Crypto sector: These three trends can be identified for 2021

The year is drawing to a close, so the question is what will fundamentally change for the crypto sector in the coming year. The last Friday comment for this year should therefore outline the three biggest changes and make forecasts.

1. Institutional investors take the helm

In the last half of 2020, an expectation of the last few years was finally fulfilled: institutional investors have discovered the crypto market for themselves and, with their inflows of billions, are ensuring unabated price increases for Bitcoin Bank. Almost every day there are new reports from hedge funds, asset management companies and companies that are pumping two or three-digit million amounts into the crypto market.

As much as this may please one or the other Bitcoin investor, it also means, conversely, that the rules are now being made by the professionals on Wall Street and City of London and no longer by private investors or native crypto companies. Compared to regulated futures and options exchanges such as the CME, CBOE or Bakkt, crypto exchanges are thus becoming less relevant. After all, the new institutional investors do not trade with tokens at Binance and Co., but rather via futures on the aforementioned derivatives exchanges. Crypto traders will therefore also have to adapt their analysis methods in 2021.

At the same time, public opinion is shaped more strongly by the old economy. After all, it is their analysts and company spokesmen who classify the situation on the crypto markets.

The new medium of tokens is transferred to the corset of the old world by building appropriate indices and securitizing digital assets in securities certificates. The situation is increasingly reminiscent of German car manufacturers. Although we know that electric mobility is the future, we still cling to combustion engines and build hybrid vehicles as a compromise.

2. Regulation leaves no stone unturned

With the arrival of the old economy in the crypto sector, the rules of the game are also being adapted. Everything is becoming more regulated, the free spaces are becoming smaller. Already in 2020 warnings from politics were often heard that they were ready to heavily regulate and, if necessary, ban crypto currencies and, above all, stablecoins. In 2021, the fight against anonymity in the crypto space will be announced, as was recently emphasized and partially implemented by the G7 and above all France .

Laws on KYC are passed across states in the interests of each state. In particular, digital central bank money (CBDC) and stablecoins such as Facebook’s Diem, formerly Libra, will usher in a new crypto age in 2021. Also worth mentioning here is PayPal, which will continue to roll out its existing crypto service in 2021. Corporations are taking back control of the crypto market and user data in coordination with the states – this is the compromise for the green light.

Greater consumer protection, greater user-friendliness, rising prices due to more and above all professional market participants are the positive sides of this change. On the other hand, decentralization and the crypto narrative are turned inside out. In 2021, control will go back to some extent from the end consumer to the state or corporation. After all, it is primarily custodial wallets on which Bitcoin and Co. are stored. The user is therefore giving up access to the crypto offers of the newer hour more and more often. 2021 will therefore be a downright sad year for advocates of high privacy.

As a consequence of this regulatory offensive, a stronger counter-movement will slowly form in 2021, which is fed by the DeFi ecosystem. When it comes to really decentralized protocols, be it decentralized credit networks (crypto lending) or decentralized stock exchanges (DEX), authorities and corporations break their teeth. A decentralized DeFi ecosystem does not fit into their regulatory concept and will therefore increasingly offend. If not yet in 2021, this will lead to a massive regulatory conflict. The current discussions about Diem, on the other hand, should seem harmless. Before that happens, the DeFi sector has to grow significantly first.

„Bitcoin jest naszą największą nadzieją” – CEO MicroStrategy

Microstrategy będzie przechowywać Bitcoin System o wartości ponad 1 miliarda dolarów po tej sprzedaży. Dyrektor generalny firmy mówi, że Bitcoin oferuje możliwość jako środek przechowywania wartości.

Dyrektor generalny Microstrategy, Micheal Saylor, powiedział, że Bitcoin oferuje firmie szansę jako magazyn wartości. Według niego strach przed utratą wszystkiego z powodu zagrożenia inflacją można zniweczyć, inwestując w Bitcoin, który może działać jako bezpieczna przystań dla rezerw skarbowych.

Z powyższego powodu prezes powiedział „Bitcoin jest naszą największą nadzieją” w jednym ze swoich ostatnich tweetów

Saylor dodał, że Microstrategy handluje akcjami, tak jak każda inna firma. Ale różnica polega na tym, że to, czym handlują, to Bitcoin, który znajduje się w ich rezerwach skarbowych.

Po dodaniu obecnego zakładu na Bitcoin w wysokości 650 milionów dolarów do zasobów Microstrategy, wartość firmy w BTC wzrosła do ponad 1 miliarda dolarów.

Firma najpierw kupiła BTC o wartości 250 milionów dolarów w sierpniu, a następnie kupiła kolejną wartą 175 milionów dolarów, zanim niedawno kupiła kolejną rundę aktywów kryptograficznych za 50 milionów dolarów.

Microstrategy niedawny zakład Bitcoin o 650 milionów dolarów

Firma MicroStrategy zakończyła sprzedaż obligacji zamiennych o wartości 650 mln USD z oprocentowaniem 0,750%. Oczekuje się, że fundusze wygenerowane w ramach tej sprzedaży zostaną przeznaczone na zakup większej ilości Bitcoinów dla firmy.

Firma w poście na blogu powiedziała, że ​​zamierza zainwestować wygenerowane dochody w Bitcoin. Jednak firma najpierw usuwałaby swoje potrzeby kapitałowe i inne fundusze, które mogą być potrzebne do jej operacji korporacyjnych.

Początkowa oferta wynosiła 400 mln USD, ale później została zwiększona do 550 mln USD. Analitycy Citi wezwali firmę do niedźwiedzia w związku z jej siecią Bitcoin, ale to ich nie odstraszyło, ponieważ wciąż jest do zdobycia dodatkowe 100 milionów dolarów.

Jeden z funduszy hedgingowych, który zyskał sławę dzięki zdolności do generowania ogromnych zwrotów, Renaissance Technology kupuje akcje Microstrategy od początku roku.

Negozio istituzionale Bitcoin Shop NYDIG raccoglie 150 milioni di dollari per Twin Crypto Funds

Il New York Digital Investments Group (NYDIG) ha raccolto 150 milioni di dollari per due nuovi fondi da investire in valute crittografiche, una mossa che sottolinea l’influenza alle stelle del negozio di crittografia che sta salendo alle stelle sulla scena bitcoin istituzionale.

Come rivelato in due documenti della U.S. Securities and Exchange Commission

Come rivelato in due documenti della U.S. Securities and Exchange Commission, il NYDIG Digital Assets Fund I ha raccolto 50 milioni di dollari da investitori istituzionali, mentre il NYDIG Digital Assets Fund II ha raccolto 100 milioni di dollari.

Una fonte a conoscenza della questione ha confermato a CoinDesk che il Fondo I investe interamente in bitcoin (BTC, +0,69%). La fonte ha affermato che si tratta dell’ultima offerta di NYDIG per una linea crescente di clienti istituzionali che si rivolgono a lungo a BTC.

Non è stato subito chiaro se il Fondo II investa anche solo nella valuta crittografica leader del mercato.

Ma più intrigante delle dimensioni delle due nuove offerte della NYDIG è l’identità delle balene che hanno acquistato. Solo due investitori senza nome sembrano aver partecipato al fondo bitcoin da 50 milioni di dollari della NYDIG, mentre sembra che il fratello maggiore abbia ottenuto tutto il suo denaro da uno solo.

I fondi catturano la misura in cui i giocatori con le tasche profonde stanno alimentando l’encierro del 2020. Le società che fanno della cripta la loro riserva di tesoreria, gli investitori storici che fanno girare le loro borse sulla CNBC e le istituzioni che si accumulano hanno unito le loro forze per spingere BTC a nuovi massimi di tutti i tempi.

Il fatto che gli investitori istituzionali criptati si riversino a NYDIG

Il fatto che gli investitori istituzionali criptati si riversino a NYDIG non dovrebbe essere una sorpresa per chi ha familiarità con questo spazio. Il NYDIG è stato scorporato da Stone Ridge Asset Management da 10 miliardi di dollari nel 2017 con la missione di corteggiare i nuovi arrivati istituzionali di criptovaluta. Ha rapidamente assunto l’architetto della BitLicense Benjamin Lawsky e si è assicurato 50 milioni di dollari di finanziamenti per costruire la squadra.

NYDIG ha raccolto altri 50 milioni di dollari di capitale proprio per la crescita in ottobre. Ora offre servizi di custodia, esecuzione, investimento e brokeraggio di primo livello a fondi hedge, pensioni, banche e altri clienti ad alto dollaro.

I due fondi continuano la recente tendenza di NYDIG a registrare le proprie offerte criptate come veicoli di investimento Rule 506(c). In sostanza, ciò significa che la NYDIG può pubblicizzare i fondi ad un pubblico più ampio.