“Whether goes up or down in the next year, or five or 10 years, I don’t know,” said Buffett, explaining his long dislike of bitcoin due to it not producing anything tangible—unlike businesses or property. The bitcoin and crypto community has responded to Buffett’s bitcoin criticism with hatred of its own. Meanwhile, Musk has continued […]
In 2018 I analyzed the NYSE Bitcoin Index as I was stimulated in part after reading a projection in March 2018 that it would rise from around $8,500 to $30,000 by the end of 2018. I have found pivot analysis to be a useful tool when applied to a wide range of financial markets. For […]
The bitcoin price has lost around 40% from its peak of almost $70,000 per bitcoin late last year with the ethereum price also down by nearly half. Early in the Covid-19 pandemic, the Federal Reserve began an unprecedented stimulus program that saw its balance sheet double and interest rates fall to historic lows as it […]
Meanwhile, the continuing popularity of blockchain-based non-fungible tokens has helped new cryptocurrency apecoin, linked to the Bored Ape Yacht Club NFT collection, become a $7 billion coin. Apecoin, launched just last month and up hundreds of percent since it began trading, has an average price prediction of $27 by the end of 2022, according to […]
You might be using an unsupported or outdated browser. Cryptocurrency enthusiasts celebrated the move, which will be implemented in mid-2022. But before you get too excited, understand that Bitcoin won’t be showing up on your 401 plan’s investment menu immediately. And because of their fiduciary duty—placing the needs of plan participants above all else—companies may […]
It’s also relatively new – the first bitcoin block was mined 13 years ago – so there hasn’t been much time for governments, academics and the media to wrap their heads around the subject. Nonetheless, most of bitcoin’s early use cases were illicit – extorting hacking ransoms, for example, or selling drugs on the dark […]
Today the bitcoin price is up a couple of basis points. For the first time, investors will be able to invest a portion of their 401 funds in the crypto. Not long ago, investors dismissed bitcoin as the biggest Ponzi scheme in history. Traditionally, gold has been viewed as a monetary safe haven. still largely […]
William Noble, the chief technical analyst of research platform Token Metrics, offered some technical analysis, but he also emphasized how the recent appreciation in the U.S. …Read the full story
This week the bitcoin price plunged to a little over $38,000 before rebounding this morning. For starters, major cryptos are highly correlated to the stock market. “It is immediately obvious that Bitcoin’s stock market beta has turned persistently higher since the onset of the pandemic, implying that it has become more influenced by stock market […]
“So far in 2022, Bitcoin has essentially acted as a 24/7 inverse VIX . …Read the full story
The bitcoin price has bounced from highs of around $43,000 to under $38,000 per bitcoin in recent days with crypto bulls and bears fighting for control of the market. The bitcoin price has struggled so far through 2022 after a huge bull run though 2021, with other … Powell said a half-point interest rate increase […]
If bitcoin breaks the line that connects its higher-lows from the past 18 months, I think it’s toast. It makes perfect sense that bitcoin would be one of the last Covid bubbles to pop as the Federal Reserve tightens the economy. Bitcoin is offering no portfolio diversification, doing the opposite of gold , and losing […]
If I had a dogecoin for every crypto scam I saw, we’d have 100 billion dogecoin.” When asked if Musk had regrets over “sparking a storm of excitement over dogecoin and where it’s gone,” Musk replied that he still likes both dogs and memes. …Read the full story
Despite losing almost 3% over the last 24 hours, Terra’s luna is still up 10% on this time last week. Armstrong, speaking on the latest episode of the All-In Podcast, predicted the crypto industry will likely not be regulated solely by the SEC because not all digital assets should be considered securities. : Elsewhere, Armstrong […]
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“If ethereum is able to shift, we could legitimately request the same from bitcoin,” minutes of the meeting showed. However, some have warned trying to ban bitcoin mining or trading is unlikely to have an affect on bitcoin’s energy consumption, with economist Alex de Vries telling Netzpolitik that “targeting the bitcoin price is the only […]
The bitcoin price has ballooned over the last two years, surging from around $10,000 per bitcoin to almost $70,000 late last year. Earlier this month, bitcoin, ethereum and crypto concerns prompted the European Parliament to set out draft regulations for digital assets, designed to allow regulators to monitor potential money laundering and terrorist financing and […]
The bitcoin price retreated to a little over $40,000 and is now 5.5% down from this week’s high. The crypto market dipped in light of Fed Chair Powell’s remarks yesterday. “It is appropriate in my view to be moving a little more quickly… I also think there is something to be said for front-end loading […]
The bitcoin price has lost around 40% of its value since hitting an all-time high of nearly $70,000 per bitcoin in November. A bitcoin price prediction has forecast the cryptocurrency could hit an all-time high in 2022 but … “There’s still plenty of uncertainty about the short-term bitcoin outlook,” Asher Tan, the chief executive of […]
