#CryptoCorner #Podcast 501- #Stocks discussed: (NYSE: $JPM) (NasdaqGS: $MARA) (TSXV: $DMGI.V) (CSE: $NC.C) (OTCQB: $INTV)
#CryptoCorner #Podcast 501- #Stocks discussed: (NYSE: $JPM) (NasdaqGS: $MARA) (TSXV: $DMGI.V) (CSE: $NC.C) (OTCQB: $INTV)
#Bitcoin Steady as
Binance Sees ATH in Trading Volume, JPM Predicts Long Term BTC Potential for
$146K, Marathon and DMG Forming Digital Currency Miners of NA, and NetCents
Adding Interest Bearing #Crypto Accounts
Point Roberts, WA, Delta BC January 5, 2021 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market. Today’s podcast was sponsored by Integrated Ventures (OTCQB: INTV), a company focused on acquiring, launching and operating assets in the cryptocurrency sector.
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https://www.investorideas.com/Audio/Podcasts/2021/010521-CryptoMarket.mp3
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Stocks discussed: (NYSE:JPM) (NasdaqGS:MARA)
(TSXV:DMGI) (CSE:NC)
For today’s Crypto Corner we find Bitcoin (BTC) in roughly the same spot as yesterday,
trading for about $32,250 according to data from CoinMarketCap. Bitcoin spent the last 24 hours more
or less oscillating between a low of about $30,200 and a peak of around $32,850.
Changpeng Zhao (CZ), the CEO of crypto exchange giant Binance, tweeted yesterday that Binance had seen an
all-time high of “$80+ billion in trading volume in the last 24 hrs,” before
adding that the exchange had experienced scaling issues but “will fix them as
quickly as [they] can.” He said in a subsequent tweet:
“To put this in perspective, from Nov 15, 2017 to Dec
15, 2017, the month leading up to the ATH in 2017, @Binance did $20 billion in
trading volume in 1 month. And we were the largest with those volumes back
then.”
Bloomberg reports that strategists from
JPMorgan (NYSE:JPM) say that Bitcoin “has the potential to reach
$146,000 in the long term as it competes with gold as an asset class.” They
went on to say:
“A crowding out of
gold as an ‘alternative’ currency implies big upside for Bitcoin over the long
term. A convergence in volatilities between Bitcoin and gold is unlikely to
happen quickly and is in our mind a multiyear process. This implies that the
above-$146,000 theoretical Bitcoin price target should be considered as a
long-term target, and thus an unsustainable price target for this year.”
Marathon Patent
Group, Inc. (NasdaqGS:MARA) has entered into a non-binding memorandum of
understanding with DMG Blockchain Solutions Inc. (TSXV:DMGI) to form the Digital Currency Miners
of North America (DCMNA), a “a U.S.-based non-profit entity whose mission is to
create a better mining environment for North American miners, to help improve
their financial performance, and to create North America’s first cooperative
mining pool.” The press release outlines benefits of the pool as being profit
sharing, increased transparency, and lobbying efforts. Marathon’s chairman and
CEO, Merrick Okamoto, said:
“To date, companies such as ours have relied on pools
primarily based in Asia to connect to the Bitcoin network, and we have been
frustrated by the lack of transparency and audited data. Marathon has been a
leader both in terms of market capitalization and also in terms of lobbying
regulators on behalf of our industry, and we look forward to working diligently
to build the capabilities of DCMNA on behalf of our mining partners and DCMNA’s
new members.”
Crypto payments
firm NetCents Technology Inc. (CSE:NC) has announced an expansion of its product offering
with the addition of interest bearing crypto accounts on its platform. Clayton
Moore, NetCents CEO, said:
"The pandemic has really demonstrated how there
are 80 million households that are unbanked in North America, and that the
current financial system isn't focused [on] providing solutions to [the]
masses, they are maximizing revenue by focusing on the rich. Paying interest on
deposits is something that lean companies like NetCents [are] well suited to
offer."
Sam Mowers, Investorideas
For investors following the
sector Investor Ideas has a comprehensive Bitcoin,
Blockchain and Digital Currency Stocks Directory
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our site using our list of top stock trading apps including Robinhood , Acorn, Stash and others.
Crypto Corner Podcast sponsor
Integrated Ventures (OTCQB: INTV) is focused on acquiring, launching and operating assets in the cryptocurrency sector.
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