The Week In Crypto In Five Graphs (1/19/20)
For those who love Crypto & graphs that tell a compelling story
For those who love Crypto & graphs that tell a compelling story
The march to mainstream adoption continues with progress being made all over the place.
1. BIG IDEAS 2020
1/14/20, Ark Invest
Ark Invest has been publishing an annual report titled “Big Ideas” since 2017 to enlighten investors on the impact of new technological breakthroughs. It’s a must read for anyone investing in tech. This year’s 81 page report focused on 11 different emerging technologies including electronic vehicles (Ark has THE best research on Tesla), DNA sequencing, digital wallets (aka- The Transformation of Banking) and Bitcoin (aka — An Evolution of Monetary Systems). Ark believes that because of bitcoin, we’re in the midst of a global battle among sovereign and non-sovereign monetary systems. Ark believes bitcoin is “.. in a good position to win this battle” and create trillions of dollars in value:
2. Grayscale’s Digital Asset Investment Report
January 16, Grayscale
In its annual report looking back at 2019, Digital currency manager Grayscale, most noted for its Bitcoin Trust, reported $607 million of new investor inflows, surpassing the total amount that had been invested in Grayscale in it’s first six years (2013–2018). Grayscale’s managing director, Michael Sonnenshein, noted that the record year was the result of increased interest in crypto on the part of hedge funds and other institutional investors.
3. DeFiPulse.com
January 19, DeFiPulse
The total amount locked in DeFi surpassed $800 million for the first time last week, a 3X increase from a year ago. Maker continues to dominate with over 57% of value locked in DeFi.
4. State of Staking
January 13th, CryptoDiffer
The total dollar value locked in staking is approaching $7 billion, which represents about 62% of the total Staking Market Cap of $11.2 billion. The leading coins in terms of the % of total coins staked are Cosmos (98.6%), Livepeer (95.6%), Synthetix (88.3%), Kava(86%) and Tezos (85.8%).
5. Why now? Why Alts? and What’s Next?
January 16, Quantum Economics
In the chart above, circled in purple, you can see the exact time of the January 3rd airstrike near the Baghdad International Airport that killed Qasem Soleimani of the Islamic Revolutionary Guard Corps. The resulting surge in the price of bitcoin indicates that bitcoin is increasingly seen by investors as a “safe haven” asset, where investors park their cash at time of rising global uncertainties, as they flee risky assets like stocks.
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