{"id":18186,"date":"2021-10-07T07:18:10","date_gmt":"2021-10-07T05:18:10","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=18186\/"},"modified":"2021-10-07T07:18:10","modified_gmt":"2021-10-07T05:18:10","slug":"bitcoin-is-about-to-take-off","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/bitcoin-is-about-to-take-off\/","title":{"rendered":"Bitcoin is about to take off"},"content":{"rendered":"<table cellspacing=\"0\" cellpadding=\"4\">\n<tbody>\n<tr>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">Gold<\/span>\u00a0 1759,64<br \/>\n(<span style=\"color: #ff0000;\">-0,17%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">EURUSD<\/span>\u00a0 \u00a01,1556<br \/>\n(<span style=\"color: #008000;\">+0,01%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DJIA<\/span>\u00a0 34431,50<br \/>\n(<span style=\"color: #008000;\">+0,39%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">OIL.WTI<\/span>\u00a0 76,845<br \/>\n(<span style=\"color: #ff0000;\">-0,07%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DAX<\/span>\u00a0 15048,50<br \/>\n(<span style=\"color: #008000;\">+0,02%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">While the stock market is hanging sideways, it is worth looking at what is happening with bitcoin. The first cryptocurrency is approaching the next levels, which investors will be watching closely. The positivity in the crypto market is evident.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nBTCUSD<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18187 aligncenter\" src=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/10\/BTCUSD.png\" alt=\"BTCUSD\" width=\"600\" height=\"274\" \/><\/p>\n<p align=\"justify\">There is likely to be a new period of growth for all cryptocurrencies. And here&#8217;s why. Just recently, Bank of America published a fairly large report on the prospects and trends of cryptocurrencies. According to the bank, cryptocurrencies are bringing new tools into the financial world, and blockchain technology will help develop new systems and business opportunities in the near future. One such example is the emergence of non-fungible tokens (NFT) and decentralised finance (DeFi).<br \/>\nThe share of digital assets in investments by various companies is growing exponentially. The bank also noted that bitcoin has recently correlated better with inflation than gold. It is likely that very soon bitcoin will be used as digital gold, which is easier to buy and sell. Quicker to transfer, and also very easy to transfer or hide. The conclusion of the Bank of America report is that the world is at the very beginning of a long phase of blockchain technology adoption.<br \/>\nJerome Powell&#8217;s announcement that no serious bans on cryptocurrencies are going to be imposed is an additional contribution to the current rise in bitcoin. Only the regulation of certain stablecoins needs attention.<br \/>\nSo far, only the strong volatility of the instrument is making adjustments to its use. But as bitcoin&#8217;s capitalisation increases, its volatility decreases. Quite in the future, capitalisation will increase and there will no longer be sharp fluctuations. But as the saying goes, if capitalisation goes up, the price will go up, as there are a limited number of bitcoins in total.<br \/>\nGiven rising energy prices, rising real estate values in the US, and inflation gaining momentum, bitcoin&#8217;s value will continue to rise. This active phase could continue until Christmas and the New Year holidays.<\/p>\n<p align=\"justify\">08.00 German industrial production for August<br \/>\n14.30 US initial jobless claims<\/p>\n<hr \/>\n<p style=\"text-align: center;\" align=\"justify\">Important Notes on This Publication:<small> <\/small><\/p>\n<p align=\"justify\"><small>The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold\u00a0 1759,64 (-0,17%) EURUSD\u00a0 \u00a01,1556 (+0,01%) DJIA\u00a0 34431,50 (+0,39%) OIL.WTI\u00a0 76,845 (-0,07%) DAX\u00a0 15048,50 (+0,02%) While the stock market is hanging sideways, it is worth looking at what is happening&#8230;<\/p>\n","protected":false},"author":37,"featured_media":17595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-18186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin is about to take off | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"While the stock market is hanging sideways, it is 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