THOMAS LEE ON BTC – “TAKING A LONG TERM VIEW IS MORE APPROPRIATE”
Fundstrat Global Advisors Co-Founder, Thomas Lee, has suggested in his latest tweet that people need to take a long-term approach to Bitcoin (BTC). This trusted suggestion comes from Bitcoin being “a hyper volatile asset”, making it great for “dedicated traders”. Lee’s tweet stated, “For most, taking a long-term view is more appropriate.” Lee’s response came after Bloomberg tweeted that Bitcoin is up by 39 percent this week alone, however, it had lost over $1,800.00 of value in one day. Washington Post columnist, Michelle Singletary, has suggest in an article published that, “The current price surge for Bitcoin has many people …
CENTRAL BANKS MAKING BTC MORE ATTRACTIVE
The United States Central Bank has put forward that it may potentially in the very near future cut interest rates, and this has been tied closely as one of the reasons for the recent surge in the price of Bitcoin (BTC), explained Deutsche Bank executive Jim Reid, in an interview with CNBC on June 26. In a speech made by Federal Chairman, Jerome Powell, stated that the central bank is considering a cut of interest rates due to the current economic uncertainty and inflation risks. As a result of this, the US dollar dropped rapidly compared to other fiat currencies …
BTC’s SHARE OF $350 BILLION CRYPTO MARKET AT ITS PEAK SINCE 2017
Bitcoin is on the rise, rapidly, and on 26th June, it hit a new 2019 high of $12,278.43, after breaking from its sideways trading pattern of being held below $11,400 for over 11 hours. What is more striking though is the fact that Bitcoin (BTC) has not only reached all time highs for the year but it has too crossed above 60 percent market dominance for the first time in over 17 months. Since the beginning of the year (2019), Bitcoin (BTC) has seen an incredible 230 percent gain, which has all the BTC Bulls and analysts very excited about …
THE WORLD IS IN $13 TRILLION OF DEBT
This week alone negative-yielding bonds have grown by about $1.2 trillion, yes trillion! Forcing the overall global total past $13 trillion for the first time in history. As a result of this, Austria, Sweden and France have now too become the latest governments with debt of 10-year yields below zero. Ed Hyman, Evercore ISI Chairman has responded in an interview with Bloomberg stating, “The message from the markets is that there are problems out there that central banks, not just the Fed, are now responding to.” In Europe too this week, yields on Danish debt which is due to mature …
CRYPTO MINING GIANT, BITMAIN, LAUNCHING IN THE US
In the latest company development by Bitmain Technologies Ltd, a crypto mining giant will soon be relaunching its Initial Public Offering (IPO) plans in the United States (US). Bloomberg reported that “People with knowledge on the matter” have stated Bitmain is currently in consultations with advisors to launch in the US within the second half of 2019. According to sources, they will lodge all relevant documents needed with the US Securities and Exchange Commission in July 2019. It isn’t yet finalised the amount that Bitmain wants to pursue through fundraising however, it has been suggested that they are hoping to …
BTC SET TO HIT HIGHS WE HAVE NEVER SEEN BEFORE
This month we have witnessed the price of Bitcoin (BTC) skyrocket, touching the $11,000 mark in a 15-month high. But do not hold your breath for it has been predicted that once BTC was able to push past this resistance level, we will see price highs like we have never seen before. Crypto Trader and well-known Bitcoin Bull, Josh Rager, is just one analyst that is predicting the price of Bitcoin will rise from here on in. In a tweet from Rager, posted on June 22nd 2019, he stated, “$BTC is likely to hit $60k+ this coming uptrend … And …
BTC – HAIL THE NEW CURRENCY
Bitcoin (BTC) has a unique nature that puts it far above any other currency types on the market, especially the unstable and unreliable fiat currencies currently in circulation. BTC is the currency of the modern age, and as we have seen before in the histories of monetary usage and reliability, it is a great alternative to what is currently available. Throughout history we have expanded, explored and moved with the times and we have seen the evolution of money change dramatically, and for the better. We moved from the barter trade to gold, through to the metal coin and onto …
US FINANCIAL SERVICES COMMITTEE REQUESTS HALT ON FACEBOOK’S CRYPTOCURRENCY
In the latest development of Facebook’s cryptocurrency, Libra, the United States House of Representatives’ Financial Services Committee Chairwomen, Maxine Waters, has requested that Facebook put a halt to the development of its cryptocurrency. Waters, in a statement provided, explained, “Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action.” What has bought this decision to light by the Financial Services Committee is unclear for now. However, we do expect further information to come to light …
BTC IN A BETTER POSITION NOW THAN IN 2017 – HERE IS WHY
Bitcoin (BTC) has yet again smashed through the $9,000 threshold and all indicators are strongly suggesting that we are at the beginning of the next significant Bull Run. The last time Bitcoin hit $9,000 and above was back in November 2017, when we saw the price ultimately hit a record all time high of around $20,000 USD per coin. Investors were in a good position back then and now the coin is set to be in an even better position than it was in 2017, and here is why. Big Businesses Want To Get Involved Since 2017 to current day …
BIG BACKERS ARE BEHIND FACEBOOK’S CRYPTOCURRENCY, LIBRA
We are all aware of the hype around the upcoming launch next year, 2020, of Facebook’s new cryptocurrency, Libra, but what does it actually mean for the cryptocurrency arena, and will it be successful? In the latest news from over the weekend, it has been confirmed that Visa, MasterCard, PayPal and Uber are among only some of the major firms that will invest in the cryptocurrency. It has been announced that the financial, e-commerce, venture capitalists and telecommunications firms will invest around $10 million each. The money invested by the companies will be used to fund the creation of the …
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