In the fourth quarter of this year, Bitcoin is not only setting a new all-time high, it is also gaining momentum for the coming year. The fourth part of the annual Bitcoin review.
The fourth quarter was quite mixed for the Bitcoin bulls. The cryptocurrency n. 1 reached its preliminary all-time high on November 10 at $ 69,000. At the time of writing this article (December 28), however, digital gold is far behind. Bitcoin weighs just $ 49,000 today, about 29 percent less than six weeks earlier.
But even the last quarter of this year had a lot of explosive in store. The fourth quarter at a glance.
Justice auction: North Rhine-Westphalia to auction confiscated Bitcoin
Previously only known in the US: Bitcoins seized in criminal proceedings were first auctioned in Germany this year. More precisely, the North Rhine-Westphalia police authorities auctioned BTC for the equivalent of an eight-figure sum. Contrary to all intuition, the coins, which were offered in different denominations, went above the market price at that time.
For example, this Bitcoin (auction number # 147503) was worth € 57,010 to the highest bidder, although the market price at the time was only $ 50,800.
First Bitcoin ETF Launched in the US
It wasn’t the big hit yet, but at least: with that ProShares Bitcoin Strategy ETF The first Bitcoin-related exchange-traded index fund launched in the US and quickly wrote the history of the stock market. With just under $ 1 billion in trading volume, it was the most successful first day in the history of the New York Stock Exchange.
By the way: In our news ticker you will find the latest information on the subject of the Bitcoin ETF.
The United States Is Now The World’s Largest Bitcoin Mining Nation
The mining exodus from east to west is complete. From the data of the Cambridge Center for Alternative Finance shows, the United States contributes the majority of the global Bitcoin hashrate at 35 percent. Chinese share, on the other hand, is currently zero, according to official figures.
Thus, the US is filling the power vacuum created by China in terms of Bitcoin in a few months.
MicroStrategy is turning into a bitcoin whale
American stock company MicroStrategy has placed great value on its Bitcoin holdings not only since yesterday. The company, whose business model is actually selling business intelligence software, was able to accumulate real Bitcoin reserves in no time.
The company led by Michael Saylor last arrived in early December and bought 1,434 BTC. Therefore, MicroStrategy has a total of 122,478 BTC.
Mastercard wants to integrate Bitcoin
Plastic card maker Mastercard is jumping on the cryptocurrency bandwagon. As it became known on October 26, the payment service provider wants to enable payments on Bitcoin and Co. and install a crypto-based reward system.
However, it is not yet known when the moment will come. You can find more information in our podcast edition on the subject.
But also savings banks
But that’s not the whole crypto integration. He too German Savings Banks and Giro Association plans to do the same. A crypto wallet is already being manufactured, and the first pilot projects could start next year. That would be a blast. After all, savings banks are still the credit institutions with the most clients in the country. In this way, several million clients could be integrated into the crypto ecosystem in one go.
By the way: if you are disappointed in the $ 100,000 that is almost certainly created by Bitcoin, you should take a look at the Annual candles throw.
Because even in 2021, the crypto currency No. 1 can post a 65 percent price gain. And that is why we look to the year 2022 with optimism.