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Expert Review: Application Hosting Market is Booming Worldwide to Reach Highest Growth | AWS, IBM, Rackspace, Google, Liquid Web, Microsoft -…

Latest released the research study onGlobal Application Hosting Market, offers a detailed overview of the factors influencing the global business scope.Application HostingMarket research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of theApplication Hosting Market. The study covers emerging players data, including: competitive landscape, sales, revenue and global market share of top manufacturers are AWS, International Business Machines Corporation, Rackspace, Google, Liquid Web, Microsoft, Sungard AS, DXC Technology, Apprenda Inc., Navisite

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Application Hosting Market various segments and emerging territory.

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Definition:

Application hosting is defined as the software as a service solution which permits the users to execute as well as operate a software application completely from the cloud on a recurring subscription. Reduced cost and maximum uptime offered to an enterprise, fast-growing mobile-based application services, growing number of smartphones across the globe, the emerging use of mobile application services and escalating awareness, among others are some of the major drivers which are propelling the growth of the market. The market for application hosting is anticipated to register a CAGR of over 12.6% during the forecast period.

Application Hosting Market Segmentation and Market Data Breakdown:

Application Hosting Market Study by Application (Web-Based Applications, Mobile-Based Applications), Vertical (Media and entertainment, Banking, Financial Services, and Insurance (BFSI), Telecommunications and IT, Healthcare, Retail and eCommerce, Manufacturing, Energy and utilities, Others), Organization Size (Small and Medium-sized Enterprises (SMEs), Large enterprises), Hosting Type (Cloud hosting, Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), Managed Hosting, Colocation Hosting), Service Type (Application Monitoring, Application Programming Interface Management, Infrastructure Services, Database Administration, Backup and Recovery, Application Security)

Attraction of the Report:

Application Hosting Market Drivers

Application Hosting Market Trends

Application Hosting Market Challenges

Application Hosting Market Restraints

Latest Developments in the Application Hosting Market

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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Key Highlights of Global Application Hosting Market Comprehensive Study 2019-2026:

Browse in-depth TOC on Global Application Hosting Market Comprehensive Study 2019-2026: https://www.advancemarketanalytics.com/reports/15129-global-application-hosting-market-1

100+ Tables

100+ Figures

200+ Pages

Strategic Points Covered in Table of Content of Global Application Hosting Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Application Hosting market

Chapter 2: Exclusive Summary the basic information of the Global Application Hosting Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global Application Hosting

Chapter 4: Presenting the Global Application Hosting Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region 2013-2020

Chapter 6: Evaluating the leading manufacturers of the Global Application Hosting market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Global Application Hosting Market is a valuable source of guidance for individuals and companies.

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Expert Review: Application Hosting Market is Booming Worldwide to Reach Highest Growth | AWS, IBM, Rackspace, Google, Liquid Web, Microsoft -...

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Ben Domenech slams Big Tech over censorship of Trump, Parler: ‘We really ought to be scared’ – Fox News

Ben Domenech is warning against the "dominant force" of Big Tech companies, in the wake of Twitters permanent suspension of President Donald Trumps account and Amazons suspension of Parler from its cloud hosting service.

"This is a situation that I think a lot of us have been warning against, on the right, for a long time," Domenech, who publishes The Federalist, told Brian Kilmeade on "Fox & Friends" Wednesday.

"They can undermine and they can behave in totalitarian fashions, in ways that frankly smack of the kind of approaches that weve seen in places like China and Russia," he added.

TRUMP SUPPORTERS, LAWMAKERS REACT TO TWITTER BAN

Domenech argued that Twitters permanent suspension of Trumps account @realDonaldTrump, which took effect Friday, was politically motivated.

"Thats something that I think we really ought to be scared of, when we see these massive corporations, the most powerful ones that have ever existed in the world, coming together to make a political statement, to cut off the most popular Republican in terms of vote that weve ever seen.Thats something that should bother all of us," he said.

Amazons actions against Parler will make the social media platforms operations "impossible," Domenech said. Amazon suspended Parler from using Amazon Web Services (AWS), which is a hosting service for the site, effective Sunday night. This followsGoogles and Apples suspensions of the conservative messaging app from their app stores.

Parler went offline Monday morning.

"When we talk about what Amazon did to Parler, its the equivalent of saying were going to shut off your power. Were going to shut off your electricity," he said.

"Its not just the same as saying, you cant have access to this platform or to this app store," he added. "Its making it impossible for the company to even work."

CLICK HERE TO GET THE FOX NEWS APP

Domenech said legal battles over Big Tech censorship could rise to the Supreme Court, adding that he believes congressional Democrats would likely keep the issue at the forefront.

"Youre only going to see the fire, I think, continue to rise when it comes to all of these issues," Domenech said. "Nancy Pelosi and the Democrats in Congress, theyre not interested in pouring water on this, theyre not interested in tamping down on Americas tensions at the moment."

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Ben Domenech slams Big Tech over censorship of Trump, Parler: 'We really ought to be scared' - Fox News

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Bongino vows to fight Parler shutdown: ‘I’ll go bankrupt before I let this happen’ – Fox News

Although "tech tyrants Google, Appleand Amazonwiped Parler out, the service will return" soon, Fox News contributor Dan Bongino said on Monday.

"Parler will be back, just so the audience understands. I will go bankrupt and destitute before I let this happen," Bongino, one of the investors in Parler, told "Fox & Friends."

Bongino said getting diagnosed with cancer "opened his eyes to the world" and he no longer cares what "anyone thinks anymore."

"My eyes are wide open. Parler will be back by the end of the week."

GOOGLE SUSPENDS PARLER APP FROM PLAY STORE OVER FAILURE TO MODERATE EGREGIOUS CONTENT

Parler went down early MondayfollowingAmazonWeb Services' decision to suspend it from its cloudhosting service after Wednesday's U.S. Capitol riot. CEO John Matze told "Sunday Morning Futures" that the site will try to "get back online as quickly as possible," after writing on the platform that the site may be unavailablefor up to a week.

Googleannounced Friday that it would suspendsocial media platform Parlers listing from its Play Store due to a failure to moderate "egregious content" posted by users related to the violent siege onCapitol Hillthis week.

A spokesperson for Google confirmed in a statement to Fox News that its "longstanding policies" require that apps with user-generated content have measures in place to remove certain obscene content including posts that incite violence. Developers agree to those terms.

"Were aware of continued posting in the Parler app that seeks to incite ongoing violence in the U.S.," a Google spokesperson wrote in a statement. "In light of this ongoing and urgent public safety threat, we are suspending the apps listings from the Play Store until it addresses these issues."

Bongino "begged" for people to support Parler. Parler has "terms of service" and a code of conduct that users have to abide by, Bongino said. He also dismissed the notion that the service has "lax moderation" because "anyone can report a post that violates the code of conduct."

"Its not about the money. Its not about anything. If Parler goes down, everyone else will be next," Bongino said, pushing back against the arguments that the tech giants were within their rights to remove Parler because they are autonomous private companies engaging in a "free market."

CLICK HERE TO GET THE FOX NEWS APP

"Its a free-market? Because Twitter and Facebook are subsidized by the United States governments law Section 230 where they are allowed to pull down and leave up whatever they want and they are immune to lawsuits due to 230. But, when Parler, which is not a surveillance platform, abides by the very same text of the law 230, Parler is wiped from the face of the Earth and doesnt get the government subsidy?"

Bongino went on to say, "So to all you geniuses out there:Please explain to me again how this is a free-market argument when a potentially trillion-dollar subsidy is given to favorite enterprises butnot to Parler, who actually follows the law."

Amazon saidthe move was made forviolating Amazon Web Services' terms of services by failing to effectively deal with a steady increase in violent content, according to an email by an AWS Trust and Safety team to Parler, seen by Reuters.

Fox News'Brittany De Leaand Evie Fordhamcontributed to this report.

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Bongino vows to fight Parler shutdown: 'I'll go bankrupt before I let this happen' - Fox News

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Health Care Cloud and Hosting Market growth in New Research and Know about its Top growing factors by Key Companies like Med Tech Solutions Inc,…

This research report is equipped with the information categorizing the Health Care Cloud and Hosting Market by parameters such as players, brands, regions, types, and applications. The report also details the information about the global market status, competition landscape, growth rate, future trends, market drivers, challenges and opportunities, and porters forces analysis to these elements.

Key Companies Covered: Med Tech Solutions Inc, Rackspace, Health Catalyst, OVH Cloud, TrueNorth, Ntirety, Hostway and Hostting, Mercy, Euris.

This report also researches and evaluates the impact of the Covid-19 outbreak on the Health Care Cloud and Hosting industry, involving potential opportunities and challenges, drivers, and risks. We present the impact assessment of Covid-19 effects on the Health Care Cloud and Hosting and market growth forecast based on the different scenarios (optimistic, pessimistic, very optimistic, most likely, etc.).

You can get the sample copy of this report now @https://www.reportsintellect.com/sample-request/1353919

Health Care Cloud and Hosting Market:-Reports Intellect represents the detailed analysis of the parent market based on elite players, present, past and futuristic data which will offer as a profitable guide for all Health Care Cloud and Hosting Market competitors. The overall analysis Advanced Health Care Cloud and Hosting Market covers an overview of the industry policies that Health Care Cloud and Hosting market significantly, the cost structure of the products available in the market, and their manufacturing chain.

The market is segmented by types:Cloud ComputingHosting

It can be also divided by applications:HospitalHealthcare OrganizationsOthers

Table of contents :

1 Report overview

1.1 Research scope

1.2 Major Market Segments

1.3 player

1.4 Market Analysis by Type

1.5 Market by Application

1.6 Research Objectives

1.7 years considered

2 Global growth trend

2.1 Health Care Cloud and Hosting Market Size

2.2 Health Care Cloud and Hosting-Growth Trends by Region

2.3 Industry Trend

Key players three by three market share

3.1 Health Care Cloud and Hosting-Market Size by Manufacturer

3.2 Health Care Cloud and Hosting-Major Players Headquarters and Regions

3.3 Key Players Health Care Cloud and Hosting-Products / Solutions / Services

3.4 Date-Market Entering Health Care Cloud and Hosting

3.5 Mergers, acquisitions and expansion plans

4 Classification data by product

4.1 Global Health Care Cloud and Hosting-Sales by Product

4.2 Global Health Care Cloud and Hosting-Revenue by Product

4.3 Health Care Cloud and Hosting-Pricing by Product

End- users 5 stars of classified data

5.1 Overview

5.2 Global Health Care Cloud and Hosting-Breakdown Data by End User

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Overview of the chapters analyzing the Health Care Cloud and Hosting Market in detail

Chapter 1 details the information relating to Health Care Cloud and Hosting Market Introduction, Scope of the product, market overview, Market risks, driving forces of the market, etc

Chapter 2 analyses the top manufacturers of the Health Care Cloud and Hosting Market by sales, revenue, etc for the period 2020 to 2025

Chapter 3 throws light on the competition landscape amongst the top manufacturers based on sales, revenue, market share, etc for the period 2020 to 2025.

Chapter 4 analyses the global market by region and their market share, sales, revenue, etc for the period 2020 to 2025.

Chapter 5 to 9 analyze the key regions with key countries based on market share, revenue, sales, etc.

Chapter 10 and 11 contain information about market basis type and application, sales market share, growth rate, etc for the period 2020 to 2025.

Chapter 12 focuses on the market forecast for 2020 to 2025 for the Patient Derived Continuous for Health Care Cloud and Hosting Market by regions, type and application, sales, and revenue.

Chapter 13 to 15 contain the details related to sales channels, distributors, traders, dealers, research findings, research findings, and conclusions, etc for the Health Care Cloud and Hosting Market.

Reasons why you should buy this report :

Understand the current and future of the Health Care Cloud and Hosting Market in both developed and emerging markets.

The report assists in realigning the business strategies by highlighting the key business priorities.

The report throws light on the segment expected to dominate the Health Care Cloud and Hosting Market

Forecasts the regions expected to witness the fastest growth.

The latest developments in the Patient-Derived for Health Care Cloud and Hosting Market and details of the market leaders along with their market share and strategies.

Saves time on the entry level research as the report contains vital information about growth, size, leading players, and segments of the market.

The forecast assists in drafting expansion plans in the business.

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Health Care Cloud and Hosting Market growth in New Research and Know about its Top growing factors by Key Companies like Med Tech Solutions Inc,...

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Mediaite: Parler CEO says it took down post from Lin Wood calling for Mike Pence’s execution – WDJT

By Kate Sullivan, CNN

(CNN) -- The CEO of Parler, a social media platform popular among conservatives, told Mediaite that it removed a post from attorney Lin Wood calling for Vice President Mike Pence to be executed by "firing squads."

"Yes, some of his parleys that violated our rules were taken down," John Matzetold Mediaite, specifying that the post, or parley, about the "firing squads" was among those removed.

Wood, a staunch supporter of President Donald Trump, told CNN, "I made NO threat. I do not believe in violence. I do believe in the rule of law."

"I have reliable evidence that Pence has a engaged in acts of treason. My comments were rhetorical hyperbole. Any journalist should understand that concept. If my information is accurate, law enforcement will address what punishment, if any, should be administered to Pence as they do with all criminals," Wood said.

Wood posted on Parler on Thursday, according to Mediate, "They let them in. Get the firing squads ready. Pence goes FIRST."

White House spokesman Judd Deere told CNN in a statement, "We strongly condemn all calls to violence, including those against any member of this administration."

A spokesperson for the United States Secret Service told CNN, "We are aware of the comments and take all threats against our protectees seriously."

CNN has reached out to Parler for comment.

Wood is an attorney who focuses on civil litigation and has experience in First Amendment and defamation litigation, according to his website. He represented Kentucky high school student Nicholas Sandmann, who settled a lawsuitwith CNN after being at the center of a viral video controversy.

Wood is also chairman and CEO of #FightBack, which raised $2 million cash bail for Kyle Rittenhouse, who has been ordered to stand trial in the fatal shooting of two men and wounding another in August during protests in Kenosha, Wisconsin, and is currently represented by attorney Mark Richards.

Wood was permanently banned from Twitter this week after promoting the riots at the US Capitol on Wednesday, according to BuzzFeed News. Wood was at first temporarily suspended for a tweet that incited violence, and then permanently banned after Wood said he would begin posting from another account, according to BuzzFeed.

Amazon will remove Parler from its cloud hosting service, Amazon Web Services, on Sunday evening, effectively kicking it off of the public Internet after mounting pressure from the public and Amazon employees. The decision, which goes into force on Sunday at 11:59 p.m. Pacific time, effectively shuts down Parler's website until it can find a new Web hosting provider. BuzzFeed News was first to report the move.

Parler was recently removed from the Google Play Store and the Apple App Store. Google told CNN it was aware of "continued posting in the Parler app that seeks to incite ongoing violence in the US," and that its app store requires "apps implement robust moderation for egregious content." Apple told CNN in a statement that Parler had not taken "adequate measures to address the proliferation of these threats to people's safety."

The platform has billed itself as a free speech alternative in order to attract conservatives who say larger platforms are censoring their views.

The suspension of Parler from the Google Play store came the same day Twitter banned Trump's @realDonaldTrump account from its platform, "due to the risk of further incitement of violence." The suspension came after Trump incited a mob that rioted at the US Capitol and left five people dead.

CORRECTION AND UPDATE: An earlier version of this story incorrectly identified Lin Wood as an attorney for Kyle Rittenhouse in a Wisconsin criminal case. Rittenhouse's attorney is Mark Richards. The story has also been updated with more information about Wood's effort to raise money for Rittenhouse.

The-CNN-Wire & 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved.

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$150 billion wiped off cryptocurrency market in 24 hours as bitcoin pulls back – CNBC

GUANGZHOU, China Bitcoin and other digital coins tanked on Monday, wiping some $150 billion off the cryptocurrency market.

The market capitalization or value of the cryptocurrency market was $931 billion around 6:00 p.m. ET, down from $1.08 trillion a day earlier, according to Coinmarketcap.

Bitcoin, the largest cryptocurrency, fell over 10% from a day earlier to $34,200, according to Coin Metrics data. It earlier sank to an intraday low of $30,863. Ether, the second-largest cryptocurrency, was down 15% to $1,060. It briefly tumbled below $1,000, hitting an intraday low of $945.

The sell-off in cryptocurrencies comes after a huge rally and perhaps signals some profit-taking from investors. Bitcoin is still up over 300% in the last 12 months and last week hit an all-time high just below $42,000.

"The correction we saw was expected as we believe the BTC price surge recently from under $20,000 to $40,000 in the past four weeks will induce sell pressure," said Simons Chen, executive director of investment and trading at cryptocurrencyfinancialservices firmBabel Finance.

The $40,000 mark could have been a trigger for profit-taking, Chen said.

Bitcoin's resurgence has been attributed to a number of factors includingmore buying from large institutional investors.

And it has also been likened to "digital gold," a potential safe-haven asset and a hedge against inflation. In a recent research note,JPMorgan said bitcoin could hit $146,000in the long term as it competes with gold as an "alternative" currency.The investment bank's strategists noted, however, that bitcoin would have to become substantially less volatile to reach this price. Bitcoin is known for wild price swings.

But some bitcoin critics such as David Rosenberg, economist and strategist at Rosenberg Research have called bitcoin a bubble.

Long-term bullishness around bitcoin remains however.

Jehan Chu, founder of cryptocurrency-focused venture capital and trading firm Kenetic Capital, said the pullback in bitcoin could be a buying opportunity for new investors.

"This short term correction is both natural and needed, and is a great entry point for long-term investors as we quickly reach $50k this quarter and $100k by year's end," Chu told CNBC.

Last week, Social Capital's Chamath Palihapitiya said bitcoin could go above six digits.

"It's probably going to $100,000, then $150,000, then $200,000," Palihapitiya told CNBC's "Halftime Report." "In what period? I don't know. [Maybe] five or 10 years, but it's going there."

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$150 billion wiped off cryptocurrency market in 24 hours as bitcoin pulls back - CNBC

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What is bitcoin and why are so many people looking to buy it? – The Guardian

What is bitcoin?

Bitcoin is a type of digital currency that emerged after the 2008 financial crisis. It allows people to bypass banks and traditional payment methods. It has become the most prominent among thousands of so-called cryptocurrencies.

It relies on blockchain technology, which is a shared database of transactions, with entries that must be confirmed and encrypted. The network is secured by individuals called miners who use high-powered computers to verify transactions, with bitcoins offered as a reward. There are more than 18m in existence, and the mathematical system controlling the generation of new bitcoins which is decentralised and therefore has no overarching institution such as a central bank has a hardwired maximum of 21m coins.

There are several currency exchanges where consumers can swap traditional fiat money backed by governments for cryptocurrencies, which must be stored using a digital wallet. Some of the biggest exchanges include Bitstamp, Coinbase and Gemini. However, finance firms have also created new investment products based on bitcoin and other cryptocurrencies, such as contracts for difference, which are used to track the value of an asset without needing to directly own it.

There are problems when it comes to using bitcoin as a currency, with many people simply owning it as a speculative investment instead, given its tendency for extreme swings in value.

Within the space of a single hour on Monday alone, its value fell by about $3,000 (2,230), then rose again by about $2,000. This makes it almost impossible to put a reliable price on goods and services.

Instead, there are ways to pay using applications such as BitPay, which converts bitcoin funds in a digital wallet to pay for goods in traditional currencies used by retailers. Transactions are growing, more so online than in physical shops, with firms including Microsoft, Lush and Expedia accepting payments. The first-ever bitcoin transaction was made in 2010, when a Florida man paid a British man 10,000 bitcoins to order him two Papa Johns pizzas. Today that would be worth more than $300m.

The City regulator is concerned crypto investment firms could be overstating potential payouts, or understating the risks, from investing in bitcoin and products related to the digital currency.

As a newer and relatively lightly regulated market, consumers are unlikely to have access to state-backed compensation if something goes wrong. There has also been a boom in bitcoin scams.

There are three main factors influencing the bitcoin price. First, the media frenzy over its boom in value, drawing in new buyers looking to make money. Second, more traditional finance firms are investing in the market. And finally, comparisons between bitcoin and gold, which fit with trends in the global economy.

The development of Covid-19 vaccines could enable a swift economic recovery from the pandemic, at a time when governments and central banks are still providing vast amounts of emergency support which could trigger a burst of inflation. Some investors view bitcoin as a store of value, similar to gold, which can hold its worth during times of economic stress or rising inflation.

Bitcoins value is almost entirely defined by perceptions. Some economists believe it is entirely worthless. However, analysts at JP Morgan have said it could hit $146,000 if it became as established as gold for investors. However, to match this reputation built up over millennia as a thing worth owning, with otherwise little intrinsic value it would need to become much less volatile.

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What is bitcoin and why are so many people looking to buy it? - The Guardian

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Bitcoin Bull Run: OGs on Why This Ones Different – Yahoo Finance

Think back to 2017. Crypto was everywhere. The celebrities hawking ICOs included DJ Khaled, Floyd Crypto Mayweather and longtime blockchain enthusiast Paris Hilton. The most watched comedy on television, Big Bang Theory, named an episode The Bitcoin Entanglement. Long Island Iced Tea made the worlds most natural pivot, rebranding itself as Long Blockchain Corp. (The stock jumped 200%.)

And now? Crickets. Even though the price of bitcoin seems to break a new record every five minutes, erupting from $4K to $40K in less than a year, for some reason this bull run feels different not as mainstream, not as talked about, not as Paris Hilton-y.

So is it really different? There are many ways to measure a bull cycle. The most obvious is by looking at the price, another is to look at things like the frequency of bitcoin in Google searches and a third is to evaluate the technical and fundamental metrics smart analyses from the Nic Carters and Willy Woos of the world.

Related: As Bitcoin Regains Lost Ground, Options Traders Bet on $52K Move By Late January

But then theres the qualitative side. I wanted to find out how the bull run looks how it feels from the perspective of OG bitcoin hodlers. And if this cycle is different, why? And where are we headed?

Lets start with the kid.

When Erik Finman was 12 years old, his older brother took him to a very chill protest in Washington, D.C. This was in 2011. Finman happened to notice a guy wearing an orange shirt that had a big B in the middle.

Whats that? the 12-year-old asked.

Related: Eye-Popping Projection for $3T Crypto Market Underpins Bakkt Deal

Its bitcoin, man. Its going to end Wall Street, bro.

So the 12-year-old looked into this bitcoin thing. He grew curious, and so did his older brother. His grandmother had just given him $1,000. (She thought she didnt have much longer to live, so she gave checks to all of her grandchildren.) He tried to give it back. His grandma wouldnt take it. The check was supposed to go for a scholarship fund but instead the kid used it to buy bitcoin. The price of each coin was around $10, so he bought 100 bitcoin. Thanks, Grandma. (Happily, her health improved. Shes actually my only living grandparent now, says Finman.)

Story continues

See also: Jeff Wilser Cathie Wood: Ahead of the Curve

Bitcoin became an obsession, Finman remembers. While the rest of his friends were into Call of Duty or Pokemon, the 12-year-old hustled to get more BTC, texting with strangers to buy and sell. I felt like a Wall Street broker. He would eventually cobble together over 400 bitcoin.

You know those dot-com wunderkinds who drop out of college? Thats nothing. When Finman was 15 he dropped out of high school. Since then he helped start the crypto payments company Metal Pay, built a real-life Dr. Octopus suit (inspired by Spider-Man), and launched a satellite with Taylor Swift. (Its easy to connect with T Swift, says Finman. IMDBPro lists everyones agent; its only $30 per month, and the agents check their email.)

During the frenzied 2017 bull run, the media couldnt get enough of the Teenage Bitcoin Millionaire. The Guardian photographed him sprawled over a pile of cash, wearing sunglasses, a hundred-dollar bill sticking out of his mouth. GQ covered his streetware. But guess who also consumes the media? Hackers. They spotted a rich target and came for his digital gold. I was sick to my stomach, says Finman. I got emails that threatened to kill me if I didnt give them bitcoin. They also threatened his parents, even mentioning them by name along with their work addresses.

I was terrified to walk on the sidewalk, Finman remembers. He had insomnia for days. The worst of it came on Aug. 21, 2017 the day of the eclipse. Hackers knew that everyone would be staring at the sun and away from their computers, so they chose that precise moment to pounce. Erik watched the eclipse like the rest of the world but he happened to get tired of it a little early,. He returned to his computer to see crazy flickering and movements on his screen. Oh s**t, he said to himself, and somehow he booted them from his system just in time. (Amazingly, he didnt lose any crypto to hacks, but says his email and Twitter were compromised for months.)

And now, his life in the current bull run? There are no calls from GQ. No fawning from The Guardian. Finman has a theory for why this cycle feels so under the radar: The cultural space that was once occupied by crypto is now gobbled up by politics and the coronavirus pandemic.

[Donald] Trump gets more clicks than crypto, says Finman. He thinks of the earlier bull run of 2013 as a golden era, not just because of the wealth creation but because you could talk about things other than politics. Back in the day, cool young people were doing cool things, and building cool s**t. I feel like that has been lost.

He misses going to parties and talking about new apps and crypto, instead of Trump and pandemics. Maybe [President-elect Joe] Bidens not as interesting as a person and hell get less clicks, says Finman. Maybe bitcoin is more interesting than Joe Biden.

Finman and I spoke weeks before the mob of Trump supporters invaded the Capitol, but that wrenching day of Jan. 6 seemed to encapsulate his point. While most of the nation watched, horrified, as chaos engulfed the nations capital, which perhaps said something dark about America, the price of bitcoin surged another 10%. This is perhaps the great irony of blockchain in 2020 and 2021: the raucous celebrating of bitcoin, juxtaposed against so much real-world suffering (nearly 2 million deaths from the coronavirus) can seem tone-deaf.

As much of the world grieves for the dead, struggles to pay rent or simply tries to make it through the drudgery of quarantine, many of the bitcoin bulls whistle a different tune. 2020 was an excellent year! tweets a cheerful crypto investor. Another gushes that 2020 was a hell of a year. Ive never seen a market like it and Im fortunate to have closed it on a high note Not only did I finish at all-time highs, but #Bitcoin has finally given me a clarity that Ive been seeking for awhile. 2021 should be special.

Erik Voorhees, the CEO of ShapeShift, has also been around since near the beginning. He takes us down memory lane. In 2011, the price hit $31, then the bubble popped and it would crater to $2. These were dark days for bitcoin. Everyone who was skeptical had every reason to believe that it was over, remembers Voorhees. All the people hating on bitcoin had a field day for months and months. The next bull cycle wouldnt come for another two years, in 2013, when the price again cracked $31. Voorhees remembers giving a talk at New York University with Charlie Shrem, and during the talk the price pumped $5 as they celebrated. All of the students thought we were a little weird.

Voorhees has a contrarian take. It mostly feels the same, he says. When you go through several seasons of this market, it feels the same. You have this crazy bubble and then a period of denial after the bubble and then a dark bear market for a while and then a period of stabilization and then another period of growth. That cycle feels very natural to me. Voorhees says you cant predict how high it will get or when it will crash, but the overarching patterns feel consistent and predictable.

But does the actual price history bear this out? Lets go to the graphs. When you first look at a chart that displays the history of bitcoins price, these patterns are hard to spot. It looks like bitcoin is worth peanuts for years, then you see the to-the-moon bull run of 2017 then the crash and now today. Many traders look at it differently. They switch the scale of the chart to logarithmic, which basically plots the percentage change of the price.

For example, a jump in price from $1 to $1.1 is a 10% gain, just as a jump from $10,000 to $11,000 is a 10% gain. Both of those jumps would give an investor the same rate of return, so theyre displayed the same on the graph. And when you switch the chart to logarithmic, suddenly you do see the patterns. In fact, its easy to see. You see the bull and the bust cycles that repeat several times over the last decade, and you see that each time bitcoin crashes the new level is higher than the prior cycle. Looked through this prism, $40K prices look less like wild, uncharted territory and more like the smooth continuation of a decade-long trend. (If you squint.)

As for why we dont see the same breathless media coverage and why bitcoin is not in the larger cultural conversation? Thats a simple answer, says Voorhees, and then adds a slab of juicy red meat for the bitcoin bulls: Were not in the real bubble yet. His logic is that, yes, bitcoin has surpassed its previous ATH, but while everyone in crypto is freaking out and excited, because theyre like, Yes, were back! and while it prompts daily articles from CoinDesk on each new tick upwards (such as $27K, $28K, $29K) this is not yet interesting enough to curry much mainstream fascination.

A more useful and accurate time comparison for where we are in the current bull cycle, says Voorhees, is not the frothy top of December 2017, when bitcoin flirted with $20K and when the FOMO lured in bitcoin newbies. (Full disclosure: I was one of these newbs, and I bought bitcoin near the top that I still HODL.) Voorhees says a better comparison for where we are is February of 2017, when bitcoin had once again breached $1,000 after three years of wallowing in the triple-digits and established what was then a new ATH.

Follow the logic further. Its not yet interesting to the mainstream. The super mainstream interest occurs at the tail-end of the bubble. As for when that will happen? When we approach $100 grand, thats when youll see it all over the place. And that means [well be] in the latter stages of the cycle. Voorhees guesses that the current cycle will take bitcoin somewhere between $100k and $300k, and that this will occur between six and 12 months from now, and then the bubble will pop, and it will crash down over the next year, probably back below $100k, and probably never below $20K.

My personal theory: In the last bull run, there was still the widespread hope that we could use bitcoin as a way to buy a proverbial cup of coffee. This made bitcoin easy to understand. This made it easy to talk about. The How to Use Bitcoin! story was catnip for mainstream publications, offering easy hooks for pieces like Business Insiders I spent a day trying to pay for things with bitcoin and a bar of gold. But widespread merchant adoption never happened. Those stories faded. The mainstream lost interest and the actual use case of bitcoin is now trickier to convey. A hedge against inflation, as rampant monetary easing dilutes the dollar! is a tough bumper sticker.

Something else is different now. Back in 2017, much of the nation still had never heard of bitcoin, which made it easy for the producers of ABC News, say, to green-light a segment like What is bitcoin, the worlds most popular cryptocurrency? Segments like this were everywhere. The Today Show asked, What is cryptocurrency, and should you risk your money with it?. Now those explainer videos have already been done. That ABC producer would likely ask, Didnt we already run this story? Old news. Pass.

The peak of 2017-18s news coverage came in The New York Times Everyones Getting Hilariously Rich and Youre Not. The top image of that article featured two crypto bros one wearing a Bitcoin sweater, one wearing an Ethereum Sweater, which, it must be said, is tougher on the eyes than the Ugliest Christmas Sweater. I reached out to the Ethereum Sweater Guy, whose name is Mathieu Baril (whos now Operations Lead at DerivaDEX, a crypto exchange), to see whats changed between now and then.

The 2017 euphoria was strange, Baril remembers, as the San Francisco meet-ups became a bit more crazy and full of those trying to get rich quick. At one 2017 meet-up, Baril says, some people were walking next to Pieter Wuille and didnt even know he was a core dev. Baril says that while hes now seeing that same kind of get-rich-quick euphoria with decentralized finance (DeFi), the bitcoin run itself feels less hype-y, more solid.

To those following the space closely, the drivers of the bull run are now well understood: an influx of institutional capital (such as MicroStrategys trove of over 70,000 BTC), growing optimism from traditional finance (like JPMorgan floating a price of $146K), and a grudging appreciation for bitcoin as digital gold that can hedge against inflation.

This bull run was catalyzed by COVID, says Jill Carlson, principal of Slow Ventures and a CoinDesk columnist. Over 20% of all U.S. dollars were created in 2020. This staggering statistic rightly has asset managers fearing inflation and turning to bitcoin.

That institutional capital didnt just appear by magic. It took years of behind-the-scenes work. The secret engine of this bull run could have something to do with an obscure bit of paperwork called an SOC 2 audit, says Moe Adham, co-founder of Bitaccess, a Canadian startup. SOC stands for System and Organization Controls, and while it might lack the sex appeal of The Big Bang Theory or a 2017-era Jamie Foxx-backed ICO, it could have a more enduring impact.

In the last bull run of 2017, says Adham, it was extremely difficult, if not impossible, for listed companies and institutions to actually invest in bitcoin and carry that balance over a years-end, and satisfy a financial audit. Its one thing for you or me to scoop up some bitcoin on an exchange, but Adham says that a listed company (such as Square) needs a more buttoned-up custodian that can withstand the rigors of an SOC 2 audit.

For the last few years, the rise of institutional custodians such as BitGo, Gemini and Coinbase have quietly built out the pipes and plumbing to make these kinds of SOC audits doable. From a regulatory and compliance perspective, Bitgo has been hammering away at this problem for a very long time, says Mike Belshe, CEO of BitGo. Were a regulated institution. Anybody outside of our walls thats regulated needs to work with regulated parties, so now theyve got partners that they can work with.

Jill Carlson agrees with those who say that this bull run feels different. That institutional money will be stickier and have a stronger hand, she says, adding that it will open the door for even more institutional money to pour in. Unlike in 2017, Carlson notes, the bulk of the incoming funds are for the (relatively) more proven assets of Bitcoin and Ethereum, as compared to the rampant gambling on the more exotic blockchain projects that lured speculators with visions of 100X returns, many of which have gone bust.

The idea of institutional strong hands makes sense. Dovey Wan, founding partner of Primitive Ventures, says wealthy individuals who allocate only a small slice of their pie to bitcoin are able to outlast the inevitable dips in price, whereas the weaker hands dont have that luxury. If you have a small net worth, you cant HODL a large percentage of bitcoin due to price volatility, explains Wan. Or as she once posted on Weibo, Plebs buy to sell, chads buy to buy more.

While Wan (whos based in Hong Kong) agrees this is a fundamentally different bull market than in 2013 and 2017, she notes that its not perceived the same way around the globe. China still has a more bearish view. Most Chinese traders and crypto people have not been following the institutional influx from the West closely, and domestically crypto sentiment has always been more bearish due to local regulatory stiffening, explains Wan, such as the regulators cracking down on exchanges and mining, or the imprisonment of Chinese exchange founders like Star Xu.

Wan says the difference in crypto sentiment between the East and West is so stark, a savvy trader can make easy money by shorting bitcoin during Chinas daytime and going long bitcoin during the U.S. daytime. Its a simple straight alpha strategy since 2018.

Marshall Hayner started mining bitcoin on the original 2008 MacBook Pro, which fried his laptop. When he brought it into the Apple repair shop, the guys laughed at him for mining bitcoin, which they had never heard of. Trading was tough. There was no CoinBase or Binance or even a Mt. Gox. Back then they bartered with bitcoin for things like T-shirts, socks and Visa gift cards ironic, given bitcoins anti-bank ethos. I just wanted to prove to myself, does this really work? says Hayner. They traded in forums and chat rooms. The goal was not to make money, but to experiment and play.

In 2010, Hayner had scooped up enough bitcoin that he remembers thinking, If this thing ever goes to $20, Ill be a millionaire. When it did finally hit $20 he happened to arrive in Belize for a vacation with his girlfriend. Practically as soon as the plane landed he told his girlfriend that he needed to leave because he had to go back home and access the hardware wallet on his computer to sell crypto. She wasnt thrilled. So he raced back home to Boston, desperate to cash out and get rich but while he was on his flight the price plunged 90%, back to $2. The good news is he would eventually become a millionaire, the bad news is the girlfriend didnt last.

Then came the 2013-14 bull run, when bitcoin shot from $13 to $1,000 in just under a year. 2013 was the moment when it actually proved to have real commodity value, says Hayner, whos now the CEO of Metal Pay (he launched it with Erik Finman, the Teenage Bitcoin Millionaire.) Banks in Greece and Cyprus failed. ATMs ran out of money. Europeans were hungry for an alternative to fiat. This wasnt just speculation or FOMO people bought bitcoin to use it. Incremental demand for bitcoin is coming from the geographic areas most affected by the Cypriot financial crisis individuals in countries like Greece or Spain, worried that they will be next to feel the threat of deposit taxes, one fintech analyst wrote at the time.

If 2013 was driven by Greek and Cyprus demand and 2017 driven by retail speculation (or hype and FOMO), what does that mean for today? 2020 is the year where most people have heard about bitcoin, and most people have heard about cryptocurrency, Hayner reasons, so theyre investing with eyes wide open. This time around, almost everyone knows what this is.

If everyone knows what bitcoin is, that might explain why the Google search results arent anywhere near the booming heyday of December 2017. But that could be changing. Just a month ago, when I began researching this article, searches for bitcoin were only about 20% of that December peak. Now its climbing. Just in the past week, as the price of bitcoin shattered records by the hour, the searches more than doubled. This gives some ammo to Voorhees theory: The public will catch up if the price keeps rocketing.

Anecdotally, it does seem like the pace of bitcoin chit-chat has started to pick up. Im now getting texts from buddies asking how to buy crypto, which hasnt happened since early 2018. And now we see sentiments like this: Helped my 81-year-old grandmother put her $600 stimulus check in bitcoin yesterday, one user tweeted on Jan. 6. She gave me instructions to distribute it between her children in the case of her death. Her mother lived to 101. Personally helping mint a new hodler every week as of late.

I spoke with one last old-school bitcoiner to get some perspective. Ive lost count, but Ive been through seven or eight of these bull cycles, says Charlie Shrem, the founder of the early (and now legendarily defunct) exchange BitInstant, and who perhaps more than anyone has seen both the peaks (easy millions) and valleys (jail time) of crypto, and who is now hosting the podcast Untold Stories, chronicling the history of bitcoin. $1 to $10, $10 to $100, $100 to $1,000, and now $10,000 to maybe $100,000, or plus, says Shrem, almost nostalgically. This one was inevitable.

Shrem suspects the bitcoin price is filling itself out, in the same way that an air mattress needs to be filled before it can support your weight. In other words, if bitcoin is to actually be the relevant currency that its advocates envision, then the price almost must rise and keep on rising, just as an air mattress needs to be filled. Otherwise it wont do what its supposed to do. (He acknowledges its also possible that it goes to zero.)

I think bitcoin wants to be a six-figure number, says Shrem. And I think people who own bitcoin now want to see the value of one bitcoin be a six-figure number. Itd be tough to find a bitcoin owner who would disagree, but then again every owner of shares in Pets.com (a poster-child disaster from the dot-com era) wanted to see it go to the moon.

Shrem, like nearly everyone who spoke to me, says that this one really does feel different. For the prior bull cycles, even for the crypto-optimists, he says there was always an undercurrent of anxiety as the price ascended, like watching a rocket ship that takes off, and every time theres a 30% chance that something will go wrong. Now he doesnt feel that anxiety. He sees less of the FOMO, less of the hype, less of the greed. I dont see anyone talking about Lambos on Twitter, says Shrem.

Then again, as one crypto enthusiast tweets, Lambo bro, Bitcoin to the moon bro.

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Bitcoin Plunges More Than 25%, Which Is Bad News For These Stocks Today – Motley Fool

What happened

The world's largest cryptocurrency is bitcoin, and its price is plunging. Bitcoin tokens nearly reached a price of $42,000 late last week. But on Monday, bitcoin briefly dipped below $31,000 -- more than a 25% drop in a matter of days.

As might be expected, any stock that has anything to do with bitcoin specifically or cryptocurrencies in general is down today. Several stocks are down by more than 20% as investors take profits off the table following a great run.

Among the hardest hit cryptocurrency stocks today are bitcoin miners like Marathon Patent Group (NASDAQ:MARA), Riot Blockchain (NASDAQ:RIOT), Bit Digital (NASDAQ:BTBT), and CleanSpark (NASDAQ:CLSK) which were down 10%, 13%, 25%, and 4% respectively as of 1:30 p.m. EST.

Image source: Getty Images.

While I don't know for sure, it's possible an article from British newspaper The Times sparked the bitcoin crash.According to that article, people won't be able to transfer profits out of cryptocurrency exchanges and into their HSBC bank accounts. If you're buying bitcoin and alt-coins as an investment, you're assuming you'll be able to realize those gains in fiat currency someday. But if HSBC can block transfers, could other banks make similar announcements? It seems the possibility is sparking a panicked rush for the exits from bitcoin.

Operational businesses like Marathon Patent Group, Riot Blockchain, Bit Digital, and CleanSpark are engaged in providing computing power to the bitcoin blockchain network and they generate revenue in bitcoin. So if bitcoin's value relative to fiat currency drops, then revenue for miners is worth less in the real world, explaining the drops in these stocks.

However, bitcoin mining stocks are probably among the most pumped small-cap stocks in this space as well. Many of these are multi-bagger stocks in a matter of weeks, and their trading volume is rivaling that of large-cap stocks. The implication is they're firmly controlled by traders with short-term interests.

RIOT data by YCharts

Generally speaking, if short-term traders have bid these stocks up, it's not surprising to see them fall with the first sign that the party is over. There wasn't any company-specific news from Marathon or Riot Blockchain to explain their drops, other than the price of bitcoin. CleanSpark was giving a virtual roadshow, but the stock fell long before it started -- nothing bad happened at the roadshow to explain why the stock is down.

As of this writing, Bit Digital's website was down, according to Isitdownrightnow.com. So it's unclear whether this bitcoin miner (which until recently was a car-rental business) has news relevant to shareholders. By the way, if it sounds crazy that a car rental company turned to bitcoin mining, wait until you meet Future FinTech Group (NASDAQ:FTFT), a former fruit juice company that's now developing blockchain technology for e-commerce. Both companies do business in China.

Future FinTech Group owns 60% of DCON DigiPay Limited, which operates in Japan. According to news released today by the company, DCON DigiPay Limited has completed work on a product that will allow e-commerce platforms to accept bitcoin as a form of payment. Since Future FinTech Group has e-commerce sites in China, this technology could likely be integrated quickly. It's the kind of news that would typically send a stock like this flying. But since bitcoin is down and hype is muted today, Future FinTech stock was down 16% despite its press release.

Image source: Getty Images.

So what if more banks start blocking transfers from cryptocurrency exchanges? If bitcoin remains a popular investment, then that might be good news for Grayscale Bitcoin Trust (OTC:GBTC), even though it's down 14% today. The fund trades over the counter, but holds bitcoin. The idea is it allows people to invest in bitcoin through their traditional stock brokerage accounts.

According to the fund's website, the current value of its bitcoin assets is significantly less than the price of shares. This of course seems illogical -- why would you pay more for shares of a fund than the underlying bitcoin is worth? But it shows there's demand for this investment vehicle. Not everyone wants to set up an account with a cryptocurrency exchange in order to own bitcoin directly, leaving Grayscale Bitcoin Trust as one of the only options.

If more banks block transfers, then investing through cryptocurrency exchanges would become less attractive. Therefore, it's possible there could be more demand for Grayscale Bitcoin Trust. However, the fund's value is still tied to the price of bitcoin. So investors must do research to form an opinion on where bitcoin is headed and whether this fund (with its associated fees) is something that fits their needs.

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From tech to bitcoin, long-time bull Ed Yardeni worries a meltdown will strike the market – CNBC

Edward Yardeni is concerned the market will get smoked.

The long-time bull, who spent decades running investment strategy for firms including Prudential and Deutsche Bank,is comparing Wall Street euphoria to the height of the dot-com bubble in 1999.

"The Nasdaq from late 1998 to early 2000 went up over 200%. Now, we're up almost 100%, and we may very well be on that same track," the Yardeni Research president told CNBC's "Trading Nation" on Friday. "Everything I'm looking at points to a melt-up."

The tech-heavy Nasdaq closed the week at a record high of 13,201.97. Yardeni is also highlighting bitcoin's meteoric rise as an example of extreme frothiness. It was up 36% in the first five trading days of the year and is above 300% over the past six months.

"It's just part of the bull market in everything," he said. "It's very important whether you're in or not in bitcoin to just stare at the chart, and realize when it's going straight up it's certainly a sign of exuberance, of speculative excess."

Despite his warning, Yardeni isn't sounding the alarm yet. He's optimistic on the economic recovery due to coronavirus vaccines and the fiscal and monetary landscape.

"The first half of this year, the blue wave will probably continue to be bullish," he noted. "We're going to get more government spending. We're going to have the Federal Reserve front a lot of that government spending through quantitative easing. I think interest rates will remain pretty low."

Plus, Yardeni believes widespread distribution of the coronavirus vaccine later this year will help normalize the economy in the final six months of 2021.

But that's where his forecast gets cautious. A booming economy, according to Yardeni, will lead to inflation risks due to the massive amounts of stimulus and demand increases.

"In the second half of the year, we may be on the lookout for some consumer price inflation which would not be good for overvalued assets," he said.

According to Yardeni, the Fed may also be challenged to keep the benchmark 10-year Treasury Note yield around 1%.

"We do see upward pressure on the bond yield. I think at some point the Fed says 'Maybe bond yields should be higher since the economy is doing well,'" said Yardeni.

For now, Yardeni is closely watching fundamentals and market indicators. He hopes they disprove his market melt-up thesis because they typically end in meltdowns.

"This market keeps stampeding ahead of my forecasts," Yardeni said. "I hope we get to 4,300, my S&P 500 [year-end] target, in a leisurely fashion."

On Friday, the S&P 500 index closed at an all-time highs of 3,824.68.

Disclaimer

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