Bitcoin exceeds the market cap of Visa at $460 billion as the price reaches a new all-time high of $26,000.
Bitcoin is essentially a peer-to-peer software protocol while Visa is a for-profit corporation. Some may argue that a direct comparison between the two is not apt as they are fundamentally different.
But Bitcoin surpassing the valuation of Visa is symbolic above all else and the current market cap of Bitcoin would theoretically make it the thirteenth-largest company in the world. paying bitcoin investment sites
Meanwhile, throughout 2020, the institutional interest in Bitcoin has been surging. At a point where the institutional demand for Bitcoin continues to increase exponentially, the surpassing of Visa’s market cap could further boost the confidence around Bitcoin among institutions.
More institutions and accredited investors have been gaining exposure to Bitcoin through Grayscale and the CME Bitcoin futures market. The assets under management of Grayscale is nearing $17 billion, as the open interest of the CME Bitcoin futures market consistently remains above $1 billion.
Visa has also shown more enthusiasm toward crypto in recent months, following Square and PayPal’s support for Bitcoin. bitcoin investment hyip
With crypto mining gaining momentum, here’s the newest products coming out in 2021 and what Bitcoin miners should look to buy.
At the beginning of this unusual and sometimes difficult year, the cryptocurrency world reminisced about the crypto mining boom and whether it was now over. But soon, the fears were washed away as large companies registered on Nasdaq expressed clear interest in mining Bitcoin (BTC) for additional earnings.
When it comes to Bitcoin mining, ASIC miners are the main choice for hardware. An ASIC, or application-specific integrated circuit, is a ready-made device that is easy to set up and program. When mining Ether and Ethereum-based tokens, things start to get more interesting, since they require putting together a rig that consists of a motherboard, GPU cards and several other components.
Next year, Bitmain will continue to delight users with series 19 ASIC miners. According to the manufacturer, new solutions will be implemented that help increase the efficiency of mining.
Another Chinese manufacturer, Canaan Creative, introduced a new model of the miner AvalonMiner 1246 in September, which claims to have 30% better efficiency than the previous model. According to the producer, AvalonMiner 1246 could reach 90 terahashes per second, while A11 series process at an average of 60–68 Th/s. Multiply Bitcoin
If GPUs are the preferred method for mining, a good motherboard is an absolute must. The main feature in this case is the number of slots GPU cards can be installed into.
Given what’s already available in the mining motherboard market, with the likes of MSI H310-F PRO, which has 13 GPU card slots, or the Asus B250 Mining Expert with 19 slots, miners should not expect to receive any special presents from manufacturers in 2021.
Bitcoin whale clusters pinpoint key support level for the rally to continue
Bitcoin whale clusters show $26,409 as a key support area, which means the ongoing rally has a strong floor.
Bitcoin (BTC) whale clusters show that the $26,409 level has become an area of focus for large traders. This indicates that the ongoing bull run is buoyed by whales continuing to accumulate above $26,000.
Whale clusters form when whales purchase Bitcoin and do not move their BTC holdings from the price of purchase. Clusters are useful in determining Bitcoin’s support levels, especially when the market moves rapidly.
It is important for Bitcoin to establish solid support areas during a bull run due to the risk of sudden corrections. If whale clusters are present at high price levels, like $26,409, then whales are likely to bid slightly higher and sustain Bitcoin’s momentum. how to earn bitcoins in south africa
Traders generally believe Bitcoin could rise to two levels: $40,000 and $46,000. The latter has become a popular near-term prediction because the options market indicates a high probability of $46,000 being hit in the upcoming months. Of course, the former is a key psychological level.