This February was a hell of a ride! Markets went crazy! 🤯 But we were prepared for these rallies 👌. 

Here’s our media recap for the month of love, Bitcoin, and the Elon Musk effect 📈🚀.

Our experts were sharing their opinions on:

  • Bitcoin rally and predictions 
  • Institutional investments and what they’re bringing for retailers
  • Market analytics
  • CEX.IO news 

Take a look at our media coverage for February 2021 to better understand the perspectives that the crypto world is facing right now.

 

😎 Big players and the future of crypto

2020 was a year packed with noteworthy happenings in the field of digital assets. From the rapid development of CBDCs, to the advancement in regulation and institutional investments. According to our observations, the base of CEX.IO’s corporate clients has significantly grown in 2020. During some periods, the overall turnover from them went up 30% compared to 2019.

5 ways in which 2020 defined the crypto industry 

 

Business intelligence firm MicroStrategy has bought over 71,000 Bitcoin (BTC) for a total of $1.145 billion over the last few months. The value of its crypto investment has surged to more than $3.5 billion amid Bitcoin’s ongoing price rally, but it looks like that’s still not enough for the firm. Considering the stock market situation around MicroStrategy, its shares have grown a lot on the back of Bitcoin’s price growth, said Konstantin Anissimov.

Is MicroStrategy becoming a de facto Bitcoin ETF? Experts disagree 

 

The entire narrative of Bitcoin’s price rally at the moment is based largely on institutional demand. The burning question ergo is – with dropping Grayscale premiums, is there enough institutional demand for Bitcoin’s price rally to continue? Will there be further investment flows into Bitcoin? Konstantin Anissimov believes that institutions aim for long-term deals, which acts as a preventive measure, protecting Bitcoin from crashing in a manner, similar to what we saw in 2018.

What is the future of institutional investments in Bitcoin? 

 

Alternative investment managers have realized the value of tapping into the wealth management market, as investors increasingly turn to private markets and other niche strategies in the search for higher returns. Konstantin Anissimov warned about the volatility of crypto investments.

Investors turn to alternatives in search of illiquidity premium 

 

RBC Capital Market’s report states that Apple shares can jump 25% if they add buying and selling cryptocurrencies. The recent hype around Bitcoin and crypto markets has seen a massive surge in crypto trading volumes. It might also tilt further the balance of legal power in the U.S. Congress in Bitcoin’s favour, according to Konstantin Anissimov.

How companies like Apple can follow Tesla’s Bitcoin investment 

 

A crypto exchange’s technical infrastructure has much in common with traditional exchanges and trading firms. Trading stocks, commodity contracts, cryptocurrencies or any other financial instrument requires basically the same technical solutions and faces very similar problems. However, Dmytro Volkov reveals some notable differences.

What are differences in technical solutions between crypto exchange and traditional exchange? 

 

Analysts expect that the upward trend in cryptocurrency prices will persist. The influx of institutional capital into the digital asset sector will continue, allowing digital currencies to grow in the long term, Chief of Analysis at CEX.IO Broker Yuriy Mazur emphasized.

Press review: US Senators seek to punish Russia and will Zelensky face backlash for TV ban 

 

🎢 Bitcoin rally

The jolt of recent retail interest came after Tesla and SpaceX founder Elon Musk—a high-profile tech celebrity in his own way—relaunched himself as a Bitcoin supporter. In an audio conference call with venture capitalist Andreessen Horowitz and other investors, Mr. Musk called the cryptocurrency “a good thing,” stating that it is standing on the “verge of getting broad acceptance by conventional finance.” Dmytro Volkov matched the bullish sentiment by providing the details of our latest signup statistics.

Bitcoin posts comeback rally on Elon Musk comment; analyst sees ATH 

 

Tesla, a tech company led by well-known crypto enthusiast Elon Musk, has bought $1.5 billion worth of Bitcoin and plans to add support for BTC as a form of payment in the near future, according to its filing with the US Securities and Exchange Commission (SEC). Notably, Konstantin Anissimov predicted the price of Bitcoin to surge to $50,000 at that time.

 

Halfway through the first quarter of 2021, the US dollar has performed fairly better against the booming risk-on sentiment that has witnessed the S&P 500, the Dow Jones, the Nasdaq Composite, and even Bitcoin achieve their respective record highs. Konstantin Anissimov expects institutional investments to become headwinds for another upside price boom.

A look at the US dollar as Bitcoin wobbles around $50,000 

 

🔐 Safety of funds

Forgetting the key to a cryptocurrency wallet has been the reason why people have lost access to billions of USD worth of Bitcoin and other cryptocurrencies to date. The recent case of Stephan Thomas who has forgotten the password to his IronKey hard drive that stores his 7,002 Bitcoin is a good example. In general, it has been found that around 20% of existing Bitcoins are lost due to the loss of a password or a seed phrase for resetting the password for the wallet. Our expert Dmytro Volkov explains how the safety of funds is maintained at CEX.IO and explains how to restore access in case you forgot the password to your crypto wallet.

Losing access to your crypto wallet: dangers and how to not lose your funds? 

 

The recent surge in crypto demand has led exchange firms to apply extra caution in their operations. Reportedly, the rise in the number of new crypto users who wanted to sign-up with one exchange or the other hit its record highest. Dmytro Volkov explains what measures we take at CEX.IO to keep customers’ money safe.

Binance, CEX.IO cautious amidst surge in crypto demand 

 

📢 CEX.IO news 

The recently launched service CEX.IO Loan that has received a license from Gibraltar authorities, sees a big demand. We received loan requests of over $100M. The service is popular among retail customers, though most of the requests came from institutional investors.

 

📊 Market analytics

Okay, Bitcoin is hitting its new ATH almost every single day. But what does it mean and how to stay prepared for future events? Read the market analytics with the participation of our experts and you will stay focused on what’s important.

 

Have you already come up with your own financial plan for this year? Come talk to us on our Telegram channel https://t.me/CEX_IO. Share your opinion and watch the latest news in the crypto world.  

Next month is going to be no less exciting! Stay tuned!

Your CEX.IO Team