Professor Daniel Lacalle: Cryptocurrency Becomes Real Alternative Currency

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Sun, 06/21/2020 - 15:14
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Vladislav Sopov
Well-known Spanish economist Professor Daniel Lacalle announced that cryptocurrencies, particularly Bitcoin and Ethereum, are ready for a new challenge.
Professor Daniel Lacalle: Cryptocurrency Becomes Real Alternative Currency
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Top-notch economist Professor Daniel Lacalle, PhD is a seasoned fund manager and author of the bestsellers 'Life in the Financial Markets' and 'Escape from the Central Bank Trap'. He is also a professor of global economics at the IE Business School in Madrid.

From Financial Assets to Real Currency

According to a tweet by Dr. Lacalle, cryptocurrencies are beginning to enter a new stage of progress. Despite being widely treated as one type of many assets, they are ready to accept a more important role.

Prof. Daniel Lacalle supposes that cryptocurrencies are evolving into new alternative currency
Image via Twitter

According to him, cryptocurrencies have started to establish themselves as real alternative currencies. Dr. Lacalle illustrated this announcement by the price performance charts of Bitcoin (BTC) and Ethereum (ETH).

However, Dr. Lacalle foresees rooms for significant growth for influence by the cryptocurrencies segment. One of the most influential modern economists predicts that it is a 'long way to go' for the adoption of digital currencies as a financial instrument.

It should be noted that Dr. Lacalle is a seasoned contributor to CNBC, Bloomberg TV, BBC, Hedgeye, Seeking Alpha, Business Insider, and several other industry-level financial media outlets.

Paradigm Shift

In 2020, several meaningful announcements regarding cryptocurrency recognition have been made by individual within the spheres of 'classic' or 'real-world' economics: investments, trading, regulation etc.

For instance, billionaire Paul Tudor Jones inspired a short Bitcoin (BTC) rally from his CNBC interview. In his interview, he admitted that he invested about 2% of his assets or almost $100M in Bitcoin (BTC).

Just like Dr. Lacalle, PTJ highlighted that Bitcoin (BTC) is a maturating asset: 

Every day that goes by that bitcoin survives, the trust in it will go up

Legendary investor Robert Kiyosaki, author of 'Rich Dad, Poor Dad', has also become into a vocal Bitcoin (BTC) proponent. He recently criticized billionaire Warren Buffet for slamming the flagship cryptocurrency.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)