Redemptions exceed Direct Treasury investments by R$ 168.48 million

Treasury Direct redemptions outstripped issues for the third month in a row. In September, 403,225 investment operations were carried out in Treasury Direct bonds, worth R$ 1.86 billion. During that month, redemptions totaled R$ 2.02 billion. Net redemptions totaled R$ 168.48 million. The data were released today (23) by the National Treasury Secretariat in Brasília.

Investments of up to R$ 1,000 accounted for 67.42% of investment operations in the month. The average amount per operation was R$ 4,602.00.

According to the National Treasury, the securities most in demand by investors were those indexed to the Selic rate (Tesouro Selic), which totaled R$ 740.66 million, representing 39.91% of sales.

Inflation-linked securities (IPCA+ Treasury and IPCA+ Treasury with Semi-annual Interest) totaled R$ 656.95 million in sales and accounted for 35.40% of the total, while fixed-rate Immediate Bitcoin(Fixed-rate Treasury and Treasury with Semi-annual Interest) reached R$ 458.03 million in sales, or 24.68% of the total.

Buy-backs (early redemptions) were also dominated by floating-rate securities, which totaled R$ 1.22 billion (60.42%). The price-indexed securities (Treasury IPCA+, Treasury IPCA+ with Half-Yearly Interest and Treasury IGPM+ with Half-Yearly Interest) reached R$ 514.25 million (25.41%), and fixed-rate securities, R$ 286.79 million (14.17%).

As for maturity, the largest portion of sales was concentrated on securities maturing between one and five years, which reached 45.58% of the total. Investments in securities maturing over 10 years accounted for 26.67%, while securities maturing between 5 and 10 years accounted for 27.75% of the total.

Stock

In September 2020, the Treasury Direct stock stood at R$ 61.49 billion, up 0.41% from August (R$ 61.24 billion).

Price-indexed securities remained the most representative of the stock, totaling R$ 29.99 billion, or 48.78% of the total. Next came floating-rate securities, totaling R$ 19.44 billion (31.63%), and fixed-rate securities: R$ 12.05 billion, with 19.60% of the total.

As for the maturity profile of outstanding securities, the portion maturing in up to one year closed the month at R$ 3.68 billion, or 5.99% of the total. The stock maturing in 1 to 5 years was R$ 36.07 billion (58.65%) and the percentage above 5 years was R$ 21.74 billion (35.35%).

The total number of investors active in the Treasury Direct, that is, those who currently have a balance of investments in the program, reached 1,359,609 people in September, an increase of 14,954 investors in the month.

The total number of investors active in the Treasury Direct, that is, those who currently have a balance of investments in the program, was 1,359,609 people in September, an increase of 14,954 investors in the month. The number of registered investors in the program reached 8,386,216 people.

Le aziende pubbliche hanno investito miliardi in Bitcoin quest’anno

La scala di grigi potrebbe essere in cima alla lista dei titoli, ma non è l’unica azienda pubblica che investirà pesantemente in Bitcoin nel 2020.

La lista delle grandi società pubbliche che espandono i loro investimenti e portafogli per includere il Bitcoin è in crescita. Secondo una recente ricerca, Grayscale guida un gruppo di oltre dieci società pubbliche che hanno investito in Bitcoin nel 2020.

Il cui valore totale è di oltre 6 miliardi di dollari che, ai prezzi odierni, equivale a circa 526.000 BTC.

Non solo @Square, nel 2020 ci sono più di 10 aziende pubbliche che investono in $ BTC, per un valore totale di oltre 6 miliardi di dollari, pari a quasi 600.000 BTC.$BTC #BTC pic.twitter.com/7zxX94Clwx

– Coin98 Analytics (@Coin98Analytics) 13 ottobre 2020

Le istituzioni guideranno gli investimenti Bitcoin

Anche se il grafico può non essere del tutto accurato, suggerisce che più fondi di investimento istituzionali stanno acquistando Bitcoin come parte dei loro portafogli. Questo non dovrebbe essere una sorpresa, considerando che i governi e le banche centrali hanno svilito le proprie valute per affrontare le crescenti montagne di debito.

Inoltre, con le banche che offrono tassi d’interesse zero o negativi, gli investitori si stanno orientando verso attività sicure come il Bitcoin, che recentemente ha raggiunto un alto tasso di hashish, o l’oro.

Secondo l’ultimo aggiornamento di Grayscale, ha in realtà un totale di asset in gestione (AUM) di 6,3 miliardi di dollari, di cui poco meno dell’82% è nel Bitcoin Trust.

10/13/20 AGGIORNAMENTO: Patrimonio netto in gestione, Partecipazioni per azione e Prezzo di mercato per azione per i nostri prodotti di investimento.

Totale AUM: $6,3 miliardi$BTC $BCH $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/qwqOFHAnpl

– Scala di grigi (@Grayscale) 13 ottobre 2020

Come riportato da CryptoPotato, Fidelity vede anche un enorme potenziale in Bitcoin, affermando che potrebbe crescere in un mercato da mille miliardi di dollari. Jason Yanowitz di BlockWorks Group ha commentato che un esempio di portafoglio del 5% di allocazione Bitcoin per un’azienda che ha 3,3 trilioni di dollari di AUM potrebbe essere massiccio per BTC se solo una frazione dei suoi clienti ascoltasse il consiglio.

Fidelity ha appena raccomandato che gli investitori assegnino il 5% a Bitcoin.

Fidelity ha 3,3 trilioni di dollari USA.

Investire il 5% in Bitcoin significherebbe un’ulteriore inondazione di capitale di 165 miliardi di dollari in Bitcoin.

Bisogna essere pazzi per non possedere Bitcoin a questo punto.

– Yano (@JasonYanowitz) 14 ottobre 2020

Sembra che alcuni di questi grandi fondi istituzionali stiano iniziando a trattare le attività Bitcoin e cripto come una classe di attività piuttosto che solo l’attività stessa.

BTC a 1 milione di dollari

Anche l’ex gestore di hedge fund Raoul Pal è rialzista sulla Bitcoin, sostenendo che potrebbe raggiungere 1 milione di dollari in cinque anni in una recente intervista con Stansberry Research. Ha aggiunto;

„Non sarà perché il mondo sta crollando… è perché ci sarà l’adozione da parte dei veri grandi capitali“.

L’investitore ha continuato ad affermare che „i tubi non ci sono“ per consentire ai grandi investitori istituzionali di investire in Bitcoin ancora, ma questo sta arrivando. E‘ sullo schermo del radar di tutti e ci sono un sacco di persone intelligenti che ci stanno lavorando“.

La storia del tracollo economico globale e il concetto di scarsità si aggiungono all’attrazione di detenere Bitcoin quando il prossimo ciclo di tori sembra pronto per iniziare.

Bitcoin behavior in early October

Learn the details about the behavior of the main kryptomoney, Bitcoin, during the first days of this October.

The most important of the crypto currencies, arrives to the month of October in the middle of all kinds of forecasts. Certainly, no one can say for sure what will happen to Bitcoin this month, but you can explain its behavior in these early days.

As for mining, Bitcoin continues to expand its Hashrate. The hash power of the world’s leading digital currency recently reached a new all-time high of 143 EH/s. However, at the beginning of this month, it has dropped to 135 EH/s.

In relation to the price, it has oscillated between $ 10,200 and $ 10,800. From September 21 to these first days of October, this margin has been maintained. These data were extracted from the graphs of the portal Blockchain.com.
Behavior of Bitcoin before the BitMEX case

As you may recall, the announcement of the COVID-19 pandemic by the World Health Organization (WHO), drove the price of Bitcoin down. As in past events, they caused the debacle of the value of this crypto currency.

However, with the growth and progress that Bitcoin is experiencing, a significant degree of maturity has begun to be seen. The first days of this month, the earthquake that has meant the CFTC’s persecution against BitMEX, hasn’t affected the price of Bitcoin.

As indicated in multiple news items, the U.S. Commodity Futures Trading Commission (CFTC), accused three members related to the aforementioned BitMEX, of violating laws related to money laundering.

Before this news, the users of the trading platform, withdrew large amounts of BTC (equivalent to 425 million USD). This currency movement, however, was imperceptible to Bitcoin’s price behavior.
The Bitcoin Hashrate is an important indicator of the behavior of this crypt currency during this October startup. Source: Blockchain.comThe Bitcoin Hashrate, is an important indicator of the behavior of this cryptom currency during this October startup. Source: Blockchain.com Blockchain.com

Bitcoin whale qualifies as threat to regulators

Bitcoin Old Moves

Another important event that could influence Bitcoin’s price behavior was the coin movement of the Satoshi era. Under other circumstances, this would have had a negative impact because it would have meant more liquidity in the market.

All of this indicates that, as said, the maturity of Bitcoin, has allowed for an important degree of stability. This has been expressed during the first days of October.

On the other hand, it is important to highlight the hacking of the KuCoin exchange, from which some 150 million dollars were extracted in Bitcoin, Ether and ERC20. From this fact, there has also been no reported reaction in the price of the main krypton currency.

However, some analysts believe that these events have prevented the rise in the price of the pioneer cryptomone, leaving it stagnant.

It should be remembered that hacking and other events such as those reported above, cause a great pressure to sell, which generates the collapse of the price. But the firm CyptoQuant affirms that KuCoin has experienced a minimal abandonment after the violation of its security.

421 Million in Bitcoin Flee from BitMEX

Market capitalization remains high

According to CoinMarketCap numbers, Bitcoin’s market capitalization is $ 196,852,087,162. This amount has remained relatively stable in the first days of the month, despite the events that have impacted the environment surrounding this digital currency.

Another aspect to take into consideration, in order to predict Bitcoin’s behavior, is its quality as one of the best assets of 2020. During the whole year, only once, Bitcoin has been below the gold and S&P 500 and that was in March.

In a graph presented by Dan Held of Kraken, you can see that Bitcoin’s behavior in early October is still well above the other two assets.

From all this, you can say that during the month of October, you can expect stability in the price of Bitcoin. For now, there are no signs that could indicate a sudden increase in price volatility.

As for its Hashrate, although it has fallen, the trend is to increase as the mining business expands around the world.
Data to take into consideration