Former President of the Uruguayan Chamber of Fintech, Martin Naor, highlighted the role of Fintech for financial inclusion. He did so in an interview published by the newspaper La Mañana on January 15.
It should be noted that Naor has experience in the world of software and entrepreneurship. In the publication they highlighted that he is also the founder of Bankingly.
The President of the Central Bank of Uruguay highlighted the importance of connecting tradition and innovation
When asked how the fintech sector differs from the incorporation of technology by traditional banks, he replied: „If you go for purity of terms, none. He then explained: „As a concept, fintech is the sum of finance and technology. The difference is in the focus that fintech companies have that does not come from banking history and the customer experience. Many fintech companies are born out of a super specific need and tend to be excellent solutions to that need, whereas a bank tries to solve 400 different needs, all in the best possible way, but it is not easy to be excellent at all of them“.
On the other hand, he spoke of the difference in the target that fintech and the traditional banking sector are aiming at. He indicated that many fintechs have started out thinking about people and SMEs, while traditional banking focused more on people with high incomes.
Experts analysed the current situation and prospects of the financial system and blockchain technology in Latin America
Regulation in Uruguay
He was also asked about regulation in Uruguay, and on that he commented: „The Central Bank of Uruguay (BCU) has published a roadmap as to which areas it wants to ensure that it improves competition and opens up the systems to all players who want to enter and meet the requirements, so that they can do so. That is the crucial thing; no fintech is asking for advantages, but to be able to play, and there is a lot of very old regulation that is made for a pure bank status quo. Therefore, in Uruguay there were several bottlenecks where banks had the capacity to slow down almost any progress in payment and point of sale systems.
Logistics in Uruguay: Jaume & Seré applies blockchain technology to streamline processes
In terms of regulation, with respect to the region, Naor said that Uruguay is behind. „Since the 2002 crisis, the main focus of regulation has been the soundness of the system and that the same thing should never happen to us again, which is a super important and shareable goal, but it has the risk that if you only focus on that, you can become irrelevant because you are old. So now we are behind our neighbours and almost all of Latin America, with a few exceptions, and we have to move forward.
„The advantage is that we saw several things happen in Mexico, in Colombia, in Argentina, and of course you can learn from others. In legislation and regulation it is very much used to be guided by the cases that worked so as not to have to reinvent strange things. That’s the job the BCU has to do now along with the whole industry, both banks and fintechs,“ he added.
Dans le même temps, plusieurs sceptiques commencent à changer de ton concernant la principale cryptocarte.
Le dernier sceptique devenu enthousiaste est Howard Marks, le co-fondateur et co-président du géant de la gestion d’actifs Oaktree Capital Management.
Oaktree est le plus grand investisseur de titres en difficulté dans le monde. Basée à Los Angeles, la société gère environ 140 milliards de dollars d’actifs.
Dans un mémo d’investisseur diffusé en début de semaine, M. Marks a expliqué qu’il commençait à changer ses vues sceptiques sur Bitcoin, cet actif ayant fait preuve d’une maturité considérable au cours des dernières années.
M. Marks a été un critique acharné de Bitcoin lors de la crise de 2017.
À l’époque, le gourou de l’investissement avait prévenu que Bitcoin n’était qu’une mode et que les investisseurs finiraient par perdre une fortune lorsque sa bulle éclaterait. Dans son mémo, Marks a expliqué que Bitcoin était essentiellement un système pyramidal, les enthousiastes lui attribuant une valeur basée sur la volonté des gens à payer pour l’obtenir.
Cependant, comme Bitcoin a maintenant laissé son précédent sommet historique dans la poussière, même Marks a fait allusion au fait qu’il aurait pu se tromper.
Dans son récent mémo, l’investisseur a expliqué qu’il avait parlé avec son fils, Andrew Marks, des cryptocurrences. Il a ajouté qu’Andrew était un grand amateur de bitcoins et qu’il en avait „heureusement“ acheté quelques-uns au nom de la famille. Apparemment, Andrew avait réussi à le convaincre.
Comme l’a expliqué Marks, il n’avait pas été entièrement favorable aux bitcoins. Cependant, il a reconnu qu’il devrait au moins examiner l’actif et son potentiel.
„Quand les innovations fonctionnent, ce n’est que plus tard que ce qui semblait d’abord fou devient un consensus. Sans avoir une réelle connaissance de ce qui se passe et sans essayer de comprendre pleinement le cas positif, il est impossible d’avoir un point de vue suffisamment informé pour justifier le mépris dont beaucoup d’entre nous font preuve face à l’innovation“, a déclaré l’investisseur de valeur.
Wall Street aime la crypte
Le mois dernier, Ray Dalio, le fondateur du géant des fonds spéculatifs Bridgewater Associates, a expliqué lors d’une séance de Reddit „Ask Me Anything“ que l’or et les bitcoins constituaient la meilleure alternative d’investissement pour les personnes cherchant à se défaire d’actions et de liquidités.
Le gestionnaire de fonds spéculatifs milliardaire a déjà critiqué Bitcoin pour sa volatilité et ses autres échecs en tant que monnaie.
Les partisans de Wall Street s’intéressant à la cryptographie, on peut espérer qu’ils soutiendront une partie de cet intérêt par des investissements. Les investissements institutionnels ont contribué à la croissance de l’espace de la cryptographie l’année dernière, et avec la reprise de la croissance du commerce de détail, une poussée des grandes entreprises pourrait amener la principale cryptocouronne à des sommets sans précédent.
In our search for new knowledge about Bitcoin, data analysis can serve us well. In this article we will do a little data analysis together. The focus is on the relationship between the Bitcoin rate and the transaction volume.
Do your own research is a popular motto in the crypto field. Both here at BTC-ECHO and in the BTC-ACADEMY, we strive to equip our readers with the necessary tools and to allow them to share our insights. As a starting point for the BTC-ECHO community, our Discord is also a source for such research.
The responsible crypto citizen should always be a little data analyst. In the last articlewe have taken a first step in this regard: In the first part of this series, I explained how interested parties can download course data and work with it. With TradingView and APIs like Coingecko’s, investors and analysts have come a long way. You can view Bitcoin & Co. courses according to the current rules of technical course analysis and study new metrics and indicators. You can also study investment strategies such as dollar cost averaging (regular investments in smaller, fixed dollar amounts) and the use of seasonality or create a portfolio based on several cryptocurrencies.
However, the course does not take into account a special feature of cryptocurrencies: Thanks to the public nature of the blockchains, every analyst can take a look on-chain himself. How many transactions were there on the blockchain? How full are the blocks? Analysts can clarify such questions on-chain at a glance. In this article we would like to explain a few ways in which you can get such data using APIs. As explained in the last article in the series, we use R.
A second goal of this article is to do a little exploratory data analysis together. We therefore start with the data acquisition and play together with the corresponding data. Let’s see what we find out.
Coinmetrics is a good service for a first look at data beyond the mere price events. Coinmetrics is a company that focuses on crypto-relevant analyzes. Their analyzes have been discussed in various articles in the past. In addition to these insights, Coinmetrics offers the community a large amount of data that can be the first step for many analyzes.
Even those who don’t want to get started with R right away can get started on their platform. At this link Interested parties can reach a frontend in which various data can be viewed with regard to their development over time:
As you can see, a wide variety of other cryptocurrencies can be examined in addition to Bitcoin. The above illustration shows the development of the Bitcoin exchange rate. However, sizes such as the realized capitalization, the NVT ratio or the current block size can also be selected. If that is not enough for you, you can use “Formula” to create combinations of the sizes mentioned and plot them graphically. The future Bitcoin analyst can go very far here and model simple trend forecasts , for example.
But what if you want to use other models or look at the Coinmetrics data together with others? Or if data should not simply be analyzed in terms of its time dependency? Let’s say that we want to analyze the relationship between Bitcoin’s number of transactions and its rate in more detail. We are not interested in the temporal context, but what an influence the number of transactions has on the Bitcoin rate .
To celebrate the 12th anniversary of Bitcoin, the Journal du Coin is teaming up with StackinSat to launch a new service: Coin Savings! This platform allows you to position yourself on bitcoin with confidence, thanks to the programmed investment.
Coin Savings was born from a conviction: Bitcoin System is here to stay. If its adoption as a means of payment is not yet assured, its function of store of value is confirmed. Fears relating to the inflation of state currencies, and the low return on traditional financial investments make it a very attractive asset for diversifying and protecting one’s savings .
In this context, the constitution of a Bitcoin Savings Plan makes perfect sense! Discover our new platform, created in partnership with StackinSat.
The cost averaging dollar , or programmed investment is a strategy of investing regularly a fixed amount of a financial asset. This strategy makes it possible to smooth out its entry point . It is therefore particularly suitable for volatile markets such as cryptocurrency.
The price of bitcoin (BTC) since 2011
In the current context of strong price appreciation , there will be plenty of opportunities to invest at the worst time (on a market high). Thus, the overly emotional saver can be subject to the famous FOMO : the fear of missing out , the fear of missing the boat. He may be tempted to invest all his capital dedicated to cryptocurrencies on a whim . And that can turn out to be very disappointing ! For example, the investor who acquired all his bitcoins in January 2018 will have had to wait almost three years to be profitable.
With dollar cost averaging , the same investor who invested a fraction of his capital each month , regardless of price fluctuations, would have achieved a much better capital gain . And above all, without the fuss!
If you want to invest part of your capital in bitcoin , but you have neither the soul of a trader nor the time to keep your eyes on its price, this strategy is for you!
On bitcoin, this is a particularly profitable strategy . For example, here is what the Coin Savings simulator gives for an investment of 100 euros per month since January 1, 2018 :
Bitcoin (BTC): DCA simulation since 2018
Simulation of a programmed investment of 100 euros per month since January 1, 2018 in bitcoin.
Thus, having started to invest periodically during the bear market of 2018, the realized capital gain would be 264% . By investing the same amount all at once on January 1, 2018, at the price of $ 13,500, the capital gain would be 152% .
DCA is therefore a profitable investment strategy in a long-term bull market . It allows you to increase your exposure to this market regularly, while limiting the risks associated with its volatility .
Com a Bitcoin batendo recorde após recorde, semana após semana, você pode esperar ver mais figuras públicas tocando em ouro digital. Os melhores atletas podem ter muito em que pensar para se preocupar com a minúcia financeira, mas suas equipes de apoio são certamente espertas o suficiente para reconhecer oportunidades de investimento.
Você deve ter visto as notícias circulando nas mídias sociais que o NFL Player, Russell Okung dos Carolina Panthers, finalmente foi pago em Bitcoin. Enquanto ele pedia para ser pago em Bitcoin Loophole há mais de um ano, como mostra seu tweet…
„Pague-me em Bitcoin“.
…é, no entanto, tecnicamente falso. Como seria de esperar, o tecnicismo está na ânsia de simplificar as coisas. Não se deve esperar que um atleta da NFL seja pago em moeda criptográfica, mas deve-se esperar que os gerentes de Russel estejam convertendo parte de seu contrato anual de US$ 13 milhões em um investimento Bitcoin. E foi exatamente isso que aconteceu.
Curiosamente, na época daquele tweet quando ele solicitou o Bitcoin, em 14 de maio de 2019, o preço do Bitcoin era de $8.186,00, a menos de dois meses do pico do ano, a quase $13k.
É quase como se Russel soubesse que o mini-touro do Bitcoin foi lançado pela mídia social. Entretanto, parece que o timing foi mais mundano, ou possivelmente comercial, na natureza.
Uma empresa chamada Zap Solutions pode ter entrado em contato com a equipe da Russel para promover seu aplicativo de pagamento de greve sem atritos. O CEO da Zap, Jack Mallers, certamente parece estar em condições amigáveis com a Russel:
„Estou orgulhoso de poder chamar @RussellOkung de meu amigo. Ele será olhado para trás na história favoravelmente, por tantas razões. Um verdadeiro líder que não tem medo de defender aquilo em que acredita“. Um modelo digno de ser seguido por tantos em todo o mundo“.
Se os gerentes de Russel estão lidando com a conversão da metade de seu salário em dólares em BTC, quem pode dizer que eles também não estão lidando com sua conta no Twitter? Mais precisamente, com US$ 6,5 milhões entrando na BTC, isto poderia tornar Russel parecido com um mini-investidor institucional, ao mesmo tempo em que certamente acrescentaria à atual propaganda em torno do Bitcoin.
Afinal, essa soma pesada não está tão distante de um dos mais recentes investidores institucionais. Há apenas uma semana, Anthony Scaramucci, que esteve brevemente envolvido com a Casa Branca de Trump, investiu 25 milhões de dólares no BTC através de seu fundo de hedge SkyBridge.
Além disso, há muito mais pró-atletas de alto pagamento do que gerentes de hedge. Se Russel der um exemplo aqui, como muitos investidores institucionais fizeram para sua esfera de influência, ele pode ter acabado de estabelecer uma nova rodada de investimentos Bitcoin. Isso significaria um crescimento mais rápido do BTC, mais uma vez superando todas as expectativas.