Bitcoin Magazine-NL, under the title of ‘the Bitcoin News Special’ on a regular basis (national and international experts will speak about their vision for bitcoin (BTC) as a long-term investment and not a currency.
In the episode, one of which was a discussion with Mati Greenspan, senior market analyst at forex broker eToro. Greenspan is regarded as an opiniemaker to Cryptotwitter, and most recently was a speaker at the Next Web event in Amsterdam, the netherlands. eToro of Israel, with eleven million registered accounts, is one of the largest brokers in the world. This year has been the broker for the Us market is going to go into.
Contents
How does your average day look like at eToro?
“I am the chief market analyst at eToro, a global forex broker with more than a thousand of its markets. We offer a cryptovaluta, as well as stocks, commodities, and forex. As a senior analyst, analyse the markets, and I make the trends in the chart. Internal control I the departments such as customer service, and marketing information.
In addition, I send out a daily newsletter to our customers with the latest news in a given market. Finally, I, on behalf of eToro, one of the spokespersons in the media, like this interview, in fact. So, I will be speaking regularly on Bloomberg, CNBC and Reuters.”
The negative spaarrentes have been in the news. How you can see the position of the gold and Bitcoin in the financial markets?
“At the moment, I have two assets in my portfolio. Last night (Thursday night, ed.). I have my positions in gold once again increase, based on the technical analysis. This is, for me, is very bullish.”
“The trend is, indeed, a financial market with negative interest rates. Thus, several central banks to do so, and we see the same pattern in the bond market. We expect that this trend will only become more prominent, and it also has real-world consequences.”
“Each of the company, or any person who has a lot of money is going to the ‘account’ to see it. They pay their money to park. As a consequence of this is that people are (some of) their money, are no longer or at a bank, leave it alone. The result of this is that the creditors do not have more as soon as possible to pay for them.”
“For those who have wealth and riches, this is a dangerous time. They are going to be on the lookout for something that is a store of value feature. Gold has been in this property for thousands of years. We will be going to diversification’.
Bitcoin is seen by some people as “digital gold” with the same properties as the physical gold.
“Yes, yes, I do believe in the analogy is that Bitcoin is the digital gold that it is. It has a lot of the same characteristics: it is a scarce resource, and it is ‘free’ of the financial system. As a news commentator on Bloomberg (Joe Weisenthal, ed.). called Bitcoin a digital or alcohol.”
“Due to the fruit to ferment into wine or any other beverage, put your electricity into something that has a lot of value. I can’t see any investment in Bitcoin is still a high risk asset. I would, however, take part in it. Investment in a high-risk payments may also be extra from it.”
“I think it’s stupid if you’re a portfolio manager, ” the bitcoin-to-have. The exposure you choose, it can vary from 0.5% up to 10% or 15%”.
“We saw that last week at the futuresplatform Bakkt, there was a significant growth. If we look at the contracts that can actually be physically settled, that the half of the whole that is to one day be released. That is, however, a large number of them.”
“It’s day to Bakkt, however, is still subject to the $5 million to a Wall Street traders to still change. The contracts of the CME group, tend to be more impressive. However, this is a signal that whenever there is volatility in the market, then you can benefit Bakkt of it.
“The more products are, in my view, is a sign that the market is maturing. It’s not a make-it-or-break-it product is that Bitcoin is supposed to. There are a lot of different ways to make it to the market.”
“The more ways there are to get Bitcoin is to trade it, the better it will be for the cash. In my view, these products will contribute to the stability of the atmosphere.”
The former CFTC chairman, explains the connection between the launch of bitcoin contracts, and the price correction by the end of 2017.
“The question is whether or not the dip, caused by, or in the absence of this option, especially for the bubble to have taken care of. Or is it just a random confluence of circumstances, it has to be? I don’t think that it is very easy to answer.”
Since 2013 you can go to eToro’s already short compared to the bitcoin space. The option was, however, a few more, even though for the dump. There were, at that moment, several things on the market.”
We’re a few months removed from the Bitcoin blockreward halving. What are your expectations of it?
“I’m going to go in with a ‘0’ is expected. I don’t have any idea of what can be done. It could be that due to the dwindling new supply, there are more buyers come in. I do not in any case, the impact of this event will be in the market “priced in” is.”
If you are already familiar with the stock-to-flow model, of PlanB?
“Yes, yes, Bitcoin was, indeed, a scarce resource, which is one of the principles in this asset and are an integral part of the code. What is the model of PlanB would like to add is that there are more bitcoins are lost.
In addition, there are already a lot of coins stuck in the so-called ‘hodl’wallets. That bitcoin will not go for it at any price and want to sell it. I believe that it is the supply that we’re looking at, so a lot less than you think.”
“My guess is that there are only 5 million coins to the market daily, to actually can be traded. Because of this, it is this asset still is also very susceptible to volatility.”
“People are trying to be just like the stock market, the price-to-predict, on the basis of historical data. They are trying to find out what month or what day of the week for the best performance. For me, these are all secondary issues. I think it’s going to be the long-term.”
If you are interested in, and the Lightning Network.
“I have been following the developments, but I’m not optimistic about it. I really appreciate all of the initiatives (such as the Lightning Series, which is also able to receive and transmit). However, I’ve been using Lightning as a very rough experience. The manner in which you have invoices to send, I found to be rather difficult. They were fast, so I am getting a new bill was to create a very, very dark.”
“The fact is that BTC needs to lock a node, and therefore the liquidity is lower, I like not have to. If there is not enough Bitcoin in the node, then you have no right to make payments. It is a good idea to have a cheap and fast payment. I think that they are the first business in the area of liquidity, the ease-of-use, and billing, to solve it.”
Do you expect that we will, in the future, en masse, with Bitcoin going to pay?
“I see it as a possibility, but I don’t know if it’s likely. So far, we don’t have hyperinflation, and it is still unnecessary. But we have to prepare for every scenario.”
“We have seen a lot of change, and I’m bullish on the industry as a whole. Just as in China, which is now open for the blockchaintechnologie”.
“I’ve got about 8% of my portfolio in crypto, and half of that is Bitcoin. What’s more, I was still in the process of changing over to a price in the future. You can find my portfolio, however, is on eToro because it is transparent and open to review.”
Listen to the interview!
Here you can listen to the interview on our Youtube channel.
Thank you for signing up!