a partner from India, account No.1491xxx, who received $4,855 as a reward, closes the top three.


Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.


#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market

Stan NordFX:

CryptoNews




- Attackers demanded 5 BTC (about $275,000), threatening to detonate bombs in two business centers of St. Petersburg, the second largest city in Russia. According to local media reports, the Fort Tower and Renaissance Park business centers received ransom threats by e-mail. However, no explosive devices were found after people were evacuated and buildings were inspected. The police are looking for extortionists.


- Investor and TV star Kevin O'Leary said in a comment to CNBC that he would only buy eco-friendly digital gold. According to him, within a year or two, the crypto community will divide bitcoin into two types: "clean", that is, mined using renewable energy, and "dirty" or "bloody" - mined using "dirty energy."
O'Leary added that environmental concerns were coming to the fore with regard to digital gold. “I don’t buy coins if I don’t know where and when they were mined. Not from China. No “bloody” coins,” the investor said. However, he did not specify where he buys "clean" bitcoin and how he determines its origin.
According to analysts' calculations, the annual emissions into the atmosphere from cryptocurrency mining are about 60 million tons of carbon dioxide. In other words, $1 billion worth of bitcoin mining is equivalent to annual carbon emissions from 1.2 million cars.


- According to CoinDesk, the Sacramento Kings NBA basketball club will provide an opportunity for the team and support staff to get paid in the first cryptocurrency. This was stated by its owner. The club plans to give official confirmation this week. The publication believes that such a move will secure the Kings a status as the most crypto-friendly professional sports team in the United States.


- Experts of the JPMorgan bank called the rate of $130,000 as the long-term goal for the first cryptocurrency, having lowered the bar from $146,000 due to the fall in gold quotes, Business Insider reports.
The bank's analysts made such a forecast based on the calculation of the theoretical capitalization of the first cryptocurrency in the event of an inflow of funds from the gold market, for which the cryptocurrency is becoming a digital alternative. According to JPMorgan, the precious metal has outflowed $20 billion since mid-October, while companies have poured $7 billion in bitcoin.
The long-term target for the cryptocurrency rate is based on the idea that its volatility and the volatility of gold will converge. But the bank recalled that this is a long-term process: the realized three-month asset volatility is 86% and 16%, respectively so far.


- The famous American rapper Snoop Dogg said that he is a big bitcoin supporter. “I believe in bitcoin and the technology that makes global interaction possible,” he said.
The rapper has already become familiar with the volatility of the crypto market and understands that the fall in price does not reflect the initial value of the asset. Price is not the main determinant of the reliability of the leading cryptocurrency for him. “I don't follow the coin rate too much, because I've been on the market for a long time and got used to rate jumps. I am sure that bitcoin is for a long time, ”says Snoop Dogg. “The future is happening right before our eyes. I don't think bitcoin is just a consequence of the pandemic. It only adds fuel to the fire. "


- Many "bitcoin bulls" in the expert environment say that the largest digital currency will be able to bypass gold in terms of capitalization in the future. In this case, the value of all bitcoins should grow 10 times and exceed the $11 trillion mark. The authors of the study conducted by Ark Invest, stress that this could happen over the next few years. "We believe that bitcoin is better than gold and it's safe to say that it will capture gold market share or even more."
Commenting on a recent speech by the US Treasury Secretary in which she criticized bitcoin, Ark Invest experts say Janet Yellen used outdated arguments when she said that criminals were using cryptocurrency for money laundering.


- Billionaire and founder of the crypto bank Galaxy Digital Mike Novogratz agrees with the forecast of Ark Invest. He stated In a comment for CNBC that he was shocked by the pace of digital asset adoption. The investor also admitted his previous forecast of the price of the first cryptocurrency of $60,000 too conservative. “Bitcoin is on the inevitable path to reaching and exceeding the capitalization of gold,” said Novogratz.
According to CompaniesMarketCap, the total market value of gold at the time of writing is $10.8 trillion. According to CoinGecko, the capitalization of the first cryptocurrency is around $1.1 trillion.


- Domain name registrar GoDaddy put up Roger Ver's Bitcoin.com domain for sale for $100 million earlier this week. Upon discovering the ad, the owner said it was “100% fake” and contacted GoDaddy with a demand to remove the domain from sale. And that was done. At the same time, there were no official comments and explanations from GoDaddy representatives.


- Rich Dad Poor Dad author, investor and entrepreneur Robert Kiyosaki has suggested in a recent interview that bitcoin could reach a value of $1.2 million over the next five years. Kiyosaki first bought the cryptocurrency last year when it was trading at $9,000 after the pandemic actually shackled the global economy. “I wish I could buy it for 10 cents, like many people did, but I still look like a genius because today it costs about $55,000. I think that in another five years it will grow to $1.2 million,” the entrepreneur announced.
At the same time, even though Kiyosaki has turned into a defender of bitcoin, he still prefers gold and silver for main investments, explaining this by the fact that the cryptocurrency is outside the regulatory field.


- Large investment bank Morgan Stanley has filed an application with the US Securities and Exchange Commission (SEC), according to which 12 funds of the bank will be able to invest in BTC. Each of the funds indicated in the application will be able to place up to 25% of the capital in the first cryptocurrency. “Certain funds can indirectly invest in bitcoin through fiat-settled bitcoin futures or through investments in the Grayscale Bitcoin Trust (GBTC). The investments will go through a subsidiary registered in the Cayman Islands. At the same time, the fund may not have investments in bitcoin at a certain point,” the application says.


- Billionaire Mark Cuban revealed that he has concentrated 60% of his cryptocurrency investment portfolio in bitcoin, 30% in Ethereum, and 10% in other digital assets. Cuban called bitcoin the best alternative to gold, and Ethereum - the most similar to a real currency. “I wish I had bought Ethereum earlier. I started doing this only four years ago,” added Cuban, and compared the growth of Ethereum to the development of the Internet in the late 90s.
According to him, it is this altcoin that matches his ideas about the correct form of money due to its decentralized economy based on smart contracts.




#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #forex #cryptocurrencies #bitcoin #stock_market

Stan NordFX:

Super Lottery: NordFX Gives Away 100,000 USD to Traders







The $100,000 Super Lottery was launched by the brokerage company NordFX among its clients on April 1. The name speaks for itself: 100 cash prizes of $500, $1,000, $2,500 and a super prize of $ 20,000 will be drawn by the year end.


It is quite easy to take part in the lottery and get a chance to win one or even several of these prizes. It is enough to have a Pro account in NordFX (and for those who do not have it - register and open a new one), top it up with $200 and... just trade.


Having made a trading turnover of only 2 lots in Forex currency pairs or gold (or 4 lots in silver), the trader will automatically receive a virtual lottery ticket. The number of lottery tickets for one participant is not limited. The more deposits and the greater the turnover, the more lottery tickets the participant will have, and the greater their chances of becoming a winner of the prize money.


Unlike trader contests, there is no need for a lottery participant to show exceptional trading results. In this case, both experienced professionals and beginners have equal chances of winning. And they can either use the received prize money in further trading, or take it out without any restrictions.


70 prizes of $500 each, 20 prizes of $1,000 each, 10 prizes of $2,500 and 1 super prize of $20,000 will be drawn. The draws will be held on July 1, October 1, 2021 and January 3, 2022. For more details, visit the NordFX website.


Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.




#eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market

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