Bitcoin

Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. Nouriel Roubini Sees Store of Value in Bitcoin After years of publicly mocking and ridiculing bitcoin, Nouriel Roubini has admitted that bitcoin may be a partial store of value. Roubini… Source link

The price of Bitcoin (BTC) rose to as high as $15,840 before crashing to $14,800. Just 5 hours after reaching an intraday top, the dominant cryptocurrency dropped over 6%. Thi massive spike in volatility was likely caused by three major factors. The three catalysts for the abrupt downtrend were the recovery of the dollar, the decline in gold price as Pfizer announced that its COVID-19 vaccine trials are producing positive results, and whales dumping BTC. BTC/USD 4-hour chart. Source:… Source link

REUTERS/Rick Wilking Billionaire investor Mike Novogratz won half a Bitcoin in an election bet over the weekend, but then hosted a lottery to hand it out to “new Bitcoiners.”  Novogratz, the CEO and founder of crypto-focused merchant bank Galaxy Digital, was expecting Democrats to secure both the White House and the Congress. A Twitter user @Adelgary won the lottery, but others contested the outcome by claiming he already owns Bitcoin and isn’t new to the crypto world. Half a… Source link

Bitcoin (BTC) is continuing to show strong momentum even after a major rally. Key data points show that the uptrend has likely been fueled by smart money in recent months. This means retail or mainstream investors have been largely on the sidelines as BTC price surpassed $15,000 this month. In 2017, when the price of Bitcoin hit an all-time high at $20,000, the retail demand was at its peak. Google Trends data soared, mainstream media coverage noticeably increased, and spot exchange volumes… Source link

PlanB, the creator of the stock-to-flow (S2F) model, reiterated on Nov. 8 that Bitcoin (BTC) is well on its way to hit $100,000. The pseudonymous analyst expects the dominant cryptocurrency to achieve the $100,000 to $288,000 range by December 2021. Bitcoin would have to increase by around 545% from the current price to surpass $100,000. At that price point, the market capitalization of BTC would near $2 trillion, or roughly the same as Apple, the world’s most valuable company.  Bitcoin S2F… Source link

Bitcoin (BTC) is starting what will be likely a hectic week for markets as the United States begins its two-month presidential transition. After Joe Biden was declared the projected winner of the U.S. presidential elections during the weekend, Bitcoin fell, but managed to avoid major losses — what’s next? Cointelegraph takes a look at the factors set to influence BTC price action over the coming week. U.S. election frenzy starts to bite Attention remains firmly fixed on Washington as the… Source link

GlobeNewswire Leaf Group Issues Letter to Shareholders Stock Price Value Destroyed During Strategic Review Leaf Group Stock Value Created After Strategic Review Leaf Group Affiliations of Investor Group’s Proposed Directors Leaf Group Leaf Group Board Tenure (January 1, 2019 – Current) Leaf GroupSANTA MONICA, Calif., Nov. 09, 2020 (GLOBE NEWSWIRE) — Leaf Group Ltd. (NYSE: LEAF), a diversified consumer internet company, today issued the following letter to its shareholders in response to a… Source link

Veteran investor Bill Miller says that all major banks, investment banks, and high net worth firms will eventually have some exposure to bitcoin or something like it. He said that bitcoin’s staying power is getting better every day. Bill Miller’s Bullish Statements About Bitcoin A growing number of major corporations have been gaining exposure to bitcoin, prompting speculation of when the rest of them will follow…. Source link

Of all of the many clever things Mark Twain is alleged to have said, one of my favorites, especially these days, is: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” In the turmoil that is 2020, many market “truths” have morphed into myths. And many trusted investment adages no longer make sense. One that continues to puzzle me is how many financial advisers still recommend the 60/40 portfolio balance between equities… Source link

Following the 21 coinbase rewards from 2010 spent on November 7, another long string of so-called ‘sleeping bitcoins’ mined a decade ago were transferred on Sunday morning. According to onchain data, the 20 block rewards from 2010 with 1,000 BTC were transferred at 4:02 a.m. EST. A ton of ‘zombie coins’ moved in 2020, after sitting idle for over ten years. Zombie coins or so-called ‘sleeping bitcoins’ are a… Source link