BTC: THE GREATER THE STORM, THE GREATER THE RAINBOW
If you follow the price of Bitcoin (BTC) you will have definitely noticed over the last few weeks that BTC has continued to hold a sideways position, and dropping from a high of around $12,000 USD back down to hold around the $8,000 mark. Bitcoin trader and well known activist on Twitter “Crypto Michael” suggests that the longer the current sideways accumulation continues for BTC, the stronger the next Bull Run will be for the top ranked digital currency. “If this was a real parabolic move, Bitcoin would already be back at $6,000 by now. The longer we range and …
BTC – THE BEST PERFORMING ASSET EVER “STILL VERY CHEAP”
Earlier this year (2019) the Wall Street Journal crowned Bitcoin (BTC) as the best investment of 2019, and the biggest winner, running circles around all other asset classes. One Bitcoinist article reported, “It’s better than gold. It’s better than Apple Stock. 30 percent of young adults prefer Bitcoin to stocks.” BTC is still considered to this day a “safe haven asset”, with a leading analyst stating that Bitcoin’s rally is just getting started, and there are many reasons for this. Bitcoin is undervalued Raoul Pal, former executive of Goldman Sach’s European Hedge Fund sales business claims that Bitcoin is “still …
HOT GOSSIP – BTC HALVING EVENT DUE TO COME EARLIER THAN EXPECTED
The Bitcoin (BTC) halving date my come earlier than the expected May 2020 date previously proposed. Due to the recent major increase in the hash rate of BTC, traders globally are now speculating that the halving will now come early than expected. For this halving however, the change of the date is not affecting the BTC price action in any way. When does the Bitcoin halving occur? Bitcoin halving occurs when a total of 210,000 blocks are successfully mined, once this number has been reached, the award on each individual block is reduced to half. A Blockchain halving event has …
BITCOIN – A SAFE HAVEN ASSET IN THE INVESTMENT WORLD
Bitcoin (BTC) is becoming mainstream, wether we like it or not, and with the hashing power reaching all new time highs, we need to start taking Bitcoin (BTC) as a safe investment very seriously, because it is not going anywhere. Cryptocurrency trader, Murad Mahmudov, has stated that Bitcoin will be the biggest winner in spite of the changing tide, which is developing in the investment scene, claiming it to be a safe haven asset. This comes at a time where once again we are seeing monetary policies of governments and central banks all across the globe continuing to push the …
BTC BULL, POMPLIANO, HAS OVER HALF OF HIS NET WORTH IN BTC
Anthony Pompliano, well-known and self-advocated Bitcoin Bull and founder of capital management firm, Morgan Creek, has stated in a recent interview with CNBC’s Squawk Box, that over half of his new worth is in Bitcoin (BTC). Pompliano, prior to the interview, explained why he believes NOT holding Bitcoin, as a part of a portfolio is irresponsible. “We’re now entering a position where its actually irresponsible for institutions to not have exposure to this asset, and the reason is their job is to find assets that actually can provide non-correlation to the rest of the markets, especially in times of global …
RESEARCH PROVES THAT 83% OF AMERICANS WOULD INVEST IN BTC
In a recent 2019 Investor Study, published this month (July) by Digital Asset Management Fund, Grayscale Investments has found that 83 percent of American investors would highly consider an investment in Bitcoin (BTC). The demographics, attitudes and beliefs on Bitcoin investors overlapped considerably with those of the traditional investor. The report revealed that while Bitcoin investors were more slightly experienced and risk-tolerant than the traditional, average investor, their political reviews, income levels and professions is closely related to the profiles of a broader pool of charted investors. The report published by Grayscale Investments reported that, “Bitcoin has expanded its reach …
BITCOIN AND GOLD – “TO COMPARE THEM IS MADNESS
Bitcoin and Gold have been debated on for some time now that their characteristics are alike, “To compare them is madness.” John McAfee, founder and CEO of McAfee has stated in his latest tweet, “The difference between Gold and Bitcoin? Gold is a commodity, occupying space, with mass, temperature, shape. Bitcoin is an idea, made manifest through a series of numbers, with no true location or substance – a clever concept with infinite fluidity. To compare them is madness.” McAfee is not alone in his thoughts that Gold and Bitcoin should under no circumstance be compared with each other. Recently …
BITCOIN (BTC) ADDED TO MICROSOFT EXCEL AS A CURRENCY OPTION
The world is catching up to speed with the notion that Bitcoin is now a part of our everyday lives and is now acknowledged as mainstream. Microsoft has recently added Bitcoin (BTC) as a currency option to the Microsoft Office Excel program’s list of currencies. Martin Butler, Account Executive of Globals at Microsoft wrote, “Excel will be able to recognize, format, calculate, and analyse numbers expressed in Bitcoin currency. The new feature will be available for Excel running under Windows 10, Android, Mac OS, and iOS, and will include Excel mobile versions as well.” Microsoft has been a long-time supporter …
THE STOCK MARKET ON THE BRINK OF A BEAR MARKET
A Wall-Street veteran comments on the stock market as it teeters on the brink of a bear market. In a recent interview on CNBC, CEO of Morgan Creek Capital Management, Mark Yusko, announced that that bears are already out and stocks are going to finish the year on an economic downturn, lower by a double-digit percentage. This is not the first time that Yusko has correctly predicted that course of stocks. In 2018 he predicted yet again that stocks would end the tear on a sour note, and they did. Yusko has suggested that we will see another “credit crisis” …
MARK YUSKO REVEALS BTC “SHOULD BE IN EVERY INVESTORS PORTFOLIO”
Mark Yusko, CEO of Morgan Creek Capital, gave some great digital currency investment advice in a recent interview with CNBC on May 22nd. Yusko strongly advised that Bitcoin (BTC) should be in every investor’s portfolio. Yusko went on to say that he believes BTC investments would far outperform the S&P 500 investment fund over the next 10 years. When asked about investing in cryptocurrency, specifically putting money into BTC, Yusko stated, “Bitcoin is a great diversifying asset. It has very low correlation. It should be in everybody’s portfolio.” This is not the first time Yusko has been very bullish on …
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