According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly.

Biden Proposes to Finance Covid-19 Relief and Infrastructure With $3 Trillion
Ever since the coronavirus outbreak took hold across America, politicians and members of the U.S. Federal Reserve has distributed massive amounts of dollars to special interests and Wall Street trading houses. Americans did get a stimulus check for $1,200 during the last program, and then $600 per person during the most recent stimulus plan.

https://news.bitcoin.com/crypto-advocates-think-joe-bidens-3-trillion-stimulus-plan-will-bolster-bitcoin/

Technology can be argued to be as old as man itself; various inventions like electricity, steam engines, railways, etc., have all changed the existence of man and how we view the world. However, most of these innovations have now become more of infrastructures with most governments now regulating and owning these spaces. The more recent definition of technology is one that is mostly borne from the invention of the world wide web in 1989. The internet remains one of the most important innovations of mankind and a springboard for most of the massive strides made by man in recent times. The internet opened new ways of interacting, communicating, transporting, educating, as well as other new exciting, and financially lucrative industries. Modern technology has therefore been viewed from the lens of the internet and its derivatives; today when we say products, we are mostly talking about mobile apps or software, almost every business out there has a website and many entrepreneurs are leveraging on so many forms of technology for business with most being enabled by one software or algorithm or the other. Modern technology is digital apps, software, websites, algorithms, cloud computing, artificial intelligence, machine learning, virtual reality, fin-tech, blockchain, etc. The power of the tech industry over the years cannot be over-emphasized as can be seen in the domination of the Forbes list.

Read more: https://medium.com/datadriveninvestor/why-decentralized-technology-and-cryptocurrency-is-the-future-39fe7b5529c0

According to Cointelegraph, Bitcoin (BTC) volatility is at a 16-month low. The BTC options aggregate has increased to $2 billion, which is 13% below it’s all-time high, plus the Chicago Mercantile Exchange (CME) has also reached $300 million.

These option derivatives contracts offer buyers protection from both the upside and downside, and the fact that liquid options currently exist in the market is a positive trend.

They allow miners to stabilize their income, while market-makers are able to use them to hedge their trades. In short, “deeply liquid markets attract larger participants and increase their efficiency.” An implied volatility can be useful. When traders believe there is a larger risk of volatility in the price, this indicator shifts to a higher position, but the opposite happens when there is an expectation of less dramatic price movement.

For Bitcoin owners, a lower perceived volatility is good news, as it is often a signal of a significant price movement, and that market makers are willing to sell protection on lower premiums. Investors then need to shift their focus to futures markets and analyse whether or not there may be a dramatic price shift. It often leads to more investors joining the market, or that existing ones increase their positions.

...

https://medium.com/@lendoplatformltd/is-a-dramatic-bitcoin-price-change-coming-fadf802d8bc9

During the Pandemic response, the number of the fiscal and monetary answer has been remarkable. As unemployment proposals highs not viewed since the Great Depression, governments have raced to connect the gap. The IRS has granted out over 159 million stimulus checks, describing $267 billion directly distributed to Americans, As per NBC News.


The payments describe a 1,200 Dollars payout per adult, $2,400 for per married couples, and $500 per child (Under 17) who are under the care of parents. 120 million of these payouts were sent by direct deposit, 4 million by prepaid debit card, and 35 million by check.

In a recent Congressional discussion, whether or not to use a digital dollar to give further stimulus payouts came up. The full report with PDFs of observer data is on the official Congressional Website. A note that began with the hearing notes that thirty-five million Dollars payout made by paper checks, while thirty to thirty-five million also were to be done — and this was only by the first round of stimulus. Paper checks sent fifty-Five billion Dollars on June 5th, 2020.


The assumption is that those with paper checks are unbanked. By the Consumer Federation of America (CFA), it cost, on average, in the U.S., 4.11% of the cost to cash a paycheck by cash checking services. But, this changes profoundly by state, with some states like California having 12% charges. Using this standard across all checks given in the first round, however, yields savings of somewhat more than 2.26 billion dollars if you could remove all of the cost.


While it's possible that people use different methods than cash checking firms to deposit their funds, and that methods will also have their processing fees, this amount is only available to those More stimulus given will increase further with checks whether to hold in the future rounds. It is secure to say that the United States taxpayer could profit in billions of dollars of orders.


The record also saw that 64 million taxpayers (about 41% of filers) listed without any bank information in 2018, making it hard to make direct deposits and serving a population of people who might be unbanked, and would be challenging to receive stimulus payouts to with direct deposit or without necessary processing fees.

More: https://www.consulting24.co/post/digital-currency-for-stimulus-checks-can-save-billions

If you're learning to trade, you should read this.

https://academy.binance.com/en/articles/5-essential-indicators-used-in-technical-analysis

Tunggu info dan Update Airdrop terbaru dari channel
#staytune

Eligma starts 2021 with a major milestone!

https://news.bitcoin.com/eligma-raises-additional-e4-million-equity-investment-at-e50-million-valuation/

MintMe.com Coin is a transparent, egalitarian, ASIC-resistant and smart contract compatible blockchain protocol, built to be mined via websites. Our project CoinIMP.com already supports MintMe.com Coin website mining. MintMe.com Coin is not a token, but full blockchain so please use our wallet to send and receive MINTME.

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Here you can not only trade MINTME but also create your own token based on it!

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https://app.stex.com/en/basic-trade/pair/BTC/MINTME/240

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MY all time favorite Crypto person: Anthony Pompliano, AKA Pomp with a new podacst

"No single person or organization gets to choose who gets amplified and who gets silenced. The power of choice was striped from the user and is now being monopolized by the platform creators."

Must listen: https://pomp.substack.com/p/decentralization-is-a-necessity-now

​​​​What Is Chainlink? | Blockchain News

https://cryptoworldnews.us/what-is-chainlink-blockchain-news/

Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space.

Dogecoin comes up on top for the first time! 🥳
Discover new treasures here: https://coingecko.com/en/discover

A Happy New Year to all of you, and let’s hope it is a better year than 2020, which took us all by surprise with the coronavirus.

Cryptocurrency enthusiasts have had an excellent start as the value of Bitcoin, and the leading altcoins, such as Ethereum (ETH) and Litecoin (LTC) have been surging in value over the Christmas period. It has kept many of us glued to the price on an hourly basis. There were definitely days of waking up and nervously opening whichever device you prefer and checking the numbers, often to find that Bitcoin had achieved yet another All Time High while we slept.

Now that Bitcoin has breached the $30,000 barrier, and even almost touched $35,000 at one point, the predictions for an even higher climb are coming in, as might be expected. We’ve seen a small correction this morning, but the USA-based Binance CEO Catherine Coley is suggesting BTC could reach $100,000 by 2022. Only another year to HODL your crypto then! Coley said, “Where maybe we thought maybe $50,000 made sense, this number is definitely going to be a little bit higher than that in my opinion,” said Coley. “I think we’re going towards $75,000 to $100,000 for Bitcoin by the end of 2021.”

Dan Held, crypto exchange Kraken’s growth lead says Bitcoin could be entering a “supercycle” in 2021 eventually driving the price to $1,000,000. That’s mind-boggling.
Ethereum has also seen a massive surge and is now over the $1,000 mark after a few weeks of apparently hovering around $700. Cointelegraph points out that ETH has “broken a critical price point against Bitcoin, signalling that altcoins may be about to see huge gains.” Michael van der Poppe, a market analyst at Cointelegraph said, “I do believe that we’re seeing money shift from BTC towards altcoins and that Ether has bottomed out on the BTC pair,” explained Van de Poppe. “So probably continuation of altseason in this quarter with the topping out of Bitcoin dominance.”

So, buckle up folks, it’s going to be an interesting year in cryptocurrency, even if other things in the world are less inspiring.

https://lendoplatformltd.medium.com/happy-new-year-cryptocurrency-269b49ddba72

Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year.

Since January, bitcoin has gained 160%, bolstered by strong institutional demand as well as scarcity as payment companies such as Square and Paypal buy it on behalf of customers.

Going from $18,000 to $100,000 in one year is not a stretch, Brian Estes, chief investment officer at hedge fund Off the Chain Capital, said.

“I have seen bitcoin go up 10X, 20X, 30X in a year. So going up 5X is not a big deal.”

Estes predicts bitcoin could hit between $100,000 and $288,000 by end-2021, based on a model that utilizes the stock-to-flow ratio measuring the scarcity of commodities like gold. That model, he said, has a 94% correlation with the price of bitcoin.

Investors like Stanley Druckenmiller, founder of hedge fund Duquesne Capital, and Rick Rieder, BlackRock Inc’s chief investment officer of global fixed income, have recently touted bitcoin.

Retail investors though are still mostly sidelined due to the pandemic’s effect on the economy. But with the entry of Square and PayPal, Lennard Neo, head of research at crypto index fund provider Stack Funds, expects a deluge of retail demand more intense than in 2017.

Neo forecasts bitcoin to reach $60,000-$80,000 by the end of 2021.

Tempus Inc currency trader Juan Perez was unimpressed, even shocked, with all the lofty forecasts and said a bet on bitcoin at $100,000 next year would be a bet on the collapse of the global financial system.

“Governments around the world won’t let that happen. They will not let fiat currencies collapse just like that,” Perez said.