Bitcoin in these hours has really made us breathless due to the sharp drop in price from over $ 19,000 to $ 16,000, in a few hours, dragging the entire crypto market with it with a loss of about $ 80 billion in a few hours .. .
The retracement was expected because Bitcoin has been running very long in the last few days reaching impressive targets. Myself, before it reached $ 15,000, I hoped they would be the target by the end of the year and instead we have come very close to ATH. Now it is desirable not to have more downturns and not to receive other bad news like the one coming from the US White House, in which *Steven Mnuchin*, secretary of the Treasury, would like to remove the anonymity of all the wallets present in the exchanges.
A probably useless fight as President Trump's mandate is now over and it is unlikely that this law will be approved in a few weeks. However, it is a wake-up call that rightly caught the attention of Coinbase and its CEO Brian Armstrong, worried about the consequences of this law which, among other things, would place the responsibility for these controls on the exchange.
Bitcoin Treasuries is a site that collects information on the Bitcoin wallets of large investors, information obviously released by the companies themselves, and it is possible to quantify their treasury.
You will notice a list of companies closely related to the crypto sector such as MicroStrategy inc. and other institutional companies such as Grayscale which holds the largest number of Bitcoins (over 500k). The list, however, is not up-to-date but it can still provide us with useful information on how large companies are moving.
Have you noticed that Hive Blockchain is also on the list? In reality it is not a wallet of our community but it is the company that deals with the development and consultancy on the blockchain. You will remember a controversy at the launch of Hive with this company because of the name but then I don't know how it ended.
It would be curious to know the data, for example, of Paypal, very active on the market in order to guarantee a custody of a number of Bitcoins such as to meet the needs of its current and future customers.
Really busy day that shook us after these days of euphoria. We must never forget the nature of the crypto market, which is still very volatile but which I now believe has taken a unique and non-reversible direction. Nobody can think that the price can only go up and we will probably be victims of these deep shocks even when Bitcoin hits 100k or 1 million dollars.
What matters is the long term and who is a Hodler ultimately doesn't care if the price goes up or up by $ 3000 after 24 hours. The goal is always the same: **1 million dollars!**
