In a significant diversification move, Tether, the company behind the world’s most widely used stablecoin, USDT, has announced its first-ever investment of $100 million in the agriculture and food sector. This marks a new direction for Tether, which has traditionally focused on blockchain and cryptocurrency-related ventures.
Tether’s $100 million investment is aimed at supporting sustainable agriculture initiatives and enhancing food production efficiency through the integration of technology. According to the company, this move is part of its broader strategy to invest in industries that can benefit from innovation and technological advancement, while also supporting global sustainability efforts.
The decision to enter the agriculture and food sector reflects Tether’s recognition of the growing importance of food security and sustainable agricultural practices, especially in the face of climate change and population growth. With the global food system under increasing pressure, technological innovations in agriculture are seen as a key solution to improving food supply chains, reducing waste, and increasing productivity.
Paolo Ardoino, CTO of Tether, emphasized the company’s long-term vision, stating that this investment will help bridge the gap between traditional industries and the digital economy. “We see immense potential in leveraging technology to transform the agriculture and food industry. This investment represents our commitment to supporting projects that will have a lasting impact on the world,” said Ardoino.
While the exact details of the specific projects or partnerships involved in the $100 million investment have not been disclosed, Tether’s foray into this sector is seen as part of a broader trend where blockchain-based companies are increasingly looking at real-world industries to apply their technological expertise.
Tether’s move signals that stablecoin issuers may be looking beyond digital assets for growth, exploring how blockchain technology can be integrated with industries like agriculture to create more resilient and efficient systems. This strategic shift could pave the way for further investments in similar sectors, helping to drive technological innovation in the global economy.
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PLAN B STICKS TO $135K BITCOIN YEAR-END PRICE PREDICTION ‘WORST-CASE SCENARIO’ AFTER OCTOBER CLOSE!!
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The pseudonymous “Plan B” made a bold Bitcoin prediction in June, when BTC was changing hands for $35,000, having crashed from $64,000.
The Dutch former institutional investor with decades of experience in financial markets said that his “worst-case scenario” for Bitcoin was “Aug 47K, Sep 43K, Oct 63K, Nov 98K, Dec 135K.”
He was right about August and September and only 1 day off for October which just broke above $63K this morning. Plan B tweeted that his three percent “rounding error” for October was “close enough for me”.
In other trending Bitcoin News today: Macro Guru Raoul Pal Unveils Massive Ethereum Allocation, Says Demand Shock for ETH Far Greater Than Bitcoin!
The former Goldman Sachs executive tells Real Vision’s 569,000 YouTube subscribers that he’s bullish on ETH because the cash generated in the Ethereum ecosystem is about 100x the rest of the entire space combined.
He also argues that a demand shock could be coming to Ethereum due to the various use cases of the leading smart contract platform.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/bitcoin-price-hits-1-week-high-in-minutes-on-sudden-1-5k-gains
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TEEKA TIWARI BITCOIN PRICE PREDICTION: BTC WILL HIT K “SOONER THAN PEOPLE REALIZE!!”
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Bitcoin just reached its highest point since 2018, and some analysts believe BTC will surge to new all-time highs in the near future.
Crypto investment analyst Teeka Tiwari predicts the Bitcoin will reach $60,000 or $70,000 “a lot sooner than most people realize.”
In a recent Zoom call with Chris Lowe of Legacy Research Group, Teeka specifically predicted bitcoin growing as high as $60,000 or $70,000 USD.
Although Teeka did not issue a timeline for his prediction, Teeka insisted we’ll see cryptocurrencies with “multitrillion-dollar market caps” within the near future – similar to how stocks like Amazon and Apple have multitrillion-dollar market caps today:
“You will see cryptocurrencies with multitrillion-dollar market caps – like how you now see stocks like Amazon and Apple with multitrillion-dollar market caps.”
Teeka made the prediction back in August when bitcoin was hovering between $10,000 and $12,000.
Over the last few weeks, bitcoin has surged to recent highs, reaching as high as $13,793 on October 27.
Although the price has retreated slightly in recent days, some are calling for bitcoin to reach a new all-time high before the end of 2020.
Teeka deliberately did not put a timeline on his prediction, stating that he did not want to get backed into a corner – similar to how other cryptocurrency ‘gurus’ have looked foolish when their price prediction dates have come and gone:
“I’m not going to paint myself into a corner and say when. But it will happen a lot sooner than most people realize.”
2020 has been an uncertain year for everything, but bitcoin has remained relatively steady throughout the year.
The world’s biggest cryptocurrency has continued to slowly accumulate market cap throughout the year.
While some believe there will be a correction before the end of this year, others believe bitcoin will surge.
We could see a tumultuous end to 2020.
With the US presidential election and uncertain COVID-19 treatments, bitcoin could be a safe haven for investors in a world of uncertainty.
In his interview, Teeka claims we’re in “maybe the second half of just the first inning of this bull market.”
As much as bitcoin’s price has surged in recent months, Teeka believes this is just the first 10% of the bull market – with the remaining 90% surge still to come:
“We’re in maybe the second half of just the first inning of this bull market. You’re going to see bitcoin reach $60,000 or $70,000.”
There are reasons to be optimistic about bitcoin in the near future.
Teeka and his team have collected all of the following evidence showing the long-term viability of bitcoin and digital currencies in general:
Fidelity (one of the world’s largest asset managers), Intercontinental Exchange (ICE, the owner of the New York Stock Exchange), and JP Morgan Chase (one of America’s largest banks) are creating crypto products and services for clients.
Walmart, Visa, IBM, Citigroup, and UPS are adopting blockchain technology, using it to track supply chains and cross-border transactions.
Billionaire hedge funds are allocating a portion of their portfolios towards bitcoin, and a growing number of asset managers recommend putting a slice of your portfolio into alternative assets like bitcoin.
In other trending Bitcoin News today:
“5 Signs That The Real Bitcoin Rally Is Only Just Starting”
The price of Bitcoin (BTC) has pulled back substantially since its yearly high at $14,149 a few days ago.
Yet, there are five signs that the real rally is only just starting.
Rising “HODLing” activity, record-high fundamentals, low retail interest, higher time frame breakout and technical indicators suggest that a bigger bull run may be brewing.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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Latest Bitcoin Sell-Off Prepares Launchpad Towards $15K; Here’s How
https://cointelegraph.com/news/5-signs-that-the-real-bitcoin-rally-may-only-be-just-beginning
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MAX KEISER SAYS BITCOIN SUPERCYCLE IS JUST BEGINNING AND WILL SUPER CHARGE BTC TO THE STRATOSPHERE!!
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Bitcoin dumped 17% in the past 24 hours liquidating $5.64 billion in extended BTC losses, however, Wall Street veteran and host of the Keiser Report, Max Keiser remains optimistically bullish sharing the following on Crypto twitter:
”Bitcoin has been rising 200% per annum for 10 years during a time of historic low inflation-expectation (see chart).
We are now heading into a crushing inflationary period that will super charge BTC’s price to the stratosphere.
Incredibly bullish for Bitcoin. The BTC super cycle is just beginning!”
The price of Bitcoin (BTC) plummeted by more than 17% in the last 24 hours as the futures market saw mass liquidations across the board.
Liquidations occur when leveraged futures positions fall to a certain threshold. For example, a position using 10x leverage would get liquidated or turn worthless if the price of BTC drops by 5%.
What triggered the mass Bitcoin liquidation fest?
If the Bitcoin futures market is highly overleveraged and overcrowded, a minor price movement can trigger mass liquidations.
According to analysts at Santiment, a data analytics firm, an address was responsible for the second-largest Bitcoin transaction of the year, as Cointelegraph reported.
More than 2,700 BTC were transferred right before the drop, which were bigger than the 2,000 BTC inflow seen before the March 2020 crash when Bitcoin dropped below $4,000. The analysts said:
“As we noted yesterday, there was an 11x exchange inflow spike that initiated #Bitcoin’s price correction from its $58.3k #ATH. Further data combing revealed that an address was responsible for the 2nd largest $BTC transaction of the year, an import of 2,700 tokens to the wallet before a quick sell-off. This same address also made a 2,000 $BTC import last March right as the Black Thursday correction took place. In total, it’s made 73 transactions in its one-year existence, for a total of 91,935 $BTC imported, with all tokens moving away within minutes after arrival.”
It is a possibility that a major sell-off in the spot market triggered the futures market to see intense selling pressure from many long positions getting liquidated.
When Bitcoin initially began to correct on Feb. 22, the futures funding rate of the dominant cryptocurrency was hovering at around 0.15% even as it continued to drop.
In other trending Bitcoin News today:
North American Bitcoin ETF Erupts, Analyst Says It Could Soon Shatter $1 Billion in Assets Under Management
A Bloomberg Intelligence analyst is estimating that the first North American Bitcoin exchange-traded fund (ETF) is on track to reach $1 billion in assets under management (AUM) in the coming days.
In a new tweet, Bloomberg Intelligence’s senior ETF analyst Eric Balchunas predicts that the Purpose Bitcoin ETF, which trades under the BTCC ticker on the Toronto Stock Exchange (TSX), could soon hold more than double its current AUM.
“Canada Bitcoin ETF BTCC traded $350m (CAD+USD) today, a 40% jump from yesterday (defying typical Day Two drop-off) and 3x more than any other ETF (unreal). Proportionally speaking, this is equivalent to about $5 billion in volume in the US (or about 7x more than GBTC). Two-day AUM is estimated at $330m.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Sec Treasury Janet Yellen states: “Bitcoin is extremely inefficient.” Give me a break. Does she think printing trillions of fake dollars is efficient? Does she not know the more fake dollars she prints the more efficient and valuable Bitcoin becomes? God bless her.
— therealkiyosaki (@theRealKiyosaki) February 22, 2021
#Bitcoin has been rising 200% per annum for 10 years during a time of historic low inflation-expectation (see chart).
We are now heading into a crushing inflationary period that will super charge BTC’s price to the stratosphere. pic.twitter.com/4FyO1xAz7D
— Max Keiser (@maxkeiser) February 23, 2021
As we noted yesterday, there was an 11x exchange inflow spike that initiated #Bitcoin‘s price correction from its $58.3k #ATH. Further data combing revealed that an address was responsible for the 2nd largest $BTC transaction of the year, an import of 2,700 tokens to the wallet pic.twitter.com/CTgtJr27np
— Santiment (@santimentfeed) February 23, 2021
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