Bitcoin Sets Up As the Best Bet For 2021, What To Buy?比特币会是2021年的最佳投资，该买什么参与？

After Bitcoin rallied about 420% since  March low at $3850 to the recent $19918 high, It has been consolidating between 16200 to near 19918 for the past month already and it doesn't look like it wants to come down. Buy on dips forces have been strong. Pressure looks gathering to break 20000 and it doesn't look like it will stop until this level is broken. 

In fact, there is no incentive to sell as good news keep on coming day after day. The latest news is the Microstrategy (MSTR) says it sold $650 million of convertible notes and plans to buy about 35220 bitcoin . The company already owns 40824 bitcoins before this plan. The other news came out on Friday is that the 189 year oil Massachusetts Mutual Insurance  said it purchased $100 million in Bitcoin. 

Billionaires, hedge funds, mutual funds, corporations and institutions are recognizing that Bitcoin is an investment asset that cannot be ignored and they have been buying in. Now what need to happen is the waking up of retail investors and a bitcoin feeding frenzy is going to happen like the dot coms in the 2000, the work- at -home and EV stocks this year.  The easy to use platforms from Square (SQ), PayPal (PYPL) and Robinhood which have hundreds of millions of accounts, when these accounts start to push the buy button , it's going to set Bitcoin on fire. Don't forget, there are also 190 crypto currency exchanges in the world that people can buy Bitcoin too. 

The low estimate for next years price targets ranged from $50000 to $318000. These targets are not outrageous because surges of ranging from 200% to 2600% in a year occurred in the history of Bitcoin. In fact I just mentioned at the beginning of this blog that in the last 9 months, Bitcoin rose nearly 420%. A 200% move above $20000 means Bitcoin reaches $60000 by end of next year and for 2600% move would mean $540000! So, believe it!

For more about Bitcoin on this blog, please refer to blogs Why Bitcoin Can Go Above $50000 Next Year Easily; Bitcoin Breakout Imminent imminent; and Bitcoin Is Hot, Here Is All You Need To Know.

Following are some ETFs and stocks to participate in Bitcoin's surge:

Grayscale Bitcoin Trust (GBTC) is solely and passively invested in Bitcoin, enabling investors to gain exposure to BTC in the form of a security while avoiding the challenges of buying, storing, and safekeeping BTC directly.

Bitwise 10 Crypto Index Fund (BITW) A secure way to get diversified exposure to bitcoin and leading cryptocurrencies. The fund seeks to hold the 10 most highly valued cryptocurrencies, screened & monitored for certain risks, weighted by market capitalization, and rebalanced monthly. The fund provides the security and simplicity of a traditional investment vehicle, with shares tradable in brokerage accounts using ticker “BITW”

Riot Blockchain, Inc., (RIOT)together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies ecosystem. It is involved in digital currency mining operation, which utilizes specialized computers that generate digital currency primarily bitcoin. The company also holds interests in various activities, including purchasing and selling digital currencies; provides accounting, audit, and verification services for blockchain based assets, such as cryptocurrencies; and develops TessPay, a payments ecosystem for component and sub-component supply chain settlement solution, as well as other blockchain solutions for telecommunications companies. As of December 31, 2019, approximately 7,400 of the miners were installed and operating. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was founded in 2000 and is based in Castle Rock, Colorado.

Marathon Patent Group, Inc. (MARA)operates as a digital asset technology company that mines cryptocurrencies. It owns cryptocurrency mining machines and a data center to mine digital assets in Quebec, Canada. The company was formerly known as American Strategic Minerals Corporation and changed its name to Marathon Patent Group, Inc. in February 2013. Marathon Patent Group, Inc. was founded in 2010 and is headquartered in Las Vegas, Nevada. MARA said in November  that once all of its 23,560 cryptocurrency miners are deployed in the second quarter of 2021, it sees potential to produce 15 to 20 bitcoins per day, at an average cost of $3,863 per bitcoin. The company sees potential to generate revenue of $8.8 million per month, and $6.7 million in gross profit per month. On December 9,2020, Marathon Patent Group (MARA) inked a contract with Bitmain to purchase 10K Antminer S-19j Pro ASIC Miners wherein an initial batch of 6K miners will be received in August 2021 while remaining to be delivered in September 2021. Post delivery and full deployment, Marathon's mining portfolio will consist of 33,560 state of the art ASIC miners, generating 3.56 EH/s.

Square, Inc. (SQ) provides, together with its subsidiaries, payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that offers sellers to payment and point-of-sale solutions. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a portable payments device that replaces keypad terminals, which accepts various payment types, such as tap, dip, and swipe, as well as prints receipts; and managed payments solutions. The company also offers various software products, including Square Point of Sale; Square Virtual Terminal; Square Appointments; Square for Retail; Square for Restaurants; Square Invoices, Square Online Store; Square Loyalty, Marketing, and Gift Cards; and Square Dashboard. In addition, it offers developer platform, which includes application programming interfaces and software development kits. Further, it provides managed payments, instant transfer, Square Card, Square Capital, and payroll. Additionally, it provides Cash App, which enables to send, spend,  store money and buy and sell stocks and Bitcoin; and Weebly that offers customers website hosting and domain name registration solutions. Square, Inc. was founded in 2009 and is headquartered in San Francisco, California. Up to October 2020, SQ owns 4079 Bitcoins.

PayPal Holdings, Inc. operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies. It also offers gateway services that enable merchants to accept payments online with credit or debit cards, as well as digital wallets. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California. PayPal has recently allow its accounts to trade Bitcoin and other major crypto currencies. 

MicroStrategy Incorporated (MSTR) provides enterprise analytics software and services worldwide. It offers MicroStrategy 2020, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security. The company also provides MicroStrategy Support that helps customers to achieve their system availability and uptime goals, and to improve the overall experience through highly responsive troubleshooting and proactive technical product support. In addition, it offers MicroStrategy Consulting that provides customers with architecture and implementation services to help them quickly realize results, and helps to achieve returns on investment derived from understanding of data; and MicroStrategy Education that offers free and paid learning options. The company provides its services through enterprise sales force and channel partners. It serves companies from a range of industries, including retail, consulting, technology, manufacturing, finance, banking, insurance, healthcare, education, and telecommunications, as well as the public sector. The company was founded in 1989 and is headquartered in Tysons Corner, Virginia. MSTR owns 40824 Bitcoins and plans to purchase more.

在比特币自三月低点3850美元上涨约420％至最近的19918美元高点之后，过去一个月它一直在16200美元至19918美元附近进行盘整，看起来它并不想下跌。逢低买入的力量很强。突破20000美元的 压力似乎在累积，并且看起来不会停止，直到这个水平被击破。

实际上，随着日复一日的好消息不断涌现，投资人卖出比特币的意愿不大。最新消息是微策略公司（MSTR）表示，它已出售了6.5亿美元的可转换债券，并计划用来购买约35220个比特币。在此计划之前，该公司已经拥有40824个比特币。周五的另一个消息是，拥有189年历史的马萨诸塞州共同保险公司表示已购买了1亿美元的比特币。

亿万富豪，对冲基金，共同基金，企业和机构已经意识到比特币是一种不能忽视的投资资产，并且一直在买进。相似于 2000年的互联网，今年的居家工作和电动汽车股票的疯涨将发生在比特币。 Square（SQ），PayPal（PYPL）和Robinhood的易于使用购买比特币的平台拥有数亿个帐户，一旦散户意识到比特币的好，这将点燃比特币飙升。别忘了，全球还有190个加密货币交易所可供人们购买比特币。

分析师们明年的比特币价格目标为$ 50000至$ 318000。这些目标并不是胡扯，因为在比特币的历史中，曾出现过一年从200％到2600％的激增。实际上，我刚刚在此博客的开头提到，在过去9个月中，比特币已上涨了近420％。 在 20000美元的基础上，200%的上涨意味着比特币到明年年底将达到$ 60000，而2600％的上涨则意味着$ 540000！所以，相信它！

有关此博客上有关比特币的更多信息，请参阅博客:为什么明年比特币可以轻松升至$ 50000以上；比特币突破在即；比特币炙手可热，这里有您所需要知道的。

 以下是参与比特币上涨的一些ETF和股票：

灰度比特币信托（Grayscale Bitcoin Trust GBTC）是对比特币的唯一和被动投资，使投资者能够以证券形式参与比特币，同时避免直接购买，存储和保管比特币的挑战。

 Bitwise 10加密指数基金（BITW）是一种安全的方式来获得比特币和主要加密货币的多元化参与。该基金寻求持有价值最高的10种加密货币，对某些风险进行筛选和监控，以市值加权，并每月重新平衡。该基金提供了传统投资工具的安全性和简便性。

 Riot Blockchain，Inc.（RIOT）及其子公司一起致力于建立，支持和运营区块链技术生态系统。它涉及数字货币挖掘操作，该操作利用专门的计算机生成主要是比特币的数字货币。该公司还对各种活动感兴趣，包括买卖数字货币；以及为基于区块链的资产（例如加密货币）提供会计，审计和验证服务；并开发了TessPay，这是一个用于组件和子组件供应链结算解决方案的支付生态系统，以及面向电信公司的其他区块链解决方案。截至2019年12月31日，约有7,400采矿机已安装并运行。该公司的前身为Bioptix，Inc.，并于2017年10月更名为Riot Blockchain，Inc.。Riot Blockchain，Inc.成立于2000年，总部位于科罗拉多州的Castle Rock。

Marathon Patent Group，Inc.（MARA）是一家开采加密货币的数字资产技术公司。它拥有加密货币采矿机和一个数据中心，用于挖掘加拿大魁北克的数字资产。该公司以前称为American Strategic Minerals Corporation，并于2013年2月更名为Marathon Patent Group，Inc.。Marathon Patent Group，Inc. 成立于2010年，总部位于内华达州拉斯维加斯。MARA在2020年11月表示，一旦在2021年第二季度部署了所有23,560种加密货币矿机，它就有望每天生产15至20个比特币，平均成本为每个比特币3,863美元。 该公司认为有潜力每月产生880万美元的收入，每月产生670万美元的毛利润。 2020年12月9日，马拉松专利集团（MARA）与Bitmain签订了购买10K Antminer S-19j Pro ASIC矿机的合同，其中首批6K矿工将在2021年8月收到，其余将在2021年9月交付。 交付和全面部署之后，Marathon的采矿业务将包括33,560个最先进的ASIC矿工，产生3.56 EH / s。

Square，Inc.（SQ）及其子公司在美国和全球范围内提供付款和销售点解决方案。该公司的商业生态系统包括销售点软件和硬件，可为卖家提供付款和销售点解决方案。它提供硬件产品，包括Magstripe读卡器，该卡可实现磁条卡的刷卡交易；接受Europay，MasterCard和Visa（EMV）芯片卡以及近场通信支付的非接触式芯片读取器； Square Stand，可将iPad用作支付终端或完整的销售点解决方案； Square Register结合了其硬件，销售点软件和支付技术； Square Terminal，一种便携式支付设备，取代了键盘终端，该设备可以接受各种支付类型，例如点击，浸入和刷卡，以及打印收据；和托管付款解决方案。该公司还提供各种软件产品，包括Square Point of Sale；方形虚拟终端；广场约会；零售广场；餐厅广场；方形发票，方形在线商店；广场会员卡，行销卡和礼品卡；和方形仪表板。此外，它提供了开发人员平台，其中包括应用程序编程接口和软件开发套件。此外，它提供托管付款，即时转账，Square Card，Square Capital和工资单。此外，它还提供了Cash App，可以进行汇款，支出，存储和购买股票及比特币。和Weebly为客户提供网站托管和域名注册解决方案。 Square，Inc.成立于2009年，总部位于加利福尼亚州旧金山。到十月份为止，SQ 现在拥有4079个比特币。

PayPal Holdings，Inc.( PYPL) 是一家技术平台和数字支付公司，可以代表全球消费者和商家进行数字和移动支付。其支付解决方案包括PayPal，PayPal Credit，Braintree，Venmo，Xoom和iZettle产品。该公司的付款平台允许消费者发送和接收付款，将资金提取到他们的银行帐户，以及在PayPal帐户中以各种货币保存余额。它还提供网关服务，使商家能够使用信用卡或借记卡以及数字钱包在线接受付款。PayPal Holdings，Inc.成立于1998年，总部位于加利福尼亚州圣何塞。PayPal最近允许其帐户交易比特币和其他主要的加密货币。

MicroStrategy Incorporated（MSTR）在全球范围内提供企业分析软件和服务。它提供企业平台MicroStrategy 2020，该平台通过超智能产品，可视化和报告功能，移动性功能以及在平台上开发的自定义应用程序为用户提供跨多个设备的洞察力，从而提供现代的分析体验。分析师和数据科学家可以直接在其工具中无缝访问受信任的受管数据； API和网关，多种部署选项，企业语义图，可伸缩性和安全性。该公司还提供MicroStrategy支持，可通过快速响应的故障排除和主动的技术产品支持来帮助客户实现其系统可用性和正常运行时间目标，并改善整体体验。此外，它还提供MicroStrategy Consulting，可为客户提供体系结构和实施服务，以帮助他们快速实现结果，并帮助实现从对数据的理解中获得的投资回报； MicroStrategy Education提供免费和付费的学习选项。该公司通过企业销售人员和渠道合作伙伴提供服务。它为来自各个行业的公司提供服务，包括零售，咨询，技术，制造，金融，银行，保险，医疗保健，教育和电信以及公共部门。该公司成立于1989年，总部位于弗吉尼亚州的泰森斯角。MSTR现在拥有40824 比特币并计划继续购买。

Why Bitcoin Can Go Above $50000 Next Year Easily为什么比特币明年可以轻松升至$ 50000以上

Bitcoin is a hot commodity lately for the following reasons:

1. Bitcoin is a hedge against financial crisis and inflation

2. Money managers begin to accept it as a new form of investment asset

3. It is a strong competitor to gold, so money likely come out of gold into Bitcoin

4. It is increasingly wide adaptation worldwide

5. limited amount of Bitcoin availability and unreplenishable making it a good storage of value.

6. Bitcoin's market cap is only around $350 billions, it has a lot of room to expand

Lately, big investors such as Stanley Druckenmiller, Paul Tudor Jones, Jack Dorsey, Michael Saylor,  Mexican billionaire Ricardo Salinas among others have all put a portion of their vast wealth in Bitcoin. PayPal with over 300 millions accounts has started crypto currency trading services in Bitcoin, Ethereum, Bitcoin Cash and Lite Coin. Square with over 30 million accounts allows its customer to trade Bitcoin and it has been purchasing Bitcoin itself.  Enterprise software company Microstrategy Inc has accumulated 40824 Bitcoins as corporate treasury reserve. All the above recent developments have raised tremendous interest in Bitcoin and pushed Bitcoin to the brink of breaking above the psychological price celling of $20000. 

While breaking above the $20000 level is a high probability event, how high can it go next year is on everybody's mind.  Followings are some of the forecasts:  Tom Fitzpatrick, global head of CitiFXTechnicals, $318000,  Mike Novogratz, CEO of investment firm Galaxy Digital, $60000, Tom Lee of Fundstrat, $60000, and BTIG strategists said Bitcoin should reach $50000 by the end of 2021.

Are the above estimates too high? Not really. Let's revisit how Bitcoin has been performing in the past: From December 2016 low of $721 to December 2017 high of 19666, the 1 year return was 2600%. From December 22, 2018's $3160 to June 29, 2019, the half year return was 340%. The latest move was from November 30, 2019's 6515 to December 1, 2020's $19918, the 1 year return was 200%. Base on these big percentage moves in the past, Bitcoin more than doubling in a year can be easy especially when bullish sentiment runs rampant. Besides, in the recent U.S. stock market, investors craziness to ignore the outrageously high valuations and poured into big high-tech,   electric vehicles and work at home stocks has not yet occurred in Bitcoin trading. I bet you, this will happen soon. Bitcoin is an investment product of the modern era. Big  investors and institutions have now begun to participate, and there will be an influx of retail investors soon. Although retail investors still don't understand what Bitcoin is all about, once they see that this investment asset has been rising non-stop, the idea of "fear of missing out" will cause them to swarm into buying and drive Bitcoin to rise wildly.

Following are some latest news on Bitcoin for your reference. For more Bitcoin blogs, please refer to Bitcoin Breakout Imminent https://tradeideablog.blogspot.com/2020/12/bitcoin-breakout-imminent.html and  Bitcoin Is Hot, Here Is All You Need To Know https://www.blogger.com/blog/post/edit/preview/5935202388512489961/5894590197771801508:

1. Barron's interview with Niall Ferguson: 

Nial Ferguson, 56, is one of the world's leading historians, prolific author, and creator of the TV series, The Ascent of Money, which won an International Emmy Award. 

In a new edition of my book, The Ascent of Money, two years ago, I observed that if all the millionaires in the world collectively decided to hold 0.2% of their assets in Bitcoin, the Bitcoin price would be $15,000, which it reached this year. If it was 1%, then the price would be $75,000 per Bitcoin. So, as people adopt this as a new form of asset that has a respectable place in a diversified portfolio, there is still quite a bit of upside. 

2. Paul Tudor Jones 's perspective:

Paul Tudor Jones II ( 66) is an American billionaire hedge fund manager, conservationist and philanthropist. In 1980, he founded his hedge fund, Tudor Investment Corporation, an asset management firm headquartered in Stamford, Connecticut. He was famous in his success in Futures trading and became even more famous after he predicted the crash of 1987 stock market and profited from it.

In May 2020, Paul Tudor Jones wrote that bitcoin was a great inflation hedge and revealed that he put about 2% of his portfolio in the cryptocurrency. Jones later stated that he sees massive upside in bitcoin. Last Thursday during his interview with Yahoo Finance he said "with a market cap of $500 billion, it's the wrong market cap in a world where you've got $90 trillion worth of equity market cap, and God knows how many trillions of fiat currency, etc. So, it's the wrong market cap, for instance, relative to gold, which is $8 or $9 trillion," he added. "Bitcoin reminds me so much of the internet stocks of 1999 because the internet was in its infancy. No one knew how to value it because of the world of possibilities that lay ahead ." Bitcoin's current market cap is approximately $350 billion.

3. CoinDesk article:

 "In a research note produced for clients, seen by CoinDesk, Inigo Fraser-Jenkins, co-head of the portfolio strategy team at Bernstein Research, said the firm had previously ruled out bitcoin as an investment asset back inJanuary of 2018, soon after bitcoin had hit its all-time high close to $20,000. But post-pandemic changes to the policy environment, debt levels and diversification options for investors mean the asset manger now has “to admit [bitcoin] does” have  a role in asset allocation, at least over the long term.

4. Microstategy Inc  (MSTR), provider of enterprise analytics software and services worldwide last week purchased 2,574 bitcoins for $50.0 million in cash bringing the business intelligence company's treasury holdings to approximately 40,824 bitcoins. MicroStrategy first bought $250 million in bitcoin (BTC, +0.34%) (BTC) on Aug. 11. followed by an additional $175 million worth of BTC one month later. CEO Michael Saylor said the latest purchase is part of MicroStrategy's treasury reserve policy of eschewing inflation-prone cash for bitcoin. The 55 year-old executive heralds bitcoin as the "most rational" vessel for value storage anywhere in the world.

5. CNBC report :

Mike Novogratz, CEO of investment firm Galaxy Digital, thinks this comeback rally is only just getting started. He sees bitcoin rising to $60,000 by next year. Tom Fitzpatrick, global head of CitiFXTechnicals, said the charts signaled that bitcoin could reach $318,000 by December 2021, in a report meant for Citibank’s institutional clients and obtained by CNBC.

6.  Raoul Pal's Twit:

A former hedge fund manager who retired at 36, Raoul Pal is a co-founder of Real Vision, a financial media company offering in-depth video interviews and research publications from the world's best investors. 

He said after Stanley Druckenmiller purchased bitcoin: "The significance of the worlds greatest and most respected money manager- Stan Druckenmiller saying just now that he is long bitcoin can not be overstated. That has removed every obstacle for any hedge fund or endowment to invest.

比特币最近成为热门商品，原因如下：

 1.比特币可用作金融危机及通胀的对冲

 2.资金经理开始接受它作为一种新的投资资产形式

 3. 它是黄金的强劲对手，资金将从黄金出来进入比特币

 

 4. 比特币在全世界应用范围越来越广

 5.有限的比特币数量和不可补充性使其成为良好的价值存储。

 6.比特币的市值只有3500亿美元左右，还有很大的扩大空间。

 最近，诸如斯坦利·德鲁肯米勒（Stanley Druckenmiller），保罗·都铎·琼斯（Paul Tudor Jones），杰克·多尔西（Jack Dorsey），迈克尔·赛勒（Michael Saylor），墨西哥亿万富翁里卡多·萨利纳斯（Ricardo Salinas）等大投资者都将部分巨额财富投入了比特币。 PayPal拥有超过3亿个帐户，已启动了加密货币包括比特币（Bitcoin)，以太坊（Etherem)，比特币现金(Bitcoin Cash)和精简币(lite Coin) 的交易服务。 Square拥有超过3000万个帐户，其客户可以交易比特币，并且它自己一直在购买比特币。企业软件公司Microstrategy Inc已累积了40824个比特币作为公司库存储备。以上所有最近的发展都引起了人们对比特币的极大兴趣，并将比特币推向了突破20000美元重要心理价位的边缘。

虽然突破$ 20000的水平已是一个高概率事件，但明年它能升到多少却在每个人的脑海中。以下是一些预测：CitiFXTechnicals全球负责人汤姆·菲茨帕特里克（Tom Fitzpatrick），318000美元，投资公司Galaxy Digital首席执行官迈克·诺沃格拉茨（Mike Novogratz），60000美元，Fundstrat的汤姆·李（Tom Lee），60000美元，以及BTIG策略师表示，比特币应该在2021年底达到50000美元。 

上面所提到的估计是不是太高？不是的。 让我们回顾一下比特币过去的表现：从2016年12月的低点721美元到2017年12月的高点19666美元，一年上涨2600％。从2018年12月22日的3160美元到2019年6月29日的13880美元，半年上涨340％。最近的上涨是从2019年11月30日的6515美元到2020年12月1日的19918美元，一年上涨200％。基于过去的这些大比例变化，比特币在一年内翻一番以上是很容易的事情，尤其是当看涨情绪高涨时。在最近的美国股票市场上投资人无视离谱的高估值而大举涌入大型高科技，电动汽车和居家股票的疯狂行为尚未在比特币中发生。和您打赌，这很快就会发生了。比特币是摩登时代的投资产品，大户和机构现在已开始介入，随之而来的将是散户涌进。虽然散户还不明白比特币是甚么一回事，但它们一旦看到这个投资资产一直在升，“怕错过”的想法就会导致他们一窝蜂的涌入购买而推动比特币疯狂上升。

以下是有关比特币的一些最新新闻，供您参考。有关更多比特币博文，请参阅“比特币突破在即” https://tradeideablog.blogspot.com/2020/12/bitcoin-breakout-imminent.html和“比特币炙手可热，这里有您所需要知道的https:// www. blogger.com/blog/post/edit/preview/5935202388512489961/5894590197771801508

1.巴伦 （Barron）对尼尔·弗格森（Nial Ferguson）的采访： 现年56岁的尼尔·弗格森是世界领先的历史学家之一，是位多产的作家，也是电视连续剧《金钱的上升》的创作者，该电影获得了国际艾美奖。他说：“  两年前，在我的新书《金钱的上升》中，我观察到，如果世界上所有的百万富翁集体决定将其资产的0.2％持有比特币，那么比特币的价格将达到15,000美元。如果是1％，那么每个比特币的价格将为75,000美元。因此，随着人们将它作为一种新的资产形式在多元化的投资组合中占有可观的地位，它仍有很大的上升空间。”

 2. 保罗·都铎·琼斯Paul Tudor Jones的观点： 保罗·都铎·琼斯二世（66岁）是美国亿万富翁对冲基金经理，保护主义者和慈善家。 1980年，他创立了对冲基金Tudor Investment Corporation，这是一家资产管理公司，总部位于康涅狄格州斯坦福德。他以在期货交易中的成功而闻名，并在他预测1987年股市崩盘并从中获利后变得更加著名。 2020年5月，保罗·都铎·琼斯（Paul Tudor Jones）写道比特币是一个很好的通胀对冲工具，并透露他将自己投资组合的2％投入了该加密货币。琼斯认为比特币具有巨大的上涨空间。上周四，在接受Yahoo Finance采访时，他说：“市值达到5000亿美元是一个错误的市值。这个世界拥有90万亿美元的股票市值，而上帝才知道多少万亿法定货币，因此，这是错误的市值，例如相对于黄金的8或9万亿美元。” “比特币让我想起了1999年的很多互联网股票，因为互联网还处于起步阶段。由于存在着无限的可能性，因此没人知道如何对其进行估值。” 比特币目前的市值约为3500亿美元。

 3. CoinDesk文章： “在为客户制作的研究报告中，Bernstein Research投资组合战略团队的联合负责人Inigo Fraser-Jenkins表示，随着比特币曾创下接近20,000美元的历史新高后，该公司曾在2018年1月排除比特币作为投资资产，但Covid-19大流行后政策环境，债务水平和投资者多样化选择的变化意味着资产管理人现在必须“承认[比特币]确实”在资产配置中发挥作用。

 4.全球企业分析软件和服务提供商Microstategy Inc（MSTR）上周以5,000万美元的现金购买了2,574枚比特币，使该商业情报公司的库存资产增至约40,824枚比特币。 MicroStrategy于8月11日首次购买了2.5亿美元的比特币，一个月后又购买了价值1.75亿美元的比特币。首席执行官迈克尔·赛勒（Michael Saylor）表示，此次最新购买是MicroStrategy的国库储备政策的一部分，该政策避免使用容易产生通货膨胀的现金来购买比特币。这位现年55岁的高管将比特币视为全球任何地方进行价值存储的“最合理”的工具。

 5. CNBC报告： 投资公司银河数码（Galaxy Digital）的首席执行官Mike Novogratz认为，这次的反弹才刚刚开始。他预计到明年比特币将升至60,000美元。 CitiFXTechnicals的全球负责人汤姆·菲茨帕特里克（Tom Fitzpatrick）表示，图表表明，到2021年12月，比特币的价格可能达到31.8万美元。

 6.拉乌尔·帕尔（ Raoul Pal）的推文： Raoul Pal是一名前对冲基金经理，36岁，他是Real Vision的共同创始人。RealVision是一家金融媒体公司，提供来自全球最佳投资者的深入视频采访和研究出版物。 他在斯坦利·德鲁肯米勒（Stanley Druckenmiller）购买比特币后说：“世界上最伟大，最受尊敬的资金经理斯坦·德鲁肯米勒（Stan Druckenmiller）买比特币的举动的重要性不能轻视。因为这消除了所有对冲基金或捐赠基金购买比特币的障碍。

Bitcoin Breakout Imminent 比特币突破在即

After rising nearly 500% in less than two years, Bitcoin is ready to move above $20000 and surge even higher in the near term.  Technical analysis points to $26000 in the near term and analysts targets for next year ranging from $50000 to $318000. This time is different for Bitcoin versus 2017 peak because it is widely being used now and people understand it a lot more than before. The sentiment is very bullish as big money managers, institutions, billionaires and  bitcoin traders have been buying into it and over 330 million retail investors from PayPal and Square's easy to us Apps are ready to pull the triggers to buy and push it even higher. For more detail information and analysis on Bitcoin, please see my previous blog: Bitcoin Is Hot, Here Is All Your Need To Know https://tradeideablog.blogspot.com/2020/11/bitcoin-is-hot-here-is-all-you-need-to.html.

After rising $4000 from November 26 low near $16000 to December 1 high of nearly $20000, Bitcoin has been  consolidating between $18500 and $20000 for the last 3 days and is forming a bullish Cup and Handle pattern in the hourly chart. The good thing is, before last few day's rally, Bitcoin had already corrected down sharply by $3000 from November 25 to November 26 already. It looks ready to assault the $20000 level very soon. Once $20000 is broken, $26000 is the next technical target near term based on Measured Move calculation. It is time to participate before it breaks out. Bitcoin related ETF and stocks are GBTC, RIOT, MARA, PYPL and SQ.

Hourly chart:

Daily chart:

Weekiy chart: 

在不到两年的时间里上涨了近500％之后，比特币已经准备好突破20000美元并在短期内飙升甚至更高。技术分析显示，短期内将会达到26000美元。多位分析师将明年底的目标定在50000美元至318000美元之间。这次比特币与2017年的峰值时相比有所不同，因为现在它已被广泛使用，人们对它的了解比以前更多了。大型资金经理，机构，亿万富翁和比特币交易员都纷纷购买，看涨情绪非常高，并且来自PayPal和Square 简单易用的应用平台超过3.3亿散户投资者也会随时按键购买而助长升势。有关比特币的更多详细信息和分析，请参阅我以前的博文：比特币炙手可热，这里有您所需要知道的https://tradeideablog.blogspot.com/2020/11/bitcoin-is-hot-here-is- all-you-need-to.html。 

 技术上，在从11月26日的低点16000美元上涨至12月1日的近20000美元的高点上涨4000美元之后，比特币在过去三天的时间里在18500美元和20000美元之间盘整，并形成小时图上的看涨的杯状图形。好的是，在最近几天的上涨之前，从11月25日到11月26日，比特币已经下调了3000美元。它看起来似乎很快会上攻20000水平。一旦突破20000，则根据上升继续形态的计算得出下一个近期技术目标是26000。现在是时候参与比特币投资了，突破在即。比特币相关的ETF及股票是GBTC，RIOT， MARA，PYPL及SQ。

小时图：

日线图：

周线图：

Bitcoin Is Hot, Here Is All You Need To Know比特币炙手可热，这里有您所需要知道的

Bitcoin has been around 13 years and has been picking up more branding value each day. If you are willing to look hard enough, these days you can basically spend your Bitcoin anywhere, if not directly with the merchant then through a third party gift card purchaser. While some of these methods are little unconventional, they do help make Bitcoin more useful today and easier to adopt for tomorrow. 

Unlike commodities like gold, silver and oil which can replenish buy producing more when depleted, the supply of Bitcoin is limited to only 21 Million and there are currently 18,544,925 bitcoins in existence. This number changes about every 10 minutes when new blocks are mined. Right now, each new block adds 6.25 bitcoins into circulation. Why do bitcoins have value? Bitcoins have value because they are useful as a form of money and store of value. It will likely grow more valuable as  users, merchants, and startups grow. Bitcoin's value increases as people willing to accept them as payment. The rise of bitcoin is textbook supply and demand. Since supply is fixed and more and more institutional investors and end-users are adopting bitcoin, the price will surged. Bitcoin price surge is more likely now as more and more billionaires, hedge funds, corporation and investors are more willing to buy/ invest in it.  While the Apps from both Square and PayPal make their nearly 400 million accounts worldwide to buy Bitcoin easily also facilitates the Bitcoin price surge.

Technically, Bitcoin is bullish as it rallied strongly back from a sharp sell off from near $19500 to near $16000 last week and has quickly surge back up during the weekend and today to exceed the previous high in early trading. The breaking above its $20000 psychological level looks imminent. It has the potential to start the 2nd leg up of a bullish Continuation Up pattern if it breaks above $20000. This pattern if materialized could put Bitcoins potential target at $26000 rather quickly.  Other analysts are suggesting $50000, $60000, $100000, $318000 by end of next year and $500000 in a decade.

The ways to participate on the growth of Bitcoin in the stock market can be through GBTC, RIOT, MARA, SQ and PYPL.  I am only presenting charts for GBTC and RIOT Below.

Below I have collected latest news and analysis from sources such as CNBC, ZeroHedge, Seeking Alpha, Coindesk, CoinTelegraph, Investopedia...Etc for your references:

1.Guggenheim's Scott Minerd is the latest institutional type to be won over by Bitcoin, with his $5.3B Macro Opportunities Fund now having the green light to invest up to 10% of its assets in the Grayscale Bitcoin Trust (GBTC) . ---Seeking Alpha

2. "We are just getting started," says Grayscale's Michael Sonnenshein, appearing on CNBC this morning. Addressing what some see as excessive speculation in crypto, Sonnenshein says inflows into Grayscale's various crypto vehicles don't indicate unhealthy investor fervor. ---Seeking Alpha

3. Tyler Winklevoss, the co-founder of the cryptocurrency exchange Gemini, who is bullish at Bitcoin for a long time, said on the "Squawk Box" that he has not bought more Bitcoin, but he thinks there is still a lot of room for growth. "Our argument is that Bitcoin is Gold 2.0, and it will be a big blow to gold. If this result is to be achieved, its market value must reach 9 trillion US dollars. Therefore, we think that the price of Bitcoin may be reached 500,000 US dollars in a decade, and the current price of Bitcoin is only 18,000 US dollars, so you should continue to hold it, or if you have not bought it, this is an opportunity to buy, because we think the future growth is 25 times." Winklevoss said. --- CNBC

4. BTIG strategists say cryptocurrency has come of age, and bitcoin should reach $50000 by the end of 2021. ---CNBC

5. Payments giant PayPal (PYPL) will allow its users to buy bitcoin and other cryptocurrencies.

6. In its updated policy, the Virginia-based business intelligence company Microstrategy declared that it would treat Bitcoin as the primary treasury reserve asset on an ongoing basis. MicroStrategy committed to investing up to $250 million in Bitcoin and gold.  MicroStrategy CEO Michael J. Saylor  remarked that the cryptocurrency “is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.”

7. Square's Cash App allows user to buy bitcoin very easily even a fractional purchase.  Square announced on October 8 that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million.

8. Mexican billionaire Ricardo Salinas-whose Grupo Salinas has interests in telecommunications, media, financial services, and retail-says he has 10% of his liquid net worth invested in Bitcoin (BTC-USD). He also recommends Safiedean Ammous's The Bitcoin Standard to his followers.

9. Big investors such as Stanley Druckenmiller, Paul Tudor Jones, Jack Dorsey, Michael Saylor, among others have all put a portion of their vast wealth in Bitcoin.

10. The chief decision maker for where BlackRock, the world’s largest asset manager, invests its funds said bitcoin could take the place of gold to a large extent because crypto is “so much more functional than passing a bar of gold around.”  BlackRock CIO of fixed income Rick Reider discussed Bitcoin on CNBC, billionaire investor Mike Novogratz said BTC is now an institutional asset. Reider said that Bitcoin is here to stay and that it has the potential to evolve. He suggested that millennials favor BTC and that the strengthening reality of digital currencies becoming mainstream payment options were both major positive factors for BTC. 

11. As reported by Coindesk, "filings for the first half of this year show Charles Schwab Investment Management, Inc. purchased 22,977 Riot shares for $52,000. Two Vanguard funds – the Vanguard Index Fund and Vanguard Valley Forge Index Fund – were invested in 954,229 Riot shares worth $2,118,000, and two Fidelity funds were separately invested in 176,242 Riot shares worth $230,115 (split between a NASDAQ index and three market indices) and 2,769,759 HIVE shares worth $1,003,163. Riot Blockchain, based in the U.S., and HIVE Blockchain Technologies, based in Canada, provide services for mining bitcoin, a process where new cryptocurrency is minted."

12. A recent Bitcoin (BTC) technical analysis reportedly prepared by CitiFX for its institutional clients points to a potential high of $318,000 sometime in December 2021.While conceding that this figure may seem highly improbable, he points out that this “would only be a low to high rally of 102 times. We are at a point where the arguments in favour of Bitcoin could well be at their most persuasive ever." Citibank managing director Tom Fitzpatrick points out the three major bullish periods of BTC so far have been increasing in length. Initially, there was a 10-month run from 2010–2011, followed by a two-year run from 2011–2013, and finally a three-year run covering 2015 --2017. Fitzpatrick posits that the period of correction following the last two bull runs has remained stable at around 12 months. This, according to the analysis, places us squarely in the middle of a bull run which started in early 2019 and is potentially set to run for four years until late 2022.

13. Hot stock and Bitcoin analyst Thomas Lee of Fundstrat think Bitcoin will triple by next year, that is about $60000.

比特币已经存在大约13年了，并且每天都在增加品牌价值。如果您愿意足够努力来看，现在您基本上可以在任何地方花费您的比特币，如果不直接与商人联系，则可以通过第三方礼品卡购买者。尽管这些方法中的一些方法并非非常规，但它们确实有助于使比特币在今天更加有用，并在明天更容易被采用。

不同于黄金，白银和石油等商品可以在枯竭时增加生产来补充，比特币的供应仅限于2100万，目前存在18,544,925个比特币。开采新区块时，此数字大约每10分钟更改一次。现在，每个新区块都会增加6.25比特币的流通量。为什么比特币具有价值？比特币之所以具有价值，是因为它们作为一种货币和价值存储方式很有用。随着用户，商家和这行业初创企业的增长，它可能会变得越来越有价值。比特币的价值随着人们愿意接受用其付款而增加。比特币的兴起是教科书式的供求关系。由于供应是固定的，并且越来越多的机构投资者和最终用户采用比特币，价格将继续飙升。随着越来越多的亿万富翁，对冲基金，企业和投资者越来越愿意购买/投资比特币，比特币价格现在更有上涨的可能。另外，来自Square和PayPal的应用程序在全球范围内拥有近4亿账户可轻易购买比特币，也将促进比特币价格的飙升。

从技术上讲，比特币是看涨的，因为它从上周的近19500美元的大幅抛售到16000美元附近后强劲回升，并且在周末和今天迅速回升，今天早些时曾超过了先前的高点并即将突破其20000美元的心理水平。如果它突破20000美元，它有可能会开始看涨的上升继续（Continuation Up）形态的第二波上升。如果这一形态能够实现 ，则比特币的潜在目标很快就会达到26000美元。其他分析师对比特币将来的目标价建议是明年到达$ 50000，$60000,$ 100000 和$ 318000和10年达到$ 500000。

您可以在股票市场上通过GBTC，RIOT，MARA，SQ和PYPL参与比特币的增长。我在下面仅介绍GBTC和RIOT的图表。

下面，我从CNBC，ZeroHedge，Seeking Alpha，Coindesk，CoinTelegraph，Investopedia ... Et等来源收集了最新的比特币新闻和分析，以供您参考：

1.古根海姆（Guggenheim）的斯科特·米纳德（Scott Minerd）正准备加入比特币投资，他的$ 5.3B宏观机会基金现在已获准将其多达10％的资产投资于Grayscale比特币信托基金（GBTC）。 ---寻求阿尔法

2.“我们才刚刚起步，” Grayscale比特币信托基金的Michael Sonnenshein说，他今天早上出现在CNBC上。针对一些人认为加密货币过度投机的问题，Sonnenshein说，流入Grayscale的各种加密货币工具并不显示不健康的投资者热情。 ---寻求阿尔法

3.加密货币交易所Gemini的共同创始人，长期以来看好比特币的Tyler Winklevoss在“ Squawk Box”上说，他一直没有购买更多的比特币，但他认为仍有很大的上涨空间。 “我们的论点是，比特币是黄金2.0，它将对黄金有很大打击。如果要达到这个结果，它的市值必须达到9万亿美元。因此，我们认为10年内比特币的价格可能会到50万美元，而现在比特币的价格只为18,000美元，所以应该继续持有，或者在您没有买的话，这是一个购买的机会，因为我们认为将来的成长是25倍。” Winklevoss说。 --- CNBC

4. BTIG策略师表示，加密货币已经成熟，比特币到2021年底应能达到$50000. ---CNBC

5.支付巨头PayPal （PYPL）将允许其用户购买比特币和其他加密货币。

6.总部位于弗吉尼亚州的商业情报公司Microstrategy在其最新政策中宣布，将持续将比特币视为主要的库存储备资产。 MicroStrategy承诺在比特币和黄金上投资高达2.5亿美元。 MicroStrategy首席执行官Michael J. Saylor表示，该加密货币“是可靠的价值存储和具有吸引力的投资资产，比持有现金具有更大的长期升值潜力。”

7. Square （SQ）的Cash App允许用户非常轻易地购买比特币，即使是少量购买。Square在10月8日宣布已以总购买价5,000万美元的购买了约4,709枚比特币。

8.对电信，媒体，金融服务和零售感兴趣的墨西哥亿万富翁里卡多·萨利纳斯（Ricardo Salinas）-将其流动资产的10％投资于比特币（BTC-USD）。他还向追随者推荐Safiedean Ammous的“比特币标准”。

9. Stanley Druckenmiller，Paul Tudor Jones，Jack Dorsey，Michael Saylor等大投资家都将其巨大财富的一部分投入了比特币。

10.全球最大资产管理公司贝莱德（BlackRock）投资基金的首席决策者表示，比特币在很大程度上可以取代黄金，因为加密货币“比传递金条的功能要强大得多”。亿万富翁投资者迈克·诺沃格拉茨（Mike Novogratz）表示，固定收益贝莱德（BlackRock）CIO Rick Reider在CNBC上讨论了比特币。 Reider表示，比特币将继续存在，并且有发展的潜力。他建议千禧一代青睐BTC，数字货币日益成为主流支付方式的现实是BTC的主要正面因素。

11.根据Coindesk的报告，“今年上半年的备案显示Charles Schwab Investment Management，Inc.以52,000美元的价格购买了22,977股Riot股份。Vanguard指数基金和Vanguard Valley Forge指数基金这两个Vanguard基金投资了954,229 Riot股票价值为2118,000美元，两个富达基金分别投资了176,242 Riot股票，价值230,115美元（在纳斯达克指数和三个市场指数之间平分）和2,769,759股HIVE股票，价值1,003,163美元。美国Riot Blockchain和HIVE Blockchain Technologies在加拿大，为开采比特币提供服务，这是铸造新的加密货币的过程。”

12.据报道，CitiFX为机构客户准备的最新比特币（BTC）技术分析显示，2021年12月某个时候可能达到318,000美元的高位。尽管他承认这一数字似乎不太可能，但他指出，“这只是从低位增长102倍。现在支持比特币的论点​​很可能是有史以来最具说服力的。”到目前为止，BTC的牛市长度一直在增加，最初是从2010-2011年开始，为期10个月，然后从2011-2013年开始，为期两年，最后是2015年-2017年，为三年。分析显示，最近两次牛市之后的修正期一直稳定在12个月左右。这使我们完全处于牛市中期，牛市于2019年初开始，可能会持续四年直到2022年下半年。

13. 当红股票和比特币分析师， Fundstrat 的Thomas Lee认为到明年比特币将是现在的3倍，即$60000.

These Investment Axioms Fit Today's Market Environment 这些投资格言符合当今的市场环境

1.  “Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria"---John Templeton

My interpretation: With the S&P 500 surged 66% since march low, PE at 23 vs historical average of 15, CNN Fear and Greed index at the extreme greed level of 92 and the National Associate of Investment Managers is carrying above 100% exposure to stock, these statistics certainly put us at the euphoria stage of a bull market.  This kind of extreme market level is hard to sustain as the rule is market returns to the mean over time. Excess are never permanent and excess leads to opposite excess.

2. "When all experts agree, something else tends to happen" ---Bob Farrell

My interpretation: Most market analysts are now expecting the arrival of Covid-19 vaccines will fix everything and push the stock market even higher, now is the time for us to worry for something bad to happen.

3. "Price is what you pay. Value is what you get" ---Warren Buffet.

My interpretation: When you buy a stock such as NIO with no PE and, Price to Sales of 38, Price to Book at 53 and stock price has risen 2095% in the past year, you are paying a very dear price hoping that things will go perfectly smooth in the future. When the current stock price already reflecte d developments that can only be achieved many years later, you are definitely not getting a good deal.   No, I am not forgetting to mention TSLA with Forward PE at 150, Price to Sales of 19, Price to Book at 34 and stock price has risen 784% in the past year. Other EV stocks are also in the same over stretched situation. Paying at high price for a stock when sentiment is euphoric  means investment return will likely be lower in the future as sentiment return to normal. FOMO (fear of missing out) to buy a stock is dangerous.

4. "Be Mindful of Experts and Forecasts"---Bob Farrell

My interpretation: When most market experts are saying sell, sell, sell—or buy, buy, buy— everyone has sold or bought,  there's nothing left to sell or buy. By the time you jump in, the opposite will likely  happen. Analysts and economists have to predict because that's their job. However, no body can predict what happen in a year's time. When somebody tells you what will happen in the market or stock one year ahead, don't believe it. Believing is admitting that future can be known ahead of time. Through out time, an analyst become hot and get popular because he predicted something right, but his/her accuracy won't last for long. Some time later, another analyst will become hot and and take the place of  the previous hot one. 

5. "Public Buys Most at the Top and Least at the Bottom" ---Bob Farrell

Interpretation by Barklay Palmer from Investopedia: The typical investor reads the latest news on his mobile phone, watches market programs, and believes what he's told. Unfortunately, by the time the financial press gets around to reporting a given price move, that move is already complete and a reversion is usually in progress. This is precisely the moment when John Q decides to buy at the top or sell at the bottom. The need to be a contrarian is underlined by this rule. Independent thinking always outperforms the herd mentality.

1.“牛市生于悲观，因怀疑而成长，因乐观而成熟，并因欣喜而死亡”-约翰·邓普顿 （John Templeton)

我的解读：自3月低点以来，标准普尔500指数已飙升66％，市盈率上升至23而历史平均水平则只是15，CNN恐惧与贪婪指数处于92的极度贪婪水平，国家投资经理人协会成员的股票投入率超过100％ ，这些统计数据无疑使我们进入了牛市的极度欣喜阶段。这种极端的市场水平很难维持，因为市场规律是随着时间的推移市场将回归到平均水平。过度永远不会永久存在，而过度却会导致相反的过度。

2.“当所有专家意见都一致时，其他事情就会发生” ---鲍勃·法瑞尔 （Bob Farrell）

我的解读：大多数市场分析师现在都认为Covid-19疫苗的到来能够解决所有问题并推动股票市场继续走高，现在是我们担心坏事快将到来的时候了。

3.“价格就是您所付出的，价值就是您所获得的”-沃伦·巴菲特（ Warren Buffet)

我的解读：当您购买NIO之类没有PE，38的价格对销售比率，53的价格对帐面价值，并且在过去一年中股价已上涨了2095％的股票时，您付出了非常高的价格，希望将来公司会发展完美的事事顺利。当现在的股价已反映了多年后才达到的发展时，您肯定不会得到好的回报。不，我不会忘记提及TSLA，其前瞻PE为150，价格对销售比率为19，价格对帐面价值为34，股价在过去一年中上已涨了784％。其他电动汽车股也处于过度高涨状态。当市场情绪高涨时，以高价买入股票意味着随着市场情绪恢复正常，未来的投资回报不会很高。因为 FOMO（怕错过）而买股票是危险的。

4.“不要过分相信专家和预测” ---鲍勃·法瑞尔 （Bob Farrell）

我的解释：当大多数市场专家都说卖或买时，每个人都卖或买了。当您跳入时，可能会发生相反的情况。分析师和经济学家必须做出预测，因为那是他们的工作。但是，没有人能预测一年后会发生什么。当有人告诉您未来一年市场或股票会发生什么时，请不要相信。相信就是承认未来是可以提前知道的（没可能的事情）。市场上经常发生的事情是是一位分析师会因为预测正确而变得炙手可热，并因此受到欢迎，但他/她的准确性不会持续很长时间。一段时间后，另一位分析师将变得炙手可热，并取代之前的分析师。

5.“公众在顶部买入最多，在底部买入最少” ---鲍勃·法瑞尔 （Bob Farrell）

Investopedia的Barklay Palmer的解读：典型的投资者在他的手机上阅读最新消息，观看市场节目，并相信他所告诉的内容。不幸的是，等到金融媒体报道给价格变动时，该变动已经完成，并且反转已在进行中。这正是某散户决定在顶部买入或在底部卖出的时刻。这时就需要成为逆势者。独立思考总是比盲目跟随强。