Tesla, Bitcoin og kryptorummet: Showet Musk fortsætter? Eksperter svarer

Her er hvad krypto- og blockchain-brancheeksperter synes om Teslas nylige investering på 1,5 milliarder dollars i Bitcoin.

Mens 2020 var et betydningsfuldt år for Bitcoin ( BTC ), er det lige begyndte år 2021 allerede fyldt med store overraskelser

Den 8. februar sprang Bitcoins pris med næsten $ 3.000 på få minutter , hvorefter den steg 20% ​​på 24 timer – alt sammen på grund af nyheden om Elon Musks Tesla, der afsatte 1,5 milliarder dollars af sin balance til BTC.

Samme uge annoncerede den ældste bank i USA, Bank of New York Mellon, planer om at holde, overføre og udstede Bitcoin. Mastercard planlægger også at støtte kryptokurver i 2021 til sine næsten 1 milliard brugere. Og SEC-kommissær Hester Peirce, ofte benævnt „Crypto Mom“ ​​i kryptosamfundet, understregede endda den presserende nødvendighed af reguleringsklarhed på grund af de nylige begivenheder i rummet.

Med PayPal, Tesla, Mastercard, BNY Mellon og andre, der kommer ind i kryptosfæren, bliver det ikke mere klart end nogensinde før, at digitale aktiver nu er en del af mainstream? At deres masseadoption er startet, og det er et spørgsmål om nutiden, ikke fremtiden?

Sidste år bad Cointelegraph eksperter i krypto- og blockchainindustrien om deres meninger om PayPal’s kryptointegration og masseadoption og om vigtigheden af ​​2020 i Bitcoins historie . Denne gang er spørgsmålet: Hvad betyder Teslas nylige investering på 1,5 milliarder dollars i Bitcoin Trader for kryptorummet med hensyn til de finansielle markeder, for kryptooptagelse og brandopbygning og for hele branchen generelt?

Alex Tapscott, administrerende direktør hos Ninepoint Partners:

”Teslas køb af Bitcoin sendte uden tvivl en chokbølge gennem hjørnekontorerne for enhver økonomidirektør og corporate kasserer i Amerika og videre. En af Bitcoins mange fordele er, at det fungerer som digitalt guld, diversificere virksomhedernes beholdninger og sænke valutarisiko. Enhver finansdirektør burde skærpe deres blyanter for at forstå, om og i sidste ende, hvornår de skulle købe den.

Mens Tesla ikke er det første offentlige selskab, der køber Bitcoin til sin skatkammer, er det langt det vigtigste. Hvor poetisk er det, at Elon Musk, en rumentreprenør, skubbede Bitcoin til sin flugthastighed i det amerikanske erhvervsliv!

Beslutningen fra Tesla følger en række højt profilerede meddelelser fra store virksomheder, der passer til et mønster af hurtigere institutionel og corporate adoption. Lige som konsekvens for tildelingen af ​​statskassen var Teslas beslutning om at acceptere Bitcoin. Dette følger i fodsporene på flere andre store innovative firmaer som PayPal, Visa og andre, der bygger en motorvej til Bitcoin-masseadoption, hvilket muliggør ikke kun Bitcoin køb og salg, men integration i deres handelsnetværk. Ved udgangen af ​​2021 forventer jeg, at mange flere virksomheder ikke kun har Bitcoin, men også har en reel Bitcoin-strategi. ”

Da Hongfei, grundlægger af Neo og grundlægger og administrerende direktør for Onchain:

”Dette er et meget lovende tegn for almindelig interesse og dens stigende vilje til at omfavne blockchain. Desuden bekræfter det, at blockchain og Bitcoin er her for at blive for fremtiden.

I løbet af 2020 investerede stadig flere finansielle institutioner i Bitcoin, og jeg er overbevist om, at adoption af blockchain accelererer, da det globale finansielle paradigme skifter til fuldt ud at omfavne digitalisering og decentralisering. Fremadrettet skal vi fortsætte med at skubbe til effektive standarder i hele branchen såvel som større integration for fuldt ud at udnytte blockchains spilændrende potentiale. ”

Każdy chce wiedzieć „WTF idzie dalej z Bitcoinem“.

To, co dzieje się teraz, szybciej niż ktokolwiek mógłby sobie wyobrazić, jest to, że „Bitcoin przechodzi od ezoterycznego atutu frędzli do głównego nurtu“.

To dlatego jesteśmy jeszcze na początku gry.

Q4 był epicki dla największej kryptokurrency na świecie. Z 160% tendencją wzrostową w tym kwartale, 4Q20 stał się drugim najlepszym po 4Q 2017, w którym BTC zanotował ponad 210% zysków i osiągnął 20 tys. dolarów.

Tym razem kwartał ten rozpoczął się od około 10 500 dolarów i przepchnęliśmy kilka rekordów wszech czasów, a ostatni z nich wyniósł właśnie dziś ponad 28 500 dolarów.

Nocujący nie rozumieją jednak, dlaczego tak się dzieje.

Youtuber KSI z 6,4 mln zwolenników zapytał o to, co dzieje się z cyfrowym zasobem w dniu, w którym po raz pierwszy przeskoczył 28 tys. dolarów.

Bitcoin akcji cena dostał kolejny no-coiner Sara Mauskopf, współzałożyciel i dyrektor generalny opieki dziennej i rodzicielstwo wyszukiwania aplikacji Winnie zapytać o tej „numer tylko iść w górę“ technologii.

„Czy ktoś rozumie dlaczego? Nie narzekając tylko próbując nadać sens temu, co się dzieje…“ to było jej dokładne pytanie.

Nawet chińskie media państwowe wciąż zamieszczają artykuły o Bitcoin Compass, z najnowszym, zatytułowanym „Dlaczego Bitcoin wielokrotnie łamie swoje ATH“.

„To, co dzieje się teraz – i dzieje się szybciej, niż ktokolwiek mógłby sobie wyobrazić – jest to, że Bitcoin przechodzi z frędzlowej aktywa ezoterycznego do głównego nurtu“, powiedział Matt Hougan, dyrektor inwestycyjny Bitwise Asset Management.

„Jeśli to idzie do głównego nurtu, to jest tylko tyle pieniędzy na uboczu, że będzie musiał przyjść i ustanowić pozycję, która pozostawia mnie bardzo byczą na 2021 rok.“

Nieustanny popyt

W międzyczasie, Bitcoiners rzucają ostrożność na wiatr i idą aż do środka. Jak napisał jeden z degenów na Twitterze: „Sprzedałem swój dom i pożyczyłem od moich 401k dwa razy, żeby kupić Bitcoin i zrobiłbym to ponownie po obecnych cenach.“

To nie jest pierwsze i nie będzie ostatnie.

Ostatnio, Bitcoiner Peter McCormack również podzielił się, jak wziął 46.250 dolarów pożyczki na początku tego miesiąca i kupił 2,55 BTC z niego. „Może zrobić to jeszcze raz kilka razy“, powiedział wtedy.

Bitcoin jest rzeczywiście na dobrej drodze do swojej najdłuższej miesięcznej passy wygranej od ponad roku.

Dzięki temu, że banki centralne na całym świecie prowadzą kampanię debetowania walut fiatowych, ludzie zdają sobie sprawę z wartości twardego aktywa, które nie tylko ma stałą podaż, ale oferuje asymetryczne zyski.

Właśnie w tę niedzielę prezydent Donald Trump podpisał ustawę stymulującą o wartości 2,3 biliona dolarów. Nowe bodźce sprawdzają, spadający dolar amerykański, a Brexit napędza apetyt na ryzyko inwestorów.

Ludzie coraz częściej postrzegają Bitcoin jako zabezpieczenie przed słabością dolara i ryzykiem inflacji.

Według Edwarda Moya, starszego analityka rynku w Oandzie, popyt na Bitcoin jest „nieugięty“. „Bitcoin jest nadal modny w handlu na Wall Street i to może nie odejść“, napisał. „Zmienność pozostaje na wysokim poziomie, ale na razie wygląda na to, że będzie przyciągał nabywców przy każdym większym spadku.“

BaFin: Approval procedures for established crypto custodians are ongoing

After the end of the application period for crypto custodians active in Germany before 2020, the approval process continues.

The Federal Financial Supervisory Authority ( BaFin ) is currently examining at least nine license applications for crypto custodians operating in Germany before 2020 . This emerges from the response of the federal government to a small request from the FDP parliamentary group in the Bundestag.

The German market for crypto custodians remains clear

“In the absence of relevant statistics, the federal government can only provide very limited information about the number and turnover of companies that are active in the business of crypto currencies and other crypto values,” the text says. The Federal Financial Supervisory Authority (BaFin) has received nine permit applications, which are currently still being examined. Companies wishing to apply for a permit had to notify Crypto Profit of this by March 31, 2020.

The legislature combined the introduction of the crypto custody business and the expansion of the financial instruments in the Banking Act (KWG) to include crypto values ​​with a transitional regulation. Companies that were already active as crypto custodians before 2020 were initially able to continue their business, but had to submit a complete permit application by November 30, 2020. The examination of these applications continues.

According to the federal government, there were originally 50 notifications of intent. The number of only nine submitted applications one week before the end of the deadline is significantly lower, but could have increased significantly by the deadline.

Crypto values ​​are an official financial instrument

Crypto values such as crypto currencies and security tokens were in the list of official financial instruments through an amendment by the end of 2019 added Service. As a legal consequence, the existing regulatory provisions for financial instruments also apply to crypto values. Companies such as wallet operators and crypto exchanges that “store” crypto assets have required permission from BaFin for this since 01.01.2020.

A Bitcoin at $50,000 is possible

A Bitcoin at $50,000 is an important possibility for next year, according to Bloomberg Crypto’s latest monthly report.

These have been days of great expectations within the crypto world. Well, after several years of waiting for this moment, finally the price of Bitcoin Code is back on its upward path.

Touching briefly on its previous all-time high, and holding so far the promise of continuing to move forward until the $20,000 is broken. But that wouldn’t be all, because, according to Bloomberg’s analysis, a Bitcoin at $50,000 is possible.

MicroStrategy Bought Another $50 Million in Bitcoin

Volatility and growth in Bitcoin

Bitcoin’s history in the financial market has always been complicated. Since its birth eleven years ago, Bitcoin was seen by big investors as a simple curiosity. An idea that some computer fanatics had launched without knowing very well how the big international markets work.

However, this concept has been mutating over the years. Especially as Bitcoin has proven to have enough technical and financial capabilities to be demanded by people all over the world. This has made crypto-currency a financial asset to be reckoned with globally.

However, this new position as a global class financial asset has been accompanied by the reputation of being an extremely volatile product. This is due to the constant changes in the price of BTC, increasing or decreasing its value by several hundred dollars in a few hours.

Something that hasn’t prevented Bitcoin’s path from being undoubtedly upward in the long run. From its creation until today, it has gone from a value of practically 0 dollars to a price of 19,059 dollars at the time of writing this article. Thanks to this, institutional investors are beginning to accept that Bitcoin can be an asset worth owning.

Bitcoin mining will last until 2140, do you know why?

Towards $50,000

All this has generated high levels of speculation about how far the price of Bitcoin can go. This led Bloomberg Crypto, Bloomberg’s crypto market analysis unit, to mention the possibility of Bitcoin reaching $50,000 in its last monthly report:

„Bitcoin will maintain its propensity to advance in price until 2021, in our opinion, with macroeconomic, technical and supply-demand indicators supporting a target resistance of $50,000, which implies a market-capitalization ceiling of approximately $1 trillion.

Of course, this analysis does not necessarily imply that Bitcoin will reach $50,000. It is a reflection of the security that cryptomoney is beginning to generate within institutional investors. This is reflected in the increase in funds managed by Grayscale, the company used by institutional investors for the acquisition of BTC. So far this year it has gone from managing $2 billion to $10 billion.

Departament Sprawiedliwości ekstradycji domniemanego operatora górniczego Ponzi BTC z Panamy

Przywództwo AirBit Club zebrało się w Nowym Jorku i zostanie oskarżone o kradzież „składek członkowskich” w celu finansowania masowych wydarzeń marketingowych i wystawnego stylu życia.

Zgodnie z poniedziałkowym ogłoszeniem Departament Sprawiedliwości Stanów Zjednoczonych i Południowy Okręg Nowego Jorku dokonały ekstradycji z Panamy lidera rzekomego programu Ponzi AirBit Club

Gutemberg Dos Santos jest jednym z sześciu operatorów AirBit Club postawionych w stan oskarżenia i ostatnim, który przyjechał do USA, aby stanąć przed SDNY. Dos Santos jest podwójnym obywatelem Brazylii i Stanów Zjednoczonych. Władze początkowozatrzymano pięciu z sześciu w sierpniu , a szósty organ unikał go do października.

Departament Sprawiedliwości twierdzi, że Bitcoin Revolution sprzedawał „członkostwa”, które obiecywały gwarantowane zwroty. Sześciu operatorów reklamowało swoje zyski jako produkt operacji wydobywczych klubu i strategii handlowych. Według Departamentu Sprawiedliwości te operacje nie istniały. Zamiast tego składki członkowskie zostały przeznaczone na finansowanie dalszego marketingu na całym świecie, w tym masowych imprez rekrutacyjnych nowych członków i stylu życia odrzutowego.

Niektóre z tych wydarzeń są widoczne na wciąż aktywnej stronie internetowej AirBit Club, a ostatnie odbyło się w Sao Paulo w Brazylii w zeszłym roku

Jednym z sześciu oskarżonych był Scott Hughes, rzecznik Kalifornii, który Departament Sprawiedliwości twierdzi, wspomagany lidera AirBit Klubu „poprzez, między innymi, pomaga usunąć negatywne informacje o AirBit Club i Vizinova z Internetu” – ewentualnie grożąc garnitury zniesławienia do zamknąć sprzeciw.

Hughes jest również oskarżony o pomoc w praniu dochodów za pośrednictwem różnych kont klientów.

Jednym z najbardziej znanych schematów Ponzi w kryptowalutach jest PlusToken, w którym ostatnio chiński rząd skonfiskował aktywa kryptograficzne o wartości ponad 4 miliardów dolarów .

Bitcoin better than stocks and gold? Crypto market on the up

Bitcoin has shown a significant upward trend lately. In mathematical terms, Bitcoin has a higher return than stocks and gold.

All Bitcoin Hodlers will be happy right now, because the king of cryptocurrencies is rising and rising. The website Messari.io showed that Bitcoin performed better than real estate, gold and stocks over a four-year period.

Doesn’t Bitcoin (yet) correlate with other assets?

Apparently, Bitcoin has a low correlation with other assets. This opinion used to be widespread among analysts too, but was cast into doubt in March 2020 when it came to the acid test. Contrary to expectations, Bitcoin Trend app did not remain stable at the beginning of the corona crisis. Rather , the Bitcoin price fell like the stock market, albeit a little less deep. This shook the very foundations of the self-image of the Bitcoin disciples, who had viewed their asset as effective crisis prevention.

The reason for the price loss ultimately remains unclear. Experts believe that large investors see Bitcoin more as “shares” than “gold” and have therefore sold it. It is also possible that a liquidity crisis broke out with Corona. This could have resulted in investors having to monetize their assets. This then affected stocks as well as cryptocurrencies, especially Bitcoin.

Bitcoin is attractive

More and more professional investors have now discovered the at least low correlation. They are allocating more and more funds for Bitcoin, according to Messari, in order to maximize their long-term profits.

The big companies that have added Bitcoin to their portfolio include more than 20 financial institutions , such as Rothschild Investment and Boston Private Wealth.

Is there a threat of inflation?

Many people also see Bitcoin as one of the few ways out of the US dollar and the euro. Many large central banks are currently flooding the markets with money to keep the national economy going. Whether this “Modern Monetary Theory” will work remains to be seen. It seems questionable, however, that the basic rules of economics can be overridden. An increase in the money supply basically means inflation. Mind you, this does not mean that there will be (disastrous) hyperinflation.

Nevertheless, many investors seem concerned and want to keep their assets safe as a precaution. Real estate is at high prices, gold is often sold out, and stocks are currently expensive. It is only too understandable that some investors take a look at the technology of the future and recognize the potential of Bitcoin.

Despite being “halved”, Bitcoin miners are again as high in sales as before

Many Bitcoin miners will probably use the regained profitability as an opportunity to sell.

While Bitcoin ( BTC ) has seen its highest price since January 2018 , mining the market-leading cryptocurrency is becoming more and more profitable for several reasons

According to data from Blockchain.com, Bitcoin miner’s sales have now risen to a level that has not yet been reached since the halving in May 2020. In the course of the “halving” of Bitcoin, the so-called block reward was reduced from 12.5 BTC to 6.25 BTC , which makes the newly achieved profitability all the more astonishing.

The turnover of the BTC miners reached a value of 20.8 million US dollars on November 4th, which is also the highest value since September 2019, when the block reward was twice as high as it is now.

The sudden jump in the turnover of the crypto miners is primarily due to the fact that the Bitcoin price has doubled since the halving in May. On November 4, for example, an annual high of 15,950 US dollars was achieved when the price had shot up by more than 20% in the last seven days.

Another reason for the rise in mining revenue is Bitcoin’s increased transaction fees. As Cointelegraph reported, these had gone up 200% in October . Accordingly, the share of transaction fees in miners‘ sales has also increased and currently accounts for 4.15 million US dollars or 20%.

Since the situation for the miners is currently more profitable than ever, some will probably take the opportunity to realize their profits

As the market researchers from CryptoQuant suspect , many miners will therefore sell their „mined“ Bitcoin. This thesis is confirmed by the Miner Position Index, which is currently at 4, with a value of 2 or more indicating that the miners are aiming to sell.

In addition, a clear spike can be seen in transactions by miners to crypto exchanges after the Bitcoin price climbed above the 15,000 US dollar mark. Although the amount is still relatively small compared to before the halving, the sales pressure created by the miners could possibly torpedo the current soaring of Bitcoin.

However, CryptoQuant CEO Ki Young Ju gives the all-clear , because he suspects that the miners will initially play it safe, but actually assume that prices will rise and will therefore hold onto the majority of their crypto assets.

Krypto-Marktbeobachtung: Hat Bitcoin Angst vor den Höchstständen im Juni 2019?

Das neue Hoch von Bitcoin im Jahr 2020 zeigte Anzeichen einer Abkopplung von der Wall Street, während gleichzeitig die trägen Alternativmünzen abstürzten.

Bitcoin markierte ein weiteres Hoch im Jahr 2020 mit über 13.850 Dollar und war nur Zentimeter davon entfernt, auch den Höchststand von 2019 zu durchbrechen. Im Gegensatz dazu sind die meisten Altmünzen stabil oder in Rot geblieben, und die Dominanz von Crypto Bank ist auf über 62,5 % angestiegen.
Mehrere Male in einer Woche: Neue Höchststände von Bitcoin 2020

Die primäre Krypto-Währung hat in den vergangenen zehn Tagen eine Rolle gespielt. Dies führte in der vergangenen Woche zu zwei aufeinander folgenden Jahreshöchstständen, zunächst bei 13.220 USD und dann bei etwa 13.360 USD.

In den vergangenen 24 Stunden hat Bitcoin sogar noch höhere Werte angestrebt und erreicht. Zuerst stieg das Vermögen auf 13.480 $. Nach einem kurzen Rückzieher ging es wieder in die Offensive, die es auf 13.760 $ brachte.

Obwohl dies ein neuer Jahresrekord war, war die BTC noch nicht fertig. Erst vor wenigen Stunden trieben die Bullen die Krypto-Währung auf den höchsten Stand seit über einem Jahr – 13.865 $ (auf Binance).

Folglich war Bitcoin nur wenige Dollar davon entfernt, den Höchststand von 13.880 $ im Jahr 2019 zu durchbrechen.

Die Ablehnung drückte die BTC sogar nach unten, und der Vermögenswert wird derzeit bei etwa 13.650 $ gehandelt. Nichtsdestotrotz nutzte der populäre Bitcoin-Befürworter Max Keiser die Gelegenheit und verdoppelte seine Vorhersage von 28.000 Dollar pro Münze.

Interessanterweise kamen die Gewinne von Bitcoin trotz der ungünstigen Ereignisse an der Wall Street. Der S&P 500 und der Dow Jones Industrial Average schlossen den gestrigen Handelstag in Rot, während nur der Nasdaq Composite leicht grün schloss.
Marktkapitalisierung auf über $400B, Alts Rückzug gegen BTC

Der 4%ige Anstieg von Bitcoin hat die Altmünzen nicht wirklich beeinflusst, und die meisten von ihnen haben gegenüber der größten Kryptowährung an Wert verloren. Ethereum kämpft mit 400 Dollar gegenüber dem Dollar, während es gegenüber BTC 2,5% verlor.

Tatsächlich ist der größte Teil des alternativen Münzmarktes im Vergleich zu Bitcoin tief rot. Ripple (-3,6 %), Bitcoin Cash (-3 %), Chainlink (-4,2 %), Binance Coin (-5 %), Bitcoin SV (-5 %) und Polkadot (-8 %) haben gegenüber BTC ebenfalls an Wert verloren.

Damit ist die Dominanz von Bitcoin über die Altmünzen stark angestiegen. Die Kennzahl, die die Marktkapitalisierung von BTC mit allen Altcoins vergleicht, brach in der vergangenen Woche auf über 60 % ein und erreichte damit den höchsten Stand seit über zwei Monaten. Nach den Entwicklungen in den letzten 24 Stunden ist sie auf 62,6 % gestiegen.

Il prezzo NVT di Bitcoin ad un massimo storico: Willy Woo

L’analista a catena Willy Woo ha rivelato che mentre il bitcoin non ha ancora scalato le altezze inebrianti della fine del 2017, ha già superato le sue prestazioni del 2017 in un’importante metrica.

Spiegando via Twitter il 27 ottobre, Woo ha rivelato che il Network Value Transaction Ratio (NVT) di bitcoin è ora al suo livello più alto mai raggiunto. Secondo Woo, questo movimento è stato guidato da „investitori a lungo termine sottostanti“, il che indica che il prezzo del bitcoin raggiungerà a breve un altro massimo storico (ATH).

La previsione di Woo arriva in un momento in cui il bitcoin si sta comportando in modo piuttosto rialzista, essendo salito di oltre il 36% da settembre per rompere i 13.800 dollari al 28 ottobre per un massimo del 2020 (YTD).

L’importanza della NVT

Secondo DCResearch, NVT è un sistema di misura inventato da Willy Woo per determinare la misura in cui il prezzo di un bene digitale lo sottovaluta o lo sovrastima. Esso viene calcolato dividendo il suo limite di mercato totale per il volume giornaliero (USD) delle transazioni.

Più grande è il risultato, più è probabile che la domanda di investimenti aumenti a causa di una bolla speculativa o di una fase di forte crescita. Woo spiega NVT sul suo sito web:

„Quando la NVT di Bitcoin è alta, indica che la sua valutazione della rete supera il valore trasmesso sulla sua rete di pagamento, questo può accadere quando la rete è in forte crescita e gli investitori la valutano come un investimento ad alto rendimento, o in alternativa quando il prezzo è in una bolla insostenibile“.

Guardando al futuro del movimento del mercato del bitcoin, Woo ritiene che la „valutazione organica“ del bitcoin basata sul suo NVT, che attualmente si attesta a poco più di 10.000 dollari, finirà per spingere il prezzo a un nuovo massimo storico.

Ottobre rialzista di Bitcoin

BeinCrypto ha riferito il 26 ottobre che il bitcoin ha registrato la sua più alta chiusura settimanale da gennaio 2018, chiudendo a 13.039 dollari. Il grafico sottostante mostra come sia salito drasticamente (da un brusco crollo in settembre) ai massimi solo per breve tempo visti nell’encierro del 2017.

Questa mossa è stata guidata da una serie di fattori. Il 27 ottobre, un sondaggio di Grayscale Investments ha rivelato che il 55% degli intervistati era interessato al bitcoin.

All’inizio del 4 ottobre, il CEO di Microstrategy Michael Saylor ha spiegato che la sua decisione di trasferire 425 milioni di dollari delle riserve di liquidità della sua azienda in bitcoin è stata presa perché considera il bitcoin un „bene più difficile dell’oro“.

The role of ideology in Bitcoin. Which side do you belong to?

How much ideological baggage are we seeing in the crypto community?

It is no secret that the crypto community is full of ideology. There is a very particular narrative. And they all seem to speak the same language. You could say that the community has a shared vision of life. Well, to say „life“ is perhaps going too far, but one could say that there is a shared vision of money and the economy. If we take the most well-known names in this space as a reference, they all seem to be reading from the same booklet. But do all bitcoiners think the same way?

To simplify matters, we could say that the bitcoin community is divided into three main camps. In this piece, I will take the liberty of naming each side. I must say that I have chosen these names arbitrarily, because, as far as I know, we do not yet have an official dictionary of terms in this area. The three sides: the militants, the mercenaries and the utilitarians.

Read on:

Of course, more than perfectly defined groups, they are actually common. So, we could see these three currents as spaces in a circular spectrum. Each bitcoiner chooses a point within this spectrum. Some come closer to the „militant“ area. Others come closer to either of the other two areas. Some may be in the middle of two streams. Others may head a little towards the centre, which implies that their positions are a little more moderate. However, others may choose the extremes, which means that their positions are more radical.

The militants are the oldest and loudest group. But I doubt very much that they are the most numerous group. I would dare to say that the mercenaries and the utilitarians are the real majority. However, the militants are very present in the press and on the networks. In fact, the vast majority of the so-called „influencers“ belong to this side. And they practically have a monopoly on narrative. However, if we analyse Bitcoin’s fundamentals in detail, we would realise that not everything is ideology.

The militants adopted the old liberal ideology, especially the branch that promotes a return to the pattern and spirit of the Austrian school of economics. The only thing is that gold has to be replaced by Bitcoin. And the technological component of cryptography and computer science should also be added to it. Here we are talking about a kind of anarcho-techno-capitalist utopia. So, here the enemy is the , the power stations, the traditional financial system and the fiat currency. Here we have two subgroups. The „maximalists“ who defend Bitcoin’s supremacy. And the technonerds who believe that technology has other applications beyond Bitcoin.

The militants trust no one. They don’t even trust their own mother. Everything must be decentralized. And the individual must stand on his own two feet. Which means that our money must be under the mattress. Because the intermediaries are not reliable. Only we can have custody of our funds. More than wealth, fame or power, the most important thing is the freedom of the individual within an autonomous and decentralised system. The free market is wise and regulates itself. The government damages everything.

This group sees Bitcoin as a political movement. In other words, Bitcoin Revolution is a living proposal. The idea is to separate the economy from the state, abolishing the central banks and the fiat currency once and for all and using only Bitcoin. In this way, the economy will work like a charm, because the State could no longer damage everything. This is the importance of adoption. The goal is that we all start using Bitcoin as a form of payment to gradually wipe fiat money off the map. It is something like a process of evangelization.

Read on:

Now, let’s talk about the mercenaries. That group sees Bitcoin as an opportunity for enrichment. At some point, they heard that there was some „magic money“ from the internet that was an excellent investment. They looked for information and decided to put money into Bitcoin to speculate on the price. The central objective here is to make money. Most of the miners, the traders, the funds, and the crypto companies belong to this side. The emphasis here is on Bitcoin as an investment. More than a form of payment it is a speculative asset. It’s as simple as that.

Then there are the utilities. This is the quietest group of all. But in my opinion it is one of the most important. This is the group that uses Bitcoin because of its usefulness. The gaming industry that can’t use credit cards in some jurisdictions uses Bitcoin. The Dark Web uses Bitcoin to hide from the authorities. The gig economy uses Bitcoin to pay off unbanked staff in other countries. The foreign exchange market uses Bitcoin to move capital. That group may not accept the ideology of the militants, or they may not have the capital or intention to invest in Bitcoin, but they use Bitcoin for their practical purposes, taking advantage of the lack of regulation and the benefits of technology.

However, the militants accuse the mercenaries of being greedy or immoral. The mercenaries accuse the militants of being unrealistic, hypocritical or fanatical. The utilitarians are ignored by the militants and the mercenaries. And the utilitarians, in turn, do not bother to participate in sterile debates because they are busy doing whatever they are doing.

All groups are important. And it is valid to belong to any of these sides. However, one caveat must be made here. The militants have hijacked the narrative. And one might be tempted to think that being a bitcoiner automatically means being a militant, when in fact they are a minority within the community. In other words, in this space, there are more crypto-investors than crypto-liberals. And this is perfectly demonstrable. The activity of exchanges is an example of this. It shows that the main activity within the crypto space is speculation. Moreover, the popularity of the phrase „Bitcoin price“ could be indicating that the balance is tilted towards investment, not ideology.

Why is it a problem that the crypto-libertarian voice predominates so disproportionately within this space? Well, because many bitcoiners are eager for financial guidance and the only thing that can be read in the specialised press is that the Federal Reserve is undermining many freedoms and that the dollar is destined to die. And I am afraid that many are not very interested in embarking on a libertarian struggle against the system. Many just want to be better investors.

Read on:

It is a danger to listen to financial advice from militants, because in their passion they present reality with their very marked bias. For example, there is talk of „hyperinflation“ in the worst deflationary crisis in our recent history. They talk about Bitcoin as a safe haven when in fact it is a highly volatile asset. Knowing whether we have inflation or deflation is important, because it can affect our financial decisions when buying an asset or not. Having objective information is very relevant to the design of an intelligent investment portfolio, because a safe asset should be treated very differently from the treatment that a high-risk asset should receive.

There is room for everyone here. But to survive in this community we must understand very well the role of ideology in this space. Investing on Wall Street is easier in that respect. But crypto is the Wild West. It is possible to be victorious if we learn to live among the three great sides of the Bitcoin family (Adams).