Mayor Francis Suarez is following the advice of some well-known crypto experts.

Francis Suarez, the Mayor of Miami, is the next influential person to publicly praise Bitcoin ( BTC ), further underscoring the adoption of the market-leading cryptocurrency

In a corresponding tweet on Thursday, Suarez describes Bitcoin as a “stable investment product in a year marked by incredible instability”. He added that he had been educated about digital currency by prominent crypto experts such as Tyler Winklevoss and Anthony Pompliano.

Both Winklevoss and Pompliano subsequently responded to Suarez’s tweet. Tyler said that he and his brother Cameron will bring the Mayor of Miami with him a signed copy of their book “Bitcoin Revolution Billionaires” the next time they are in town.

Meanwhile, Pompliano said that Miami was well on the way to becoming the first “Bitcoin City” in the USA. An idea that another Twitter user took up by advising the mayor to incorporate blockchain technology into the city’s political life. Suarez does not seem averse to this, because he replied: “We will definitely check that!”

Francis Suarez was elected as an independent candidate for Mayor of Miami in November 2017

Prior to his career in politics, he worked as a lawyer and worked in the real estate industry.

Miami is traded as one of the most interesting cryptocurrency destinations in the US , due to the city’s loose regulation and abundant capital. The North American Bitcoin Conference, attended by well-known industry giants such as Charles Hoskinson , Roger Ver and Riccardo Sagni, was held in Miami earlier this year.

The current soaring of the market-leading cryptocurrency, which is supported by increased interest from major investors and companies, has brought Bitcoin back into the spotlight. The adoption of the cryptocurrency is increasingly seen as an asset in times of crisis and economic uncertainty.

Together we go further – The Associazione Bancaria Italiana (ABI) says it has started tests to assess the potential benefits of a crypto-euro . The association works in parallel with the European Central Bank, but it intends to participate in the trials of a European MNBC.

Italian banks proactive on digital currencies

The ABI research center had previously announced its intention to develop a digital currency to facilitate inter-bank settlements and cross-border payments.

For the association, the priorities are to establish a legal framework adapted to the regulatory requirements of the euro zone and to protect the privacy of European citizens.

Most Italian banks are already using blockchain for inter-bank transactions

Basically, this process took between 30 and 50 days, but since the implementation of the Profit Revolution blockchain in the banking system, the time has been reduced to 48 hours . The success of this transition must have opened the eyes of the leaders of the Italian banks, who are now making joint efforts within the ABI.

According to the banking association, a digital currency backed by the ECB would reorganize the traditional banking system . This would better manage currency and interest rate risks with the programmable capabilities of digital currencies.

The European Central Bank said it would start the project with a reflection phase, to decide whether to continue the project of issuing a digital euro around mid-2021.

Data on open interest in Bitcoin futures seems to show a possibility of crypto taking up the bullish race again.

Good news! We know that the price of Bitcoin (BTC) didn’t reach the historical maximum we were all waiting for, however, all is not lost. The open interest in Bitcoin’s futures gives us hope.

Bitcoin is correcting, here are the key support levels
Bitcoin could still reach USD 20,000
According to Skew’s data, open interest in aggregate futures contracts reached USD 7.4 billion yesterday. Interestingly, over the past 6 months, open interest has increased by approximately 110%.

Therefore, the data reflects that there is a Bitcoin Trend App flow of money coming into the Bitcoin futures market.

However, the question is: What does it tell us about price behavior?

As we reported from Crypt Trend, yesterday BTC saw a major correction in its price and although it has recovered, experts fear another correction in the short term.

Therefore the crypto community is desperate to hold out hope. Obviously we all want to see Bitcoin break above USD 20,000 and stay above that level.

Bitcoin sees a big correction, what’s next?
A glimmer of hope?
Basically what Skew’s data recorded is that both Bitcoin’s open interest in futures and options have reached new highs in the last few days.

This increase in Bitcoin open interest represents an increase in liquidity in the cryptomoney and can therefore be considered a positive event.

Not to mention that, just yesterday, Bitcoin recorded the highest volume of futures in Bitcoin’s history.

As such, there are crypto analysts who still believe in the upside potential of the leading crypto. One of them is Alex Kruger who, yesterday, claimed on Twitter that he was one of the bullish ones.

“The latest price drop is a noise against the larger uptrend,” Kruger said. Let’s keep in mind that all the factors that initially drove Bitcoin are still present.

Therefore, many investors see the current fall as a setback in the market that could even be healthy. However, they maintain their upward expectations for the long term.

Another metric that points to a continuing upward trend is that, according to Glassnode, the amount of Bitcoin in crypto exchanges remains at its lowest level since August 2018.

Bitcoin erlebt eine Hausse in seinem Preis, die mit dem Rekord vergleichbar ist, der beim Erreichen seines Allzeithochs im Dezember 2017 aufgestellt wurde. Wird dieser neue Rekord erreicht werden? Die Experten teilten ihre Ansichten.

Der jüngste Aufwärtstrend des Bitcoin-Preises

Der jüngste Aufwärtstrend des Bitcoin-Preises wurde von vielen als Ausdruck der Ambitionen der Münze gesehen, ihren Allzeithoch-Rekord zu übertreffen. Um sich ein Bild von den Ansichten der Experten in Bezug auf den Preis der Bitcoin Trader auf ihrem Weg zu einem neuen Rekord zu machen, sprach CNBC mit Experten im Kryptobereich, insbesondere mit denen, die ein direktes Interesse an digitalen Währungen haben.

Nach dem Feedback, das vor allem durch die Hervorhebung des Unterschieds zwischen der aktuellen Hausse-Rallye und der Rallye im dritten Quartal 2017 gewonnen wurde, bemerkte Mati Greenspan, Portfoliomanager und Gründer von Quantum Economics, dass

“der Hauptunterschied zwischen heute und der Rallye 2017 darin besteht, dass der Markt damals von Einzelhandelsspekulationen angetrieben wurde und jetzt von Unternehmen und Milliardären getrieben wird”.

Greenspans Einstellung ist im Grunde richtig, wenn man die Geschwindigkeit betrachtet, mit der die institutionellen Bonzen jetzt Unterstützung für Bitcoin zeigen. Nichtsdestotrotz glaubt Antoni Trenchev, der geschäftsführende Gesellschafter des Kryptokreditgebers Nexo, dass

“an ihrer Beteiligung nichts Auffälliges war, da sie im Stealth-Modus kauften, aber sobald Bitcoin es in ihre Schatzkammern geschafft hatte, ließen sie es die Welt wissen, ähnlich wie bei der Goldhausse in den 1970er Jahren”.

Da die Ansichten über verschiedene Aspekte von Bitcoin auseinander gingen, wurde zunehmend laut, was zeigt, dass die Zukunft der führenden digitalen Währung im Verhältnis zu ihrem Preis und ihrem künftigen Verwendungszweck rosig ist. Der Preis von Bitcoin wurde laut CoinMarketCap auf einem 52-Wochen-Tiefststand von 4.106,98 USD gehandelt, und die Münze hat sich seit ihrem letzten Halbierungsereignis im Mai 2020 um fast 120 % erholt.

Bitcoin wird derzeit über 18.000 USD gehandelt, nachdem ein neues 52-Wochen-Hoch von 18.936,62 USD getestet wurde, und Bitcoin-Enthusiasten glauben, dass ein neues Allzeithoch in kürzester Zeit erreicht werden könnte.

“Ein neues Allzeithoch ist nicht nur möglich, sondern wird von den Bitcoin-Gläubigen weitgehend erwartet, dass es jeden Tag passieren wird”, sagte Greenspan. Pascal Gauthier, CEO des Krypto-Hardware-Brieftaschenherstellers Ledger, hat seine Stimme geliehen und erklärt, dass dieser aktuelle Bullenlauf wahrscheinlich länger dauern wird als der von 2017.

Kann die Position des CEO von PayPal den Preisrekord von Bitcoin beeinflussen?

Der Chief Executive Officer des amerikanischen Online-Zahlungsdienstleistungsriesen Paypal Holdings Inc (NASDAQ: PYPL), Daniel Schulman, bemerkte kürzlich in seinem Interview mit der Squawk Box von CNBC, dass die Anwendungsfälle von Bitcoin die Münze bald über das bloße Kaufen und Halten hinausführen werden, wie es derzeit im heutigen Ökosystem zu beobachten ist.

“Ich denke, dass es immer mehr Anwendungsfälle für Kryptowährungen geben wird”, die Bitcoin (BTC) im Laufe der Zeit breiter akzeptiert, stabiler und wahrscheinlich “wertvoller” machen.

Da PayPal bereits Unterstützung für kryptorelevante Transaktionen bietet, an denen Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) und Litecoin (LTC) beteiligt sind, steht der Weg zur allgemeinen Akzeptanz durch die über 300 Millionen Kunden von PayPal kurz bevor. Dies kann einen erheblichen Einfluss auf den Preis von Bitcoin haben, wie die jüngsten Aufzeichnungen zeigen.

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Game of Thrones actress Maisie Williams recently asked her 2.7 million followers on Twitter if they thought BTC was appropriate . Although the majority voted against the cryptocurrency with skepticism, some popular Bitcoin bulls gathered among its supporters. In addition to Tron boss Justin Sun, investor Mike Novogratz, Tesla and SpaceX founder Elon Musk also gave his approval. The 49-year-old quoted the song “Toss A Coin To Your Witcher” from the Netflix series “The Witcher” in his comment. However, with one decisive change: he wrote Bitcoin instead of Coin. Regardless of the results of the Twitter survey, Williams reacted exactly as one would have expected from GoT-Arya: She still bought Bitcoin.

Miners can no longer pay electricity bills

Mining pools in China suffer from the limitations on their ability to make payments. The Chinese authorities have been trying to curb money laundering in the country since mid-2020. Hence, they have also taken tough measures against crypto exchanges. This has resulted in the closure or suspension of accounts, credit cards, and other payment methods from mining pools and major economic losses. Around 74 percent of the miners surveyed in the country stated that they had ceased operations for a month.

Bitcoin turnaround in Washington? US Senator makes BTC plea

Wyoming’s first female senator, Cynthia Lummis, wants to campaign for BTC . Thus, the soon-to-be senator from Wyoming is probably the highest-ranking politician to appear as an advocate for the market-leading cryptocurrency. She denies that Bitcoin would be used for tax evasion and money laundering. According to her own statements, the senator started investing in BTC seven years ago. Now it remains to be hoped for the crypto community that Lummis will be the first MP to seriously support Bitcoin.

$ 29 billion giant offers customers access to Bitcoin

Mariner Wealth Advisors, a registered investment advisor with advisory assets of more than $ 29 billion, is now partnering with crypto firm Eaglebrook Advisors. They want their customers d s provide access to the most popular cryptocurrency . This means that the investment advisory service first taps into a separately managed account. In addition, your financial advisors can allocate Bitcoin to customers who want to include the leading cryptocurrency in their investment strategies. With this decision, the investment company joins the consortium of well-known companies and investors that Bitcoin has put under its spell.

PwC: Blockchain will grow GDP by $ 1.76 trillion in ten years

As the study “Time for Trust” by the auditing and consulting firm PwC recently forecast, blockchain technology will already contribute around 66 billion US dollars to global gross domestic product (GDP) in the coming year. According to the economists surveyed by PwC, it also has the potential to increase global economic output by 1.76 trillion US dollars by 2030 . This corresponds to a share of 1.4 percent of global GDP. In addition, the experts expect that the technology will be used globally by the majority of companies in the next five years.