Month: March 2021

Considering the Cryptocurrency Cardano?

Considering the Cryptocurrency Cardano?

Cardano’s spectacular rise this year has some investors, including institutional names, wondering if they should be looking more closely at the cryptocurrency  Cardano has been around since 2015, but development on the blockchain has been minimal at best, making it more speculative akin to betting on GameStop (+3.24%) As Bitcoin and Ether soar to new […]

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Where is Bitcoin Headed to Next?

Where is Bitcoin Headed to Next?

Retail flows last week saw accumulation of Bitcoin that presaged this week’s sharp recovery in the cryptocurrency  Medium term macro factors still favor a bullish take on Bitcoin    There’s a saying on Wall Street that if you want to know what happens next, follow the trail of the money.   It’s why there are […]

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Bitcoin Bounces Back

Bitcoin Bounces Back

Bitcoin rebounds on Biden’s fiscal stimulus package prospects fueling concerns over inflation and a general rotation into risk assets  Goldman Sachs (-0.58%) survey of clients reveals that the demand for cryptocurrencies from its well-heeled clients remains robust and should help to provide a floor for Bitcoin’s price    Bitcoin rebounded sharply over the weekend on the back […]

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Million Dollar Bitcoin?

Million Dollar Bitcoin?

U.S. cryptocurrency exchange Kraken CEO Jesse Powell tells Bloomberg Television that Bitcoin could hit US$1 million or higher Investors being taken in by such high price predictions should look at what the lower bound on losses could be instead of focusing on unlimited upper bounds, otherwise they risk losing substantial amounts of money    Could […]

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