Bitcoin not going back to Zero to Kraken 100,000 Ethereum Staking

1) Kraken, Eth2 staking service has locked 100,000 ETH.

Kraken, the U.S.-based cryptocurrency exchange four days ago launched Eth2 staking service like Binance, Huobi, and Bitcoin Suisse. In the last four days, Exchange users have deposited more than 100,000 Ethereum (worth approximately $60 million). Jeremy Welch, Kraken’s vice president of the product said:

Kraken has long been a supporter of Ethereum

2) Circle CEO’s view about when digital currencies will go mainstream.

Jeremy Allaire, Circle CEO at Singapore Fintech Festival 2020 said “third-generation blockchain technology” would bring digital currency “in the hands of hundreds of millions, if not billions of users.” Jeremy Allaire feels crypto is at an early age and added:

We’re right on the cusp, of what I like to think of, as the broadband moment of digital currency.

3) Bitcoin has established itself as interesting gold-like asset alternatives says Ray Dalio.

Ray Dalio in a Reddit session “Ask Me Anything” suggested that digital assets could complement gold as an investment. He wrote:

I think that bitcoin (and some other digital currencies) have over the last ten years established themselves as interesting gold-like asset alternatives, with similarities and differences to gold and other limited-supply, mobile (unlike real estate) storeholds of wealth, So it could serve as a diversifier to gold and other such storehold of wealth assets.

4) Crypto products saw a near-record inflow in the last few weeks.

According to CoinShares, a market data aggregator recent reports BTC products saw inflows of $1.4 billion in the last four weeks, whereas gold investment products have seen record outflows of $9.2 billion. The Crypto fund sector saw record inflows of $429 million in the last two weeks.

5) “I think a new investor could put 5% into Bitcoin. Bitcoin’s not going back to zero.” says Mike Novogratz.

Mike Novogratz, Galaxy Digital founder and CEO in an interview with Julia Chatterley said:

I think a new investor could put 5% into Bitcoin. It’s not going back to zero […] It could certainly trade back to $14,000 — you could lose 30–40%, but you’re not losing 80–90% of your money.

CNN anchor with the video of the interview tweeted

You’re going to see every single financial institution forced into this space.” Invest 5% of your net worth in #bitcoin says @novogratz

“We’re at the beginning innings of rebuilding the infrastructure that American & global business will be done on in the future.

This news was first published at Todayq News: https://news.todayq.com/news/bitcoin-not-going-back-to-zero-to-kraken-100000-ethereum-staking/