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Canada Crypto Asset Exchange Registration (MSB)


Canada Crypto Asset Exchange Registration (MSB)
Canada's most trusted Bitcoin exchange.
Ryan Watkins, a senior research analyst at crypto analysis firm Messari, has speculated that Ethereum could overtake Bitcoin as the largest crypto asset once its Eth2 and Proof-of-Stake overhaul is complete. Appearing on Youtube show FinTech Today on March 18, Watkins noted that while he does not know “if or when” Ethereum will flip Bitcoin, he does believe Ether could emerge as the leading crypto asset in the future, due to Eth2, stating: “The selling point of Bitcoin over Ethereum as a store of value asset boils down its monetary policy being very predictable and the Bitcoin blockchain being very secure. I think that with the shift to Eth2 and to Proof-of-Stake, [...] Ethereum may actually potentially be more secure than Bitcoin.” Watkins also emphasized Ether‘s changing underlying economics amid the Eth2 transition, highlighting expectations that Ethereum’s forthcoming burn mechanism will result in Ether being destroyed at a rate exceeding the creation of new supply. “Ethereum‘s monetary policy will actually change in Eth2 so that it actually won’t just be just be less inflationary than Bitcoin, it would actually be deflationary. So then, every year, there is actually less and less Ether in existence because its being burnt.” He posted the question: If Ethereum is

Samuel Haig 18 minutes ago Bitcoin's price doubled in 75 days — How long until the next 100% leg up? Historical analysis suggests that the amount of time it takes for the Bitcoin price to double may accelerate during this bull run. 827 Total views 14 Total shares Listen to article 0:00 News The price of Bitcoin has doubled in the past 75 days, prompting some analysts to question whether the market is approaching over-extension. However, historical analysis from Bitcoin monitoring team CaseBitcoin suggests the Bitcoin markets could accelerate further, noting that BTCs “doubling time” — the time taken for price to increase by 100% — shrunk down to just 12 days just before the peak of the 2017 bull run. 3/ How low can it get? In 2017, the fastest doubling pace - 12 days - happened on December 7th, nine days before the 3yr peak: pic.twitter.com/CgyIjDBJwU— CaseBitcoin (@case4bitcoin) March 16, 2021 CaseBitcoin notes the fastest doubling time recorded during the current market cycle was on Jan 7th, with BTC surging from $21,000 to $42,000 in just 22 days. The firm suggests there are similarities between January‘s market action and that which occurred during August 2017 — the “middle period of the
The active supply of bitcoin held for shorter periods of time keeps shrinking, according to Arcane Research. Long-term bitcoin (BTC) holders have been adding to their positions over the past 10 months as supply held for shorter time periods has shrunk, based on an analysis of blockchain data by the cryptocurrency market-research firm Arcane. Positive long-term holder behavior could support the broader uptrend in bitcoin, whose prices have nearly doubled this year. “The bitcoin supply last being active in three to five years has grown by 1.5 million BTC since the middle of May 2020. This suggests that long-term holders still accumulate bitcoin, not seeking to sell at these current prices,” according to Arcane Research. The three-to-five-year active supply metric started to decline at the end of previous bull market in 2017 as bitcoins price accelerated towards $19,000. The three-to-five-year active supply is approaching the highs of 2017. Since 2019, the growth of in the three-to-five year active supply indicates confidence among long-term holders. On the flip side, the decline in active supply of the six-month and two-year segments indicate that short-term holders have realized profits during the past years price rally, according to Arcane Research. Chart shows bitcoin active supply over time. Source: Arcane Research
