Bitcoin: Difference Between Now and 2017 比特币：现在和2017年的不同处

Bitcoin broke above the psychological resistance $20000 today after 1 month of consolidation. In December 2017, Bitcoin went as high as $19666 and then crash 84% down to $3122 during the following 1 year. There is a big difference between now and 2017. In 2017, euphoric sentiment of retail investors drove  Bitcoin price to extreme, however, in 2020, institutions are driving Bitcoin up. Bitcoin should still have a lot of room to run since most retail investors are still not in yet. So be FOMO, be fear of missing out this big opportunity!

Below are the latest Bitcoin news round up:

1. Jim Cramer, the host of CNBC’s Mad Money and founder of financial news site TheStreet, explained in an interview on his news site why he chose to invest in Bitcoin. “You want to diversify into all sorts of asset classes,” said Cramer, who did not disclose the size of his investment. “It’s not a big position for me, but it’s certainly important to be diversified and Bitcoin is an asset. And I want to have a balance of assets,” he said. For hesitant investors, Cramer said “there’s ample literature” about Bitcoin, but that the history of Bitcoin’s volatility tells its own story. Among Cramer’s influencers are Anthony “Pomp” Pompliano, cofounder of Morgan Creek Digital, and Jason Sexton, who tweeted “Buy Bitcoin!!!!”.Robert Stevens of Decrypt reported 12/13/2020 

 2. On Thursday , 12/12/3030, the 169-year old Mass Mutual insurance firm announced bitcoin purchases worth $100 million, as well as a $5 million equity stake in NYDIG – a financial services firm focused on bitcoin with $2.3 billion in the asset under management. MassMutual's move suggests insurance firms and Pension funds are beginning to look at bitcoin as an investment/reserve asset alongside increased demand from wealthy investors and family offices.According to JPMorgan, bitcoin may find an additional demand of $600 billion if pensions insurance firms in the US, EU, UK and Japan.  ---ZeroHedge 12/13/2020

 3. At the start of 2020, Ripio, one of Argentina’s largest crypto exchanges, had around 400,000 users. It’s finishing the year with 1 million. Ripio’s chief brand officer, Juan Mendez, told CoinDesk that around 70% of Ripio users are from Argentina, with the remainder mostly concentrated in Brazil. According to Mendez, the platform also saw a tenfold increase in trading volume this year compared to last. “I’ve been with the exchange pretty much from the beginning and I’ve never seen this kind of growth. This is bigger than the 2017 spike on operations and on demand,” Mendez said. ---Coindesk 12/14/2020 

 4. According to statistics from on-chain analytics resource Glassnode, the number of Bitcoin wallets containing a whole coin or more is at a new all-time high. As of Sunday, almost 827,000 wallets had a balance of 1 BTC or more. ---CoinTelegraph 12/14/2020 

 5. In November, Ruffer allocated what is currently worth approximately 2.5% of its multi-strategies fund to bitcoin , per the memo, or roughly $15 million. The fund manages roughly $620 billion. "We see this as a small but potent insurance policy against the continuing devaluation of the world's major currencies," the London-based firm wrote. "Bitcoin diversifies the company's (much larger) investments in gold and inflation-linked bonds, and acts as a hedge to some of the monetary and market risks that we see." ---Coindesk 12/15/2020 

 6. Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” says Bitcoin is heading to $50,000 in 2021. “Glad I bought Bitcoin. Next stop $50k. Wall of institutional money coming 2021. Buy below $20k. If you missed Bitcoin, buy silver. Silver set to move due to AOC's Green New Deal. America in trouble. Future bright for gold silver Bitcoin and entrepreneurs." Bitcoin is in a favorable position to rally in the upcoming months because of its low correlation with the stock market. Traditional safe-haven assets, like gold, often pull back when US equities rally. In the case of BTC, it has shown a relatively low correlation with US stocks. Hence, Bitcoin has seen sharp uptrends even when equities increase in value.The lack of correlation between Bitcoin and US stocks likely comes from two factors. First, when risk-on assets increase, BTC benefits from an overall rise in investor appetite. Second, stocks have increased in recent months due to unprecedented central bank liquidity injections. Relaxed financial conditions benefit Bitcoin because investors move to hedge against inflation. ---CoinTelegraph 12/15/2020 

 7. According to Bloomberg's Erik Shatzker, a hedge fund specializing in volatility bets-one which is very familiar to regular Zero Hedge readers-has emerged as one of the largest investors in Bitcoin after quietly buying more than $600 million in cryptocurrencies and joining forces with legendary trader Alan Howard, co-founder of Brevan Howard Asset Management. Echoing what we have said repeatedly in recent months, namely that the next leg higher in bitcoin will come on the back of institutional rotation into the cryptocurrency, Eric Peters, CEO of One River Asset Management, told Bloomberg he set up a new company to seize on the growing interest in cryptocurrencies among institutional investors. In addition to its initial purchases, One River Digital Asset Management has commitments that will bring its holdings of Bitcoin and Ether to about $1 billion as of early 2021. ---ZeroHedge 12/16/2020 

8.Many financial advisors get questions about bitcoin from investors that don’t know a lot about the cryptocurrency and have just heard about it in the news. It can be easy to have FOMO, or fear of missing out, on the latest hot investing trend, according to Roger Ma, CFP and founder of New York-based financial planning firm lifelaidout. ---CNBC 12/16/2020 

9. Scott Minerd is the chief investment officer for Guggenheim Investments and manager of the $5.3B Guggenheim Macro Opportunities Fund (GIOIX, GIOAX). They made news last month with a rule change which would allow the fund to put up to 10% of its net asset value in the Grayscale Bitcoin Trust (GBTC). Speaking to Bloomberg's Tom Keene today, Minerd says his team's fundamental work suggests Bitcoin should be worth $400K.  ---SeekingAlpha 12/16/2020

比特币经过1个月的盘整后今天大举突破了心理阻力位20000美元！ 2017年12月，比特币最高达到19666美元，然后在接下来的一年内暴跌84％至3122美元。 现在的情况和2017年之间有很大的不同。在2017年，散户投资者的极端看涨情绪将比特币价格推到了极点，但是，在2020年，推动比特币价格上涨的是机构。 比特币应该仍然有很大的上升空间，因为大多数散户投资者还没有入市。 因此，现在要有FOMO（怕错过）的心态，不要错过这个巨大的机会！

下面是一些最新比特币新闻：

 1. CNBC的《疯狂的钱》（Mad Money）主持人，金融新闻网站TheStreet的创始人吉姆·克莱默（Jim Cramer）在其新闻网站上接受采访时解释了为什么他选择投资比特币。克莱默说：“您想多元化进入各种资产类别。”他没有透露投资规模。 “对我来说，这不是一个大头寸，但多元化发展当然很重要，而比特币是一种资产。我想拥有资产平衡，”他说。对于犹豫不决的投资者，克莱默说“关于比特币的文献很多”，但是比特币的波动性历史说明了它的故事。克莱默的影响者包括Morgan Creek Digital的共同创始人Anthony“ Pomp” Pompliano和发推特“购买比特币！！”的JasonSexton。---Decrypt的罗伯特·史蒂文斯（Robert Stevens）报告2020年12月13日 

 2. 2020年12月12日，星期四，这家拥有169年历史的Mass Mutual保险公司宣布购买价值1亿美元的比特币，并购买了NYDIG的500万美元股权。NYDIG是一家专注于比特币的金融服务公司， 管理资产有23亿美元。 MassMutual的举动表明，保险公司和养老基金开始将比特币视为一种投资/储备资产，同时富裕投资者和家族办公室的需求也在增加。据摩根大通（JPMorgan）称，如果 美国，欧盟，英国和日本的养老保险公司投入，对比特币的需求可能达到6000亿美元。 ---ZeroHedge 12/13/2020

 3. 2020年初，阿根廷最大的加密货币交易所之一Ripio拥有约40万用户。今年以来，这一数字已达到100万。 Ripio的首席品牌官Juan Mendez告诉CoinDesk，Ripio的用户中约70％来自阿根廷，其余的大部分集中在巴西。根据Mendez的说法，该平台今年的交易量也比去年增长了十倍。 “从一开始我就一直在交易所工作，从未见过这种增长。这比2017年的运营和需求高峰要大。” Mendez说。 --- Coindesk 12/14/2020 

 4.根据链上分析资源Glassnode的统计，包含整枚或更多的比特币钱包数量创历史新高。截至周日，近827,000个钱包的余额为1 BTC或更多。 --- CoinTelegraph 12/14/2020 

 5. 在11月份Ruffer将其目前价值约2.5％的多策略基金分配给了比特币，约合1500万美元。该基金管理着大约6,200亿美元。总部位于伦敦的该公司写道：“我们认为这是针对全球主要货币持续贬值的小型但有效的保险政策。” “比特币使公司在黄金和通货膨胀相关债券上的（更大）投资多样化，并作为对冲我们看到的一些货币和市场风险的工具。” --- Coindesk 12/15/2020 

 6.罗伯特·清崎（Robert Kiyosaki）是《富爸爸穷爸爸》（Rich Dad Poor Dad）的最畅销作者，他说比特币在2021年将达到50,000美元。 2021年即将到来的机构资金将在2万美元以下买入。如果您错过了比特币，请购买白银。由于AOC的绿色新政，白银开始上涨。美国陷入困境。对于黄金白银比特币和企业家来说，前途一片光明。”比特币由于与股市的相关性较低，因此在接下来的几个月中处于有利位置。传统的避险资产，例如黄金，在美国股市上涨时通常会回落。就比特币而言，它与美国股票的相关性相对较低。因此，即使股票价值上涨，比特币也呈现出急剧的上升趋势。比特币与美国股票之间的相关性缺乏可能来自两个因素。在资产增加方面，比特币受益于整体投资者胃口；其次，近几个月来，由于央行前所未有的流动性注入，股票有所增加；宽松的金融条件使比特币受益，因为投资者开始对冲通货膨胀--- CoinTelegraph 12/15 / 2020 

 7.根据彭博社的埃里克·沙茨克（Erik Shatzker）的说法，专门从事波动性赌注的对冲基金-零对冲读者应该非常熟悉的对冲基金-在悄悄购买了超过6亿美元的加密货币并与之合作之后，已成为比特币的最大投资者之一。传奇交易员艾伦·霍华德（Alan Howard），布雷文·霍华德（Brevan Howard）是资产管理公司的联合创始人。 One River Asset Management首席执行官埃里克·彼得斯（Eric Peters）告诉彭博社，他呼应近几个月来我们反复重申的观点，即比特币的下一轮上涨将源于机构向加密货币的轮换。机构投资者对加密货币的兴趣日益浓厚。除了最初购买外，One River Digital Asset Management还承诺到2021年初将其持有的比特币和以太币增至约10亿美元。--- ZeroHedge 12/16/2020

8. 许多财务顾问从对加密货币了解不多的投资者那里得到了有关比特币的问题，而他们只是在新闻中听说过。总部设在纽约的金融规划公司lifelayoutout的首席财务官罗杰（Roger Ma）表示，在最新的热门投资趋势下，很容易产生FOMO（担心错过）这一机会的情况。---CNBC 12/16/2020

9. 斯科特·米纳德（Scott Minerd）是古根海姆投资（Guggenheim Investments）的首席投资官，还是53亿美元的古根海姆宏观机会基金（GIOIX，GIOAX）的经理。 他们在上个月发布了一项规则更改的消息，该规则更改允许该基金将其净资产价值的10％存入灰度比特币信托（GBTC）。 Minerd今天在接受彭博社（Bloomberg）的汤姆·基恩（Tom Keene）采访时说，他的团队的基本面研究显示比特币应该值40万美元。---SeekingAlpha 12/16/2020