Category: Opinion

Bitcoin Bubble?

Bitcoin Bubble?

Rising majority of Wall Street fund managers believe that Bitcoin is in a bubble, despite recent pullback in prices  Wider institutional embrace of cryptocurrencies by Wall Street names betrays their overt calls that Bitcoin and cryptocurrencies are in a wider bubble and may be symptomatic of the recent shift in influence from professional money managers […]

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Guess who’s back? Bitcoin!

Guess who’s back? Bitcoin!

Bitcoin clears US$40,000 and rises to highest level in over two weeks  Key technical resistance levels will need to be breached for another run back to US$50,000, greater institutional adoption and potential for U.S. Bitcoin ETF remain strong bullish factors With more twists and turns than a daytime soap opera, like Bitcoin through the blockchain, […]

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What’s Behind the Latest Bitcoin Bump?

What’s Behind the Latest Bitcoin Bump?

Musk tweets to consider accepting Bitcoin for Tesla again if it becomes more environmentally-friendly in mining   Major upgrade for Bitcoin looks likely to gain consensus, which will allow higher levels of privacy, open the prospect for multisig wallets and improve scaling developments Over the weekend, Bitcoin jumped over US$39,000 after Elon Musk declared that Tesla (-0.04%) would […]

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Bitcoin Busts the Banks

Bitcoin Busts the Banks

Basel Committee proposal puts heavy burden on banks looking to custody cryptocurrencies  Capital requirements proposal for banks by the Basel Committee legitimizes cryptocurrencies just as El Salvador recognizes Bitcoin as legal tender “You have to spend money to make money” and when it’s come to banks dealing in Bitcoin, that adage might be more literal […]

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Make Bitcoin Legal Tender

Make Bitcoin Legal Tender

El Salvador declares that Bitcoin is legal tender and mandates its acceptance for payment for goods and services, as well as tax Experience of El Salvador may provide a template for other remittance-reliant countries to consider co-opting Bitcoin as legal tender to reduce reliance on the dollar and reduce the costs of remittances  A decentralized […]

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Of Crosses & Cryptocurrencies

Of Crosses & Cryptocurrencies

Bitcoin has its “Come to Jesus” moment as technical indicators point to ominous “death cross” which typically preludes continued weakness    If chartists are to be believed, “death cross” can also usher in a “golden cross” and sharp rallies in the subsequent periods  The cryptocurrency cross is a heavy one to bear – one minute you’re […]

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Cryptocurrency Trading Takes a Serious Turn

Cryptocurrency Trading Takes a Serious Turn

Cryptocurrency markets appear to be deleveraging, which should assist a reduction in volatility Increased hedging activity seems to suggest that investors are getting more sophisticated (as opposed to openly bullish) and measured in their approach to the market    While meme stock traders may still be in their hoodies and flip-flops, there are increasing signs […]

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