Takeover by „secret world power“? – BlackRock plans to invest in Bitcoin

The notorious asset management company is applying to be allowed to invest in Bitcoin futures.

The world’s largest and most influential asset management company BlackRock, which is also known as a “ secret world power ”, is planning investments in Corona Millionaire, more precisely in derivatives of the cryptocurrency. This emerges from two applications that were filed with the US Securities and Exchange Commission.

The two applications called „BlackRock Funds V“ and „BlackRock Global Allcoation Fund, Inc.“ were on Wednesday on the official website of the SEC published . In both letters, BlackRock cites a wide variety of derivatives that asset management intends to use as investment products for the investment funds applied for, whereby Bitcoin is explicitly mentioned several times.

So it says:

“Each of the mutual funds is intended to use instruments known as derivatives. These are financial products that derive their value from stocks, commodities (such as gold or oil), currencies (including Bitcoin), bonds or indices (i.e. financial products that serve as a yardstick for specific performance such as the S&P 500). “

However, BlackRock also uses the market-leading cryptocurrency as an example to explain the risk factors of derivatives. With Bitcoin this would be an impending lack of liquidity:

„Investing in Bitcoin futures carries the risk of insufficient liquidity, because Bitcoin futures are not traded as heavily as other futures because the market for Bitcoin futures is still relatively young.“

The management level of the „secret world power“ has already made positive comments about Bitcoin in the past few months. In November, CIO Rick Rieder said that Bitcoin had the potential to “take over large market shares from gold”.

BlackRock CEO Larry Fink added that Bitcoin has piqued his interest and could potentially become a globally recognized financial product

As Cointelegraph reported last month , BlackRock also plans to hire a new vice president for the blockchain area, which specializes in cryptocurrencies. This is to implement a strategy that “drives demand for the company’s investment products”.

The large asset management is also notorious in Germany, because the CDU politician and possible candidate for Chancellor Friedrich Merz was in a leading position at the German branch of BlackRock. The company is a shareholder in many important companies, so connections always controversial in politics discussed be. It remains to be seen whether Bitcoin is threatened with such a „takeover“.

What is a smart contract?

Smart contracts: What actually is a smart contract?

Smart contracts are a key cornerstone of decentralised finance (DeFi). But how do smart contracts actually work?

This article is taken from the Academy of BTC-ECHO. There you will find exciting background information as well as Bitcoin Trader interesting introductory courses on Bitcoin, Blockchain and Co.

A smart contract is an algorithm that provides for decentralised execution of „contracts“. A traditional contract away from blockchain technologies consists of an agreement made between several people. Typically, the contract ensures that both parties can insist on their claims and present the contract as evidence in the event of a dispute to justify certain claims and rights. A classic contract is the tenancy agreement, which in simple terms consists of two elements:

The tenant transfers the rent to the landlord
The landlord leaves the flat to the tenant

Thus, contracts often consist of sequences in „if-then“ form. When the tenant pays his rent (for the first time), he receives the key for the flat. This process can be simplified through smart contracts, as the sequence can be automated.

Smart contract applications

A smart contract is nothing more than a sequence of activities that are executed when a certain event occurs. This can range from a rental contract to complex financial transactions. What is the difference between smart contracts and traditional contracts?

Third parties are eliminated

The decisive factor is that smart contracts generally do not involve third parties. No notary is required to conclude a smart contract, as would be the case, for example, with the transfer of real estate with conventional contracts. Instead, the smart contract is executed by the nodes in the network.
Activities are executed automatically
The if-then structures ensure that as soon as the event occurs, the subsequent activity is executed. If person A and person B enter into a smart contract and A fulfils its condition, then the network automatically executes the necessary action that follows. It is not necessary for B to be active or a third party to be informed at that time. Instead, the nodes can check the status themselves at any time.
All participants are informed about status changes
The decentralised structure requires that the individual nodes process consistent information. This means that all nodes know about status changes when an event occurs.

How is a smart contract executed?

There are different types of smart contracts. The best-known platform is Ethereum. There, smart contracts themselves are treated like an account that acts autonomously. There are no single individuals who have access to this account. Instead, the actions to be performed are carried out in the network. In simplified terms, this account can be thought of as a set of instructions (programme code) that are executed. These include performing computation, storing information and sending transactions to other accounts.

Although the smart contracts are written by humans and stored on the blockchain, afterwards the execution is the sole responsibility of the network and the user no longer has the possibility to make changes. This means that errors can still occur due to incorrect programming.

How reliable are smart contracts?

It is important to differentiate between the virtual execution of the contract and its significance in the real world. After all, only the actions to be executed are stored on the blockchain. This does not mean that they are valid in the real world. From a purely technical point of view, it can be executed correctly, but it cannot automatically serve as evidence in court to prove a certain claim.

DASH bricht aus, hat aber Probleme

DASH bricht aus, hat aber Probleme, die Rallye zu halten

  • DASH ist aus einer langfristigen absteigenden Widerstandslinie ausgebrochen.
  • Unterstützung gibt es bei $85,5.
  • DASH befindet sich wahrscheinlich in der Unterwelle 3 der Welle 3.
    promo

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Das Trust Project ist ein internationales Konsortium von Nachrichtenorganisationen, das Standards für Transparenz entwickelt.

Der DASH-Preis ist aus einem langfristigen Widerstandsbereich ausgebrochen, hat es aber nicht geschafft, eine signifikante Aufwärtsbewegung zu initiieren.

Obwohl DASH an einem wichtigen Unterstützungsbereich abgeprallt ist, hat er noch keinen Aufwärtstrend bestätigt.

Langfristiger Ausbruch

DASH folgte seit Juni 2018, als es bei 225 $ gehandelt wurde, einer absteigenden Widerstandslinie.

Nach vier erfolglosen Ausbruchsversuchen bewegte sich DASH schließlich Anfang Nov. 2020 über diese Linie und ist derzeit dabei, sie als Unterstützung zu bestätigen.

Die technischen Indikatoren sind relativ zinsbullisch laut Bitcoin System, auch wenn der MACD etwas an Stärke verloren zu haben scheint.

Sollte sich DASH weiter nach oben bewegen, lägen die nächsten Widerstandsbereiche bei $135 bzw. $175.

Der Kryptowährungshändler @Mesawine1 hat ein DASH-Chart skizziert, in dem er feststellt, dass DASH aus einer absteigenden Widerstandslinie ausgebrochen ist und sie anschließend als Unterstützung bestätigt hat.

Die Linie deckt sich mit der, die wir skizziert haben, und DASH ist tatsächlich ausgebrochen.

Immer noch auf einen Aufwärtstrend wartend

Der Tages-Chart zeigt den ersten Unterstützungsbereich bei 85,5 $, dem 0,618 Fib-Retracement-Level der gesamten Aufwärtsbewegung. DASH ist bereits dreimal an diesem Unterstützungsbereich abgeprallt, zuletzt am 4. Januar.

Während der Abprall hier möglicherweise darauf hindeutet, dass die Korrektur abgeschlossen ist, sind die technischen Indikatoren noch nicht zinsbullisch. Im Gegenteil, der Stochastic Oscillator hat ein bärisches Cross gebildet, und der RSI liegt unter 50.

Solange DASH nicht aus der kurzfristigen absteigenden Widerstandslinie ausbricht und/oder den Bereich von 98 $ zurückerobert, können wir den Trend nicht als zinsbullisch betrachten.

Nichtsdestotrotz sind die Indikatoren auf dem unteren zweistündlichen Zeitfenster, im Gegensatz zum täglichen Zeitfenster, zinsbullisch.

Die Wellenzählung deutet darauf hin, dass sich DASH in einer langfristigen Welle 3 befindet, die mit dem März-Tief begann (im Bild unten in weiß dargestellt).

Ein wahrscheinliches Ziel für die Spitze der Bewegung liegt zwischen 173 $ und 177 $, das anhand der Fib-Erweiterung von Welle 1 (weiß) und dem externen Fib-Retracement von Welle 2 (schwarz) ermittelt wurde.

Darüber hinaus deckt sich dieses Ziel mit dem langfristigen Widerstandsbereich, der im ersten Abschnitt skizziert wurde, was es zu einem wahrscheinlichen Ziel für die Spitze macht.

Ein Rückgang unter das Tief der Welle 2 bei 62,4 $ würde diese spezielle Wellenzählung ungültig machen.