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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MICHAEL SAYLOR PREDICTS BITCOIN TO HIT $5,000,000 AND SAYS BTC IS A ‘SCREAMING BUY’ SIGNAL!!
💰 Crypto’s Next $1 Trillion Coin: http://teeka.cryptonewsalerts.net
MicroStrategy CEO Michael Saylor believes the Bitcoin price can easily hit the seven-digit mark.
In a new interview with FamilyOffice, Saylor says Bitcoin could appreciate a hundredfold to reach a price of $5 million per BTC.
“I can see bitcoin going to a million. I can see it going to $5 million… because if it simply replaces all the indexes as a monetary index money, why shouldn’t it go to $100 trillion in market cap or something?”
Saylor, whose company MicroStrategy now owns 91,326 Bitcoin, points out that the flagship crypto asset is currently a “screaming signal” to investors, and this is aided by a rapid expansion in the money supply globally and the dominance of its blockchain network.
“In my life I’ve never seen something that was such a screaming signal. You’ve got a $200 to $300 trillion addressable market. You’ve got a problem – money is not sound. You’ve got engineered thermodynamically sound money. You’ve got a dominant network. Everybody’s decided it’s the network. It’s exploding.
The signal that is exploding is it’s growing 200% a year every year for 12 years running. That’s the signal.”
Saylor predicts that the flagship crypto asset’s growth rate is unlikely to be replicated by the FAANG (Facebook, Amazon, Apple, Netflix, Google) tech behemoths going forward, making Bitcoin the better bet.
“Now do I think Apple, Amazon, Facebook or Google are going to go up by a factor of 10 from this point? Not really. I think they’re plus 20, minus 20, plus 100… maybe they will double, maybe they will triple.”
Saylor adds that Bitcoin’s potential became far easier to understand following the economic fallout and increase in money printing that began early last year.
“[Bitcoin] got to be a much easier trade in March of 2020. And every month since March of 2020, it’s been de-risked exponentially, and then the need is exploding.”
In other trending Bitcoin News today:
Bitcoin Falls to Two-Week Lows as $6 Billion In Options Set to Expire – What’s Next?
Bitcoin’s (BTC) price has been in retreat, down 20% since the recent all-time high at $62,000 in mid-March. As crypto markets are frequently volatile, this may very well be another normal pullback within the current bull cycle.
Corrections are needed to generate strength for further upward momentum as markets can’t go up in a straight line. Additionally, a record $6 billion expiration of options is expected on March 26, which often brings some volatility.
It is also quite common for the market’s momentum to shift momentum once the options expiration date comes and goes.
The 4-hour chart shows an apparent downtrend since the recent all-time high at $62,000 with bearish support/resistance flips.
Regardless, Bitcoin’s price has rejected the critical resistance zone at $56,500 in the latest rally after Tesla announced it has started accepting (and holding) BTC in the United States for its vehicles.
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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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Bored With Bitcoin? This BTC Price Level Is Key for a Big Breakout! | Mass Altcoin Extinction Ahead?
➡️ Teeka Tiwari – Investment of the Decade: http://2020.cryptonewsalerts.net
The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has been ranging between $8,600 and $10,500 since the Bitcoin halving.
During the two-months’ sideways action, the market started to heat up and altcoins entered the spotlight.
Additionally, traders and investors are constantly debating whether BTC price is still in bull or bear territory.
Let’s take a closer look at both scenarios. The bullish scenario for Bitcoin The bullish scenario has a few crucial points.
First of all, the support at $8,900-9,000 has to hold.
If this support is lost, BTC/USD will likely drop below $8,550-8,750 into bearish territory.
Second, the key resistance at $9,300 has to break for a potential rally toward $9,650.
Since this level is untested, it would be the first pivot point for more upside.
This previous resistance of $9,300 has to flip for support for a move higher.
However, as long as the price of Bitcoin remains below $10,500, it’s expected that the volume of the move will be small.
A big breakout would occur if the resistance zone of $10,000-10,500 is finally conquered as many triggers would be hit.
It wouldn’t be a surprise to see a quick rise within a few hours to the next major resistance zone at $11,600.
The bearish scenario for Bitcoin The bearish scenario is also heavily dependent on the $9,300 level.
If that level rejects again, a retest of support at $8,800-8,900 should be expected and the weaker this support will become, increasing the chances for more downside.
With $9,300 holding as resistance, a retest of $8,800-8,900 would likely result in another drop.
Going below the $8,600 level could also see a high-volume drop because this means that the range of the past two months would be lost.
If the price of Bitcoin drops below $8,600, I’m expecting a fast drop towards $7,400-7,700 without many opportunities for shorts.
Holding the current support and the 1-day support levels would mean that the market is still in great shape.
In other trending Bitcoin News today:
Prominent Bitcoin Whale Predicts Mass Altcoin Extinction Ahead of Next BTC Rally
A prominent Bitcoin whale who made a name for himself by ranking at the top of the Bitfinex trading leaderboard says he believes a massive altcoin purge will happen before the next BTC leg up.
In a new tweet, trader Joe007 says the altseason predicted by many is not on the horizon.
“My view is that shitcoin mass extinction event will likely precede next Bitcoin rally. Make of it what you will.”
The crypto strategist is also bearish on the king cryptocurrency in the short term.
He’s predicting a massive shakeout that rivals the coronavirus-induced sell-off in March.
“A lot of people are expecting a downleg, yes. But the question is – are they prepared to buy into a real dump, like a repeat of early March – or worse?”
Despite his short-term outlook on BTC, Joe says he remains a long-term bull on the dominant cryptocurrency. “If I thought BTC would go to zero, why would I accumulate it and keep net long position at all times?… Bitcoin market is a relentless tug of war between actors who want to use Bitcoin to accumulate fiat profits and actors who want to use fiat (or fiat-substitutes) to accumulate more BTC.”
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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:
A lot of people are expecting a downleg, yes. But the question is – are they prepared to buy into a real dump, like a repeat of early March – or worse?
— ʲᵒᵉ🔴🔴7 (@J0E007) July 4, 2020
My view is that shitcoin mass extinction event will likely precede next Bitcoin rally. Make of it what you will.
— ʲᵒᵉ🔴🔴7 (@J0E007) July 3, 2020
IMO $BTC is about to run: Friday was the lowest volume, smallest range candle I’ve ever seen. Calm before the storm?
Up or down IDK, thinking down more likely, maybe 8.7k. Will manage risk tightly because being offside would be costly AF. pic.twitter.com/c2ob65hNex
— SalsaTekila (@SalsaTekila) July 4, 2020
Why One Top Bitcoin Trader Believes Now is the “Calm Before the Storm”
https://cointelegraph.com/news/bored-with-bitcoin-this-btc-price-level-is-key-for-a-big-breakout
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Bitcoin Halving Will be ‘Make or Break’ for Stock-to-Flow Model: PlanB | K BTC Price End of 2020
➡️ Tradecraft: http://tradecraft.cryptonewsalerts.net
The creator of the stock-to-flow (S2F) Bitcoin (BTC) price model says that the upcoming block reward Bitcoin halving will decide if it lives or dies.
In a series of tweets on April 16, PlanB said that he is sticking by the Bitcoin price increasing by “an order of magnitude” in the two years after the May halving.
“IMO bitcoin 2020 halving will be like 2012 & 2016. As per S2F model I expect 10x price (order of magnitude, not precise) 1-2 yrs after the halving. Halving will be make-or-break for S2F model. I hope this halving will teach us more about underlying fundamentals & network effects”
Stock-to-flow measures the issuance of new Bitcoins each block against Bitcoin’s existing supply, a method which has proven highly accurate in charting price performance.
According to the model’s latest incarnation, BTC/USD should hit $30,000 by the end of 2020.
Continuing, PlanB responded to queries regarding Bitcoin’s correlation to traditional markets.
A key concern among many traders is that a repeat of March could still occur, BTC/USD shedding 60% in a day as stocks crashed.
Highlighting the Dow Jones, PlanB argued that current correlation was the result of the broader coronavirus crisis, and was not a permanent feature for Bitcoin:
“During crisis everything is correlated. What’s next is what’s interesting. They will not be correlated forever (in my opinion).”
Promising to throw out the stock-to-flow model altogether if it fails to deliver as planned, he added that he nonetheless was not nervous about such a scenario occurring.
Recently, some well-known cryptocurrency figures have criticized the concept, arguing it is simply too optimistic and has created a “cult” which reinforces its prognosis.
As Cointelegraph reported, they include Ethereum co-founder Vitalik Buterin and a Bitcoin whale known as J0E007.
“To be clear: I expect S2F-price relationship to hold,” PlanB confirmed.
Here’s Why Bitcoin Rallying 15% to $8,000 Is Just a Matter of Time
Ever since the $3,700 bottom, Bitcoin has mounted an impressive comeback, rallying as high as $7,500 last week as global markets have also seen a similar recovery to pre-crash levels.
But the rally might not be done yet. Crypto trader LightCrypto, or just Light, recently remarked that it “feels like $8,000 is at hand,” referencing his sentiment that the cryptocurrency could soon rally just under 15% from current levels to $8,000.
As to why this is the case, he remarked that with the potential of new buyers “absorbing profit-taking [by longs] and miner selling,” there’s a good chance $7,000 will be “accepted,” which could result in another strong leg to the upside.
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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:
IMO #bitcoin 2020 halving will be like 2012 & 2016. As per S2F model I expect 10x price (order of magnitude, not precise) 1-2 yrs after the halving. Halving will be make-or-break for S2F model. I hope this halving will teach us more about underlying fundamentals & network effects pic.twitter.com/kiTdN0n3Lu
— PlanB (@100trillionUSD) April 16, 2020
Acceptance of this price level comes from new buyers absorbing profit-taking and miner selling. After 1 month of consolidation, it seems that tension will be resolved shortly, with enough kindling built up for a strong leg.
Feels like $8,000 is at hand. pic.twitter.com/xHCAIgtVU1
— light (@LightCrypto) April 16, 2020
Here’s Why Bitcoin Rallying 15% to $8,000 Is Just a Matter of Time
https://cointelegraph.com/news/bitcoin-halving-will-be-make-or-break-for-stock-to-flow-model-planb
Post Views: 482