Reasons for why Bitcoin mining firm Bit Digital Inc. (BTBT 9.48) is a good buy:
1. Big rally in Bitcoin is coming.
2. BTBT Just came off a 69%correction.
3. Cheapest among Bitcoin miners by Price to Sales, P/S only 4.03 Vs 75.96, 36.53 and 21.49 for MARA,RIOT and HUT respectively.
4. Small 43.38 million shares float, but over 11% shorts.
5. Wall Street analysts consensus rating is 4 (highest is 5).
6. Technicals: BTBT is having big percentage move today with heavy 4.21X average volume. It is breaking above 100 and 20 day moving averages. This is a good momentum buy signal. Resistances are 11, 13 and 15.
Followings are more good news for cryptocurrency :
1. The price rise was also anticipated as the Bitcoin supply on centralized exchanges fell to a new 30-month low which has brought down the chances of another sell-off significantly. Market pundits believe bitcoin could still touch $100K by the end of this year if any major sell-offs don't ruin the bull run. ---Coingape.com 10/05/2021
2. Bitcoin might become a regulated currency for payments in Brazil in the near future, according to statements given by Aureo Ribeiro, a federal deputy. Ribeiro stated that with the future approval of Bill 2.303/15, which regulates cryptocurrencies, new uses would be open for crypto holders, such as buying houses, cars, and even food in restaurants like McDonald's. These comments are the product of the approval of the so-called Brazilian “Bitcoin Law” for presentation in the Plenary of the Chamber of Deputies, after being stuck in development for years. Ribeiro also stated that, by its design, this law could be a referent for other countries wishing to regulate digital assets, saying its text is “innovative.” ---Bitcoin.com 10/05/2021
3. Teddy Vallee, chief investment officer at Pervalle Global Capital, said he expects momentum to continue through the quarter if a big equity correction doesn't get in the way of it. “Long term holders now make up more than 80.5% of total supply, which has historically led to large rallies over the ensuing six months," he said. "Absent of a large equity correction, we see prices higher from here by year end. Incremental demand should remain strong, as institutional adoption continues to accelerate, which creates a favorable supply/demand dynamic." The rally comes on the heels of comments made last week by Federal Reserve chairman Jerome Powell, who said in a House Committee on Financial Services hearing that he has “no intention to ban” cryptocurrencies in the U.S. the way China repeatedly has. ---CNBC.com 10/05/2021
4. "There are dozens, if not hundreds, of billion-dollar proprietary trading firms, hedge funds and other asset managers that have recently made their first crypto trades," Joshua Frank, co-founder and CEO of TheTIE, a crypto and blockchain analytics provider said.He further stated that while there have been some high-profile announcements of funds investing in crypto, there are many more of these developments taking place behind the scenes, of which the public has no knowledge. Frank said that usually, such operations start simple — ie, a fund does a cash-and-carry BTC trade as a proof-of-concept using partner capital — and grow over time. According to a recent survey, a growing list of traditional financial entities are increasingly looking to move into the realm of digital asset trading/investments. Per the report, some 62% of global institutional investors with no current exposure to cryptocurrencies stated that they are looking to get into the crypto market within the next 12 mont hs or so. The survey considered the views of 50 wealth managers and 50 institutional investors based out of different countries including across the United States, the United Kingdom, France, Germany and the United Arab Emirates. “There is no doubt that the crypto assets market is becoming more mainstream in the institutional and wealth management sectors," the report stated. ---Cointelegrapth.com 10/05/2021
比特币采矿公司 Bit Digital Inc. (BTBT) 值得买入的原因：
1. 比特币大涨即将来临。
2. BTBT 刚刚完成了 69% 的下跌修正。
3. 比特币矿工中最便宜的价格与销售比率，P/S 仅为 4.03，而 MARA、RIOT 和 HUT 分别为 75.96、36.53 和 21.49。
4. 少流通股量（4338万股），空头超过11%。
5.华尔街分析师一致评级为4（最高为5）。
6. 技术分析：BTBT 今天有很大的百分比波动，交易量是平均交易量的 4.21 倍。 它突破了 100 天和 20 天移动平均线。 这是一个很好的动力买入信号。 阻力位为 11、13 和 15。
以下是跟多的加密货币利好消息：
1. 由于集中交易所的比特币供应量跌至 30 个月新低，这大大降低了再次抛售的可能性，因此价格上涨也是预料之中的。市场专家认为，如果任何重大的抛售不破坏牛市，比特币到今年年底仍可能触及 10 万美元。 ---Coingape.com 10/05/2021
2. 根据联邦议员奥雷奥·里贝罗 (Aureo Ribeiro) 的声明，比特币可能在不久的将来成为巴西支付的受监管货币。 Ribeiro 表示，随着监管加密货币的 2.303/15 法案未来获得批准，加密货币持有者将有新的用途，例如购买房屋、汽车，甚至在麦当劳等餐厅购买食物。这些评论是所谓的巴西“比特币法”在被搁置多年后在众议院全体会议上获得批准的产物。 Ribeiro 还表示，根据其设计，该法律可以作为其他希望监管数字资产的国家的参考，称其文本具有“创新性”。 ---Bitcoin.com 10/05/2021
3. Pervalle Global Capital 首席投资官泰迪·瓦利 (Teddy Vallee) 表示，他预计如果不出现重大的股市调整，比特币本季度的势头将持续下去。 “长期持有者现在占总供应量的 80.5% 以上，这在历史上导致了随后六个月的大幅上涨，”他说。“如果没有大规模的股市调整，我们预计到年底价格会上涨。增量需求应该保持强劲，因为机构采用继续加速，这创造了有利的供需动态。” 上周美联储主席杰罗姆鲍威尔发表评论后，他在众议院金融服务委员会上表示听说他“无意禁止”美国的加密货币，就像中国一再做的那样。---CNBC.com 10/05/2021
4. “有数十家甚至数百家价值数十亿美元的自营交易公司、对冲基金和其他资产管理公司最近进行了首次加密交易，”加密和区块链分析提供商 TheTIE 的联合创始人兼首席执行官 Joshua Frank说。他进一步表示，虽然已经有一些高调宣布投资加密的基金，但在幕后还有更多这些发展正在发生，公众对此一无所知。弗兰克说，通常，此类操作开始时很简单---即一个基金使用合作伙伴资本进行现金和携带 BTC 交易，作为概念验证---并随着时间的推移而增长。根据最近的一项调查，越来越多的传统金融实体越来越希望进入数字资产交易/投资领域。根据该报告，目前没有接触过加密货币的全球机构投资者中约有 62% 表示，他们希望在未来 12 个月左右的时间内进入加密市场。该调查考虑了来自美国、英国、法国、德国和阿拉伯联合酋长国等不同国家的 50 位财富管理机构和 50 位机构投资者的观点。 “毫无疑问，加密资产市场在机构和财富管理领域正变得越来越主流，”报告称。---Cointelegrath.com 10/05/2021
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