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Hi everyone,
It is now clear that the first obstacle to encryption is education. Just as in the early days of the Internet, it is not so simple for the average person to exploit the benefits of cryptographic resources, nor are the benefits clear to everyone at this point.
I well remember the great debate on the usefulness of the internet that raged over the years ". It was not really until the invention of the smartphone, the pocket version of the Internet, that everyone really understood the power of the tool we created.
For the resolution of my new year in 2019, I decided to commit create more educational content for novice crypts and raise the level of awareness about the emerging business class.
In recent days, we have seen exceptional examples of this from Time Magazine, which published an excellent article highlighting the benefits of decentralized money and Tony Robbins, AKA America Life Coach, who put it out for his three million followers.
@MatiGreenspan
eToro, senior market analyst
Today's highlights
- Calm yourself and enjoy the journey
- Safe Haven Trading
- Bakkt to Good News & Bad
Note: all data, figures and graphs are valid from 2 January. All trading involves risks. Only risk capital that you can afford to lose.
Traditional markets
Equity markets do not have a great start this year. This morning, some harsh production figures were reported in China and stocks in Asia and Europe are suffering a severe blow.
And yet, the hangover from the new year has not yet vanished. It will not be until Monday that the markets will really return to full capacity. The session in New York could prove exciting, though. As we saw last week, low volume trading can often become volatile, especially as we head towards the twelfth day of a partial government shutdown.
President Trump is all right the new tweettano years it also carried what some have interpreted as a hidden message for the financial markets.
On the safe side
This morning, however, the reassurances of the President of the United States have done little for the investors, who seem to err on the side of prudence.
Gold continues to rise, both on the current uncertainty of global politics and on the weaker US dollar. We are testing the psychological level of $ 1,300 the ounce. Probably this level will not be very easy to break, especially coming out of the strong race we have seen in the last month.
Crude oil is also testing a border at the moment, but on the downside. It is becoming clear to everyone now that OPEC simply does not enjoy the same level of influence on the price it was used to. This new free market has much more competition, which is stimulating more production and more supply.
The level of $ 45 per barrel is observed closely.
Building Crypto
Now that it seems unlikely that the US will soon approve any bitcoin-supported ETF, the number one event on the watchlist of many criptotraders is the launch of Bakkt.
For those of you who are not familiar, Bakkt is a new cryptographic service initiated by the owners of the New York Stock Exchange, which intends to offer an encryption service and a debit card that will make it very easy for everyday customers store and spend bitcoins.
Over the weekend, Bakkt announced an extremely positive $ 182.5 million loan from various Wall Street institutions and should ensure the smooth start of the new service.
However, the launch of their platform was to take place on 12 December, but was subsequently postponed to 24 January. Perhaps because of the US government's arrest, it seems that the launch has been delayed again, this time without a confirmed launch date.
We know it will happen and that it is very likely to represent a big step forward for cryptic adoption, but it seems we will need to continue to be patient as they are being set up.
Before I let you go today, I wanted to ask you to take a short survey. It's just a question and should not take more than a minute to vote, comment and share.
Please visit this link now: https://etoro.tw/CryptoPoll
This content is provided for informational and educational purposes only and should not be considered as an investment advice or recommendation.
Past performance is not indicative of future results. All trading involves risks; only venture capital you are willing to lose.
The presented perspective is a personal opinion of the analyst and does not represent an official position of eToro.
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Best regards,
Mati Greenspan
Senior market analyst
Connect with me on ….
eToro: @MatiGreenspan | chirping: @MatiGreenspan | LinkedIn: MatiGreenspan |Facebook:MatiGreen
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