© Reuters.
Investing.com – The, the and manage to recover for the second day in a row on Wednesday, January 12, 2022. BTC / USD is up 1.74% to $ 42,694, while Ether shows a gain of 4 , 09% to 3249.7 dollars and that it climbs 4.87% to 142.53 dollars.
Bitcoin: Fed tightening cycle could be a handicap
In early May 2020, hedge fund manager Paul Tudor Jones revealed that he had also invested in bitcoin as part of his inflation hedge. According to his latest statement, he appears to be pulling out of cryptocurrency, which is directly related to the tightening cycle started by the Fed.
From his perspective, all of the instruments that have performed best since March 2020 will “probably” underperform during the tightening cycle.
Ethereum is like an investment in technology
Billionaire Kevin O’Leary sees great similarities between Ethereum and Google (NASDAQ :). From his perspective, investors put their money in tech companies like Microsoft (NASDAQ 🙂 and Google because they invest in software. Blockchains like Ether are in themselves nothing more than software, according to him.
Additionally, stocks of many large tech groups are not bought based on current earnings, but on growth prospects. Here too, a comparison with Ethereum and others is in order.
The share of crypto positions in its portfolio is 10.7%. He has come to terms with the fact that this segment is very volatile and thus states:
“But it takes a while to get used to volatile bitcoin, just as it took getting used to volatile Amazon (NASDAQ 🙂 stocks.”
Solana: Binance Payments Delayed
Cryptocurrency exchange Binance has now also drawn attention to the potential for delays in Solana payments and has made it known:
“Payments through the Solana Network (SOL) may be suspended from time to time in order to reduce payment delays. We are actively working with the project to find a stable and long-term solution. We apologize for any inconvenience that may arise.” .
In recent times, the blockchain has repeatedly faced technical issues. There was even speculation that these were targeted DDoS attacks, which the network denied.
By Marco Oehrl
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