Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Cici Lee on August 27, 2020, 01:02:27 PM
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Source From BitOffer
In early August, Nasdaq-listed MicroStrategy (Nasdaq: MSTR) first disclosed that it was buying Bitcoin to avoid inflation. According to the disclosure, the company has bought 21,454 bitcoins, which are currently worth more than $250 million.
Previously, although some companies have managed idle capital and used some of it to buy bonds, such a large bet on Bitcoin is very rare. For a publicly-traded company with a total market value of $1.2 billion at the time, investing $250 million in Bitcoin could be considered as "All in."
In the process of choosing which asset to hold as a reserve, they firmly chose Bitcoin. More interestingly, their share price shot up a dozen points shortly after the announcement.
Some media believe that this move marks a watershed for institutions to absorb Bitcoin. Preston Pysh, a prominent digital currency commentator, wrote in his Twitter: "As I suggested 6 months ago, we are now starting to see businesses owning Bitcoin as a marketable security on their balance sheet."
A legendary fund manager, who's also a billionaire's Paul Tudor Jones said recently: "My bet on #Bitcoin as a safe haven against the deteriorating is doing incredibly well. My only is not buying more. I believe this rise in we’re seeing is far from over. In fact, it’s just getting started!"
Back in May, Paul Tudor Jones told CNBC that he thought bitcoin was a good bet, buying it as a hedge against inflation as the banknote printing from central banks around the world, similar to buying gold in the 1970s. Meanwhile, just over 1% of its assets are in bitcoin.
The case of incremental money piling in is starting to be noticed by more and more people.
As an example, CME bitcoin futures are surging, with open interest reaching $800 million, up 120 percent from the low in July.
What you can see is that the new incremental market that the industry has been hoping for since the end of 2018 May have crept in. There are reasons to believe that Bitcoin and other digital currencies will become more widely accepted.
Meanwhile, affected by COVID19, most people tend to reduce financial risk. Financial market a substantial increase in revenue which appeals to people. Recently, under the smaller undulation of Bitcoin’s price, people turn to find other possibilities in the financing market. Now especially in the sideways trend, BitOffer (https://www.bitoffer.com/) Dual-Currency became the first choice from individual investors.
The characteristics of Dual Currency:
1. the annualized return rate can be up to 1,000%
2. earn profits regardless of the price goes to rise or fall
3. different periods available for choose
4. earn Bitcoins while BTC dumps, earn USDT while BTC pumps
5. automatically earning passive income
Therefore, Lucian, the chief analyst of BitOffer (https://www.bitoffer.com/) pointed out, because of the unique reverse option mechanism of dual-currency, even in the bitcoin plunge, you can still achieve a high annualized return. Compared with traditional finance, which the highest annualized return is only 5%, while the one-week return of dual-currency easily beats it. And in the BTC sideways shock period can still achieve a stable 1 point of income, very suitable for individual investors. There is no need to judge the rise and fall of the currency price, earn BTC while the price goes down, earn USDT while the price goes up, which is very suitable to replace spot products.