Jim Cramer do amerykańskiego zwycięzcy loterii: Umieść 5% z $731.1 Million Jackpot w Bitcoin

W ostatni czwartek (21 stycznia), były menedżer funduszu hedgingowego Jim Cramer, gospodarz programu CNBC „Mad Money w/ Jim Cramer“, dał kilka ciekawych rad właścicielowi (właścicielom) zwycięskiego losu Powerball, który jest wart 731,1 mln dolarów.

Powerball to „amerykańska gra loteryjna oferowana przez 45 stanów, Dystrykt Kolumbii, Puerto Rico i Wyspy Dziewicze Stanów Zjednoczonych“. Jest „koordynowana przez Multi-State Lottery Association (MUSL), organizację non-profit powstałą w wyniku porozumienia z lobbystami i amerykańskimi korporacjami.“ Od 7 października 2015 r., Powerball „używał matrycy 5/69 (białe kule) + 1/26 (Powerballs), z której wybierane są zwycięskie numery, co daje szanse 1 na 292 201 338 na wygranie jackpota na grę.“

W ostatni czwartek (21 stycznia), CNBC poinformował, że po „rośnie na cztery miesiące bez wielkiego zwycięzcy“, główna nagroda została wygrana na 20 stycznia i że zwycięski bilet loterii został zakupiony w stanie Maryland, który pozwala zwycięzcy pozostać anonimowy i daje im sześć miesięcy, aby twierdzić, ich jackpota.

Później, że dzień, według CNBC, Cramer, który jest również co-anchor CNBC „Squawk na ulicy“,

jak również współzałożyciel finansowej strony internetowej wiadomości TheStreet, oferowane niektóre porady inwestycyjne do właściciela $ 731.1 mln zwycięskiego biletu:

„Jeśli jesteś już bogaty, musisz martwić się o inflację w ten sam sposób Superman martwi się o Kryptonite, ponieważ jest to jedyna rzecz, która może naprawdę zetrzeć cię. Biorąc pod uwagę, że w tym kraju wydajemy jak pijani marynarze, może to być problem. Co więc zachowuje wartość w okresie hiperinflacji? Możesz o tym nie wiedzieć, ale są to metale szlachetne, nieruchomości i wielka sztuka…

„Gdybym wygrał na loterii, to faktycznie uderzyłbym do takiego miejsca jak Sotheby’s i wziąłbym Picassa, Cézanne’a, … Jackson Pollock jest w porządku… Jeśli chodzi o nieruchomości, to Sotheby’s ma kilka doskonale wyglądających miejsc… Chodzi o to, że kupują ubezpieczenie przed hiperinflacją…

„Jeśli chodzi o złoto, to tak, 5% wygranej w kruszec. Nie przechowuj tego miliarda w domu. Umieść je w skrytkach depozytowych w różnych bankach, nic prawie nie wysyłając części za granicę. I wiesz co? Jeśli wygrałeś na loterii, śmiało tak, więc powiem to, 5% w Bitcoin. Nie kupuj wszystkiego na raz. Crypto może być niewiarygodnie zmienne. Nie kupuj w weekend, ale to ważny nowy magazyn wartości.“

Why the bitcoin exchange rate is relevant

The Bitcoin price accounts for a large part of the public attention. Rightly so, because the price combines all available information on the market and gives an indication of the fundamental value of BTC.

The development of the Bitcoin price is already enormous. In the first two weeks of the new year alone, the price of the cryptocurrency rose by up to 40 percent above the closing level of the previous year. The current high for the year is 41,880 US dollars (USD).

The Bitcoin price trend in US dollars Ethereum Code in the monthly chart.

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At BTC-ECHO, we also deal with the price trend in the market update on a daily basis. But why do people keep talking about price?

Markets and prices
In the interplay of supply and demand, the price plays a decisive role. One could say that the price of an asset reflects the essence of what the market considers to be an appropriate price. Expectations about future value, the availability of the asset, the news situation, the information available and the overall economic situation all play a role.

Markets then bring buyers and sellers together and where supply and demand meet, a price is created. So we can say that the price discovery mechanism is exactly what markets do: they give goods a fair price according to all available information in the market.

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Pricing and bitcoin
So what is a fair value for bitcoin? This is a question that every market participant would probably answer differently. For some, Bitcoin is a digital substitute for gold – and should therefore be worth at least as much.

This is exactly why markets are volatile. For one, BTC was clearly overvalued at USD 40,000, which is probably why people sold there. For the other, BTC is still fairly valued even at USD 100,000, so they will also buy at USD 40,000. If the majority of market participants conclude that the current level is too high, the price falls because more sell orders are placed than buy orders – and vice versa.

In the end, it comes down to what benefit the totality of market participants see in Bitcoin. And with a new asset (remember: Bitcoin is only twelve years old), the road to establishment can be bumpy. Looking at the volatility, one can only conclude that the market is having some difficulty developing a fair value for Bitcoin. In other words, market participants disagree about what Bitcoin actually is and how much the asset is ultimately worth.

But volatility is falling. While in past cycles price adjustments of 30-40 percent were the order of the day, these days volatility (shown here in red), measured by the standard deviation of the price, is around 19 percent.

Bitcoin volatility (red graph) and price (blue graph). Source: https://charts.woobull.com/bitcoin-volatility/
This is probably due not least to the fact that more and more professional players are entering the market with MicroStrategy, Square and derivatives such as Bakkt futures and Bitcoin warrants. This increases its efficiency and takes away its volatility.

The price trend is the most important signal for Bitcoin’s adaptation. In principle, the Bitcoin price is enough to determine where the market has reached. Therefore, the price trend rightly deserves a lot of attention.

Underpayment and allegations of racism at Coinbase

Underpayment and allegations of racism at Coinbase

A New York Times report reveals serious disparities in pay between female and black employees. It’s the next blunder Coinbase has put its foot in. This time, however, the scandal comes at a very inopportune time, as the startup is in the middle of planning its IPO.

In a recently published article, the New York Times reveals accusations by female and black employees who complain about unfair working conditions at Coinbase. According to the report, women and people of colour are paid less than their male, white colleagues. The report is based on analyses by economist Alexandra Marr, who previously provided analyses for court cases involving wage distortions. Marr examined salary data for 448 employees from 2018, and nine employees who also appeared in the Bitcoin Loophole data validated it using their own figures and those of colleagues they knew.

The analysis at Coinbase found that on average, women were paid $13,000 (8 per cent) less than their male counterparts in comparable job roles and positions. In some cases, there are discrepancies of up to 20 per cent. The analysis roughly distinguished between „manager“, „engineer“ and „non-engineer“. The occupational groups were compared with each other in different hierarchical levels (Level 1 to Level 6). The department investigated at Coinbase had to have at least three female employees. The biggest difference was in the level 1 managers, where female employees had to settle for 20 percent less salary. Level 1 non-engineers had the second largest discrepancy at 18 per cent. Level 3 managers came in third. Male employees there received just over 200,000 US dollars annually, while female colleagues received an annual salary of just under 170,000 US dollars. An inequality of 16 per cent.

In two of the fourteen fields of activity at Coinbase, there was a slight overpayment for female employees. Female Level 1 engineers earned around 7 per cent more than their male colleagues. There was also a two per cent female overpayment at the level 6 manager level.

Black employees paid less – allegations of systematic racism

According to the article, dark-skinned employees were also affected by the unequal pay distribution. 16 black permanent employees appeared in the analysed salary data. They were paid 11,500 US dollars less. That is 7 per cent less than all other employees received. In the process, anonymous reports from black employees also accuse the San Francisco tech startup of systematic racism.

The New York Times reports that one manager made assumptions about a black employee in front of other colleagues about whether he was dealing drugs or carrying a gun. Another dark-skinned employee described a scene from a job interview in which the manager openly told him that he thought black employees were less capable. And another employee reported condescending treatment by her manager towards her and her black colleagues. They were also passed over for promotions in favour of white, less experienced employees.

In a statement, L.J. Brock, Coinbase’s chief people officer, said the company began conducting a comprehensive review of compensation across the company in late 2018.