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Profit from fraudulent XRP giveaways

Profit from fraudulent XRP giveaways: Ripple drops lawsuit against YouTube

Ripple and its CEO Brad Garlinghouse alleged that YouTube profited financially from fraudulent XRP giveaways.

Ripple has dropped its lawsuit against YouTube over the social media platform’s alleged aiding and Crypto Engine abetting in several fraudulent XRP giveaways, CEO Brad Garlinghouse announced on 9 March.

Ripple and Garlinghouse filed a lawsuit against YouTube LLC in April 2020, alleging that the platform benefited from the fraudulent activities and failed to step in and stop them as part of its management powers. Garlinghouse announced on Twitter on 9 March:

„Last year @Ripple and I sued @YouTube for failing to enforce their own policies. They allowed fake accounts (posing as verified accounts of me/Ripple) to distribute fraudulent XRP giveaways. We have now agreed to work together to prevent, detect and eliminate these scams.“

The scams involved so-called spear phishing attacks, where a user’s account is hacked and its contents deleted. The account was then set up to look like that of a cryptocurrency celebrity, such as Garlinghouse is. A fake XRP giveaway was then distributed, asking users to deposit amounts between 5,000 and 1,000,000 XRP. In exchange, they were promised that they would receive five times the original amount back.

Ripple and Garlinghouse claimed that YouTube knowingly profited from such scams

Indeed, the company continued to run ads on the fraudulent videos in question.

Garlinghouse pointed out that progress was being made. But social media sites still have a responsibility to keep their own platforms clean, he said. Garlinghouse wrote in response:

„Social platforms are beginning to recognise the role they play in crypto fraud. They are also seeing the need to become part of the solution. Some people, such as @xrpforensics, are helping to track down/trace stolen money, but the platforms need to get involved, otherwise it’s still just blind bashing.“

No details are being made public about the nature of the settlement between Ripple and YouTube, Garlinghouse said. He noted that accountability is needed, especially now that governments are looking more closely at the cryptocurrency space.

Ripple remains under investigation by the US Securities and Exchange Commission (SEC) for an alleged violation of securities laws. The SEC alleges that Ripple failed to properly register the XRP before the platform sold US$1.38 billion worth of tokens to investors.

Nonfungible token art lacks the provable scarcity of “real art.”

Especialistas dizem que construir soluções de custódia é complicado, mas se tornará crucialmente importante à medida que a criptografia se tornar mais valiosa.

Principalmente se os bancos optarem por construir suas próprias soluções , os gastos e o tempo podem se acumular rapidamente

Os bancos terão que contratar desenvolvedores dedicados, “alocando grandes investimentos em infraestrutura”, incluindo data centers e servidores, e executar toda a gama regulatória – um processo que sozinho pode levar de “6 a 12 meses”.

“O nível de esforços e investimentos necessários para fornecer a uma instituição uma solução de autocustódia pronta para a empresa é substancialmente maior do que para um indivíduo. Requer tecnologias e processos de governança ligeiramente diferentes para garantir bilhões de dólares em ativos digitais ”, acrescentou.

Independentemente da rota que os bancos tomem, Pailhon diz que é um sinal da crescente legitimidade da criptografia que bancos como o BNY Mellon queiram fornecer soluções de custódia. Além disso, à medida que o marketcap total da crypto cresce e o valor dos ativos para instituições e até mesmo para alguns indivíduos aumenta, as soluções de custódia segura se tornarão cada vez mais importantes.

“Você não pode proteger 5, 10 ou 50 bilhões de dólares em bitcoins com um servidor baseado em garagem ou um computador com air-gap localizado em um bunker nas montanhas Apalaches. Você deve implementar uma infraestrutura de custódia totalmente redundante, resiliente, segura, certificável e auditável que pode escalar e capacitar milhões de usuários e oferecer suporte a centenas de milhares de transações de ativos digitais em um mês. O sucesso futuro e a adoção de ativos digitais e da indústria de gerenciamento de ativos digitais dependerão disso. ”

Non-fungible tokens are currently a major topic of discussion within the crypto space with creators and collectors alike jumping on the bandwagon

However, Litecoin (LTC) creator Charlie is of the opinion that the hype is unsustainable. Tweeting on Monday, Lee said that, unlike ‘real art,’ NFTs have “zero cost” of creation.

According to Lee, artists in the real world are constrained by time and effort, likening this limitation to proof-of-work. For Lee, this restriction creates scarcity and therefore value for art pieces created by famous artists.

“NFTs, on the other hand, create artificial scarcity,” Lee tweeted, adding, “Because of the near zero cost to create another NFT, the market will eventually be flooded with NFTs from artists trying to cash in on this craze. Supply will overwhelm demand and the prices will eventually crash.”

Lee’s comments are a common criticism of NFTs à la right click and save. However, there are arguments to be made for the art scene — both real-world and digital — being flooded by reproductions. However, the value of the piece often depends on the artist with collectors paying attention to the creator of a work of art, thus distinguishing it from other copycat pieces.

Indeed, the ability to cryptographically sign art pieces is another oft-attributed benefit of NFTs, allowing artists to include metadata, file links, and other necessary copyright elements.

With NFTs, scarcity becomes an expression of consensus, which is why an ultra-rare alien CryptoPunk sold for 605 ETH back in January. While it would be possible to recreate this rare item, it would not be part of the collection created by Larva Labs back in 2017.

Hashmasks, outra coleção da NFT, criou 16.384 “cartões” que venderam mais de US $ 10 milhões nos primeiros quatro dias, conforme relatado anteriormente pela Cointelegraph.

A crítica de Lee também parece limitar os NFTs à arte e não ao cenário mais amplo de colecionáveis ​​com elementos como ativos do jogo e terreno digital. No início de fevereiro, nove terrenos digitais no reino virtual Lunacia foram vendidos por cerca de US $ 1,5 milhão .

SEC zou Tesla’s Elon Musk moeten controleren op marktmanipulatie: Roubini

De NYU econoom waarschuwde ook dat bitcoin zou kunnen „instorten“ als Tether en Bitfinex dit jaar worden aangeklaagd.

Van elektrische auto’s om bitcoin op zijn balans te zetten

De Amerikaanse Securities and Exchange Commission zou „naar mensen“ als Tesla CEO Elon Musk moeten kijken voor marktmanipulatie na de recente beslissing van de maker van elektrische auto’s om bitcoin op zijn balans te zetten, volgens econoom en prominent bitcoincriticus Nouriel Roubini.

Musk heeft de afgelopen weken getwitterd over bitcoin en dogecoin, waarbij hij op een gegeven moment de bio van zijn populaire Twitter-profiel heeft bijgewerkt met „#bitcoin“. Tesla diende maandag zijn jaarlijkse 10-K-rapport in bij de Amerikaanse Securities and Exchange Commission en zei dat het in januari voor ongeveer $1,5 miljard aan bitcoin (BTC, -5,76%) had gekocht.

De professor economie aan de New York University bekritiseerde ook het „onverantwoordelijke gedrag“ van Michael Saylor, CEO van MicroStrategy, omdat hij een aanzienlijk deel van de kasreserves van het bedrijf had omgezet in bitcoin, gezien de volatiliteit van de cryptocurrency. MicroStrategy bezit momenteel 71.079 BTC, volgens een SEC indiening van vorige week.

In een interview op CoinDesk TV’s First Mover waarschuwde Roubini dat bitcoin kan „instorten“ als Tether, de uitgever van de tether (USDT) stablecoin, en crypto-uitwisseling Bitfinex dit jaar worden aangeklaagd. Tether (USDT, -0,06%) heeft een marktkapitalisatie van maar liefst $31 miljard en is onderwerp van meerdere lopende onderzoeken, onder andere van het Amerikaanse ministerie van Justitie en het kantoor van de procureur-generaal van New York. In het centrum van het strafrechtelijk onderzoek van de DOJ naar Tether als organisatie staat de vraag of USDT al dan niet wordt gebruikt om de cryptocurrency markten op te blazen.

De transactie werd in april 2019 openbaar gemaakt nadat

Bitfinex beweerde afgelopen vrijdag dat het het resterende saldo van een lening van $550 miljoen aan zijn zusterbedrijf Tether heeft terugbetaald. In 2018 leende de exchange meer dan $ 600 miljoen van Tether, waarmee het leidinggevenden en eigendom deelt. De transactie werd in april 2019 openbaar gemaakt nadat het kantoor van de procureur-generaal van New York beweerde dat Bitfinex $ 850 miljoen aan klant- en bedrijfsfondsen verloor aan betalingsverwerker Crypto Capital Corp. en fondsen uit de reserve van Tether gebruikte om het tekort in het geheim te dekken.

Roubini voorspelt dat de wereld uiteindelijk „cash zal uitfaseren“ en dat de VS een „e-dollar“ zal creëren. Centrale bank digitale valuta’s zullen centrale bankiers in staat stellen om snel te manoeuvreren met monetair beleid, zei hij, en negatieve tarieven te normaliseren in tijden van economische crisis.

Tether has to pull out – is Bitcoin at risk?

Is the Stablecoin Tether (USDT) really covered by enough reserves? This question has been hanging like a sword of Damocles over the crypto space for a long time.

But this could soon be finally clear

Not only the central banks let the money printing machines run at full speed in 2020. Tether Limited, publisher of the stablecoin Tether, also created more USDT tokens than ever before. Stablecoin critics question whether every USDT is really covered 1: 1 by the reserve of Tether Limited. But soon there could be final clarity about Tether’s financial position: On January 15, Tether and iFinex, operator of the Bitcoin exchange Bitfinex, had to give the New York Public Prosecutor’s Office (Office of the Attorney General, OAG) access to their books. Both companies are subsidiaries of DigFinex Inc. There is also overlap on the executive floor.

Tether and Bitfinex in the crosshairs of the New York Attorney General

The OAG, then headed by Barbara Underwood, has had Bitfinex and Tether in its sights since 2018. At the center of the investigation is the allegation that the sister companies are said to have committed a criminal offense under Article 23-A of the New York Trade Act. The article concerns “Fraudulent Practices Relating to Stocks, Bonds and Other Securities”.

Since January 1, 2019, Underwood’s successor Letitia James has been concerned with the Bitfinex / Tether case. In late April 2019, she filed a public lawsuit against iFinex with the New York Supreme Court. The allegation: Bitfinex is said to have secretly borrowed over $ 850 million from Tether in 2018 to cover up a liquidity shortage. Numerous Bitfinex customers complained about problems with withdrawing funds. That, in turn, had fueled rumors of a bankruptcy on the Bitcoin exchange.

Bitcoin Regeneruje siłę, dlaczego BTC

TA: Bitcoin Regeneruje siłę, dlaczego BTC może odzyskać 28 tys. dolarów.

Cena Bitcoinu zaczęła się obniżać od 28 360 dolarów w stosunku do dolara amerykańskiego. Cena BTC pozostała na wysokim poziomie powyżej 26 tys. dolarów i prawdopodobnie powróci do poziomu 28 tys. dolarów.

  • Bitcoin wykazuje wiele pozytywnych sygnałów powyżej strefy wsparcia 26.000 dolarów.
  • Cena jest obecnie notowana powyżej $26,500 wsparcia i 100 godzinnej prostej średniej kroczącej.
  • Na wykresie godzinowym pary BTC/USD (zasilanie danymi z Krakena) wystąpiła przerwa ponad głównym trójkątem kontraktowym o oporze bliskim 26.800$.
  • Para ta prawdopodobnie nadal będzie się zwiększać w kierunku poziomów oporu 28 000 USD i 28 400 USD.

Cena Bitcoinów pokazuje bycze znaki.

W ciągu ostatnich kilku dni nastąpił silny wzrost ceny Bitcoin powyżej 25.000 dolarów oporu. BTC wzrosła nawet powyżej poziomu oporu 26.500$ i 27.000$. W końcu, cena Bitcoin Compass wzrosła powyżej poziomu 28.000 dolarów i ustabilizowała się znacznie powyżej 100 godzinnej średniej kroczącej prostej.

Nowy wszechczasowy haj został utworzony w pobliżu 28 360 dolarów, zanim cena zaczęła się obniżać. Obracała ona znacznie poniżej poziomu 27 000 dolarów. Nastąpiła również przerwa poniżej 50% poziomu retrakcji Fiba w ruchu w górę z 24 532 $ huśtawki niskiej do 28 361 $ wysokiej.

Jednak byki były aktywne na poziomie wsparcia około 26.000 dolarów. Silnym wsparciem był również poziom 61,8% cofnięcia światłowodu, który wzrósł z 24 532 USD huśtawki niskiej do 28 361 USD wysokiej.

Cena Bitcoinu zaczęła ponownie rosnąć powyżej oporu 26 500 $. Nastąpiła również przerwa ponad głównym trójkątem skurczowym o oporze bliskim 26.800 dolarów na wykresie godzinowym pary BTC/USD. Para ta jest teraz w obrocie powyżej poziomu 27.000$.

Początkowy opór na górze znajduje się blisko poziomu 27.275$. Wyraźna przerwa powyżej oporu 27.275$ może otworzyć drzwi dla nowego przebiegu w kierunku poziomów 28.000$ i 28.400$ w najbliższym czasie.

Świeża kroplówka w BTC?

Jeśli Bitcoin nie oczyści poziomu oporu 27.275 dolarów, może skorygować niższy poziom. Początkowe wsparcie na minusie znajduje się w pobliżu strefy $26,800 i linii trendu złamanego trójkąta.

Pierwsze główne wsparcie znajduje się w pobliżu poziomu 26 500 $. Główne wsparcie nadal znajduje się w pobliżu poziomu 26 000 USD, poniżej którego istnieje ryzyko trwałego ruchu w dół w nadchodzących sesjach.

Wskaźniki techniczne:

  • Hourly MACD – MACD nabiera rozpędu w strefie byczej.
  • Hourly RSI (Relative Strength Index) – RSI dla BTC/USD jest obecnie znacznie powyżej poziomu 50.
  • Major Support Levels – 26,500$, następnie 26,000$.
  • Główne poziomy oporu – 27.275 USD, 28.000 USD i 28.400 USD.

US SEC shows ‚leniency‘ with security token owners

In a Christmas gift to the cryptomime industry, traders who comply with existing rules while keeping security tokens in custody will not face enforcement action for the next five years.

US SEC shows ‚leniency‘ with security tokens ownersNOTHING

The US Securities and Exchange Commission is listening to the crypto community. At least, according to an announcement on 23 December, the SEC is responding to long-term industry complaints that no one knows who can handle security token trading.

The SEC is soliciting comments on the matter and reaching out to the crypto industry. Perhaps most notable is the fact that the commission’s announcement keeps traders safe from surveillance for the next five years:

„In particular, the Commission’s position, which will expire after a period of five years from the date of publication of this statement, is that a trader operating in the circumstances set out in Section IV will not be subject to enforcement action by the Commission. “

The „circumstances“ specified basically boil down to keeping security tokens at the primary focus of the transaction and doing due diligence in terms of cyber security and customer disclosures, including ensuring that each potential customer is aware that the exchange in question is dealing with digital assets also considered securities.

In connection with the announcement, the SEC is seeking comments on a number of issues related to the appropriate requirements for trading security tokens. One of the questions suggests that the commission is trying to allow investors to use non-equity tokens such as Bitcoin and Ether to pay for security tokens: „Should this position be expanded to include the use of non-equity digital assets as a means of payment for digital asset securities? „

Only a few weeks ago, several congressmen signed a letter to the SEC asking the commission for clarification on this matter. These parliamentarians have joined the chorus that has been coming from the cryptomime industry for a long time: for more regulatory clarity.

The SEC’s hesitation in issuing important statements is understandable in a sense. A regulator is unlikely to move as quickly as a technology developer. Consequently, many of SEC’s most conspicuous actions have had very limited application, including a series of prohibition letters for symbolic projects.

Despite long-term hopes that security tokens can update traditional stock markets, the industry has been plagued by isolated negotiations and low volumes.

Bitcoin når nytt 2020 högt till $ 16,7 000 – Handlare förväntar sig större breakout

Bitcoin-priset nådde en ny 2020-topp på 16 765 dollar, och handlare förväntar sig att ett mycket större rally kommer att ske på kort sikt.

Priset på Bitcoin (BTC) nådde en ny årlig höjd på $ 16717 på Binance. Efter utbrottet förväntar sig handlare att ett större rally kommer att ske på kort sikt.

Det finns flera skäl till varför analytiker förväntar sig en långvarig uppåtgående trend. För det första bröt Bitcoin Revolution rent ut från $ 16 000 och tog ut $ 16 473-toppen som uppnåddes den 13 november. För det andra är det en „säljsidekris“ som bryggs eftersom mer BTC ackumuleras än bryts. För det tredje gick BTC upp trots indikatorer som visar överköpta signaler.

Toppanalytiker hade fel när det gäller en Bitcoin-korrigering

Tidigare idag sa John Bollinger, en veteranhandlare och skaparen av Bollinger Bands-indikatorn, att han hade fel när det gäller en Bitcoin-korrigering.

Den 10 november sa Bollinger att Bitcoin visar ett „kortvarigt toppmönster.“ Vid den tiden var Bollinger osäker på om detta skulle leda till en korrigering eller konsolidering, men han sa att han förväntade sig att marknaden skulle svalna.

Ett antal analytiker förväntade sig att Bitcoin skulle sjunka, särskilt när det närmar sig veckoljuset. Ändå samlades BTC kontinuerligt och såg ökad fart. Bolinger sa:

”Det verkar som om jag hade fel när det gäller chansen för en korrigering, allt vi fick var lite konsolidering och sedan tillbaka till tävlingarna. $ btcusd Trasiga inställningar som detta är tecken på styrka så för närvarande är vägen för minst motstånd högre. #BTC ”

Derivathandlare har också pekat på den minskande Bitcoin-utbudet som leder till en kris på försäljningssidan. Denna trend kan orsaka att BTC rally även när den testar stora supportnivåer.

En pseudonym futures- och optionshandlare känd som „Light“ sa att cirka 3 000 BTC har dragits ut dagligen sedan BTC slog 10 000 dollar. Denna trend visar att efterfrågan på Bitcoin är hög och gruvarbetare vägrar att sälja BTC, vilket är optimistiskt för BTC. Handlaren sa:

”Nu till $ 16 600 från $ 11 000. Sedan pausen på $ 10.000 har ~ 3000 BTC tagits ut netto DAGLIGT från de viktigaste BTC-centralbörserna … Gruvearbetare vägrar att sälja sina nyligen halverade belöningar inför efterfrågan och ligger bekvämt över break-even. ”

BTC-priset reagerar positivt på dagens vaccingenombrott

Den 12 november, när Pfizer tillkännagav ett mycket effektivt vaccin mot coronavirus, kraschade priset på Bitcoin med nästan 3% på några timmar.

Den här gången, efter lanseringen av Modernas efterlängtade vaccinresultat, har Bitcoin faktiskt ökat med nästan 5%. Under samma period har guld kämpat och fått bara 0,17%.

Men näringsidkare säger att om Bitcoin sjunker som den gjorde den 12 november, skulle det utgöra en „dip-köp“ möjlighet. En populär kryptohandlare känd som „Hsaka“ sa:

”Förra gången vi hade vaccinnyheter $ BTC följde stonks på den första uppgången, men slutligen gav efter för guld sipprar ner. Prolly ett dopp värt att köpa om historien upprepas och möjligheten ger sig. ”

Kombinationen av teknisk momentum, en kris på försäljningssidan och rallyens momentum gör att BTC förblir stabilt över $ 16.000. Med tanke på att BTC inte har sjunkit snabbt efter sin uppgång, finns det ett starkt argument att $ 16 000 blir ett tillförlitligt supportområde.

Bitcoin acaba de tener su mayor caída de dificultades en la minería desde 2011

La acción de los precios de la BTC se mantiene relativamente estable ya que la red se encarga automáticamente de las tarifas más altas y de los tiempos de bloqueo más lentos.

Bitcoin (BTC) vio su mayor ajuste de dificultad negativa en casi 10 años el 3 de noviembre, ya que la red se cuida a sí misma de forma impecable.

Los datos del recurso de monitorización BTC.com muestran que la dificultad de Bitcoin Pro se reajustó automáticamente en un 16% el martes.

La dificultad se elimina en su mayor parte en nueve años

Las estimaciones habían sugerido anteriormente que el ajuste sería de alrededor del 13%, pero era el segundo más alto en la historia de Bitcoin. Sólo en 2011 hubo una diferencia mayor, el 18%, que también se produjo a finales de octubre.

Los ajustes de dificultad ocurren automáticamente cada 2016 bloques, y permiten a Bitcoin permanecer como dinero „duro“ independientemente de cualquier factor externo que afecte a los mineros.

Tal reducción incentiva a más participantes mineros a competir por las recompensas de los subsidios de los bloques, con el resultado de que la dificultad empieza a aumentar de nuevo.

Sin embargo, en el momento de la publicación de este informe, las estimaciones sitúan el próximo ajuste en otro -16%, lo que indica que el efecto del evento del martes aún no se había sentido.

Para los usuarios, el ajuste a la baja reducirá las tarifas y disminuirá los tiempos de bloque, junto con la reducción del tamaño de las transacciones no minadas en el mempool de Bitcoin. De acuerdo con las estimaciones de Earn.com, la tasa óptima de transacciones de Bitcoin sigue siendo alta, de 80.000 satosis (11 dólares).

El precio de la BTC no se ve afectado

Los comentaristas se mostraron un poco desconcertados, en cambio alabaron el diseño de Satoshi Nakamoto para proteger la integridad de la red y los fondos.

„No hay aspecto más bello de #Bitcoin que el ajuste de la dificultad. Sólo un magnífico diseño del mecanismo“, resumió Travis Kling, fundador del gestor de activos Ikigai.

Mientras tanto, la tasa de hash de la red de Bitcoin parecía estar dando un giro de 180 grados en su propio descenso el martes, con valores medios semanales estimados que empezaban a tender hacia arriba.

La tasa de hash proporciona una visión de cuánta potencia de cálculo se está dedicando a la validación de transacciones de Bitcoin. Hace semanas, la métrica estaba en un máximo histórico, pero perdió alrededor del 25% en la segunda mitad de octubre.

En el momento de la publicación, se notó poco impacto en el rendimiento de los precios de Bitcoin, con 13.000 a 13.300 dólares restantes como soporte y BTC/USD rondando los 13.500 dólares.

„King of Bonds“ Jeffrey Gundlah called Bitcoin inflation insurance

Jeffrey Gundlah, head of DoubleLine Capital, recommended the first crypt currency and gold as assets that can protect capital from impairment due to the weakening dollar. A renowned cryptovite skeptic expressed his views in the Rosenberg Research webcast.

In 2017, Gundlah noted that he was not ready to participate in the Bitcoin Loophole scam boom. In October this year, in an interview with Business Insider, he called the first cryptovaly a „lie“, as he still doubted that it was „impossible to crack“.

„I do not believe in bitcoin. I think it is well tracked. I don’t think it’s anonymous,“ he said.

Gundlah then stressed that he should not be listed as a critic of the first crypt currency.

In the Rosenberg Research webcast he suggested that students hedge against inflation risks by adding gold and bitcoin to their investment portfolios.

DoubleLine Capital manages $141 billion in assets.

Last week the „bond king“ announced that Donald Trump has a high chance of being re-elected as president of the United States.

Let’s remind, quotations of futures traded on the FTX exchange and prediction markets predict a representative of the Democratic Party Joe Biden to win the US presidential election on November 3.

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Stanley Druckenmiller: another billionaire who has bitcoin

Bitcoin Coming Out Continues – Big investors in traditional finance are no longer hiding their love for Bitcoin. After Paul Tudor Jones a few months ago and Bill Miller just a few days ago, today it is Stanley Druckenmiller who admits to betting on the king of cryptos.

Bitcoin, a great store of value?

American billionaire Stanley Druckenmiller is a long-time manager of hedge funds (the famous h edge funds ). He was notably the founder and chairman of Duquesne Capital , a fund that has held up to $ 12 billion in assets under management.

In an interview with CNBC on November 9, Druckenmiller explains that he has gradually completely changed his point of view on Bitcoin (BTC). Indeed, the billionaire realized that:

“Bitcoins could be an asset class that has great appeal as a store of value (…). It has been around for 13 years (sic, 12 years in fact since its white paper) and, with each passing day, it stabilizes more and more as a well-known and recognized brand. “

However, in December 2017 , the fund manager was not kind to Bitcoin, also during an interview with CNBC. He claimed to have „no“ BTC at that time, because the invention of Satoshi Nakamoto did not represent for him a valid medium of exchange , because of its too great volatility .

Gold and Bitcoin are the cure for fiats hyperinflation

A hell of a change in the jacket has taken place since then, since Stanley Druckenmiller says today that:

“I own a lot, a lot more gold than I own bitcoin. But frankly, if the gold bet turns out to be successful, the bitcoin bet will probably work even better, because its market is smaller and less liquid (…). “

If they are betting on safe havens , it is also because the billionaire is short (seller) of fiat currencies , in particular the US dollar .

In summary, not only does Stanley Druckenmiller see Bitcoin as a very good store of value, the billionaire even believes that he will outperform gold. Indeed, the market of the king of cryptos being smaller than that of the precious metal, a possible hyperinflation of fiats currencies would cause an explosion of the price of BTC, higher than the rise of gold.