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 …
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 …
TOM LEE: BTC To Hit Historic Highs By 2020
Founder of Fundstrat Global Advisors Tom Lee has predicted in an interview with CNBC on April 28 that cryptocurrency prices will hit new historic highs by 2020. During the interview, Lee anticipated that Bitcoin (BTC) is yet to complete its upward movement and will reach an all time high based on “11 signs that historically only take place in a bull market”. Lee further explained that three out of the 11 signs are already having a positive impact on BTC, indicating that the crypto winter has seen its end. These signs include Blockchain, technical indicators and trading volumes. In January …
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