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  • Can we see a benefit to cryptocurrency with pension schemes
  • Are we going to see an inclusion of Cryptocurrency?

The investment firm Cambridge Associates is a privately held investment company based in the United States. The firm provides investment portfolio management and advisory services to foundations, private clients, pensions, institutional investors and more. The US-based firm has pensions and endowments consultant with more than $385 billion in assets under advisement, has stated institutional should start getting involved in the crypto industry.

The company have said:

“In looking across the investment landscape, we see an industry that is developing, not faltering. Although the crypto industry remains in its infancy, we think institutional investors should begin exploring it.”

They say that no more than 1 percent is invested either directly into cryptos like Bitcoin and Ethereum into ICOs or STOs or otherwise indirectly into crypto/blockchain firms.

“The vast majority of institutional investors have little to no cryptoasset exposure. We expect traditional venture capital funds to increase their investments in cryptoassets going forward, meaning institutional investor exposure is also likely to rise.”

In a somewhat detailed statement, they explain that the different cryptocurrency investment strategies have potential, highlighting institutional investors aren’t able to invest more htan 20 percent in a non0qualifying investment. The firm says that “the industry is nascent and an allocation of more than 1% of a portfolio on a look-through basis does not appear prudent, even for those comfortable assuming the very high risks involved.”

The US-based firm was founded in 1973 by James Bailey and Hunter Lewis and now has a workforce of over 1,300 employees. They have changed their tune after the firm told institutional investors to stay away from cryptos at the height of the 2017 bull run.

In November 2017, Cambridge Associates said, “in our opinion, institutional investors are better served focusing on investing in companies seeking to profit from the development and adoption of blockchain technology and ‘fintech’ (financial technology) more broadly than holding cryptocurrencies directly.”

The company is now implicitly making recommendations to diverse from cryptos of no more than 1 percent of holdings after they made research into the crypto space.

Robert Johnson , 2019-11-15 20:00:00 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock

Nick Chong , 2019-11-10 12:00:38

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