Bitcoin again over $19,000 – which areas are now crucial

Bitcoin again over $19,000 – which areas are now crucial

Bitcoin is once again trading over $19,000 as this is a crucial level for the crypto currency that the cops have been trying to convert into support.
It remains unclear whether BTC will be able to establish meaningful support at this level.
The selling pressure in this area has proved to be considerable in the past and could continue to hinder growth.
The next market trends will probably still depend on whether or not BTC can recover above its all-time high of $19,800.
Whether or not Bitcoin will be able to gain a foothold in Bitcoin Trader this price region should provide serious guidance as to where it will develop next.
One analyst also believes that a breach above $19,400 this weekend could mean that a move to new highs is imminent.

Bitcoin and the crypto market as a whole have seen some consolidation in recent days.

The selling pressure, which has been evident after each rally to all-time highs, has been intense and has triggered several sell-offs.

Bitcoin has reached several higher lows and shows no intense signs of weakness.

One trader now notes that a breakthrough above $19,400 could be all that the crypto currency needs to recover to new all-time highs.

Bitcoin is currently quoted at a price of 19,150 dollars. This is roughly the range in which it has been traded in recent days.

Today’s recapture of the $19,000 level is positive, as it suggests that the crypto currency could see serious upside in the near future.

Whether or not it can gain a strong foothold above this region should give some serious insight into its medium-term prospects.

Trader: Breakthrough above $19,400 could lead to serious upswing

A trader writes in a tweet that he is looking for a short-term breakthrough above $19,400.

He claims that this will allow the crypto to set new all-time highs, as this is now the last resistance level before $20,000.

„Bitcoin: And since $19,400 and $19,150 were rejected, the low was tested in the $18,500 range, which was tweeted yesterday. All fine, rangebound constructions continue. Breaking $19,400 = new ATH. Losing $18,500 = probably $16K tests.“

The overall market development in the coming days and weeks will probably depend on Bitcoin’s further reaction to the two price levels mentioned above.

O bitcoin sobe a níveis máximos em várias bolsas de valores como ouro, as ações levam uma surra

A Bitcoin balançou a atividade lenta em mercados mais amplos, atingindo máximos históricos em várias trocas de moedas criptográficas durante a sessão comercial de segunda-feira de manhã.

A moeda digital foi negociada até $19.873,23 por moeda na Coinbase, atingindo máximos históricos em Binance, Bitstamp, e Kraken. Por fim, o bitcoin estava sendo negociado por cerca de 5,8% no dia, a $19.047.

Enquanto isso, a Média Industrial Dow Jones estava mais de 1,4% abaixo. O preço do ouro estava negociando mais baixo – somando às perdas de ouro enfrentadas durante todo o mês de novembro. O ouro estava sendo negociado em baixa 0,47% no momento em que foi escrito a $1.782.

A divergência entre ouro e bitcoin é impressionante, considerando que muitos investidores têm caracterizado este último como uma alternativa digital ao ouro, que tradicionalmente supera o desempenho durante períodos de ansiedade. Os avanços feitos pelas empresas farmacêuticas em uma vacina Covid-19 parecem ter enviado o preço do ouro para uma „tailspin“.

„Embora haja muitas pessoas que querem desenhar semelhanças entre os dois instrumentos, acho que esta divergência destaca como eles ainda são diferentes“, disse Craig Erlam, um analista da OANDA, em um e-mail para o The Block.

„Bitcoin tem se saído bem desde março e isso pode estar ligado a alguma crença de que mais estímulos são otimistas, mas diante da expectativa de que as expectativas sejam diminuídas e de uma melhor perspectiva econômica, isso está empurrando recordes e acho que provavelmente irá muito além deles“, acrescentou ele.

As notícias da vacina também pesaram sobre o dólar americano. Apesar de ter tido um bom impulso durante a sessão de segunda-feira, ainda está sendo negociado em quase 5% desde o início do ano.

 

 

L’analyste qui a prédit le fond des bitcoins dit que 7 altcoins sont sur le point de s’effondrer

Un crypto stratège connu pour avoir prédit avec précision le creux du marché baissier de Bitcoin 2018 énumère sept jetons de finance décentralisée (DeFi) qui, selon lui, sont sur le point d’exploser.

L’analyste pseudonyme connu sous le nom de Smart Contracter déclare que Aave (AAVE) est un pari à forte conviction car il pense que l’actif DeFi est sur le point de sortir d’une tendance haussière.

„Certes, je ne suis pas encore sûr de la CTB pour le moment, je peux plaider en faveur des deux parties. Cependant, je suis très optimiste sur de nombreux grands projets de DeFi et j’ai beaucoup plus confiance dans les longs.

Aave, par exemple, se prépare à briser ce triangle ascendant à tout moment“.

Le crypto stratège s’appuie sur la théorie des vagues d’Elliott, qui cherche à identifier les modèles de vagues récurrentes pour prédire le comportement des participants au marché. En se basant sur la trajectoire d’Aave, Smart Contracter pense que le chouchou des DeFi va bondir de plus de 60% dans les deux prochaines semaines.

„AAVE va bientôt devenir parabolique. Vous avez été largement averti de la dernière chance de sauter avant que la vague n’atteigne son niveau le plus élevé.“

L’analyste pousse également ses prévisions un peu plus loin, en déclarant que le programme Aave atteindra un minimum de 150 dollars au début de l’année prochaine, ce qui représente une croissance de plus de 100 % par rapport à son prix actuel de 74 dollars dans environ deux mois.

„150 dollah pour AAVE est inévitable. Une fois que nous aurons déterminé que la résistance à 90 $, la découverte des prix commencera. Je dirais 150 dollars pour les lols, mais je pense que cela pourrait aller beaucoup, beaucoup plus loin que cela“.

Smart Contracter examine également un groupe sélectionné d’actifs supplémentaires de DeFi qui, selon lui, seraient performants face à Bitcoin (BTC).

Selon lui, Synthetix (SNX/BTC), Sushi (SUSHI/BTC), Uniswap (UNI/BTC), PowerPool (CVP/BTC) et yearn.finance (YFI/BTC) ont tous le potentiel d’imprimer des gains de 100 %.
En ce qui concerne PowerPool par rapport au dollar américain, Smart Contracter prévoit que CVP/USD mettra fin à sa tendance baissière une fois que la paire aura franchi le niveau de résistance clé.

„Powerpoolcvp CVP prend maintenant un coup dans la deuxième résistance majeure à 3,3 $. Au-dessus de ce niveau, le ciel est littéralement dégagé“.

L’Elliotticien garde également un œil sur la capitalisation boursière d’Ampleforth, qui, selon lui, devrait atteindre un nouveau record avant l’expiration de 2020.

„RENDRE LA BASE À NOUVEAU GÉNIALE ! AMPL maintenant plus 41%. pro tip, chart marketcap, not price. Le deuxième tour de Ponzi est en cours.“

Pendant ce temps, Smart Contracter est à la baisse sur l’indice du dollar américain. Il affirme que le DXY reste dans une tendance baissière et c’est une bonne nouvelle pour Bitcoin.

„Je pense que le DXY est toujours macro baissier et que ceux qui disent le contraire font des erreurs.

L’OMI, nous allons sur le côté et consolidons avant de sortir le 91 et d’atteindre de nouveaux plus bas. Dans l’ensemble, c’est une bonne nouvelle pour la CTB. Cependant, nous aurons des baisses en cours de route“.

Santander and MIT offer 400 scholarships for courses on blockchain and other technologies

Scholarship offered by a bank in the „Bolsas Santander Tec“ program will cover all the costs of vocational courses.

Those who wish to learn about blockchain technology can apply for one of the 400 scholarships that the bank intends to distribute through the „Bolsas Santander Tec“ vocational education programme.

According to the program, anyone between 20 and 35 years old can participate in the selection of scholarships for Santander. In addition, the courses are aimed at both university students and people who have already completed undergraduate and/or graduate studies.

Thus, in total, there will be eight weeks of classes taught online by MIT Professional Education. With applications open until 30 December 2020, the results of the Santander Tec Scholarship will be announced on 14 January 2021.

Blockchain Technology Course

Blockchain technology will be the subject of a vocational course offered by Santander and MIT called „Blockchain: Breaking Technology“. In total, students can choose from four courses to apply for the scholarship program.

If selected, students may take the course free of charge, as Santander Tec Scholarships guarantees the enrolment of the selected student in the program. Composed by two selection phases, those interested in the Santander programme will be initially evaluated through the student’s profile.

In addition, the bank must consider gender and geographical diversity to choose those selected for vocational courses. According to the scholarship description, the result of the first phase will be released on January 14, 2021.

The description of the course „Blockchain: Technological Breakthrough“ shows that students should learn about exchanges, bitcoin supersplit, governance and contracts related to „tokenization“ of assets.

Santander Scholarship Registration

With applications open since 20 October 2020, the „Bolsas Santander Tec“ programme will receive applications until the end of the year. In addition to students from Brazil, the programme aims to include students from twelve other countries:

  • Germany
  • Argentina
  • Chile
  • Colombia
  • Spain
  • Mexico
  • Peru
  • Poland
  • Portugal
  • United Kingdom
  • United States
  • Uruguay

In this way, classes will be given in three languages, such as Portuguese, Spanish and English. Shortly after 14 January 2020, pre-selected students will be evaluated in the second phase of the Santander Scholarship programme.

Therefore, only after the second phase will students be awarded the scholarship that can guarantee a place in the MIT blockchain technology course.

Google and Microsoft

Besides Santander, Google and Microsoft have a program that offers courses on blockchain technology, known as „I train“. Also with free registration, currently Eu Capacito has two courses on blockchain technology.

One of the courses is considered advanced and has 100 hours of classes on blockchain technology. In this case, students should learn more about the „technology that gives life to Bitcoin“.

Thus, in one of the courses the student can learn how to elaborate intelligent contracts (smart contracts) through blockchain technology. In addition to this technology, Eu Capacito has courses in the areas of Artificial Intelligence, IoT and Parallel Realities.

A treasure trove of 506,000 bitcoins that no one else will ever have? This Wall Street Giant Always Wants More

Treasure Kept in a Safe Place – The rise of Grayscale Investments surprises every day. Its investment funds based on real bitcoin and cryptocurrency underlyings are increasingly attracting institutional investors. In addition, new records have just been broken.

Over 500,000 bitcoins in Grayscale’s assets

The first record broken by Grayscale concerns the king of cryptocurrencies, Bitcoin (BTC). The investment fund proudly announced that it exceeded the symbolic threshold of half a million bitcoins under its management.

In more detail, the company offers 535 million shares in its Grayscale Bitcoin Trust fund , each consisting of 0.00095 BTC . This therefore represents more than 508,000 bitcoins under management.

The One Bitcoin a Day alone thus holds a little over 2.7% of the total supply of bitcoins currently in circulation (around 18.5 million BTC).

A total of nearly $ 10 billion in cryptoassets

Just days before this bitcoin record, Grayscale also announced that it had accumulated $ 9.8 billion in cryptocurrency in its custody.

The bitcoins (BTC) and ethers (ETH) represent the bulk of this war chest with respectively 8.2 and 1.2 billion of these crypto under management.

In the space of just one week since the previous report – where Grayscale reported $ 9.1 billion under his management – so $ 700 million has poured into cryptoassets.

Who could have imagined this a short time ago? An average of $ 100 million per day invested in Bitcoin and its main altcoins by institutional investors (main clients of these funds).

MicroStrategy CEO onthult persoonlijke bitcoin holdings

Oprichter en CEO van business intelligence bedrijf MicroStrategy, Michael Saylor zei vandaag in een tweet dat hij persoonlijk 17.732 BTC in zijn bezit heeft, die hij voor gemiddeld $9.882 per stuk kocht. Naast het verklaren van zijn persoonlijke BTC-transport, zei Saylor dat hij MicroStrategy op de hoogte had gebracht van zijn persoonlijke BTC-investering voordat het bedrijf besloot om Bitcoin voor zichzelf te kopen:

Sommigen hebben gevraagd hoeveel #BTC I bezit. Ik heb persoonlijk 17.732 BTC gekocht voor gemiddeld $9.882 per stuk.

Ik heb MicroStrategy op de hoogte gebracht van deze holdings voordat het bedrijf besloot om bitcoin voor zichzelf te kopen.

De zelfverklaring komt nadat Saylor vorige maand nog had gezegd dat zijn bedrijf de overname van 16.796 BTC had voltooid tegen een totale aankoopprijs van 175 miljoen dollar.

Voordien had MicroStrategy op 14 september zelfs aan de U.S. Securities and Exchange Commission meegedeeld dat de firma haar BTC-holdings „mag“ verhogen tot boven de $250 miljoen die MicroStrategy eerder op 11 augustus van dit jaar had aangekocht.

De CEO was ooit openlijk kritisch over BTC en had eind 2013 gezegd dat de dagen van Bitcoin „geteld“ zijn en dat BTC vergelijkbaar is met „online gokken“. Saylor veranderde echter al snel van gedachten over de crypto en werd een van de bitcoin maximalisten. In feite had hij eerder in een podcast verklaard dat „BTC 1000 keer beter was dan goud“.

Met de recente BTC-stierenloop, zou het beursgenoteerde bedrijf grote winst hebben gemaakt gezien zijn huidige BTC-holdings en zijn prijsstijging tot meer dan $13.000. Onlangs verklaarde een onafhankelijke crypto-onderzoeker Kevin Rooke dat MicroStrategy in de afgelopen twee maanden $100 miljoen had verdiend aan hun Bitcoin-aankopen. Hij vergeleek deze bevinding met de 78 miljoen dollar die MicroStrategy in de afgelopen 3,5 jaar had verdiend met hun daadwerkelijke bedrijfsactiviteiten.

Bovendien had de CEO met betrekking tot het kwartaalrapport van MicroStrategy gezegd dat de bovengenoemde aankoop van $425 miljoen aan bitcoin, „een groter rendementspotentieel“ bood voor investeerders dan het aanhouden van dergelijke saldi in contanten. Hij beweerde dat het maken van de „primaire kasreserve“ van het bedrijf de algemene zichtbaarheid van MicroStrategy in de markt had vergroot.

Op het moment van schrijven was Bitcoin 13.205,19 dollar waard en is de laatste 24 uur met 3,3% gedaald.

Can Bitcoin reach $17,000 soon? Here are the 3 key levels of BTC pricing you should be aware of

Bitcoin’s dominance is increasing as altcoins search for a new background in what may be the perfect setting for BTC to start moving towards new historical highs.

Bitcoin (BTC) has been going up and there is no escape. But most of the large-cap altcoins are apparently suffering from this bull run, which leads to the question: have we had our altseason yet? Is it over or is there something else coming?

Multi-year resistance levels

12-hour chart of BTC/USD

Bitcoin has been eating up the resistance levels of several years as Pacman under the effect of amphetamines, surpassing $11,300, then $12,400 and later $13,100 before seeing a rejection near the $14,000 level.

Chile presents its reality in the crypto industry in the Blockchain Summit Latam 2020

After the $14,400 level there is not much resistance until $17,000 before a new all-time high for the king of all cryptomonies can be recorded. But the question is, can Bitcoin run out of steam?

Well, BTC’s dominance has been increasing dramatically since mid-September, suggesting that altcoins are being sold off to build up those funds in Bitcoin to overcome this last major level of resistance.

Bitcoin Market Cap Dominance 4-Hour Graph

The 4-hour chart of BTC’s market capitalization dominance shows us that it is currently close to 64.8% with very little resistance between 67.80%, which represents an increase of 4.44% and 68.98% represents an increase of 6.34%.

According to Paxful, security and user education are key to boosting confidence in cryptosystems

These numbers may seem insignificant, but the adverse effect they have on major altcoins is overwhelming for those who have large numbers of the most popular ones in crypto space.
Chainlink about to collapse into a single digit

Daily chart of LINK

Just a few months ago, people were waiting anxiously for Zeus Capital to be liquidated in a short $20 million when LINK was trading below $10. The price did a similar trick as Bitcoin did in December 2017 by exceeding the expected $10 price and continued to rise to $20 before falling.

Was it the election? 4 reasons why Bitcoin’s price rose 2% in 30 minutes

The most recent rebound in the price of LINK was about USD 7.50. If that figure appears again, I think the „Marines“ will start to lose their love for their beloved LINK as a price of USD 6.50 seems more likely every day based on previous support and resistance levels.

It is likely that the whales will also be aware of this as 400,000 LINK were sent to Binance today.

If we remember what happened to Bitcoin when it reached $20,000, it took us a good three years to start going back to those levels. So, the smart money could accumulate in coins like LINK and then be poured into Bitcoin before the next big move.

Bitcoin Falls 3% as Hong Kong Looks to End ‚Honeymoon‘ with Cryptcoin Exchanges

I will be watching this closely to see where it hits rock bottom. But for now, it looks like another big altcoin has already done so, which could clear the way.

Bitcoin Whitepaper wird heute 12 Jahre alt

Heute wird der 12. Jahrestag seit der Veröffentlichung des Bitcoin-Whitepapers durch Satoshi Nakamoto begangen.

Hurra! Das Whitepaper von Bitcoin Profit ist heute 12 Jahre alt. Heute vor 12 Jahren veröffentlichte der anonyme Satoshi Nakamoto den Link zu einem Whitepaper mit einer Cypherpunk-Kryptographie-Mailingliste.
Das Whitepaper trug den Titel Bitcoin: A Peer-to-Peer Electronic Cash System. Die historische Innovation hat die Welt in eine völlig neue Phase gestürzt.

Das „King Crypto“, wie es im Volksmund genannt wird, musste viele Herausforderungen überwinden, um dorthin zu gelangen, wo es heute steht. Wie Altcoin Buzz in einem Tweet bemerkte, ist Bitcoin seit der Einführung des Whitepapers vor 12 Jahren 383 Mal „gestorben“.

Von der völligen Ignorierung bis hin zur Unterdrückung von Vorschriften und nun streben mehrere Länder die Gründung eines CBDC an, alles in dem Bestreben, sein Wachstum und seine Entwicklung zu ersticken. Doch Bitcoin scheint unaufhaltsam zu sein, da die weltweite Einführung des Kryptos in beeindruckender Höhe erfolgt.

Geschichte von Bitcoin

Etwa zwei Monate vor dem Start des Whitepapers vom 31. Oktober 2008 tauchte der Domainname bitcoin.org online auf. Am 3. Januar 2009 ging Bitcoin offiziell mit etwa 30.000 Zeilen Genesis-Code online. Satoshi hat die allererste Bitcoin abgebaut, und seitdem ist die Krypto-Datei online. Der Krypto ist so strukturiert, dass in den nächsten 20 Jahren etwa 21 Millionen Bitcoins auf den Markt kommen werden.

Die Erörterung der Geschichte von Bitcoin wird unvollständig sein, ohne Hal Finney zu erwähnen. Finney gehörte zu den ersten Personen, die das Potenzial von Bitcoin erkannten. Er war ein Spieleentwickler und auch ein Mitglied der „Cypherpunk-Bewegung“.

Finney sprach vor seinem Tod 2014 in den höchsten Tönen von Bitcoin. Ihm zufolge war er von der Idee einer vollständig dezentralisierten Online-Währung fasziniert. Eine, die nicht gefälscht, abgewertet und sogar leicht transferiert werden könne. Finney war auch eine der ersten Personen, die die erste Bitcoin (10 BTC aus Block 70) abbaute.

Im Jahr 2010 zog Bitcoin die Aufmerksamkeit mehrerer Händler auf sich. Viele begannen, Bitcoin von Kunden und Auftraggebern zu akzeptieren. Die erste jemals aufgezeichnete greifbare Bitcoin-Transaktion war eine Pizza.

Bis 2012 hatte das Krypto die Aufmerksamkeit von Spitzen-„Technikern“ wie den Winklevoss Zwillingen erregt, die angeblich derzeit 1% der gesamten Bitcoins halten.

Bitcoin-Preisprognosen

Während seiner gesamten Existenz hat der Krypto mehrere Hochs und Tiefs durchlaufen. Zu Beginn wurde es bei 0,003 $ gehandelt und ist derzeit bei über 13.500 $ notiert. Immer mehr Menschen sind auch noch recht optimistisch, was das Krypto betrifft. Kürzlich sagte ein Tesla-Investor voraus, dass das Krypto in etwa 10 Jahren 1 Billion Dollar wert sein wird.

Viele Krypto-Enthusiasten haben sich sozialen Medien zugewandt, um der 12 Jahre seit der Veröffentlichung des Bitcoin-Whitepapers zu gedenken. Die beliebte Blockketten-Sicherheitsfirma Halborn hat die Unterstützung mehrerer Prominenter gewonnen, um Bitcoin einen „Alles Gute zum Geburtstag“ zu wünschen.

Zu den beteiligten Prominenten gehören David Hasselhoff, Gilbert Gottfried und Charlie Sheen.

Zum Zeitpunkt des Verfassens dieses Artikels ist Bitcoin um 2,6 % gestiegen und wird bei 13.627,39 $ gehandelt. Die Krypto hat außerdem eine Marktkapitalisierung von 252.519.643.447 $ und ein 24-Stunden-Handelsvolumen von 21.477.535.111 $.

Erfahren Sie mehr über die Geschichte von Bitcoin auf dem YouTube-Kanal Altcoin Buzz.

 

Septembre 2016, encore une fois : Le nombre de baleines Bitcoin bat des records suite à la récente flambée des prix

Bitcoin a été pris dans une tendance à la hausse constante ces dernières semaines qui lui a permis de rompre sa corrélation avec les marchés financiers traditionnels.

En fait, à un peu moins de 13 100 dollars, la monnaie phare de la cryptologie a affiché dimanche sa deuxième clôture hebdomadaire la plus élevée depuis début 2018.

Le prix du Bitcoin Bank a grimpé en flèche, tout comme le nombre de baleines. Selon les données de Glassnode, un fournisseur d’analyses sur la chaîne, la population de baleines de la CTB a atteint hier un nouveau record historique. Le nombre d’adresses avec au moins 1 000 BTC est passé à 2 231, le plus haut niveau depuis septembre 2016.

Rien que la semaine dernière, le nombre de baleines de la CTB a augmenté de 2,6 %. De même, le prix de la plus précieuse des monnaies cryptographiques du monde a augmenté d’environ 14 %. L’élan à la hausse a été renforcé par l’annonce de PayPal sur le soutien à venir des bitcoins.

Pourquoi la population de baleines de la CTB augmente-t-elle ?

Dans la communauté de la cryptographie, le terme „baleine“ est utilisé pour décrire les investisseurs qui détiennent d’importantes participations dans la BTC et qui ont la capacité de faire évoluer le marché dans un sens ou dans l’autre. Depuis le début de cette année, ce groupe particulier d’investisseurs a augmenté de plus de 14 %.

L’analyste Willy Woo a suggéré que l’augmentation du nombre d’adresses de baleines pourrait être due au fait que les individus et les fonds à valeur nette élevée considèrent le bitcoin comme une couverture potentielle contre l’impression de monnaie expansive et les paris sur cet actif avec de l’argent réel.

En effet, de nombreuses sociétés cotées en bourse et des investisseurs individuels fortunés ont révélé des investissements dans la cryptocarte de référence au cours des derniers mois. Paul Tudor Jones, vétéran de Wall Street, a été le premier à divulguer publiquement son investissement dans la BTC en mai dernier. Depuis lors, plusieurs sociétés ont mis leur poids derrière la cryptocouronne et il semble que cette tendance ne fait que commencer.

What if governments decide to ban Bitcoin (BTC)?

8 minutes of reading Posted by Marine Debelloir on September 24, 2020 at 10:00.

Could governments ban or heavily regulate Bitcoin (BTC) and cryptocurrencies? What are the risks? Are there alternatives? We take stock of the subject.

What if governments decide to ban Bitcoin (BTC)?

First of all, we must remember the independence of Bitcoin (BTC) from governments. The largest cryptocurrency was created to exist outside of traditional financial systems, and especially not to be controllable or censurable by a single entity. The Bitcoin whitepaper begins as follows:

„A version purely peer to peer electronic cash permett r having to digital payments are sent directly from one party to another without having to be handled by a financial institution . “

That’s the whole point of Bitcoin, and cryptocurrency in general. It relies on a very extensive network of miners and users, which means that it is not controllable. In addition, it is impossible to cancel a transaction in BTC, which makes the distributed ledgers tamper-proof. Ultimately, this makes a payment network not censored , which simply requires access to the Internet for use.

But in fact, the decade of Bitcoin’s existence has allowed some limitations to emerge, which mitigate this idealistic vision a little. Originally, Bitcoin mining could be an open and inclusive market par excellence: anyone could mine BTC with their personal computer. In 2020, it is no longer the case: the costs of mining have become so prohibitive that only those who can will allow the practice nt activity . This effectively concentrates the hashrate in the hands of a fraction of Bitcoin users.

And this fraction is mostly located in a single geographic area. Today, between 60 and 70% of Bitcoin’s hashrate is concentrated in China , where particularly low electricity costs have attracted many miners. This therefore raises the question of the possible influence of the Chinese government on these network players.

Governments that have already banned Bitcoin

Either way, Bitcoin is performing well enough to grab the attention of governments in recent years. In some countries, the use of bitco i ns is already illegal . That said, in the vast majority of cases, Bitcoin purchases are allowed, and only certain uses are restricted. But it also happens that countries outright ban cryptocurrency (in red on this map):

Namely that while some governments officially ban Bitcoin, in fact few prosecutions are carried out against those who trade BTC. This has a side effect, however: it prevents local crypto companies from growing. The consequences for the industry are therefore very real.

Why might governments want to ban Bitcoin?

The absolute ban on Bitcoin, with traders who would be prosecuted or who would be prevented from carrying out their activity, is therefore not really a reality for the moment . The scenario is however conceivable. If Bitcoin is not worried, it is also because it does not yet really threaten traditional financial systems, which are based on fiat currencies, such as the euro or the dollar. But if its use is truly democratized, probably we would see a reactionary start from the financial institutions and the regulators . If necessary, a possible ban would be based on several arguments: