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Crypto Talks with Epoch BTC: Using Crypto At Real Estate Investments

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Only the other dayan advanced business from the title of Epoch BTC, a top property investment consultancy company which specializes in helping clients firmly convert their own cryptocurrency into property investments in Dubai, incorporated Changelly widget capacities in their port. Helping to ease plenty of crypto holders to swap crypto to buy property through their own platform. To learn additional information about this exciting endeavor, Changelly’s CEO, Eric Benz requested a couple of questions to Co-Founders Quinten Swartberg and Francesco Morabito in Epoch BTC concerning the project’s present condition, further advancement, and the property sector when contemplating crypto for a means to buy property currently, and also for the long run. Enjoy the read! 

Hey men, super good to have you participate in Crypto talks with Changelly! Could you please re install Epoch BTC’s notion? And efficiently your support? 

Hey Eric, Thank you for getting us, we are eager to be here! Sure, therefore in brief, Epoch BTC is a real estate consultancy that allows customers to buy property in Dubai with cryptocurrency.

Our providers are basically exactly the same as what you’d expect from a normal property business but with the extra advantage and capability for our customers to use another medium of payment.

Since the creators of this undertaking, do you provide us a little advice on both your wallpapers and the way that directed towards putting together this type of job? 

Sure, I am personally by a financial history, graduating with a Masters in Finance at London then moving to the banking industry in Dubai at 2013. After a few years I went I remained prior to beginning Epoch BTC and worked as a MD.

Ahead of Epoch BTC, I worked at the financial services and property business in both London and Dubai for 12 decades. But, blockchain along with cryptocurrency technology fascinated me, investing myself in 2011 back from bitcoin. We have investors however to get crypto used as a money that is legitimate and adoption.  This is that which led us into making an end-to-end alternative for transacting real estate and thus Epoch BTC.

Thus Epoch is not a really new idea, provided that solutions such as yours could be seen throughout the planet, yet this idea of presenting Cryptocurrency as a process to buying real estate is. Why choose foundation for this undertaking & Dubai as your viewers? 

We made a decision to begin in Dubai for a number of factors. We’ve been for quite a while in the area, therefore we’ve got a community that enabled us to return to a fantastic start and a great deal of market understanding.

Second, UAE is famous among the most technologically innovative nations in the world and they’ve been implementing and exploring blockchain engineering and its own particular efficiency for decades, so it felt like a fantastic match for our theory.

And finally, by a purely property investment viewpoint, Dubai is now an extremely appealing and inexpensive market, also with all the Expo 2020 round the corner, there’s a great deal of positive sentiment from the area right now.

What type of KYC affirmation do you want from seekers considering buying property through crypto? 

The KYC affirmation is simple, customers will need to offer evidence of the address and identity.  

Which cryptocurrency may be utilised to buy a property through your system? And are there some ideas of opening the gates into accepting multiple types of crypto up? 

We now accept BTC, BCH, BSV and ETH. We do not actually have any plans to open to other kinds of crypto right now, just by means of the new venture with you men, there’s also no immediate demand as our customers are now able to easily convert with Changelly whenever they maintain other cryptocurrencies.

What sort of properties do you have on your portfolio which could accept crypto for a kind of payment?

We’ve got over 400 units now accessible in Dubai that take cryptocurrency. All of these are top quality possessions at the many places. Get in contact with us.

In your view, what variables and components would fortify the crypto property business, both in the UAE and around the globe? 

We are still at the first phases of adoption to the real estate business but we’re already seeing quite positive indications of initiatives directed by the UAE authorities to proceed towards a much better and more effective method to innovate.

The debut of smart contracts with property blockchains is that which could alter the surface of the whole industry and it is something which many governments have already begun working. This might enhance liquidity, radically accelerate procedures (something that is very important due to the volatility of crypto), it would also eliminate intermediaries and ensure it is more economical for both the purchaser and the vendor.

On your website, it demonstrates that you’re totally controlled by accredited Swiss fiscal intermediaries. Why select laws over the other people in the entire world and Europe? 

That is a fantastic question. According to our study, we discovered the attitude of this authorities to cryptocurrencies, that in Switzerland, is positive. It’s in fact one of the nations where the market jurisdiction and the authorities have acknowledged the possibility that cryptocurrencies along with blockchain provides to different regions of the market and the sector. So we will continue to spend and accept lead in this business and saw a chance to operate in a marketplace where authorities and officials are open to those theories.

What information would you give additional property agents and consultancy solutions out there about the adoption of a crypto-based method of trade over FIAT? 

My advice is open to the new technology and choose the very first mover advantage with this on the marketplace, since it’s no more a matter of whether cryptocurrency will alter the surface of the actual estate business or some other fledgling industry for this issue, but rather if.

Given your job feeding to crypto mass adoption, so do you feel cryptocurrencies can become mass-produced without enormous requirement for miners and shareholders? 

Yes, people really do think crypto can become mass-produced. The system, along with also cryptocurrencies are comparatively new technologies. There is apparently a substantial quantity of momentum. The software seem almost infinite, and all of kinds of businesses looks as though they could gain from the technologies.

When speculation is close, many businesses might be in the middle of major disturbance. Cryptocurrency gets the opportunity to increasing security and trust from shortening trades to streamline procedures and it’ll occur sooner rather than later.

If you’d like to pick the next location Epoch BTC will start up store where could you select, and why? 

We now have our eyes two areas — both Japan and Singapore.

Japan because it is a nation that has always been in the forefront of crypto adoption. It is one of the biggest of Bitcoin dealers also they have retails shops that accept, about 30 percent of Bitcoin trading has been completed in Yen! So is a great prospect for all those there.

Singapore is intriguing as it’s an attractive housing market plus it also house to the third-largest ICO marketplace. Their authority continues to be promoting the adoption of blockchain technologies for many decades. In actuality, insurers in Singapore are utilizing contracts that are intelligent.

Any other topics you’d love to share with this neighborhood? 

Yes on a last thought, cryptocurrency stays a volatile advantage, thanks mostly to its own slow adoption rate, but that’s changing and there’s absolutely not any doubt be a part of our daily life quite soon. The advantages of a property advantage that is performing are difficult to beat. It has demonstrated that it is capable of shareholders with a trusted source of revenue, although Property has not demonstrated that it belongs within an investor’s portfolio. 

Thank you for reading, Changellions! Subscribe to our sociable networking channels not to miss fresh interviews from our normal “Crypto Chat” pillar !

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Gold Tokens Reach Milestone Market Cap; Does This Pose a Threat to Bitcoin?

Bitcoin and gold have been rising in tandem, as the dollar has been falling. It has also driven the growth of the market cap of digital gold tokens, backed by the precious metal commodity, to record highs. What exactly has caused this rapid growth in market cap, and does this pose any threat against Bitcoin? Market Cap of Commodity-Backed Gold Tokens Soars 1000% In 2020 Bitcoin and gold share several key similarities, such as supply […]

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Bitcoin and gold have been rising in tandem, as the dollar has been falling. It has also driven the growth of the market cap of digital gold tokens, backed by the precious metal commodity, to record highs.

What exactly has caused this rapid growth in market cap, and does this pose any threat against Bitcoin?

Market Cap of Commodity-Backed Gold Tokens Soars 1000% In 2020

Bitcoin and gold share several key similarities, such as supply scarcity. Bitcoin’s benefits soon begin to outweigh the precious metal, especially in terms of storage and security.

Gold existing in a physical form makes it far less portable and often requires storage in a vault or safe. It also leaves the asset highly vulnerable to theft, unless kept secure in this way.

To alleviate any challenges faced with storing gold and to avoid the high premiums gold bars are currently fetching, a new trend of digital gold tokens has emerged.

RELATED READING | HOW “PICTURE PERFECT” MACRO UNCERTAINTY WILL KEEP METALS, CRYPTO TRENDING

These tokens are backed by a corresponding amount of the commodity, and often represent digital ownership over a real bar stored in a security facility elsewhere.

The recent 2020 gold rush due to the economic uncertainty of 2020 has prompted the market cap of these commodity-backed tokens by 1000% to over $100 million and climbing.

The total gold token market cap has achieved a total of $139 million, with $82 million attributed to Tether Gold (XAUT) and $56 million to Paxos Gold.

commodity backed digital gold tokens market cap bitcoin tether paxos

Why Commodity-Backed Tokens Pose No Threat To Bitcoin and Crypto

If Bitcoin has long been considered digital gold due to important comparative attributes, then are these commodity-backed tokens competitors to the cryptocurrency?

In a sense, yes. All other tokens and gold itself are all competing against Bitcoin for capital. However, these assets pose no serious threat to Bitcoin.

For one, the combined market cap has only reached $140 million. Bitcoin’s market cap is over $200 billion. Bitcoin also has a hard-capped supply of only 21 million. While gold may be finite, it has an undetermined remaining supply.

Bitcoin is also a decentralized, non-sovereign network, while these gold tokens are backed by a commodity held by a centralized company that is bound to local government laws. The cryptocurrency existing outside of these barriers offers a value precious metals simply cannot match.

RELATED READING | WHY SILVER’S PERFECT STORM SURGE WON’T SPILL INTO CRYPTO

Instead, these tokens are providing investors an alternative to gold, not Bitcoin, as an easier way to store the asset, access the market, or perhaps own a smaller sum. Like other crypto tokens, commodity-backed coins are divisible by decimal points.

Further fueling the growth is the recent increase in security fears from the wealthy. According to recent reports, investors in Hong Kong have been moving their precious metals offshore to Switzerland and elsewhere fearing theft or seizure. Instead, their wealth could be stored digitally, in tokens backed by the same commodity they are sweating over.

It is for reasons like that, that these commodity-backed tokens will continue to grow, but also will continue to pose no threat to the top cryptocurrency.

Featured image from Deposit Photos.
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Bitcoin Reaches “Now Or Never” Moment: Fund Manager on Institutional Adoption

2020 so far has proven to be Bitcoin’s year. The asset has beaten stocks, gold, and nearly every other asset in year-to-date ROI. With all eyes now on the first-ever cryptocurrency, one British fund manager with billions of pounds of assets under management claims Bitcoin has reached its “now or never moment.” Hedge Fund Managers Prepare To Dump Gold Holdings For Bitcoin Cypherpunks, tech enthusiasts, and dark web users were among the earliest to take […]

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2020 so far has proven to be Bitcoin’s year. The asset has beaten stocks, gold, and nearly every other asset in year-to-date ROI. With all eyes now on the first-ever cryptocurrency, one British fund manager with billions of pounds of assets under management claims Bitcoin has reached its “now or never moment.”

Hedge Fund Managers Prepare To Dump Gold Holdings For Bitcoin

Cypherpunks, tech enthusiasts, and dark web users were among the earliest to take an interest in Bitcoin and cryptocurrencies. Once the mainstream public caught wind of the financial technology’s disruptive potential – and the wealth it could generate – retail investors piled into the asset at the peak of the bubble.

The next uptrend in the cryptocurrency is expected to be driven by institutional money coming in. While that narrative has now existed for years, dating back far further than Bakkt’s launch in September last year, it has failed to take hold.

Only recently, has institutional interest begun to rear its head, following hedge fund manager Paul Tudor Jones comparing the cryptocurrency to the role gold played in the 70s.

RELATED READING | WHY TOPPLING SILVER AND GOLD PRICES COULD BE ESPECIALLY BAD FOR BITCOIN

At the time, the asset traded at just $35 an ounce. Today it is worth over $2,000 an ounce thanks to decades of mismanaged monetary policy and inflation. Like gold, Bitcoin’s digital scarcity is said to cause it to behave similarly when faced with an economic environment rife with inflation.

With the Federal Reserve printing more money each quarter, institutions are finally looking toward Bitcoin for this reason. And it’s brought the cryptocurrency, according to on hedge fund manager, to the asset’s “now or never moment” with institutions.

Bitcoin BTCUSD Hedge Fund Manager Five-Fold Target By 2023 | Source: TradingView

How The First Ever Cryptocurrency Overcomes Its Credibility Hump

In an interview with Telegraph Money, a British hedge fund with “tens of billions of assets under management” says that the market is “approaching the now-or-never moment for bitcoin before institutional investors adopt the asset.”

The hedge fund manager is considering adding Bitcoin to its fund, potentially allocating as much as 30% of the fund’s gold holdings into Bitcoin instead. The fund managers expected at least a five-fold increase by 2023 if Bitcoin can overcome its “credibility hump.”

The cryptocurrency market rising alongside precious metals bodes well for the budding financial asset class. It is proving to the world that the safe haven narrative has legs, and the asset’s digital scarcity is demonstrating its value in the current economic climate.

RELATED READING | HOW “PICTURE PERFECT” MACRO UNCERTAINTY WILL KEEP GOLD, BITCOIN TRENDING

Further potential to prompt more of gold’s market cap to melt into crypto lies in the growing security threat across the globe. In Hong Kong, the wealthy are moving their gold offshore. In the United States and the rest of the world, unrest, and protests have led to violence and looting.

Storing assets digitally, instead of physically, could prove to be yet another important reason for gold capital to flow into Bitcoin, further driving the asset’s perfect storm institutional rally – a rally that starts now, or never, according to the types of investor behind the wheel.

Featured image from Deposit Photos.
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Why Toppling Silver and Gold Prices Could Be Especially Bad for Bitcoin

In March 2020, the stock market dragged cryptocurrencies down to their Black Thursday bottom. Since then, however, soaring gold and silver prices have helped restore interest in Bitcoin and altcoins. These hard, digitally scarce assets are expected to perform similarly to precious metals due to similar supply attributes. Still, it also could cause a disastrous crash in crypto as a result. Silver and Gold Rally Ready For Pullback And Dollar Stages Overdue Recovery The dollar […]

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In March 2020, the stock market dragged cryptocurrencies down to their Black Thursday bottom. Since then, however, soaring gold and silver prices have helped restore interest in Bitcoin and altcoins.

These hard, digitally scarce assets are expected to perform similarly to precious metals due to similar supply attributes. Still, it also could cause a disastrous crash in crypto as a result.

Silver and Gold Rally Ready For Pullback And Dollar Stages Overdue Recovery

The dollar has been in steady decline, with top financial market analysts from the likes of Goldman Sachs and more calling for its eventual demise. The once almighty dollar is at risk of losing its global reserve currency status, and it has caused a domino effect across the global finance market.

RELATED READING | GOLDMAN CHIEF THAT SLAMMED BITCOIN SAYS GOLD HAS NO ROLE FOR CLIENTS

Stocks have stayed relatively stagnant, waiting for news of the coming stimulus before reacting. Ahead of the United States government finalizing what the next round of stimulus entails, hard assets like gold, silver, and Bitcoin exploded over the last couple of weeks.

Gold set a new all-time high price record, and silver tapped nearly $30 an ounce. Investors flocked to these safe-haven assets with scarce supplies ahead of more money supply entering the market.

gold and silver chart

Silver and Gold Comparison | Source: TradingView

But the dollar is preparing a rebound, reaching the lowest level in two years and a point in sentiment in which reversals have occurred in the past. Various technical signals also suggest a resurgence in the global reserve currency is due.

It may be promoting profit-taking in silver and gold that could cause a short to medium-term pullback. And if crypto-assets like Bitcoin and altcoins remain correlated with precious metals, silver and gold toppling now could be disastrous for the asset class just getting started on a new bull run.

Bitcoin, Ethereum, XRP, and Other Altcoins May Fall If Precious Metals Melt Down

When gold set its record and silver soared, Bitcoin and major altcoins followed. The leading cryptocurrency by market cap breached above $10,000 and, in a flash, rocketed to $12,000. Ethereum is up over 200% year to date, and XRP, a poor market performer, saw a 45% weekly gain.

Altcoins especially are performing well, acting as the silver to Bitcoin as digital gold. And with these assets behaving similarity and sharing similar economics, the two classes of distinctly different assets could all fall together against the dollar.

gold silver bitcoin altcoins crypto

Bitcoin, Altcoins, Silver, and Gold Comparison | Source: TradingView

Layering the same gold versus silver chart from above with Bitcoin and the total altcoin market cap shows an uncanny resemblance between them all.  And although they are standing united, the only thing divided if they fall together will be any recent returns not already locked in for profit.

RELATED READING | WHY SILVER’S PERFECT STORM SURGE WON’T SPILL INTO CRYPTO

Is the gold and silver rally coming to a halt? And if so, will the crypto market feel the meltdown of these precious metals?

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