Born out of a crisis, Bitcoin is perfectly adapted to the current situation

Born out of a crisis, Bitcoin is perfectly adapted to the current situation

     The institutional investor PlanB is a formal investor, there is no reason to be depressed about the health of Bitcoin in the midst of this crisis.

     In his recent interview with Anthony Pompliano, the investor who has a degree in Economics in Quantitative Finance and Financial Markets Law shared some key reasons why the BTC is suited to the crisis we are currently experiencing and is expected to appreciate - not depreciate - over time.

Is Bitcoin a good investment?

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     Among other things, he discussed the Bitcoin network effects, the strengthening of "cointegration", etc. Read on instead.

     Bitcoin is like the Internet. It will survive any crisis.
What will be the fate of Bitcoin in the economic downturn that has just begun with general containment?

     PlanB answers that digital assets were created in the midst of the 2008 global financial crisis and add that even if "we haven't had crises to test it", Bitcoin is fit for the current situation.

     Drawing inspiration from the underlying workings of the Internet, the investor asserts that "Bitcoin is very decentralized, a bit like the Internet," recalling in passing that "the Internet was conceived as a communication protocol that continued to function even during the great wars...".

     By analogy, he concludes, even when there is a "big crisis or nuclear war, Bitcoin would continue to relay transactions" because there are "hundreds and thousands of nodes and thousands of relay nodes around the world.


     For the rest of the interview, the institutional investor refers to the fundamentals of the BTC to support his point of view on the future of the BTC.

     Cointegration" is getting stronger, the Sharpe ratio of the BTC is greater than 1.


     In justifying the accuracy of the CTS price forecasts based on the stock-to-flow model, PlanB reminds us that it is important to keep in mind that cointegration continues to increase.

     Indeed, he notes, there are no exchanges in almost every country, with markets for derivatives, futures, and options, whereas "in the beginning, it wasn't as easy to get in or out of the cryptographic ecosystem.

     He also points out that Bitcoin has a characteristic that very few - if any - cryptographic assets have: a Sharpe ratio greater than 1.

     Technically, this means that its rate of return is higher than its rate of risk.

     He believes that this is why there are people - HODLers - who really believe in Bitcoin no matter what happens, who cares about it, and who keep the cryptography for as long as the crashes last.

     For PlanB, these "true owners" are like "loyal shareholders of a company" who don't try to sell their shares when that company goes through the rough waters, but give it time to build itself up, because they believe in it.


     Once again, we understand that the BTC crisis is a crisis of confidence that is not related to the fundamentals of crypto.

     The game will, therefore, be played over time. Investors will have to hold on.

     And if you really want to, this crypto-Monnaie that just dethroned the BTC could be a good bet for you.

The Best Cryptocurrencies - Including Bitcoin - to Be Mined in 2020

The Best Cryptocurrencies - Including Bitcoin - to Be Mined in 2020

     The global spread of the Covid-19 pandemic is challenging many sectors, but in the crypto-sphere, activity continues, with the reduction in Bitcoin Mining (BTC) rewards, there is no doubt that miners are now placing more emphasis on the issue of strict profitability.

     In order to answer any questions about the most interesting cryptos to mine, The Coin Tribune has drawn up a selection of the most secure and exploitable assets for this year.

What crypto money to undermine in 2020?

     Bitcoin (BTC) remains the most profitable piece of equipment but remains out of reach for individual miners unless special conditions are met.

     Although very competitive, its exploitation requires millions of dollars of investment that only large companies can afford.

     Signs that invest in Bitcoin require the use of thousands of miners with the use of specialized equipment such as ASICs or Application Specific Integrated Circuits, the latest incarnation of which, Bitmain's S19 PRO, was recently presented on TCT.

     To maximize their profit, these companies operate in countries where electricity rates are favorable.

     In any case, it is roughly the equivalent of $14,100,000 in Bitcoin that is paid to miners on a daily basis.

     In addition to Bitcoin, neo-miners also have the opportunity to exploit Ethereum (ETH).

     Very popular, it is the most profitable piece of equipment for miners who operate at home.

     Ethereum has the advantage of being easily exploitable on ASIC, but with the implementation of the ProgPOW algorithm, miners using GPU graphics cards still have the possibility to mine without investing massively inexpensive ASIC hardware.

Other exploitation possibilities

     Other crypto mining alternatives also exist and are proving profitable to individual miners. For example, you can use BitTube, a decentralized alternative to the YouTube video platform.

     Named TUBE, this low-value crypto is blockchain-based via the Cryptonight algorithm and is used to remunerate content creators.

     Its exploitation is fully profitable over the last few months for minors equipped with GPUs.

     Also accessible to individual miners, Ethereum Classic (ETC), and in general, tokens whose mining is allowed by the ETHASH process, and which, like Ethereum, are digital assets that can be mined from GPU platforms.

     The release of Ethereum version 2.0 is however pending, which will necessarily increase the ETC hash rate and change the mining conditions.

     Haven Protocol is another crypto that's proving interesting to mine.

     This asset is based on the proof-of-work algorithm Cryptonight, also used by other cryptographic pieces, such as Monero.

     It is advisable to work on Cryptotnight with Nvidia GPUs, which are more suitable for this mining, compared to AMD signed GPUs, although either one can be used in Haven mining.

     Depending on your preference, you can also opt for Grin.

     With its CR29 and CT31 hash algorithms, this crypto is also ASIC-proof, meaning it does not suffer from unfair competition from dedicated war machines and can be operated on GPUs.

     This piece favors decentralized mining and thus gives amateur miners all their chances.

     With the exception of Bitcoin, which requires a significant investment, crypto mining is a fascinating and exciting activity. Whatever your preference, this passion is accessible to everyone.