Investing.com - Bitcoin, Ethereum and Solana are able to rally for the second day in a row on Wednesday, 12 January 2022. BTC/USD is up 1.74 per cent at $42,694, while Ether has a gain of 4.09 per cent at $3249.7 and SOL/USD climbs 4.87 per cent to $142.53.
Bitcoin: Fed tightening cycle could be a disadvantage
In early May 2020, hedge fund manager Paul Tudor Jones revealed that he had also invested in bitcoin as part of an inflation hedge. According to his latest statement, he seems to be pulling out of cryptocurrency, which is directly related to the Fed's tightening cycle that has begun.
In his view, all those instruments that have performed best since March 2020 are "likely" to underperform during the tightening cycle.
Ethereum ist wie ein Tech-Investment
Billionaire Kevin O'Leary sees great parallels between Ethereum and Google (NASDAQ:GOOGL). In his view, investors put their money into tech companies like Microsoft (NASDAQ:MSFT) and Google because they invest in software. Blockchains like Ether are in and of themselves nothing more than software, he said.
In addition, the shares of many of the mega-cap tech companies are not being bought because of the current bubbling profits, but on the basis of growth prospects. Here, too, a comparison with Ethereum and co. is appropriate.
The share of crypto positions in his portfolio is 10.7 per cent. He has come to terms with the fact that this segment is very volatile and said:
"But it takes time to get used to a volatile Bitcoin, just like you had to get used to volatile Amazon (NASDAQ:AMZN) shares."
Solana: Binance payouts delayed
The crypto exchange Binance now also drew attention to the fact that Solana payouts may be delayed and announced:
"Disbursements through the Solana (SOL) network may be suspended from time to time in order to reduce the backlog of payments. We are actively working with the project to find a stable, long-term solution. We apologise for any inconvenience this may cause."
Recently, the blockchain has been confronted with technical problems several times. There was even speculation that it was targeted DDoS attacks, which the network denied.
By Marco Oehrl