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, If Bitcoin falls below $ 40,000, institutions will not worry, Forex-News, Forex-News
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If Bitcoin falls below $ 40,000, institutions will not worry

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, If Bitcoin falls below $ 40,000, institutions will not worry, Forex-News, Forex-News


, If Bitcoin falls below $ 40,000, institutions will not worry, Forex-News, Forex-News

Despite BTC’s rapid $ 3,000 drop from the new all-time highs seen on Sunday. Institutions seem unsure of the long-term prospects for cryptocurrency. If Bitcoin falls below $ 40,000, institutions may not care.

BTC fell to $ 45,600 on Monday, after failing to overcome the psychological hurdle of $ 50,000 over the weekend. So far, however, there are few signs of readiness for deeper losses in the options market.

“There is still a lack of long-term institutional coverage. In fact, the funds continue to take advantage of the sale of put options expiring from June to December at strikes below USD 40,000. Deribit Insights said in a Tweet explaining the reasons for the price drop and the resulting changes in options market flows.

Bitcoin would have to cost 10 times more and be 10 times less profitable to match Tulipomania, says one investor

Bitcoin (BTC) and cryptocurrencies are nothing like the 17th century Tulipomania even after their quick gains, says one macro investor.

In a tweet on February 15, Dan Tapeiro, co-founder of 10T Holdings, argued that in terms of price relative to average income, Bitcoin and Ether (ETH) still have a long way to go before challenging tulips.

The Tulipomania was a brief but intense speculative bubble in what is now the Netherlands. It lasted only a few months between the end of 1636 and February 1637.

Although it only affected a small part of the economy, at its peak a single pound of bulbs cost 1,500 guilders. Which is roughly equivalent to the four-year salary of a qualified carpenter. The implosion, of unknown origin, caused a 90% drop in prices.

Bitcoin detractors frequently compare bull runs on cryptocurrencies to Tulipomania, arguing that the ‘intrinsic value’ of the two assets is virtually absent and speculation rules the market.

Why does Mark Cuban think Ethereum is becoming a better store of value than BTC?

Mark Cuban – Billionaire tech investor has often made contrasting comments about cryptocurrency. Once stating that you would rather “have bananas than Bitcoin” and then disclosing a DeFi portfolio worth a few hundred thousand dollars.

Cuban’s latest comments compare the advent of cryptocurrencies and the blockchain to the early days of the internet. Citing the adoption of smart contracts as a key trend to watch out for in the near future.

“I think there will be a point where sovereign governments use fiat in digital currencies.” He said, on the latest episode of the challenging podcast, arguing that it is a more financially viable option to pursue in the future.

According to him, it is too early to say that Bitcoin acts as an alternative or as a hedge to fiat. However, he sees the use cases of certain other cryptocurrencies to have an advantage over Bitcoin in this regard.

Commenting on the new ability for users to complete complex financial transactions in seconds on DeFi platforms, Cuban says this has the potential to seriously disrupt financial institutions.

He also sentenced:

“I can see, as I saw in the early days of the Internet, how all this is going to go crazy. It’s going to have a significant impact and it’s going to change the game.

He also claimed that he has “wallets everywhere” and has invested heavily in the DeFi space. Since most of this innovation is happening on the Ethereum blockchain, Cuban believes that ETH is becoming a better store of value than BTC.





, If Bitcoin falls below $ 40,000, institutions will not worry, Forex-News, Forex-News

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, If Bitcoin falls below $ 40,000, institutions will not worry, Forex-News, Forex-News

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