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To get here, from some 964 on September 17th, and what a weekend! The first bubble burst, many accounts fell brutally, it was crazy, and it was definitely interesting to see that. We all generally gave in to the cryptocurrency, and yes, today we're talking about the Bitcoin price. There was also some more steam to be seen, and more steam, because Peter Schiff also sees, as one would expect, another bear market coming, and here we come to Kazakhstan, which is really putting a record sum into the crypto sector.
We start with the price, and yes, we are currently staying above 10,000, so it's reasonably okay. 10,000, 157. But I would say yes, we are really standing here at a very, very important threshold. We were just below 10 over the weekend, and yes, this support level services now has to climb over 10,300 or 10,500 first.
I suspect Bitkom should n't manage that in the short term. To climb over the 10,500 mark, we could see some more downward moves. There's SCM II, I think it's at 69, 1600, 9700. I've seen other charts from Patrail journalists who say that if Bitcoin goes down to 7500, that's also possible. We're still generally in a split.
Others say, hey, we'll see new ones this year. I do n't believe that right now, but you never know what's going to happen with the economy and everything around it, like with Coke and such. But this 10,000 mark, I think it's psychologically very important, and we just have to see if we can climb over it again.
Basically, that's not so bad. If we look at 217, we've also had several 30-35 percent pullbacks on the way up, so basically, there's nothing wrong with that. But now we have to look closely at whether we've found the bottom here or not. If so, have we already reached the bottom? Will this tip, or will we see even lower prices, write it in the comments?
We need to talk about the second topic, namely Peter Schiff, our favorite Goldbach. He says that Bitcoin is ultimately just hot air and will eventually go to zero. He's been talking about Bitcoin for years, for many, many years. Back when the ex- Kaiser was involved with Bitcoin, Peter Schiff laughed and missed this whole rally.
Of course, with his gold business, he's fully invested in precious metals. And yes, he really sees this pullback of Bitcoin as a bear market. He says that with the pullback to 10,000, Bitcoin is back in a bear market. If we also look at how gold has performed, gold hasn't fallen quite as sharply as Bitcoin.
So, he believes that gold will naturally prevail and Bitcoin will. And he says that the more often this ten-case support level is tested, the harder it will be for Bitcoin to maintain it. He believes that markets generally rarely give people and investors a chance to buy at the lows over a longer period, and that's why He believes that these prices, just over 10 km, do n't indicate that they are seeing lower prices from proven sources, and he believes this rally on 2, okay, that simply has to do with the fact that Bitcoin was pulled up in the slipstream of Bolt, or also by the massive advertising campaign in America by Grace Gelb, which was broadcast.
After Grace, it is also considered to have had the highest sales in terms of her Bitcoin investment history. And yes, let's see, so the correlation between has weakened, and now we really have to observe closely what happens. So gold has made almost 30 percent this year, Bitcoin over 40 percent, so for reasons, it is still performing better than gold year-on-year.
And yes, we can loosen things up a bit, hold the 10 or not, are we in a new bear market or not? Everything is definitely possible, but we mustn't recognize anything anymore, what is happening economically around us, dear people. This is a situation that has never existed worldwide before, where all countries are more or less in lockdown, their fascist drastic doctor measures prevail, but then, or look at Australia, it's a catastrophe, and yes, let's see how How will this affect things further, whether people will really sell everything off or if they will actually increase their holdings in Kripp?
An opponent, let's look at Kazakhstan on the last topic, because Kazakhstan has more than 700 million US dollars in reserve that they want to make available for the blockchain sector over the next three years. The Minister for Digital Development finally confirmed this again, and they had these goals of Simon millions, which were previously a bit longer, but were increased to 700 million.
They already have 13 mines operating, and four more are in the development phase. And of course, there are large oil and coal reserves there. Energy costs are very low, which favors mining, and a whopping six percent of the cash rate is attributable to Kazakhstan. After China, the USA, and Russia, Kazakhstan has a place.
And yes, this could be a very, very, very smart investment by Kazakhstan in the future, because with the growing market... The capitalization of Club Boss is intended to boost the country's oil-based economy, and anything is possible if Krupp prevails. Kazakhstan could also become a very wealthy country, thanks in large part to the liberal crypto laws.
The legislature does n't tax these farms, because it's defined as a purely technological activity. Taxation of a farm is only possible with the conversion of a cash flow into fiat currency. So, what's happening in Kazakhstan is very, very cool, and I hope it continues to progress and that other countries will follow suit.
I was immediately impressed. Let's see, we have a market capitalization of 323 billion, representing 57.8 percent, and Bitkom is still showing a green light. But I see here, when I update my Bitkom report, it slips slightly into negative territory. I understand that it's only at 10,100. And yes, let's see, ideally, it's gained over four percent.
Celik has gained over 17 percent since yesterday. I'd say... Nice construction is in the Czech Republic, also showing a gain of over 15 percent for Jens Kollert, they're standing at $22, not bad, top winner compared to yesterday, that's Sushi Swap. After what I'd call an exit scam where the founder sold almost everything and made a real killing, the Cologne-based one has fallen well, but now a little tree around the topic, sat here, dead cat bounce, who knows, personally I wouldn't necessarily say what will happen, of course, you can decide for yourself, no question, and Grandma also did well, 32 percent after the drop.
Top loser compared to yesterday, on the other hand, is Hatch Trade with over 20 percent - has truth again, the week has started, I definitely wish you a good start to the week and yes then you know what to do if they like David Bent p i on YouTube and we'll see each other again tomorrow, fresh as ever and as always with a pan, the second fund Evelin Bitcoin Egyptians can you
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