How Long Will the Tesla-Driven Bitcoin Rally Last?

37
26
Favorite

How Long Will the Tesla-Driven Bitcoin Rally Last?

zacks2021-02-10

The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy. The cryptocurrency took less than a month to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（26）

heartspanda
·2021-02-15
Wow
Reply
1
Report
Fold Replies
- TheNoobish:
  Oi
  2021-02-17
  Reply
  Report
FeliciaK
·2021-02-10
??
Reply
Like
Report
BCgainz
·2021-02-10
Nice
Reply
Like
Report
Aphy
·2021-02-10
Very long
Reply
Like
Report
DarrenToh
·2021-02-10
It will last for a while. It's huge for Elon to endorse it.
Reply
Like
Report
Deont
·2021-02-10
To the moon!
Reply
Like
Report
4XKEYQ
·2021-02-10
Last years!!!
Reply
Like
Report
Joanne1135
·2021-02-10
Looking good.
Reply
1
Report
kylerwsm
·2021-02-10
Until the government steps in, or the lower and middle income people see that inflation is actually good for them
Reply
1
Report
oneplus374
·2021-02-10
Nice!
Reply
Like
Report
kn0108
·2021-02-10
Tesla rocks
Reply
Like
Report
dessyag
·2021-02-10
BTC ????
Reply
Like
Report
Huhubi
·2021-02-10
Hmm
Reply
Like
Report
Mm101
·2021-02-10
Good
Reply
Like
Report
FlashTrade
·2021-02-10
Tesla will lead the other multi million industries to invest in Bitcoin, like Apple, Amazon and Tencent etc.
Reply
4
Report
Fold Replies
- kylerwsm:
  What would the new age of no inflation mean for the lower and middle class then?
  2021-02-10
  Reply
  Report
Pewuf
·2021-02-10
Not for long
Reply
Like
Report
ProLim
·2021-02-10
Coins
Reply
1
Report
Diamondhand6
·2021-02-10
Bitcoin!!!
Reply
1
Report
kohaku84
·2021-02-10
Other huge companies will adopt and it will be part of a financial instrument
Reply
Like
Report
PEHPEH
·2021-02-10
We know when he buys, don’t know when he sells...
Reply
5
Report
Fold Replies
- PEHPEH:
  [捂脸]
  2021-02-10
  Reply
  Report
- PEHPEH:
  Anw i have no money to buy bitcoin
  2021-02-10
  Reply
  Report
- jayelse:
  so deep
  2021-02-10
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1162909934?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-02-10 11:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1162909934","market":"fut","top_or_hot":-1,"title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","media":"zacks","content":"<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_XBT","symbol_name":"CBOE比特币","start_time":0,"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","article_id":"1162909934","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","pubTimestamp":1612927184,"sourceInfo":null,"weMediaInfo":null,"summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","collect":0,"end_time":0,"defaultTopTitle":"zacks.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉"},"translate_title":"特斯拉推动的比特币涨势还会持续多久？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCmain":0.9,"XBTmain":0.9,"GBTC":0.9,"TSLA":0.9},"content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":382136225,"gmtCreate":1613380649467,"gmtModify":1704880195172,"author":{"id":"3573728887738549","authorId":"3573728887738549","name":"heartspanda","avatar":"https://static.tigerbbs.com/d71c1e09e1e9b0819478986bcb4dc062","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/382136225","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3585987,"gmtCreate":1613524060089,"gmtModify":1680777153361,"authorId":3573629425643030,"author":{"id":3573629425643030,"authorId":3573629425643030,"name":"TheNoobish","avatar":"https://static.tigerbbs.com/910b578d24b81b2a3a53154a96d972cd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":382136225,"type":1,"supId":0,"prevId":0,"content":"<u>Oi</u>","text":"<u>Oi</u>","html":"<u>Oi</u>"}],"langContent":"EN"},{"id":381160243,"gmtCreate":1612946748982,"gmtModify":1704876309072,"author":{"id":"3575601933964554","authorId":"3575601933964554","name":"FeliciaK","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381160243","repostId":1162909934,"repostType":2,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381347050,"gmtCreate":1612938195770,"gmtModify":1704876227089,"author":{"id":"3575964448422593","authorId":"3575964448422593","name":"BCgainz","avatar":"https://static.tigerbbs.com/495996a76649bc75b88fe4dee6f225a7","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381347050","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381341020,"gmtCreate":1612937025660,"gmtModify":1704876219326,"author":{"id":"3571971808703813","authorId":"3571971808703813","name":"Aphy","avatar":"https://static.tigerbbs.com/d6e1b0a4767b94d00079b91238ddc684","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Very long","listText":"Very long","text":"Very long","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381341020","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381323401,"gmtCreate":1612933816203,"gmtModify":1704876190800,"author":{"id":"3561094282501483","authorId":"3561094282501483","name":"DarrenToh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0},"htmlText":"It will last for a while. It's huge for Elon to endorse it.&nbsp;","listText":"It will last for a while. It's huge for Elon to endorse it.&nbsp;","text":"It will last for a while. It's huge for Elon to endorse it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381323401","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381329932,"gmtCreate":1612933515926,"gmtModify":1704876188376,"author":{"id":"3572949737859102","authorId":"3572949737859102","name":"Deont","avatar":"https://static.tigerbbs.com/b69cb3aef6e3479f1dd8cb3e0eda4f60","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381329932","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381367901,"gmtCreate":1612933211703,"gmtModify":1704876185137,"author":{"id":"3575807346407979","authorId":"3575807346407979","name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Last years!!!","listText":"Last years!!!","text":"Last years!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381367901","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381388256,"gmtCreate":1612931414075,"gmtModify":1704876167390,"author":{"id":"3574327149519440","authorId":"3574327149519440","name":"Joanne1135","avatar":"https://static.tigerbbs.com/5904dcff1de1f030ce21934cc218d4ac","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Looking good.","listText":"Looking good.","text":"Looking good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381388256","repostId":1162909934,"repostType":2,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381389256,"gmtCreate":1612931097675,"gmtModify":1704876164478,"author":{"id":"3561102963736661","authorId":"3561102963736661","name":"kylerwsm","avatar":"https://static.tigerbbs.com/a43845a47cc0ce18120e903c1eaffb3f","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Until the government steps in, or the lower and middle income people see that inflation is actually good for them","listText":"Until the government steps in, or the lower and middle income people see that inflation is actually good for them","text":"Until the government steps in, or the lower and middle income people see that inflation is actually good for them","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381389256","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381389918,"gmtCreate":1612931065434,"gmtModify":1704876166094,"author":{"id":"3573639773544520","authorId":"3573639773544520","name":"oneplus374","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381389918","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381380157,"gmtCreate":1612931003979,"gmtModify":1704876163022,"author":{"id":"3561385333029161","authorId":"3561385333029161","name":"kn0108","avatar":"https://static.tigerbbs.com/8804830ef1f079aaafcf79b218019f68","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Tesla rocks&nbsp;","listText":"Tesla rocks&nbsp;","text":"Tesla rocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381380157","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381380096,"gmtCreate":1612930981915,"gmtModify":1704876162700,"author":{"id":"3574597457129986","authorId":"3574597457129986","name":"dessyag","avatar":"https://static.tigerbbs.com/b12eaa6588dc6f5c33db538d6fe96d26","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"BTC ????","listText":"BTC ????","text":"BTC ????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381380096","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381317989,"gmtCreate":1612930920641,"gmtModify":1704876160758,"author":{"id":"3558062658909791","authorId":"3558062658909791","name":"Huhubi","avatar":"https://static.tigerbbs.com/51184698b590a2d3e0ab427a11aaeb88","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381317989","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381312336,"gmtCreate":1612930624725,"gmtModify":1704876157193,"author":{"id":"3565081661382277","authorId":"3565081661382277","name":"Mm101","avatar":"https://static.tigerbbs.com/01758aa877d9e5a9767d24de3a4e2ff1","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381312336","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381318885,"gmtCreate":1612930541047,"gmtModify":1704876155075,"author":{"id":"3556632083079134","authorId":"3556632083079134","name":"FlashTrade","avatar":"https://static.tigerbbs.com/fd50687883ade2f568385230b8ba3c31","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Tesla will lead the other multi million industries to invest in Bitcoin, like Apple, Amazon and Tencent etc.","listText":"Tesla will lead the other multi million industries to invest in Bitcoin, like Apple, Amazon and Tencent etc.","text":"Tesla will lead the other multi million industries to invest in Bitcoin, like Apple, Amazon and Tencent etc.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/381318885","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3534025,"gmtCreate":1612931047034,"gmtModify":1680776358000,"authorId":3561102963736661,"author":{"id":3561102963736661,"authorId":3561102963736661,"name":"kylerwsm","avatar":"https://static.tigerbbs.com/a43845a47cc0ce18120e903c1eaffb3f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":381318885,"type":1,"supId":0,"prevId":0,"content":"What would the new age of no inflation mean for the lower and middle class then?","text":"What would the new age of no inflation mean for the lower and middle class then?","html":"What would the new age of no inflation mean for the lower and middle class then?"}],"langContent":"EN"},{"id":381311143,"gmtCreate":1612930476182,"gmtModify":1704876153438,"author":{"id":"3571721779055700","authorId":"3571721779055700","name":"Pewuf","avatar":"https://static.tigerbbs.com/e32a69c3279db584e7094742e5e3eea9","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Not for long","listText":"Not for long","text":"Not for long","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381311143","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381319390,"gmtCreate":1612930354310,"gmtModify":1704876150311,"author":{"id":"3572498650193459","authorId":"3572498650193459","name":"ProLim","avatar":"https://static.tigerbbs.com/6eca4831f468b79e30513dff47109ae3","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Coins&nbsp;","listText":"Coins&nbsp;","text":"Coins","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381319390","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381337811,"gmtCreate":1612930268333,"gmtModify":1704876148172,"author":{"id":"3568696694714874","authorId":"3568696694714874","name":"Diamondhand6","avatar":"https://static.tigerbbs.com/3d95004a1d764b1b82eacaa7b9537269","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Bitcoin!!!","listText":"Bitcoin!!!","text":"Bitcoin!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381337811","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381335847,"gmtCreate":1612930082389,"gmtModify":1704876145703,"author":{"id":"3571784946922966","authorId":"3571784946922966","name":"kohaku84","avatar":"https://static.tigerbbs.com/ced1f1ad7dc4fefc13b10ec983b8fd7e","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Other huge companies will adopt and it will be part of a financial instrument","listText":"Other huge companies will adopt and it will be part of a financial instrument","text":"Other huge companies will adopt and it will be part of a financial instrument","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381335847","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381338223,"gmtCreate":1612929706762,"gmtModify":1704876141941,"author":{"id":"3568799656541576","authorId":"3568799656541576","name":"PEHPEH","avatar":"https://static.tigerbbs.com/af5e8cdcfb3b610e210a145cbda18d52","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"We know when he buys, don’t know when he sells...","listText":"We know when he buys, don’t know when he sells...","text":"We know when he buys, don’t know when he sells...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/381338223","repostId":1162909934,"repostType":4,"repost":{"id":"1162909934","pubTimestamp":1612927184,"share":"https://www.laohu8.com/m/news/1162909934?lang=&edition=full","pubTime":"2021-02-10 11:19","market":"us","language":"en","title":"How Long Will the Tesla-Driven Bitcoin Rally Last?","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909934","media":"zacks","summary":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. In","content":"<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year.&nbsp;Institutional interest&nbsp;has mainly led to this buoyancy.&nbsp; The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.</p>\n<p>The latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,<b>PayPal Holdings Inc</b>&nbsp;had also announced such a move. PayPal's competitor&nbsp;<b>Square</b>&nbsp;launched support&nbsp;for bitcoin back in 2018&nbsp;through its Cash app. Square also&nbsp;bought $50 million in bitcoin&nbsp;in October as part of a larger investment in cryptocurrency.</p>\n<p>Corporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency.&nbsp;Facebook-backed cryptocurrency Libra has also been&nbsp;rebranded “Diem”&nbsp;in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.</p>\n<p>David Marcus, the head of Facebook Financial, also known as F2, said he hopes the&nbsp;cryptocurrency called Diem&nbsp;will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read:&nbsp;VanEck Files for a Bitcoin ETF All Over Again).</p>\n<p><b>More Corporate Acceptance Awaiting Ahead?</b>Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&amp;P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.</p>\n<p>Sergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,”&nbsp;as quoted on Businessinsider.&nbsp;Investors are probably viewing it as a&nbsp;hedge against inflation&nbsp;and an alternative to the depreciating dollar, per market watchers.</p>\n<p><b>Will the Rally Continue?</b>The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.</p>\n<p>So, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.</p>\n<p>If more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.</p>\n<p><b>Stocks to Play</b>Hence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"</p>\n<p><b>Riot Blockchain</b> – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.</p>\n<p><b>NVIDIA</b>&nbsp;– The company&nbsp;is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's&nbsp;GeForce RTX&nbsp;30 desktop graphics cards by turning to GeForce RTX&nbsp;30-powered laptops, according to social media posts examined by&nbsp;Wccftech&nbsp;and&nbsp;Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.</p>\n<p><b>Cleanspark Inc.</b>&nbsp;– The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Long Will the Tesla-Driven Bitcoin Rally Last?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Long Will the Tesla-Driven Bitcoin Rally Last?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to ...</p>\n\n<a href=\"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.zacks.com/stock/news/1259702/how-long-will-the-tesla-driven-bitcoin-rally-last?&art_rec=home-home-investment_ideas_stocks-ID02-txt-1105942","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909934","content_text":"The price of Bitcoin has been going through the roof lately. Bitcoin soared about 200% last year. Institutional interest has mainly led to this buoyancy.  The cryptocurrency took less than a month to cross the difference of $20,000 in value as it hit the $20,000 mark for the first time on Dec 16 and touched $40,000 on Jan 7. If this was not enough, bitcoin crossed the 47,000 mark on Feb 8.\nThe latest all-time high level was attained by virtue of Tesla’s investment of $1.5 billion, which made it the biggest company to show support to the otherwisecontroversial cryptocurrency.Tesla would start accepting payment for its electric vehicles in the currency. Before this,PayPal Holdings Inc had also announced such a move. PayPal's competitor Square launched support for bitcoin back in 2018 through its Cash app. Square also bought $50 million in bitcoin in October as part of a larger investment in cryptocurrency.\nCorporations’ greater acceptance in allowing customers to hold bitcoin and other virtual coins in their online wallets has been favoring the cryptocurrency. Facebook-backed cryptocurrency Libra has also been rebranded “Diem” in an effort to gain regulatory approval by refurbishing the project in a simpler manner. It is run by a consortium called the Diem Association.\nDavid Marcus, the head of Facebook Financial, also known as F2, said he hopes the cryptocurrency called Diem will hit the market in 2021. A bitcoin ETF could finally see the day of the light in 2021 as VanEck recently filed an application with the SEC. Notably, the SEC had earlier rejected several bitcoin ETF proposals (read: VanEck Files for a Bitcoin ETF All Over Again).\nMore Corporate Acceptance Awaiting Ahead?Antoni Trenchev, managing partner and co-founder of Nexo in London (one of the world’s biggest crypto lender), expects at least 10% of S&P 500 companies to remain invested in Bitcoin by the end of 2022,as quoted in a source.\nSergey Nazarov, the cofounder of Chainlink, said a few days back that “rising inflation and increasingly negative views of modern monetary policy are forcing investors to look for alternative ways to preserve the value of their capital,” as quoted on Businessinsider. Investors are probably viewing it as a hedge against inflation and an alternative to the depreciating dollar, per market watchers.\nWill the Rally Continue?The biggest problem with bitcoin mining is that the number of coins will be fixed. “Bitcoin was designed to be created at a fixed rate, which means miners must compete against each other to win coins. The number of bitcoins created annually automatically decreases over time and issuance will end with a total of 21 million bitcoins in circulation. The more time passes, the harder computers have to work to mine new bitcoins. There are currently more than 18 million bitcoins in circulation,”per a Reuters article.\nSo, there is no way that the 21 million will be exhausted soon. But will it be interesting to see what happens after that? Yes, “the bitcoin mining process provides bitcoin rewards to miners, but the reward size is decreased periodically to control the circulation of new tokens,” as indicated byan Investopedia article.\nIf more circulation of currency is not possible with economic growth, one should not expect much stability in that currency’s trading. Bitcoin has been extremely volatile in the past, and will continue to remain so in the future too. Plus, one should take a closer look at the inflationary scenario. If there is disinflation in various parts of the globe due to any further COVID-19 crisis, bitcoin may slip again.\nStocks to PlayHence, it is wise bet on Crypto Innovators that are more stable.'Crypto Innovators' are the stocks of \"companiesthat service and transact in the segment of the economy dealing with crypto assets and distributed ledger technology (e.g., blockchain technology).\"\nRiot Blockchain – The Zacks Rank #3 company leverages its expertise and network to build and support blockchain technology companies. Shares surged 40.3% on Feb 8.\nNVIDIA – The company is poised to benefit from its GPUs in the cryptocurrency space.Chinese cryptocurrency miners are dealing with a scarcity of Nvidia's GeForce RTX 30 desktop graphics cards by turning to GeForce RTX 30-powered laptops, according to social media posts examined by Wccftech and Cointelegraph,as quoted on seekingalpha. NVDA was up 6.2% on Feb 8.\nCleanspark Inc. – The Zacks Rank #3 microgrid company provides energy software and control technology. From Dec 10, 2020the first full-day of mining following the acquisition of its wholly owned subsidiary ATL Data Centers LLC, through the end of the calendar year, CleanSpark produced 31 bitcoins from its mining activities. Production since the first of the year has exceeded 4.3 bitcoins. The stock added 8.1% on Feb 8.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3533850,"gmtCreate":1612929737894,"gmtModify":1680776363821,"authorId":3568799656541576,"author":{"id":3568799656541576,"authorId":3568799656541576,"name":"PEHPEH","avatar":"https://static.tigerbbs.com/af5e8cdcfb3b610e210a145cbda18d52","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":381338223,"type":1,"supId":0,"prevId":0,"content":"[捂脸]","text":"[捂脸]","html":"[捂脸]"},{"id":3533901,"gmtCreate":1612930036099,"gmtModify":1680776362035,"authorId":3568799656541576,"author":{"id":3568799656541576,"authorId":3568799656541576,"name":"PEHPEH","avatar":"https://static.tigerbbs.com/af5e8cdcfb3b610e210a145cbda18d52","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":381338223,"type":1,"supId":3533877,"prevId":0,"content":"Anw i have no money to buy bitcoin ","text":"Anw i have no money to buy bitcoin ","html":"Anw i have no money to buy bitcoin "},{"id":3533877,"gmtCreate":1612929903560,"gmtModify":1663223108944,"authorId":3574476494535550,"author":{"id":3574476494535550,"authorId":3574476494535550,"name":"jayelse","avatar":"https://static.tigerbbs.com/0ab149402f50e55713163e850a184c9e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":381338223,"type":1,"supId":0,"prevId":0,"content":"so <u>deep</u>","text":"so <u>deep</u>","html":"so <u>deep</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":37,"commentSize":26,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}