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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (166329)	12/23/2020 9:23:48 PM
From: TobagoJack	Respond to of 219431

I plugged 40k into the spreadsheet and the number does not do as well as 100k. Over 100k worked even better :0) zerohedge.com One Bank Asked Its Clients Where Bitcoin Will End 2021: Here's What They Said As Deutsche Bank's chief credit strateigst, Jim Reid, writes, "central banks have driven us here and in turn have also driven Bitcoin to the spectacular year." It's also why in an addendum to his latest monthly survey, Reid explicitly asked Deutsche Bank's clients around the globe where they thought bitcoin would end 2021. Here are the answers: a vast majority think it goes higher with only 27% thinking under $20,000 in 12 months. 41% think between $20-49,999 in various buckets with 12% thinking over $100,000. On an average basis, survey respondents think it will be over $40,000 by then, nearly double current levels. [url=][/url]

To: TobagoJack who wrote (166329)	12/23/2020 9:41:53 PM
From: bull_dozer	Read Replies (1) \| Respond to of 219431

Treasury Secretary on Bitcoin... Mnuchin Warns Against Bitcoin Becoming Next 'Swiss Bank Account'

To: TobagoJack who wrote (166329)

12/24/2020 7:30:52 AM

From: Julius Wong

Read Replies (1) | Respond to of 219431

Bitwise unloads all Ripple in fund after SEC suit
Dec. 23, 2020 10:34 AM ET Bitwise 10 Crypto Index Fund (BITW) By: Stephen Alpher, SA News Editor 22 Comments

Launched for trade only a couple of weeks ago, the Bitwise 10 Crypto Index Fund ( BITW) had about 88% of its money in Bitcoin ( BTC-USD) and Ethereum ( ETH-USD), with Ripple ( XRP-USD) making up 3.8% of the fund.

The fund this morning announces the liquidation of that entire amount, the move coming after the SEC yesterday filed suit against Ripple, calling the asset (not without reason) an unregistered security. XRP is lower by another 30.6% today to $0.33. BITW is down 8.4%
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As for Bitwise, it's mostly been in the news this month for its newness, its 2.5% management fee, and for trading at a whopping premium to NAV. Regarding that management fee, it prompted older peer, the Grayscale Digital Large Cap Fund ( OTCQX:GDLC), to trim its fee 50 basis points to 2.5% earlier this week.
The news on Ripple has many other alt-coins lower, including Ether, Litecoin ( LTC-USD), and Bitcoin Cash ( BCH-USD). Money is flowing into Bitcoin though, which has recovered from an initial slump to about $22K to return to near record highs in the $24K area.

Seeking Alpha contributor Zvi Bar calls BITW "a well-designed crypto-index statutory trust, but it is currently overvalued due to an absurd NAV premium that is all too typical of the asset class."