While bitcoin prices touched all-time 2020 highs on Tuesday, a few analysts say they are expecting only a few more hurdles to surpass the 2017 all-time high (ATH). For instance, the market analyst from Etoro, David Derhy, says to look to $20,000 instead of back at $12,000.

• A few traders and popular cryptocurrency analysts think that bitcoin (BTC) simply needs to cross the $14k region and its lift-off from there. Tuesday’s 2020 ATH of $13,684 is just shy of last year’s ATH at $13,796 per bitcoin which was accomplished on June 26, 2019.
• Macro strategist Raoul Pal said on Tuesday that there are only two major BTC price resistances left. “There are literally only two resistances left on the bitcoin chart – $14,000 and then the old all-time high at $20,000,” Raoul Pal tweeted on Tuesday. “I fully expect new all-time highs by early next year at the latest.”

• Senior market analyst for Etoro, Simon Peters, explained this week in an investor’s note that “stimulus fears could stoke the fire for bitcoin.
• “We may also see an uptick of inflation, another important aspect of Satoshi Nakamoto’s view of modern economies that drove him/her/them to create Bitcoin,” Peters wrote. “It will also be interesting to see how this impacts the correlation between bitcoin and equity markets.”

• “Okex futures order book asks being pulled/executed at market in the last few days as BTC consolidates,” the popular crypto analyst dubbed ‘Light’ told his 25,000 Twitter followers on Tuesday. “A move above $14k in the near term is increasing in probability,” Light added.
• In the same investors note, market analyst from Etoro, David Derhy, detailed that people should “look to $20,000 instead of back at $12,000.”
• “The current run could simply push through all the way to $14,000,” Derhy wrote this week. “If that is the case, then the next level from a technical and fundamental perspective would be $20,000. With the U.S. election coming up next month, further economic stimulus from the government is going to happen even if the size of that stimulus is still up for discussion. I am of the view that we won’t see a drop back down below $12,000 for a while yet.”
• Just recently, the ‘Oracle’ Vinny Lingham said similar statements and doesn’t expect the price to drop below $12k during the next 30 days.
• Meanwhile, bitcoin’s (BTC) hashrate has seen a 45% slump during the last three days.

What do you think about the price pushing past the $14k zone and do you think $20k is coming next? Let us know what you think in the comments section below.

Source Article:-  https://news.bitcoin.com/if-bitcoin-passes-14k-analysts-say-traders-should-look-to-20000-instead-of-looking-back/

The CEO of Nasdaq-listed billion-dollar company Microstrategy has made a strong bull case for bitcoin. He says there is a $250 trillion ocean of assets looking for the ideal store a value right now and bitcoin is a better store of value than gold or tech stocks, so “a lot of that monetary energy is going to flow from the asset ocean into the crypto pond.”

Comparing Bitcoin to Investing Early in Apple, Google, Facebook, Amazon

In a webcast with Hedgeye CEO Keith McCullough, aired last week, Microstrategy CEO Michael Saylor outlined a highly bullish case for bitcoin’s price. The Nasdaq-listed Microstrategy recently invested $425 million in bitcoin as its primary reserve asset.

Saylor began by explaining that he has always been a big tech investor. “The thing about technology is figuring out the thing that’s going to eat the world. If you’re right, own it, hold it, and wait,” he advised. The CEO gave the example of Apple, Google, Amazon, and Facebook, emphasizing repeatedly that it does not matter when you bought those tech stocks. “The truth of the matter is if you’d bought Google, Apple, Amazon, or Facebook at any point between 2010 and 2020 … I think it’s impossible to have lost money at any point for the decade … your investment mistake would be trying to time the market on those things.”

The Microstrategy CEO added: “Bitcoin is the first software network in the history of the world that can pull monetary energy, so these bitcoiners have figured out something that is really a thing of beauty and extraordinary value. They are pulling pure monetary energy on a network.” He elaborated:

If I take $100 million and I put it into bitcoin, it could sit there for a decade like in a battery. It won’t bleed out. You’re not losing 2% to 4% a year and I can put it in the palm of my hand and I can move it around the planet for a few dollars in a few minutes and we have never in the history of the world figured that out.

Bitcoin Is Not So Volatile

One classic objection investors have to investing in bitcoin is its volatility. Speaking on the subject, Saylor said he has been looking at the volatility of different assets over the last three, four, and five months. He looked at 30-year Treasuries, 10-year Treasuries, the NASDAQ, the Russell 2000, gold, silver, Apple, Amazon, Facebook, Google, and more. After comparing their volatility to bitcoin, Saylor concluded:

My unscientific view is on every single day at least half of those assets are more volatile than bitcoin. And on a lot of volatile days, I’ve seen 80% to 90% of them be more volatile than bitcoin.

“So I think there’s a historic narrative/belief. People think they know this is volatile but in fact, it’s not looking that volatile to me over the past three months. I don’t think over the next decade it’s going to have the same characteristics of volatility that it had over the last decade,” Saylor said.

The Microstrategy CEO proceeded to discuss how investors are using Apple’s stock as their store of value. “People are literally using Apple’s stock as a store of value because it’s deflationary. Apple is buying it back and they think Apple is not going anywhere and they’re desperate to flee [from] currency.” However, he pointed out that “Apple is more volatile than bitcoin for the past three months.”

Bitcoin Is a Better Store of Value than Apple’s Stock or Gold

Besides Apple’s stock, gold is still investors’ favorite store of value. However, Saylor explained that neither are as good as bitcoin as a store of value.

“The truth is Apple’s stock is not scarce. The executive team can and will eventually print more and if that doesn’t dilute you then they’ve got regulatory risk, competitive risk, [and] execution risk — a lot of moving parts … that’s why they’re not good over the long term,” he detailed. As for gold, he said: “if you put $100 million into gold and the gold miners print 2% to 3% more a year, let’s say 2% more, well, over 100 years you lose 88% of your purchasing power.”

The CEO explained that these stores of value worked in the past because there was no alternative. However, things have changed. “In the year 2020, you have a choice, you have a digital gold,” he declared. “They cannot make any more. Bitcoin miners are the friends of bitcoin owners. They’re not the enemy of bitcoin owners.” He explained that to store $100 million for 100 years, you will lose 85% of it under the best case if you put it in gold. “Under the likely case, you lose it all because the bank will fail, the country will fail, [or] somebody will seize it,” he claimed.

Saylor presented bitcoin as the best solution: “The reason that the bitcoin maximalists … are passionate and religious about this is because for the first time in human history you can take all of your wealth and your life force. You can put it into an asset. You can keep the keys. You can take custody of your million dollars, your hundred thousand dollars. No government, no bank can take it away from you. There’s nobody to tell you you can’t own your life force, and if you have hopes and aspirations for your family, for your religion, for your life, then you have the power to achieve those hopes and aspirations without asking the permission of a bank or a government or politician.”

The Microstrategy CEO then spoke about the trillions of dollars currently in alternative assets that function as stores of value, including gold, technology stocks, and bonds. He proclaimed:

There’s a $250 trillion ocean of assets. They are looking for the ideal store of value right now.

Maintaining that bitcoin is a better store of value than other assets he previously described, he emphasized: “bitcoin is digital gold. It’s better gold than gold and it’s a better store of value than big tech.” He believes that as investors understand this, “a lot of that monetary energy is going to flow from the asset ocean into the crypto pond and everybody that makes the transition is going to benefit.”

Do you agree with Michael Saylor’s vision for bitcoin? Let us know in the comments section below.

Source link:-https://news.bitcoin.com/250-trillion-assets-bull-case-bitcoin/?fbclid=IwAR0KAyZrS741X5ZW2ebJEC40XKZTLTSW00Iy2swqLu6WRHx-Xr6plLharEg

Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court. The man and his wife were sentenced to two years for illegal money transmission and the court claims the couple’s bitcoin stash was used on the deep web.

Dutch officials recently arrested and charged a man and his wife for illegal money transmission and money laundering. According to the Dutch Public Prosecution Service from the Rotterdam District Court, the two suspects laundered close to $19 million using bitcoin during the last two years. Most of the couple’s illegal earnings were stored in bitcoin and the Rotterdam police confiscated the stash.

The man and woman were residents of North Holland’s Hilversum and the couple will face two and a half years in prison for their crimes. Dutch prosecutors noted during the trial that the traders did not leverage proper KYC/AML guidelines while operating the business.

“Traders did not ask customers for identity papers, while large amounts were often exchanged,” the Rotterdam court filing notes. “The suspects, a man, and his wife, came into contact with customers through advertisements on the Internet and a marketplace on the dark web. Much of the bitcoins traded bore traces of the dark web. The court has established that the suspects laundered more than 16 million euros in two and a half years.”

Court documents show that the police confiscated two different bitcoin stashes with one cache holding 1,488 BTC and the other wallet held 1,044 BTC. In addition to the $33 million worth of bitcoins seized, Dutch police also took $295,256 in cash reserves. Court prosecutors said that the couple purchased bitcoins in order to exchange for cash. Police said that the couple leveraged methods to keep their customers unknown.

On a regular basis, the couple met people and businesses at fast food restaurant chains in order to execute the cash for bitcoin exchanges. Prosecutors believe a great number of these coins sold by the Hilversum made it to the deep web and were used on darknet marketplaces (DNM).

The Dutch police are well known for many bitcoin seizures and crackdowns against DNM operators. Four years ago, Dutch police arrested 10 individuals from the Netherlands for laundering large sums of bitcoins. The Netherlands law enforcement officials are also responsible for the great Hansa takedown, where undercover agents operated the DNM for over a month without customers knowing.

In addition to the $33 million in bitcoins seized and the two and a half year prison sentence, the couple must also pay fines individually. The couple will pay $53,137 for one levy and $162,955 for the forfeiture operations.

What do you think about the Dutch police confiscating $33 million worth of bitcoin? Let us know what you think in the comments section below.

Source Link :-https://news.bitcoin.com/dutch-police-seize-33-million-in-bitcoin-from-couple-accused-of-money-laundering/

Bitcoin is on a serious roll as of late. The world’s number one cryptocurrency by market cap has been surging over the past few days, and it looks like the asset’s price is just getting bigger and bigger with each passing moment.

Bitcoin Is Exploding As of Late
Just yesterday, bitcoin moved well past the $12,000 mark and was trading for about $12,700, marking the highest point it’s reached in over a year. The last time bitcoin hit $12K was in late August, only then, the asset struggled to maintain the momentum it needed to stay on a bullish path.

This time, however, things are quite different. Bitcoin has spiked again and gone well beyond the $12,900 position. Just a few dollars more and bitcoin will hit $13,000, and many analysts are confident this will soon occur. In fact, several claim that investors should be looking forward to bitcoin hitting $14,000 soon.

Bitcoin’s sudden jump comes following news that PayPal – an online payments firm – is allowing people to use cryptocurrency as a means of payment for goods and services. This is the first time the platform has enabled such a move, and it’s getting widespread attention from investors and traders everywhere who now believe that crypto is reaching a new position in its fight towards mainstream status.

Constantine Kogan – managing director at digital asset firm Wave Financial – commented in a recent interview that:

2020 is fast becoming the year of crypto acceptance and we see 2021 as the year of mainstream adoption. All of this is bullish for the price of bitcoin and it’s safe to assume that bitcoin will remain a strong bullish trend. We believe a year-end price beyond $14,000 is easily achievable as the market hasn’t fully absorbed all the positive news.

Aside from the data regarding PayPal, many are still waiting with bated breath for more stimulus checks to emerge from the ashes of Congress. Many are confident that Americans can expect another round of checks to help them out during this time of economic strife. Simon Peters of e-Toro fame stated in a recent discussion:

It will also be interesting to see how any news regarding a fiscal stimulus package in the US affects bitcoin prices, given the crypto asset’s recent high correlation with US stock markets. Investors should look to $14,000 as the next target, a high not seen since June 2019.

Will We Soon Be Back in 2020 Territory?
Some are confident that bitcoin’s good fortune is set to last and will bring it close to where it was during the final months of 2017. Nigel Green – chief executive of deVere Group – states:

There’s a growing sense that we’re set to experience a mini-boom similar with that at the end of 2017. Prices are yet to catch up with investor interest, but this is only a matter of time as investors will not want to sleepwalk towards perhaps year-high prices in the run up to the end of 2020.

Payments giant PayPal is set to introduce cryptocurrency buying and selling options, with customers able to make purchases using Bitcoin from 2021.

There are very exciting integrations and agreements in the pipelines that will add to the great news that Electroneum is now part of the very prestigious Blockchain for Europe association along with Ripple, Binance, Cardano, Billon, Fetch.ai, and several more.

The membership by unanimous vote helps further enhance Electroneum's leadership role in the UK and the European Union, said Marketing Manager Jonathan Marriott, who was key in getting our project accepted by the lobbying group.

"Moving forward, we will be helping the association to advise on future EU legislation, ensuring rules and regulations do not inadvertently stifle blockchain technology and innovation," said Jonathan.

In a welcome statement, Blockchain for Europe Chair Maria Minaricova said, "Electroneum has a record as a well-established company led by a highly professional team with a goal of financial inclusion that of crypto and blockchain experts worldwide."

Jonathan Marriott said that "In addition to preparing for our Blockchain for Europe announcement, we have been maintaining a great number of conversations with influencers, of whom are at final stages of negotiation."

CEO Richard Ells sent an email out to the entire Electroneum community on 1 October in which he speaks about the membership and provides many other exciting updates.

"Our addition to Blockchain for Europe is an incredibly important development for Electroneum as it places us on the leading edge of regulatory discussions across Europe," he explained. "We join the likes of Ripple, Binance, and Cardano, just to name a few, in advising the European Union on the implementation of blockchain in current and future legislation."

He also explained that "much of what we will be discussing will be of the utmost secrecy, we will endeavor to share with you what we can to keep you up to date."

Devs and ETN adoption

Richard also spoke about the tech development side of things. "New developers are essential with the runaway success of AnyTask which is hugely aiding ETN adoption, and to help integrate ETN payments with lots of exciting new things to buy with ETN!"

"I'm pleased to announce that we are in the final stages of rolling out new top-up services to more than ten African countries and should be released shortly," he said. "This update will not only expand electricity meter top-ups across more regions but will introduce two new top-up services to the Electroneum platform."

He further explained that "people worldwide will now be able to purchase food and building materials for their family back home. All they need to do is select a store nearby where their family members can collect."

Enhancing customer service

"Increasing customer satisfaction and enhancing our customer experience on AnyTask has been our major focus this quarter," Richard said. "We have introduced deliverability stats to help buyers find the best freelancers at a glance. We've also implemented SMS notifications and new order pop-up notifications to improve the acceptance rate and deliverability of orders."

He also said, "The latest AnyTask release includes a simplified sign-up process, making getting started even quicker, and an improved checkout journey. And this is just the start! We have lots of exciting features on their way."

More from the tech team

Product Manager Jordan Lowe said the tech team is working intensively on many new developments.

"The entire tech team is bustling working on lots of exciting developments," she said. "We've simplified our AnyTask sign-up process to just a couple of fields, whether you're buying or selling a task, the process is now super quick and easy."

Jordan explained that "We've also improved the algorithm that powers our search results, making it easier for buyers to find the best tasks and sellers. In the coming weeks, the team will focus on optimizing the look and feel of the homepage, enabling seller holidays and making some UI improvements."

From the support team

Support Manager Sam Warren revealed plans for expansion of the team he leads.

"We are currently working on our reporting side of Zendesk while also discussing the possibilities of expanding our current team to ensure we deliver the best service possible," Sam said.

"Training is key to ensure we improve our support to the community. We're making sure all our staff is ready for when our live chat on AnyTask goes live 24/7."

Growth is relentless

The Electroneum and AnyTask user base continue to grow relentlessly. In the past week, we've seen over 4,200 more Electroneum registered users bringing the total to just under 4.06 million.

Over 4,665 Electroneum app downloads also took place to bring that total to 2,688,696. Total phone top-ups are now 207,401 after our users completed 1,219 during the past week.

As of 1 October, AnyTask has 15,911 tasks listed across dozens of categories and subcategories, logo design, and video editing being some of the most popular. The userbase on AnyTask is up to over 537,700, who registered as either sellers or buyers.

The next few weeks should, in theory, be packed with exciting developments as Electroneum continues to expand its visibility and credibility, an indication of which is the fact that a CNBC producer has contacted us for an exploratory conversation about including us in one of their shows.

Running after a dream is what gives meaning to life. That night in the rain the Pelayo’s were convinced they had reached it.

Gonzalo García Pelayo has been trying to discover the secret laws of chance for half his life, a dream that was costing him dearly. But he had been trying to make it come true for so long that he wasn’t willing to give it up for anything in the world. This is the story of that dream. signup Here

This is how the film “Los Pelayos” begins, based on real events, in which the García-Pelayo family managed to unseat the main casinos in the world from roulette.

Gonzalo Garcia-Pelayo was the first person to have a winning system in roulette. He also created more systems such as betting, poker and sports betting. This trajectory is the one that has been overturned for developing a system as the one that today presents us in Mind Capital. Meet him in this short interview where he gives us a glimpse of what his career has been and how it has evolved over time. registration mind capital 

Now you are the CEO of Mind.Capital but we wanted you to tell us a little bit about your career. How have these systems that you have had in the past evolved?

The fundamental thing in my career, was to look for systems. the roulette system, really gave us popularity because, practically all over the world, was the first time that a system could win at roulette legally. It had an absolutely invincible halo. It was in the news and history reported in several prestigious world media. And the final touch was the premiere of the movie “The Pelayos”.

Besides that, you have also dedicated yourself a lot to do movies and music.

Indeed. Music has been the greatest dedication I have had when I had to leave the cinema. I dedicated myself to the cinema for a few years on my own, but then the difficulties that are always present in the cinema, economic and organisational, the complexity of relations with the State, made me tired.

To my surprise and pride, 30 years later, my films were rescued and screened in different retrospectives at prestigious European festivals, in Vienna, Paris, Lisbon, and the cinematic ones in Spain, etc. And about music, it was my other hobby for over 30 years, as I didn’t dedicate myself to the cinema.

Ok, and what exactly was the reason to start with Mind.Capital and do it as a Network Marketing company?

Well, on one hand, we had developed a new system based on Crypto-fiat arbitrage, which is today the main product of Mind Capital.

Arbitrage is a technique that has a minimum risk, although it needs a very specific technology to achieve optimal results, which we achieved and tested for many months. When we saw it worked, we decided to put it on the market. In our product team we have experts in mathematics, economics and technology and they allowed us to achieve an exceptional first product.

At that time, there were several coincidences. One of them was that we met a group of top network marketing leaders who loved the idea. The other coincidence was that we were able to contact an extraordinary corporate network marketing team that had a huge experience and an excellent track record in this industry.

We got down to business and started with Mind.Capital. The rest is history; from the very day we went to market, we have not stopped growing.

None of my projects have had a reception, diffusion and growth as Mind Capital has. Without any doubt, it is thanks to the network marketing, for the great work carried out in its networks by the leaders and the “Know How” of our Corporate.

In how many markets does Mind.Capital already operate?

The last official figure for April are 80 countries, but since then, we have started operating in several more. Probably almost 90 now. And in all those markets we have customers and distributors who receive benefits every day.

How many users does Mind.Capital have today?

Today we can say that we have around 70,000 people with active licenses, which means, they want to operate with our systems. Obviously, not all of them make a distribution network, since it is not an obligation or an indispensable condition. In mind capital, each user is free to choose how he/she wants to develop, his/her independent business, always within the parameters of the company.

We have seen that they have a profile published on the web that they are the Ambassadors, what are they?

Ambassadors are the equivalent in the industry to what diamonds would be. In fact, we have enough to be in our first year of life. Last month there were 11 and this month there will be some new ones.

How long does it take to become an Ambassador at Mind.Capital and what are the requirements?

Our company will be one year from pre-launch on October 1st 2020 and 1 year from launch on January 11th 2020. Many of them arrived at Ambassadors before 6 months of activity from pre-launch. The main requirement is to have $4M of network volume. Many already exceed this by far.

What is MCCoin?

MCCoin is our reference, basically it can only be used to operate within Mind Capital, so that you know, the entry value and the exit value, and this facilitates a greater trust with the user by knowing at all times the value of his portfolio. It’s like a casino chip, it has value only within that casino.

What is Little Pelayo?

Little Pelayo is our telegram chatbot. It helps both the customer and the distributor to quickly find all the information they need and has helped us to make the speed of the distributors business start up compress in an important way, and this has made an important difference in the industry.

To date, it has already had more than 200,000 queries worldwide since it was launched in April. We have 2 versions. One in English called Little Pelayo, and one in Spanish called Pelayín.

Little pelayo: https://t.me/littlepelayobot

Pelayín: https://t.me/pelayinbot

Where is the future of Mind Capital headed?

We are developing several new products, which we will launch soon, we have an R&D team that continually develops and tests new products, and our corporate team, together with our leaders, is studying how to incorporate them to the market. With all this, Mind.Capital is positioned as a reference in the market, and we will continue to be so for a long time.

About Mind.Capital

We are experts in obtaining returns from crypto assets. Mind.capital is a high-tech system that allows returns to be obtained from crypto-assets, led by Gonzalo García-Pelayo together with an international team of experts in mathematics, economics and technology.

After several years of research, we are able to study in real time the evolution of the main crypto assets and their sale price in different currencies and find the optimum moments of buying and selling. From only 40 Mccoin, our platform allows anyone to be a participant in the returns obtained.

Gonzalo García-Pelayo has been a music producer, film director, radio host, television host and is famous for having beat the casinos in the nineties with his roulette system, the story of which was taken to movie theaters with the film «The Pelayos».

He has also written several books on betting, «The fabulous story of Los Pelayos», «Learn to play poker with Los Pelayos» y «Bet to win». In 2006 he opened his school to win at online poker “Los Pelayos Poker” and shortly afterwards, he revolutionized the world of sports betting. Now, he has put all his experience into finding a way to obtain returns from crypto assets.

Source Links :- https://www.businessforhome.org/2020/10/interview-with-mind-capital-founder-and-ceo-gonzalo-garcia-pelayo/?fbclid=IwAR3D5GUYK-26nWS03JSl4Dw3vyxwrA5AQf5qkL9NEZt3EVTD_nVUSMQFU5A