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What is Loopring Coin-LRC-Loopring Price Prediction-Detailed Discussion

Mark Brennan
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What is Loopring Coin-LRC-Loopring Price Prediction-Detailed Discussion

What is Loopring coin-LRC-Loopring price prediction-How and Where To Buy Loopring coin and everything you need to know about Loopring/LRC

Loopring History

Daniel wand launched loopring in 2017. He is the founder of Loopring coin. Daniel wand also held a Google position; he also served as a vice president in Yunrang Technology. Jay Zhou is the CMO of loopring. He worked in Paypal and was among the founders of SJ consulting. CTO of the loopring project is Steve Gou, a well-known personality in cryptocurrencies.




Before launching Loopring, Daniel wand ran a centralized exchange Coin Port. At coin port, Daniel was very committed to solving centralized exchanges but soon discovered that these problems couldn’t be solved, so he turned his attention towards decentralized exchanges and launched loopring.

What is Loopring?

Loopring is an exciting project as it is a decentralized and automated exchange protocol built on the Ethereum network. It is an ERC-20 token. This allows users to swap their assets safely and quickly between different exchanges.

Loopring ensures that the decentralized exchange can work fast and efficiently. This is done utilizing ring sharding and order matching. Ultimately, all orders are completed by the exchange itself. Keep in mind that Loopring itself is not an exchange but just a smart protocol that makes everything easier.

The Loopring system ensures that all orders and order books from different exchanges are combined and ensures that the best prices can be traded. In this way, users get a broader market for trading.

See a short video below explaining loopring.

 Increased liquidity

The Loopring protocol is available for decentralized exchanges and centralized exchanges such as Binance, Bittrex, and Coinbase. Loopring supports both decentralized and centralized exchanges. Loopring’s blockchain is Agnostic, which means that platforms that use smart contracts such as Ethereum, NEO, IOTA can easily integrate Loopring into their blockchain.

How Loopring works

Unlike other cryptocurrency exchanges, traders do not need to deposit money into an exchange to start trading. At Loopring, your money always stays in your wallet, and ensures that you have complete control over your money, and you can decide what you want to do with your coins.

According to the system, you can also easily cancel, shorten, or increase your order limit. You can also remove your digital assets from your wallet after you have placed an order. However, it will undoubtedly affect your final order execution as the protocol is notified, and your order does’ not get filled.

Placing order

When you think you are ready to enter into a transaction, you can place your order via a loopring.io wallet, log in with your private key. When you have set the order, it is sent to a series of off-chain nodes by the Smart contract of the Loopring network.

The smart contract ensures that the money in your wallet will be exchanged for the traded coins. The off-chain are responsible for keeping an order book and sending these orders to ring miners.




Ring Miners

Now we come to the Ring miners. What are Ring Miners, and what function they perform on Loopring? The ring miners ensure that the orders are partially fulfilled. This is done through order rings. Users who do this receive a reward fee in LRC (Token of Loopring) or a split fee that depends on how large the purchase amount is.

For example, if you exchange 1 ETH for 2550 ADA, but the ring miner has found a transaction where you can get 2900 ADA against your 1 ETH, the ring miners will share this margin with you can choose to use the LRC costs. This service also ensures that miners are paid fairly for finding the best exchanges and rates for traders.

Unlike other decentralized exchange platforms, Loopring uses order rings and order sharing. An order ring ensures that ring matching is possible and that transactions can fulfill each other’s orders. If an order is not or partially completed, Loopring can ensure that the orders are split into partial orders until the order amount can be fulfilled.

Complete order

As the orders are fullfilled, the Loopring smart contract will check the orders before they can be executed. When everything is approved, the smart contract then sends the assets to the recipients.

Loopring’s Roadmap

Loopring team is very slow in updating the loopring roadmap. They are even slower in meeting the deadlines of the roadmap. Loopring has completed tasks like generating desktop and mobile wallets on time, but they have taken a lot of time in launching a dex exchange. They were very late in the dex launch, but the beta version was launched on Feb 20. The targets that are still pending are trading between ERC20 and ERC2230 tokens. A goal to establish a decentralized governance model with the help of DxDAO is also pending.

Loopring great success is the improvement of ring-mining algorithms. These algorithms provide loopring outstanding achievement in delivering smaller price threads, immense liquidity, and proper functioning of loopring exchange.

Loopring Wallet

Loopring is built on the Ethereum blockchain, so it is an ERC20 token. Being an ERC20 token means storing your LRC coins in any of the ERC20 token supported wallets. There are tons of ERC20 wallets out there, but you need to select the best and legitimate ones, where you can safely store your LRC coins.

If you are looking for a hardware wallet to store your loopring coins, the best choices are Ledger Nano S and Trezor wallets. To keep your coins on a mobile wallet, a Trust wallet backed and owned by Binance exchange is the best mobile wallet.

You can also store your Loopring coins on Metamsk and MyEtherWallet. There are thousands of wallets that support ERC20 tokens, so please do your intense research before going for any wallet.

Besides wallets, you can store your loopring coins of top crypto exchanges, but this is not recommended as exchanges are a favorite target of hackers.

Where To Buy Loopring Coin




Loopring is a well-known coin. The project has an excellent team and a working product so that you will find loppring on all the biggest cryptocurrency exchanges. If you want to buy a loopring against Dollars, then the best place to do so is Coinbase Pro. If you wish to purchase loorping coins against the Euro, then you can try Bitvavo Exchange. If you want to buy LRC against USDT, BUSD, ETH, or BTC, the best exchange is Binance, with lucrative trading volume and robust security.

Other top exchanges to buy loopring coin are

  • Uniswap
  • Gate.io
  • Crypto.com
  • Bitfinex
  • Upbit
  • Livecoin
  • Yobit
  • Hitbtc
  • Okex
  • Coinbit
  • Huobi Global
  • Bithumb
  • Bittrex
  • Hotbit
  • WazirX

How To Buy Loopring

Buying a loopring coin is a simple task. It is effortless to buy LRC.

Loopring is available on all top exchanges, including the Binance exchange. We will consider an example of buying a loopring coin on a Binance exchange.

To buy loopring, the first thing to fund your Binance account. Binance offers so many ways to fund your account. You can fund your Binance account with a wire transfer, credit cards, online transfers, etc. You can also use Binance Peer to peer exchange to buy BTC, ETH, USDT, etc., from your local vendors.

Once you deposited funds into your Binance account, the next step is to buy a loopring. At the time of writing, Binance is offering four trading pairs of loopring coins. LRC/USDT, LRC/BTC, LRC/ETH and LRC/BUSD.

Choose USDT if you have USDT in your account or BTC if you funded your account with Bitcoin.

GO to “Trade” from the top menu and select “Advanced”. An advance exchange window will open in front of you. Select the price at which you want to buy a loopring. Enter the number of coins you wish to purchase and press the Buy Button.

Your pending order will be shown in open orders at the end of the page; wait for the order to get filled; once the order is completed, your loopring coin can be seen on your Binance spot wallet.

Loopring VS 0x

It seems that loopring is a competitor of all centralized and decentralized exchanges, but this is not the case. Loopring is a platform trying to provide liquidity by gathering different exchange order books in one place. Liquidity is always the primary concern for trading cryptocurrency, so loopring tries to provide liquidity by becoming a partner of crypto exchanges and gathering their order books in one place so that orders can be filled quickly.

So loopring competitors are those crypto projects offering the same kind of services like 0x, Bancor, Khyber network, or Blocknet. These are all competitors of loopring because they all have identical goals, offering the same kind of service to exchanges.

The main competitor of loopring is 0x. Though 0x and loopring are not the same, they have different working mechanisms, and they offer different product solutions. On 0x, all orders are processed off-chain and not on-chain, Everyone on 0x can run a node as a decentralized exchange, and liquidity on 0x only comes from exchanges made up on 0x. So that is the big difference between 0x and Loopring. On Loopring for liquidity, the exchanges don’t need to be built on loopring; instead, you have to connect your exchange with the loopring platform.

Other competitors like the khyber network, Bancor, and Blocknet work by making liquidity pools and order making techniques that fulfill trades on smart contracts, but loopring has introduced order rings, order sharing, and ring miners to provide liquidity and complete all trades successfully.

LOOPRING 3.0




Loopring 3 is an update to loopring protocol. The update mainly focuses on the performance and security of the loopring coin. The update’s primary objective is that users can always withdraw their funds without the involvement of any third party. Loopring integrated Merkle proof on-chain data for fast withdrawal of user funds without getting permission from any central party to withdraw funds or recover user assets.

In loopring 3.0, the team also integrated services of Quad-Merkle tree. With the aid of the Quad-Merkle tree, data of users’ transactions and their account balances are maintained in an off chain environment.

The speed of the loopring network is also positively affected by Loopring 3 upgrade. Now the network can perform more than 2000 trades per second, which before the loopring three updates was only ten trades per second.

With the loopring 3.0 update, decentralized exchanges can be connected to the loopring network, and exchange owners can join their centralized exchange with loopring to take advantage of loorping liquidity.

Loopring’s DEX

There are so many Dex exchanges now in the market. There is no KYC requirement on Dex exchanges, but the dexes are not that recognizable as centralized exchanges mainly because of their scalability issues and high costs.

The scalability problems have limited dex exchanges from mass adoption as professional traders, and whales don’t find any interest in using these exchanges. Loopring is trying to solve these problems by bringing the zkRollup approach to their dex platform.

With the zkRollup approach, loopring is trying to bring trading fees as low as $0.000075 and 2000 trades per second.

Loopring is also trying to bring top-level traders to use their dex exchange. Loopring is bringing automated crypto trading to their dex exchange. Professional traders will be able to use trading bots and automated trading solutions with loopring dex. It will the first exchange ever to bring this functionality in dex exchanges. Loopring has the mission to bring order-book based dex exchange that can be easily used for commercial purposes.

Loopring Price Prediction

Many loopring price predictions have been made in the past by Twitter influencers, Youtubers, Telegram channels.




Loopring was launched in 2017. Like all other coins in Dec 2017, loopring price skyrocketed and reached an all-time high of above 2.50 USD. Then from Jan 2018 onwards price kept on falling and reached 0.28 Dollars in March 2018. After that much fall, a bounce was expected that came and took loopring price to 0.90 dollars in May 2018. But since then the price of loopring kept on falling. It came as low as 0.020 USD in Jan2020.

After the launch of the loopring dex price showed some strength and started to recover. From July 2020 onwards, loopring price is settling between $ 0.10 to 0.20 dollars.

In late 2020 Loopring has gained almost 600% from the lows of 0.020 USD.

The positive momentum of loopring price in late 2020 was mainly because of overall crypto market growth where Bitcoin made an all-time high of 19860 and Ethereum went above 600 dollars. Other than the bullish crypto market, some reasons played a role in loopring price. One positive thing was more and more Ethereum was locked in Loopring smart contracts. Till now, Nearly $ 15 million of ETH is locked in loopring. The other significant achievement was the launch of loopring 3, where the staking feature was introduced. This feature allows users to stake their loopring coins for a minimum of 90 days and earn rewards. Loopring staking also makes crypto exchanges to stake a minimum of 260,000 to 1,000,000 LRC.

Loopring price prediction for 2021 hover around $ 0.10 and $ 0.20

Loopring price prediction for 2022 varies around $ 0.19 and $ 0.40.

The forecast for the Loopring price for 2025 is above $ 1. 

These are our predictions, we are not financial advisors, and no one knows where Loopring price will eventually go.

If you want to invest in Loopring, only invest what you can afford to lose. Investing in cryptocurrency is always a bit of a gamble. And it is up to you how you deal with it. Loopring is undoubtedly an attractive investment for anyone’s portfolio.

Loopring Useful Links

Loopring Website

Loopring Twitter

Loopring Youtube

Loopring Medium

Loopring Telegram

Loopring Github

Loopring Discord

Reddit Loopring

There seem to be two subreddits of loopring. One is de-active for more than three years, and the other is active.

The subreddit with a promising name r/loopring is not active anymore. The last post was three years back when LRC was listed on the Binance exchange.

The active subreddit for loopring is r/loopringorg. On this subreddit, there are daily discussions, news, and updates about loopring. The community is of 7.3k members growing each day. Users ask questions about loopring staking, staking periods, transaction confirmations, Swap, and liquidity features, and community members answer them solving their queries.

Daily threads are open to discuss loopring prices and other questions. The subreddit does not allow to discuss price openly. The subreddit is available for anyone to post and comment, but there are some guidelines for posting. If you don’t follow those guidelines, your post will be removed, or you can be temporarily or permanently get banned from the loopring subreddit.

Read Also:

Iota Developers Prepare To Launch The Chrysalis Test Network

Mark Brennan
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Iota Developers Prepare To Launch The Chrysalis Test Network

The IOTA Foundation launches the Chrysalis test network on December 14. This testing marks the preparation for the deployment of IOTA 2.0.

According to the latest posts on the IOTA Foundation Twitter, the Chrysalis test network’s launch is scheduled for December 14.

The development team has been experimenting with Chrysalis on a private test network that is not allowed to be accessed by regular users. 

Earlier in a blog post, IOTA CTO Jakub Cech mentioned that the developers are finishing preparing the test network for transfer to the public mode. Chrysalis is a term used to define a series of” most promising ” updates that will make the network ready for operation before the final launch of the main iota 2.0 network, known as Coordinate.

This intermediate step will transition to coordinide smoother, increase iota scalability, and add new features. Chrysalis is deployed in two stages. Since the launch of chrysalis Phase 1 in August 2020, network throughput has grown to 1,500 transactions per second.

In October, IOTA co-founder David Sonstebo refrained from commenting on how fast the transaction speed will be for the next phase of the project but said it would “definitely grow.”

The upcoming launch of the public test network comes amid internal disagreements at the IOTA Foundation. Last week, it was reported that Sonstebo left the IOTA Foundation:

“It was necessary to decide to stop cooperation, although it was difficult. There were many situations where David’s actions were not compatible with the Foundation’s principles and who we strive to be.”

In the early summer of 2020, the developers of the IOTA project launched the Pollen test network. This was the first stage of the IOTA 2.0 update, which involves disabling the network coordinator node.

Smart Contract Capabilities Added To The Theta Core Network

Jakkk
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The Developers of the streaming platform on the Theta blockchain have updated the project’s network and added the ability to deploy smart contracts, among other improvements.

Theta is one of the projects that is developing after the ICO. ICO sales of $20 million THETA token were completed in January 2018 to accredited investors.

According to Theta Labs, the project’s network now supports smart contract capabilities, starting with block 8,411,427. As part of the update, changes were also made to the staking process. The asset staking threshold has been lowered to 1,000 THETA, starting from block 8,411,427, for both new nodes and additional staking of existing nodes.

Other changes include an updated website with Protocol information, an updated block Explorer that provides smart contract data, and the Theta-js Javascript SDK developer kit.

This update will not require existing token holders to take any actions or move tokens. No token replacement is taking place.

Other significant improvements include the Google Chrome extension for Theta wallets. In May 2020, Theta announced the launch of an updated version of the Theta 2.0 network and collaborated with Google.

Hacker Steals More Than 8 million USD in NXM 

Mark Brennan
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Hacker Steals More Than 8 million USD in NXM 

A hacker stole more than USD 8 million worth of NXM tokens from the personal wallet of High Karp, the CEO of Defi insurance company Nexus Mutual. As a cost, the price of the token has fallen by 15-20%.

Nexus Mutual CEO falls victim to hackers.

According to a statement from Nexus Mutual, the funds were withdrawn by manipulating Karp’s computer.

The hacker managed to install a fake version of MetaMask on Karp’s computer. As a result, Karp was misled and signed a transaction with his private key that sent the NXM tokens directly to the hacker’s wallet.

The loot amounts to 370,000 NXM, which at the time of the hack was worth 8.2 million US dollars. The hacker has already begun converting the tokens into Ethereum (ETH), with a balance of 354 ETH already converted worth more than 200,000 US dollars.

Nearly half of all tokens are still in his possession. Etherscan has already identified the wallet as “Nexus Mutual Hacker.”

According to Nexus Mutual, Karp uses a hardware wallet. However, the attacker bypassed the protection by replacing the real transaction with his own.

Hardware wallets should shield against this type of attack by requiring confirmation on the device to protect against such manipulation.

The attacker probably went through a KYC on Nexus Mutual 11 days ago. However, the hacker could not be fully identified as the investigation is still ongoing.

Because the real NXM tokens can only be traded after a successful KYC, WNXM can be used instead. It is therefore assumed that the hacker must also have used a false identity at the KYC.

NXM price falls by up to 20%

Since the attack, the NXM price has fallen almost 20%, although the protocol itself was not affected. But NXM stolen in the hacked account is currently in circulation. So it’s no wonder the price has plummeted.

Karp praised the hacker on Twitter for the “very nice trick.” He offered a USD 300,000 bounty to anyone who will get all NXM tokens back.

However, you can see that the hacker has already managed to convert almost half of the WNXM into Ethereum.

MicroStrategy Issued $650 Million In Bonds To Buy BTC

Albert Brown
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MicroStrategy Issued $650 Million In Bonds To Buy BTC

MicroStrategy sold more bonds than initially planned. Now $650 million will be allocated for the purchase of Bitcoins. Previous news was that Microstrategy was planning to buy 450 million worth of BTC.

It was initially planned that MicroStrategy would issue a convertible loans in the form of $400 million of bonds, then $550 million, but in the end, it turned out that they issued $650 million in bonds to buy BTC. As planned, all funds raised from the sale of bonds will be used to purchase Bitcoins.

The $400 million bond sale took place on December 9, and additional securities were sold on December 11. It is not yet known which companies participated in the bond purchase. The securities maturity date is set for 2025.

At the current rate, MicroStrategy will be able to buy another 35,500 BTC. After the purchase of more than 40,000 BTC is stored in the company’s wallets, the total number of bitcoins in the company’s assets will reach 76,000. At current prices, this is more than $1.3 billion.

Recall that in mid-August, MicroStrategy bought bitcoins for $250 million, and then invested another $175 million in BTC. In early December, another $50 million was invested in Bitcoins.

IOTA Founder David Sønstebø Leaves IOTA Foundation 

Jakkk
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IOTA Founder David Sønstebø Leaves IOTA Foundation 

In today’s IOTA News, we discuss the departure of David Sønstebø from the Foundation. A press release from IOTA published on 10 December shows that the founding member Sønstebø probably has different interests and goals than the current management level.

Let’s take a look at what the press release says and what voices there are from the Community. 

Last week, we received news on the Twitter channel that David Sønstebø is leaving the IOTA Foundation.

The reasons and statements are exciting and can be read in Detail on the Iota Blog.

The blog says at the beginning that the IOTA Foundation has separated from Sønstebø, the separation takes place after a unanimous decision, which was made by the board of trustees and is in the best interest of IOTA and its ecosystem.

On the official website, the image, Position and Name of Sønstebø are removed from the team display.

From the blog post, it can be read that the decision was probably made due to internal differences of opinion. So it says it was a decision “that had to be made”.

Furthermore, it says: There were some examples where David’s actions did not match what the Foundation stands for and what it wants to be. Because of the concerned investors and Community, the Foundation primary goal is to protect the interests of the Community and that the Foundation is not afraid to make difficult decisions that protect and safeguard these interests.

At the end of the post, it is also stated that the Foundation is as strong as ever. The technical developments will go according to plan and are progressing well.

This changes absolutely nothing about the deployment and strategy of Chrysalis and Coordicide, and we see good progress.

The mood of the Community is different on this matter. There are both supporters of this decision, as well as critics that criticize management decisions.

Some Reddit users have a view that it’s good news because some founders can’t grow with the project. It looks as if IOTA is getting ready for Corporate companies, and this does not affect the technological aspect of Iota.

Other users expressed that they had already turned their back on the project a long time ago. CalculatedLuck a community member said” I left Iota some time ago because the leadership was weak. The communication of Sønstebø was extremely unprofessional.”

 

Curv Presented A Solution For Institutional Investors To Access Defi

Mark Brennan
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Curv Presented A Solution For Institutional Investors To Access Defi

The Curv cryptocurrency custodial service gave the Curv Defi solution, which will make it easier for institutional investors to access decentralized finance applications.

Curv Defi will be integrated with the Compound Protocol. Thanks to the partnership with ConsenSys, the interface will be similar to the popular Ethereum wallet MetaMask.

This will give institutional investors a unique offering that combines ease of use with the control and protection mechanisms that corporations need to implement their Defi industry plans.

A Curv spokesperson said:” since there was no reliable and secure solution for companies to access Defi, they often returned to using the MetaMask wallet for retail consumers. Our new offering provides the familiar MetaMask interface and security features developed by Curv for institutional investors. We have closed the technology gap and paved the way for greater use of Defi by institutional investors.”

A Curv representative noted that a significant number of customers have already expressed interest in the solution, but these companies’ names have not yet been reported. Recall that the Curv service introduced support for the Compound Protocol back in July 2020.

According To CryptoQuant CEO-Miners Have Significantly Increased Bitcoin Selling

Mark Brennan
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According To CryptoQuant CEO-Miners Have Significantly Increased Bitcoin Selling

The bitcoin exchange rate has already tried unsuccessfully to overcome the $20,000 mark several times. 

According to the analytical company CryptoQuant, this could be affected by the selling of BTC by miners.

Currently, Bitcoin is trading in the $ 18000 range. It seems that miners who have mighty BTC reserves expect the rate to continue falling and sell their BTC. 

Analysts consider that the Bitcoin price will fall to $17,600.

CEO of CryptoQuant, Ki-Young Ju, said that several large mining groups had started massive sales of Bitcoins. Ki-Young Ju told that he possesses Bitcoin but does not trade them against leverage. He also stressed that he would use leverage up to 5x when the time comes.

 

Earlier, the CEO of CryptoQuant said that BTC large bag holders’ sales also exerted the Bitcoin exchange rate’s pressure. The price drop was preceded by large transfers of BTC to cryptocurrency exchanges.

More And More Ripple Whales Before Spark Token Airdrop

Mark Brennan
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More And More Ripple Whales Before Spark Token Airdrop

This Saturday, 12/12/2020, the snapshot for the Spark Token Airdrop is coming. Interest in the Ripple Airdrop is high. Recent figures from the analysis firm Santiment show that the number of XRP Whales has increased sharply in recent weeks. Demand for the cryptocurrency increased because of the upcoming airdrop.

Let’s catch a more in-depth look at the numbers for The Ripple Airdrop.

The basis of our article is a recent tweet from Santiment on 12/11/2020.

The data analysis company Santiment has published a graph showing that the number of XRP Whales has increased sharply in recent weeks.

 

The number of XRP accounts with a balance of more than 10 million XRP has reached a new all-time high of 339 addresses.

As the graph shows, we have seen a sharp increase in Ripple Whales since November. The high demand is triggered by the upcoming Airdrop of the Flare Networks Spark Token.

The allocation of the new tokens depends upon how many XRP you hold. It will be a 1:1 token distribution.

An airdrop is a long-awaited event.

Ripple (XRP) owners have enjoyed an increase in the XRP price in recent weeks. Because more than 50 crypto exchanges now support the airdrop, so lively participation is expected. The distribution of the Spark (FLR) token will be in ratio 1:1 to XRP ownership.

Ripple employees are also allowed to participate in the event. In particular, the management team, which already holds many XRP, is pleased about the airdrop. The only exception is Jed McCaleb, who was excluded from the Spark Token Airdrop.

Bitcoin As A Gold Substitute-JPMorgan Analyst Sees BTC Has An Advantage

Jakkk
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Bitcoin As A Gold Substitute-JPMorgan Analyst Sees BTC Has An Advantage

Can Bitcoin replace Gold? This debate has been with us for several years. On the one hand, there are Gold advocates such as Peter Schiff and many investment bankers, managers, and economists who don’t see Bitcoin’s narrative as a Gold substitute. In this article, we look at JPMorgan analyst Nikolaos Panigirtzoglou’s opinion on Bitcoin and Gold.

In his opinion, Bitcoin now threaten the precious metal as a substitute.

According to analyst Nikolaos Panigirtzoglou, a paradigm shift in large institutions and family offices’ investment policy is imminent.

As a result, Bitcoin’s increasing acceptance leading institutional investors to invest in Bitcoin’s portfolio. This would be a disease for Gold, as allocating funds into the precious metal decreases overtime.

Nikolaos Panigirtzoglou works for the central American bank JPMorgan in the field of quantitative analysis. In his opinion, the “Bitcoin as digital gold” narrative is becoming more and more effective. In his view, this means that Gold is likely to lose investors’ attention over the next few years.

In portfolio management, a restructuring of existing portfolio shares is also called reallocation.

This process is part of good portfolio management and ensures a desired balance of the individual positions.

Panigirtzoglou takes up this aspect and says that just 0.18% of the Family Office portfolios invest in Bitcoin on average. On the other hand, there is a gold share of 3.3%. If you take this data as a starting point and assume a small reallocation, this can mean a fundamental tailwind for the BTC price.

The JPMorgan analyst said:

Bitcoin adoption by institutional investors has just begun. For Gold, on the other hand, adoption is well advanced. If my assumption is correct in the medium to long term, the price of Gold will suffer massively; as a result of BTC adoption.

The fact is that companies like Grayscale impressively show how high the demand for Bitcoin is from institutional investors. The big names like MicroStrategy, PayPal, attracted a lot of attention for Bitcoin this year.

Bitcoin is trading stable above 18,000 US dollars despite recent corrections, preparing for 2021.

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