• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

Mass Adoption Closer Than Ever

Bitcoinist by Bitcoinist
3 years ago
in Mati Greenspan, News, News teaser, Sponsored Article
0

Mass adoption of cryptoassets now seems closer than ever. Yesterday, the crypto community was rocked by this news…

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The funny thing is, now that we have the option to pay our bills with bitcoin, I’m not so sure that I want to. There will only ever be 21 million BTC in the world, so many hodlers out there will be quite hesitant to part with their holdings over something as trivial as a phone bill.

Still, this, along with the recent announcement from Flexa, that bitcoin payments will soon be available at thousands of retail stores across the States, makes the dream of living only off crypto now quite plausible.

Easier to spend means a greater use case and a greater level of adoption. The tipping point is likely very close now.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

@MatiGreenspan
eToro, Senior Market Analyst

Today’s Highlights

Farmer Bailout

EOS Buyback

Bitcoin Consolidating Gains

Please note: All data, figures & graphs are valid as of May 24th. All trading carries risk. Only risk capital you can afford to lose.

Traditional Markets

Just as I’m writing to you, it seems the Pound Sterling is reacting to this…

The initial reaction was a surge up, but very soon we saw a reversal as the market tries to price in the likelihood of Johnson as leader, as he is considered by some as the most likely to shoot for a no-deal Brexit. Watch the GBP over the next few hours as it remains volatile.

Across the pond in the United States, there’s some political controversy over this…

As we know, Trump’s trade war with China has been having an adverse effect on his base. If he does want to win in 2020, he will need to keep the farmers happy. In this case, keeping the farmers happy is clearly coming at the cost of making many others upset.

Financial markets are still keeping their cool for now but many analysts are now on high alert.

Block.one

As the crypto markets consolidate their gains, some crypto companies are doing the same. Block.one, the maker of EOS, has recently offered its shareholders a very handsome share buyback.

Basically, they want to buy back 10% of the shares in the company from the original investors. In 2017 they managed to sell shares to private investors worth $40 million. Today those shares are worth a total of $2.3 billion.

One of Wall Street’s biggest crypto advocates, Mike Novogratz, has recently cashed in on his Block.one investment, earning his firm a cool $71 million. As Novogratz put it.

Much to the chagrin of the average cryptotrader, anybody holding EOS tokens from the time that they launched their main net last June (purple circle), is currently at a loss.

Bitcoin Consolidation

The ascending triangle formation that we’ve been watching is playing out beautifully at the moment. $8,000 per coin is presenting some excellent resistance. The ultimate psychological resistance remains at the recent highs around $8,350.

In this interview with BlockTV, I’ve laid out two possible bullish scenarios, a conservative one and an aggressive one. Here’s a chart that shows them both.

The bullish ascending triangle bullish is further confirmed by the declining volumes. Messari’s real 10 number is reading less than $1 billion for the first time in a while. Volumes on the CME and on the bitcoin blockchain have also pulled back slightly but remain elevated.

The last thing I have for you today is a short video that I found interesting from the crypto friendly investor Mark Yusko. I just found it fascinating how much his views and portfolio reflect my own. Hope you enjoy!

Have a fantastic weekend!

Best regards,
Mati Greenspan
Senior Market Analyst


Your Social Investment Network – www.eToro.com

eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority. eToro (Europe) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission. eToro AUS Capital Pty Ltd. is regulated by the Australian Securities and Investments Commission, ABN 66 612 791 803, AFSL 491139.

This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Magic Johnson

Magic Johnson Unveils NFTs Showcasing The Basketball Legend’s Iconic Moments

4 mins ago
CryptoG Group (CTGX): The Second Coming Of Bitcoin Creator, Satoshi Nakamoto?

CryptoG Group (CTGX): The Second Coming Of Bitcoin Creator, Satoshi Nakamoto?

22 hours ago
Conquering GameFi: How BlaBlaGame.io Adds Value to Gaming Industry

Conquering GameFi: How BlaBlaGame.io Adds Value to Gaming Industry

1 day ago
Phishing

Phishing Criminals Steal $70,000 Using Beeple’s Hacked Twitter Account

1 day ago
Binance Futures Grand Tournament returns, Up to 1.8M BUSD to be won by Team and Individual Participants

Binance Futures Grand Tournament returns, Up to 1.8M BUSD to be won by Team and Individual Participants

1 day ago
Bitcoin

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.