Bitcoin and the liberation of the US? – Rapper Kayne West is Pro BTC

The US rapper Kayne West is one of the most famous stars in the USA. The billionaire, who is also running as an independent candidate for the US presidential election this year, commented on Bitcoin and its potential in a recent YouTube interview. The rapper and fashion designer gave interesting insights into his point of view.

West attests the crypto currency Bitcoin, for example, the potential to “liberate the USA.” In this article we take a closer look at the rapper’s quite exciting statements.

Bitcoin as a US liberation? – Kayne West

Kayne West is considered a controversial figure. His statements appear again and again to outsiders as bizarre and sometimes crazy. However, West has undoubtedly built an empire, which is based in particular on the two pillars of „music“ and „clothing“.

However, West is not satisfied with this situation and is running as an independent candidate for the US presidential election this year. In the foreground of his campaign is his relationship to God and religion.

However, anyone who thinks of a conservative picture is wrong. In the current podcast interview with Joe Rogan, Kayne West spoke about Bitcoin and his views on cryptocurrency .

Above all, he showed his appreciation for the „Bitcoin geniuses“ who show true foresight and believe in sustainable change in society.

These people have a look at the way true liberation of America and society can look like.

West said that many personalities from the “tech spectrum” push the boundaries forward and thus help shape social change.

Many of these tech people, but especially the Bitcoin people, have been able to take advantage of the new avenues, even the new avenues of information and technology, while pushing the boundaries further. The political system, on the other hand, is still clinging to old values ​​and the classic electoral college.

Companies like Square or Microstrategy as pioneers

Kayne West emphasized in the interview that he had prepared intensively for the talk. For example, he spoke to venture capitalist Anthony Schiller and Coinbase co-founder Fred Ehrsam.

In this respect, West spoke to personalities from the cryptospace who were able to give him interesting insights. In the course of this, the rapper also emphasized the pioneering role of companies like Square or Microstrategy, which had set a stone in motion.

Interestingly enough, Joe Rogan also said after the interview that it “far exceeded his expectations”. Rogan has interviewed several US presidents in the past and made it clear that with Kayne West you can actually understand „how this man thinks“

The rapper emphasized several positive aspects of Bitcoin in the interview. What is your opinion on what Kayne West said?

L’énorme mur d’argent qui s’abat sur le bitcoin : le prix atteindra 1 million de dollars dans 5 ans, selon Raoul Pal

Le macro-stratège Raoul Pal affirme que le prix du bitcoin atteindra 1 million de dollars dans cinq ans.

Il attribue l’augmentation du prix à l’adoption par de grands groupes d’investisseurs et à „l’énorme mur d’argent“ qui s’abat sur le bitcoin, plutôt que parce que „le monde s’effondre“.

1 million de dollars de bitcoin en 5 ans

L’ancien gestionnaire de fonds spéculatifs Raoul Pal a partagé son point de vue sur l’économie, l’or et le bitcoin la semaine dernière dans une interview podcast avec Daniela Cambone de Stansberry Research. Raoul Pal a précédemment cogéré le GLG Global Macro Fund à Londres après avoir quitté Goldman Sachs, où il a codirigé les activités de vente de fonds spéculatifs dans le domaine des actions et des dérivés d’actions en Europe. Il a ensuite fondé Global Macro Investor et Real Vision Group.

„L’économie ne va pas se redresser avant bien plus longtemps que prévu“, a-t-il commencé. „Il n’y a pas de relance et nous avons d’autres problèmes à venir en Europe, aux États-Unis et ailleurs. Et les entreprises n’ont pas assez de cash-flow, elles ferment en masse et c’est ce que j’ai appelé la phase d’insolvabilité“. L’ancien gestionnaire de fonds spéculatifs a ajouté : „La seule réponse vient davantage des banques centrales, c’est pourquoi j’ai commencé à acheter de plus en plus de bitcoin“.

Son portefeuille était autrefois réparti à parts égales entre les dollars américains, l’or, les actions et les bitcoins. Cependant, il a révélé pendant le podcast que sa répartition en bitcoins est „probablement supérieure à 50% maintenant“. Tout en reconnaissant que cette allocation de la CTB l’expose à une baisse de 50 %, il a déclaré que c’était normal pour lui car la hausse est „beaucoup plus importante“.

Pal a expliqué qu’il a réduit ses liquidités et qu’il a investi les fonds dans des bitcoins. „Mes positions de trading sont relativement faibles car je ne pense pas qu’il y ait autant d’opportunités que dans le bitcoin. Donc, en réalité, il s’agit surtout d’un peu d’argent liquide, d’or et de bitcoin. Et je caresse même l’idée de vendre mon or pour acheter plus de bitcoin“, explique le fondateur de Global Macro Investor :

Je ne déteste pas l’or, mais quand vous arrivez à la macro opportunité … si le bitcoin commence à sortir de ces schémas qu’il a formés, il va surpasser massivement l’or. J’en suis sûr à 100 %, alors dans ce cas, pourquoi aurais-je l’allocation d’or ?

L’ancien directeur de Goldman Sachs a précisé qu’il „ne craint pas l’hyperinflation, le défaut de paiement ou quoi que ce soit d’autre“, ajoutant qu’il est intéressé par le fait que les gens „adoptent une unité de contrôle différente pour leur épargne et leurs avoirs de réserve“.

Pal a une prévision haussière sur le prix du bitcoin, prévoyant qu’il sera d’un million de dollars d’ici cinq ans. Il a expliqué :

Ce ne sera pas parce que le monde s’effondre [mais] parce qu’il y aura une adoption par les véritables grandes réserves de capitaux.

Il voit l’adoption des bitcoins se faire par vagues, en commençant par le commerce de détail et en passant aux fonds spéculatifs. Cependant, il a noté : „Nous n’en sommes pas encore là. Vous ne pouvez pas amorcer des actifs de bitcoin cassés, mais cela va venir. Nous commençons à voir des bureaux familiaux dans l’espace. Ensuite, il y a les institutions, les fonds de dotation, les plans de pension, et parmi ceux-ci, vous trouverez des gouvernements … qui disent soudainement que nous avons alloué 5 % de bitcoin“. Il pense que ce sera un pays comme le Nicaragua ou un pays avec des problèmes constants de dévaluation de la monnaie. Quand cela arrivera, il dit que ce sera „une autre histoire énorme“, un peu comme l’histoire de Microstrategy qui a transféré 425 millions de dollars de réserve du Trésor dans le bitcoin.

Soulignant que „les tuyaux ne sont pas encore en place“ pour permettre aux grands investisseurs institutionnels d’investir dans le bitcoin, il a dit, „mais cela va arriver … c’est sur l’écran radar de tout le monde et il y a beaucoup de gens intelligents qui y travaillent“. Pal a poursuivi :

D’après ce que je sais, de toutes les institutions, [et] de tous les gens à qui je parle, il y a un énorme mur d’argent qui entre là-dedans.

Investor group raises funds for lawsuit against Yearn founder Andre Cronje

After hacking the EMN protocol, Andre Cronje withdrew, but a group of investors now wants to drag him to court.

A group of investors is crowdfunding a lawsuit against Andre Cronje, the founder of the DeFi project Yearn.finance (YFI)

The subject of the legal dispute is the unfinished protocol Eminence (EMN) and its hack.

In a blog post , the group, which calls itself EMN Investigation, announced that it is raising money to sue Cronje, Yearn developer “banteg” and Twitter user and Yearn advocate Blue Kirby. According to the blog entry, 100% of the donations will be used for the legal dispute. The collection campaign ends on November 9th. The investor group adds:

“To thank us for your donations, at the end of the fundraising campaign we will take a screenshot of the amount raised and distribute 50% of the equivalent value to the donors on a YFI hard fork. The remaining 50% of the hard fork in circulation will be given to the victims of the Bitcoin System platform. We will build a new DeFi ecosystem in which there are no fraudsters. “

The said EMN protocol was hacked on September 29th, whereby the attackers were able to steal more than 15 million US dollars , of which they then transferred almost 8 million US dollars to Yearn founder Cronje. At the time of the hack, Cronje stated that he actually didn’t want to publish the minutes until three weeks later.

The EMN Investigation group claims that the protocol was at most in a test phase and accordingly accuses Cronje, Blue Kirby and banteg of having misrepresented the legitimacy of the project.

This is how the investors write:

“If EMN was really a test, the associated cryptocurrency had no value. Nonetheless, Andre just watched as $ 15 million was invested without saying anything. Rather, he fueled the project by sharing re-tweets. Why didn’t he at least warn the Yearn Finance team that they were buying and selling a worthless cryptocurrency? If developers from any other project were to sell a test token, they would be branded as scammers and lose their reputation. At best this was bad marketing and at worst it was fraud. „

Cronje has after EMN hack social media withdrawn because he has even received death threats in part as banteg confirmed to Cointelegraph. On October 9th, he wrote on Twitter that he continues to work on the development of the technology, but will no longer be active on the social network. Blue Kirby has again completely deleted his profile.

Despite the EMN scandal, YFI’s market value has risen 58% in the past few days , bringing the assets invested in the project to more than $ 900 million.

Bitcoin é superado pelo Ethereum em termos de volume de transferência em USD

O Ethereum (ETH) ultrapassou recentemente o Bitcoin (BTC) em termos de volume de transferência em dólares pela primeira vez, mostram os dados da CoinMetrics.

Em 6 de setembro, o valor em dólares das transações de ETH enviadas pela rede líquida atingiu US$ 3,15 bilhões, enquanto o volume de transferência de Bitcoin foi de US$ 2,94 bilhões.

A versão ERC-20 do Tether (USDT) stablecoin também está respirando no pescoço do Bitcoin com $2,92 bilhões de dólares.

Em julho, o valor da transação diária do Bitcoin caiu abaixo do valor de USDT.

O Ethereum agora lidera em seis métricas diferentes

Esta é mais uma métrica amplamente rastreada do Índice Flippening criado pelo Holger Rohm do Blockchain Center, onde o Ethereum já ultrapassou o rei criptográfico:

„O termo Flippening refere-se à possibilidade do Ethereum (ETH) ultrapassar o Bitcoin (BTC) como a maior moeda criptográfica. Inicialmente, ele descreveu o momento hipotético no futuro em que o Ethereum ultrapassou a Bitcoin pelo limite do mercado. Esta ferramenta leva esse conceito um passo adiante e analisa a tendência a longo prazo de oito métricas diferentes, que mostram o status de ambas as redes“.

A ETH já está à frente da BTC quando se trata de seu volume comercial, contagem de transações, taxas de transação, interesse de busca no Google e contagem de nós.

O índice está atualmente em 67,7% (+7,5% após adicionar o volume de transferência de dólares a suas métricas „invertidas“).

O verdadeiro „flippening“ não está à vista

É claro que a Bitcoin ainda está muito à frente do Ethereum em termos de limite de mercado, que foi a definição inicial do termo „flippening“ que se tornou popular durante o boom da ICO em 2017.

Como relatado pela U.Today, o par ETH/BTC atingiu seu nível mais alto desde janeiro de 2019 em 1° de setembro, mas desde então, recuou 15% durante uma correção completa do mercado.

O Ethereum também ainda não alcançou os endereços ativos da Bitcoin que atingiram um novo recorde anual de 1.120.216 em 7 de agosto.