Bitcoin

Illustration by Bill Butcher Text size Around 2013, one common way to buy… Source link

Despite bitcoin trading near all-time highs, more institutions continue to buy bitcoin, and they’re using over-the-counter (OTC) trading firms to keep their purchases from impacting the overall market.  Unlike retail investors or smaller institutions that use crypto exchanges, large institutions usually trade bitcoin through the OTC market, noted John Todaro, director of institutional research at cryptocurrency analysis firm TradeBlock. That way, their transactions won’t move prices the… Source link

On December 11, a prominent but very private financial newsletter author noted to clients that while he had never previously written about bitcoin, it was correct to say that institutional capital had now started to arrive in scale and that it would be churlish to pick a fight with it. Demand for bitcoin would now outstrip supply. Bitcoin, he observed, would become an excellent metaphor for risk appetite in 2021 as a result. Less than a week later, Coindesk confirmed that… Source link

Cryptocurrency brokerage Coinbase said Thursday that it has filed a draft registration statement with the Securities and Exchange Commission, paving the way for plans for an eventual initial public offering. The announcement comes as interest in bitcoin and other cryptocurrencies has soared during the coronavirus pandemic. Investors have found such currencies attractive as the US dollar weakens. Bitcoin has been smashing its own price records and recently surpassed the symbolic $20,000-a-coin… Source link

Shutterstock/Kzenon A tech reporter once lived on bitcoins for a week straight to test how valuable they were in the real world. She bought a bunch of bitcoins in 2013 for $136 each on Coinbase, hoping to use them for daily expenses. On the last night of her experiment, she spent 10 bitcoins on a sushi dinner for dozens of strangers. Today those would be worth about $230,000. The restaurant’s owner has now retired from the food business, thanks in part to his cryptocurrency earnings… Source link

Bitcoin’s surge to unprecedented levels above $23,000 on Thursday is being met with much ballyhoo on Wall Street, but at least one technical expert warns that the popular digital currency could be primed for a pullback. Tom DeMark says that based on his timing models, the world’s most prominent cryptocurrency is likely to retreat soon. Read: Stock-market timing expert DeMark ‘confident’ S&P 500 surges 5% in next 2 weeks “Although it appears treacherous… Source link

Bitcoin: Coinbase CEO Brian Armstrong warns newbies about investing risk | Fortune … Source link

Known for identifying the housing market bubble in 2005, David Rosenberg is the chief economist and strategist at Rosenberg Research & Associates Rosenberg Research & Associates Economist David Rosenberg told Bloomberg he believes bitcoin is in a bubble and investors don’t understand how its supply works.  “Everybody seems to believe that we’re going to get to that 21 million cap on the supply constraint, but there’s really nothing in the protocol to suggest that the supply of… Source link

Share Tweet Share Share Share Email Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. As of this writing, and as noted by CNBC, the marquee name of cryptocurrency stands out as it touches fresh new highs of about $23,000, eclipsing the highs seen as far back as three years ago, when bitcoin approached $20,000. The digital… Source link

Reuters/Lucas Jackson Bitcoin leaped to a new record high of $23,770.85 on Thursday as its supercharged 2020 rally continued. The climb brings the token’s year-to-date gains above 200% and comes just one day after it traded above $20,000 for the first time. The cryptocurrency has enjoyed strong momentum through the year as analysts, institutional investors, and financial-services companies turn increasingly bullish on its uses. Watch bitcoin trade live here. Bitcoin climbed to a new… Source link