New Bitcoin study shows: This is why every investment portfolio should include BTC

After analysing a portfolio with and without Bitcoin, a study concludes that the „robustness check confirms the results and also argues that the cryptocurrency should be added to the portfolio.“

According to the study by economists at the University of Warsaw, the aim is to „check whether adding Bitcoin to the portfolio, which consists of various market assets, shifts the efficient frontier… We check whether Bitcoin is able to gain significant weight and improve the risk-return profile of the entire portfolio.“

And, „The empirical analysis is based on Bitcoin Revolution comparing the portfolios with and without Bitcoin in the context of two Markowitz criteria of optimisation.“

The researchers track the behaviour of the portfolio, which consists of 10 traditional assets (representing equity, fixed income, money market, commodity and real estate markets) over a period of time. Then they add bitcoin to it (Go to Plus500’s buy bitcoin guide) and look at performance.

„The historical observations cover the period from 1 May 2013 to 24 May 2019, giving us 73 months of daily prices of 11 assets.“

Bitcoin’s correlation with other assets through 2019

In line with numerous studies, they first find that Bitcoin is not correlated with other assets, making it a portfolio diversifier.

After much analysis, they then conclude that „including Bitcoin in the portfolio actually improves its efficiency.“

„Bitcoin-inclusive portfolios perform better than those consisting only of traditional assets,“ they conclude.

And:

„The results are robust with respect to the various optimisation criteria in our study – expected mean return maximisation and expected shortfall (CVaR) minimisation. Adding Bitcoin to both Markowitz-optimised portfolios and an equally weighted portfolio improves their performance.“

The results are weighty enough for economists to recommend adding Bitcoin to an investment portfolio.

Several studies have come to this conclusion: bitcoin is a diversifier and increases risk-adjusted returns.

The conclusion of these studies was partly the basis for the entry of institutional investors, but their adoption was rather small, with pension funds, for example, not yet fully integrating Bitcoin into their investment strategies.

However, as these academic foundations continue to be built, financial advisors may move more and more towards recommending the inclusion of Bitcoin in investment portfolios (Go to buy Bitcoin cheap guide) in order to increase risk-adjusted returns.

Red Balloon Cyber ​​Security Company bruker en unik måte å få sine neste rekrutter på. Selskapet ber potensielle kandidater om å knekke en kryptert harddisk før de får muligheten til å jobbe med sikkerhetsfirmaet.

I følge selskapets beskrivelse vil alle med “ferdighetene og lidenskapen” til å knekke harddisken bli tilbudt 0.1337 Bitcoin (BTC) eller rundt $ 4900 per pressetid.

Enhver søker som dekrypterer harddisken og hevder at BTC-midlene blir bedt om å kjøpe en billett for å reise til New York for rekrutteringsprosessen.

„Du må gjøre et litt uvanlig teknisk intervju: Låse opp en harddisk med Bitcoin,“ sa cybersikkerhetsfirmaet.

En unik rekrutteringsmetode som gir resultat

Administrerende direktør i Red Balloon, Ang Cui, kommenterte den merkelige rekrutteringsprosessen ved å si at hans selskap er et av de få firmaene som bruker det til å rekruttere arbeidsstyrken.

Ifølge ham tar firmaet en slik metode fordi det er et lite selskap og ikke har nok menneskelige ressurser til å bruke på å sortere og gå gjennom hvert CV. Så ideen er å bruke en smart og effektiv metode for å rekruttere en spesialisert teknisk ekspertgruppe.

Rekrutteringsmetoden registrerer en suksessrate på 1%

Cui la til at sikkerhetsfirmaet har sendt ut testinvitasjonen til alle som er interessert i den utlyste stillingen. Han sa også at bare svært få personer kunne skalere gjennom intervjuet, og påpekte at suksessraten bare var 1%.

Red Balloon la til 6 personer i arbeidsstyrken, noe som gjorde det til 29 ansatte som for tiden jobber i firmaet. Cybersecurity-firmaet ble grunnlagt i 2011 og hadde brukt denne rare intervju-metoden for å rekruttere noen av sine ansatte i en stund.

En kryptoentusiast hevdet nylig at han mottok en slik invitasjon og instruksjoner om å få tilbake Bitcoin Revolution for fem år siden på Twitter.

Noen andre sa også at Red Balloon hadde vært kjent for å bruke en slik rekrutteringsmetode. Noen av dem sa som en del av Decon Hacker Conference i 2017; sikkerhetsfirmaet ba programmerere om å dekryptere harddisker med Bitcoin.

I forrige måned utnevnte Red Balloon-sikkerhet David Doggett som seniorstrateg for sitt industrielle marked. Som team senior var rekrutteringsmetoden hans sannsynligvis ikke gjennom harddisken.

Sikkerhetsfirmaet hevder at det er en ledende utvikler av firmwarebaserte sikkerhetssystemer som beskytter innebygde enheter, inkludert automatiseringssystemer og elektriske systemer, fra forskjellige potensielle nettangrep.

Selskapets flaggskipprodukt, Symbiote Defense, er et forsvarssystem designet for innebygde enheter.

Red Balloon har mange andre produkter som hjelper kundene med å beskytte sikkerhetssystemene sine mot uønsket utnyttelse. Dette forklarer hvorfor firmaet bruker den unike metoden for harddiskkryptering for å rekruttere sin nye arbeidsstyrke.

Victims of their success? Cryptocurrency-related services on the eToro exchange are seeing an unprecedented influx. So much so that the company issued a warning regarding the state of its Bitcoin (BTC) and altcoins stocks …

Cryptocurrencies: eToro faces unprecedented demand

The news has been relayed on the cryptosphere: eToro faces such high demand for cryptocurrencies that it cannot guarantee purchases for the coming weekend. In any case, this is the content of an email sent to eToro customers , which explains:

“We are facing unprecedented conditions when it comes to crypto markets, which has led to increased demand from eToro users, both old and new. […] We would like to alert you to possible limitations coming this weekend with regard to buy orders . “

The news is not entirely a surprise, as eToro’s chief marketing officer Brad Michelson said yesterday that the influx of new users has been colossal:

“Just in the last eleven days, eToro and eToroUS have opened 380,000 new accounts , and their cryptocurrency trading volume is 25 times higher than last year. “

Retail investors take to cryptocurrency

This of course shows that retail investors are in the midst of “FOMO” and are jumping into cryptocurrency with the hope of making significant gains. Responding to Mati Greenspan, a former eToro analyst, Adam Back also went with his little comment:

“Sold out, it’s funny. But in reality the price goes up, until the weaker holders sell. And there are sources from other exchanges, so you have a spread . Or someone with multiple accounts on multiple exchanges can opportunistically do arbitrage. “

A „bullish“ signe?

There is no doubt that eToro will probably find the necessary cryptocurrencies very quickly to provide them to these users. But the sign is particularly bullish: it shows that a mass of retail users are ready to buy Bitcoin (BTC) and cryptocurrencies , even as prices continue to climb to highs. In addition, we note that strong demand in the face of lower liquidity generally leads to a rise in prices.

What is certain is that Bitcoin (BTC) already seems set to ignore the correction it has experienced in recent days: it is currently close to $ 38,000 , with a capitalization that again exceeds $ 700 billion. .

O Bitcoin quebrou $ 40.000 no dia 7 de janeiro, estabelecendo um novo recorde de $ 40.180, mas rapidamente fez uma correção para baixo após uma intensa rejeição de preço. Isso levou o big bull a fechar a um preço de $ 36.491.

O Bitcoin recuperou o ímpeto um dia depois e testou novamente seu recorde anterior, o que levou a criptomoeda a atingir outro preço de ATH de $ 41.946

Mais uma vez, o Bitcoin enfrentou rejeição e fez um movimento descendente para os níveis de $ 36.838, embora o Bitcoin Profit ainda tenha conseguido fechar em $ 40.000. Evidentemente, a pressão de baixa está se intensificando nos níveis de $ 40.000 e, a menos que os touros possam suportar o calor, o Bitcoin pode continuar a cair. Existem alguns fatores-chave aos quais prestar atenção conforme o Bitcoin revisita a resistência anterior.

Até o momento, o Bitcoin está sendo negociado a $ 40.894

O gráfico de negociação de 1 hora mostra que os touros são persistentes, já que o Bitcoin conseguiu permanecer na extremidade superior do nível de $ 30.000, embora analistas observem que os preços podem despencar e retornar ao nível de suporte de $ 36.000.

Enquanto isso, o Crypto-Twitter está ativo, como sempre, com suas cenas quentes. Travis Kling, o chefe de uma empresa de gerenciamento de ativos de criptografia, observou que uma correção maciça de preço, o que ele chama de „sexta-feira negra“, poderia causar muito rapidamente a grande alta negociada a US $ 20.000. Certamente, isso resultará em quedas massivas para investidores e comerciantes otimistas no mercado, os vendedores também podem continuar a vender sem parar, fazendo com que o Bitcoin negocie ainda mais baixo.

Compartilhando um sentimento semelhante estava o analista Joseph Young, que ironicamente previu que o Bitcoin nunca será negociado abaixo de US $ 20.000. O analista alertou que a venda de BTC em curso no fim de semana de investidores asiáticos pode causar uma queda significativa nos preços.

The guesswork around Satoshi Nakamoto goes into the next round in 2021. An analysis of the writing habits of the Bitcoin inventor provides new impetus.

More than 12 years after the Bitcoin whitepaper was published, the identity of its author remains a mystery

Now the Ungeared.com team also got involved in the speculations surrounding Satoshi Nakamoto. Because on December 31, a statistical study appeared there, which is related to Satoshi’s spelling.

The article responds to a line of reasoning that claims that Great Britain is the home of the Bitcoin inventor. Since some of the arguments put forward for this were based on Satoshi’s spelling, the authors decided to subject them to statistical examination. They made use of the fact that a number of words in American English are spelled differently than in British. In addition to the Bitcoin whitepaper, Satoshi’s well-known emails and blog posts were also the subject of the analysis.

The authors of the study were able to identify a total of 108 cases that are relevant to their concerns. With regard to the spelling, the following breakdown results: „American – 52, British – 35 and misspelled – 21.“ Satoshi thus uses both the American and the British spelling.

Moreover, there is no recognizable pattern according to which Satoshi switches between the two writing styles. The same word is sometimes found in British and then again in American spelling. Even within the same email, the Bitcoin inventor varies his spelling habit. Only when it comes to coding does he remain largely faithful to the American.

Where did the Bitcoin inventor come from?

The just mentioned inconsistencies seem to require explanation. For example, as one hypothesis, the authors suggest that the Bitcoin inventor is Canadian. Because the Canadian English mixes the spelling of the British and the American on some points. Since Satoshi mainly uses American coding for coding, it is also conceivable that he is actually British, but programmed in American English.

However, that doesn’t explain Satoshi’s misspelling either. It would be conceivable here that English is simply not the mother tongue of the Bitcoin inventor. (The authors do not consider this possibility.) The seemingly arbitrary switch between different spelling styles could also be explained in this way.

In the end, the results of the study leave more questions unanswered than answered. Could Satoshi Nakomoto be more of a collective than a loner, as is often assumed? It is also possible that the inconsistent spelling was a deliberately chosen strategy by the Bitcoin inventor to make the traces unrecognizable as much as possible. If so, even years after the white paper was published, Nakamoto is cheating on all Bitcoin archaeologists.