Bitcoin

Bitcoin is often compared to gold, and this comparison may not be far off. According to a Bitcoin Rainbow chart, investors that hold onto BTC over the next two years may reap humongous gains – much like folklore’s pot of gold at the end of the rainbow. The Blockchain Center’s Rainbow price chart is one of the methods used to forecast the crypto’s price. This graphic illustrates how Bitcoin’s price history can be used to forecast the asset’s future… Source link

In 2020, of course, the Fed was in the midst of any number of stimulus schemes aimed at keeping the economy and financial system afloat alongside the COVID-19 lockdowns. Today, the U.S. central bank is in the exact opposite mode as it rapidly tightens monetary policy to fight the inflation surge it helped create. Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

The cryptocurrency market is a highly competitive space, especially with new crypto projects showing up daily on the market, trying to gain the attention of new users.  Still, a number of projects in the cryptocurrency industry appear to be unstoppable, like Bitcoin (BTC) and Chainlink (LINK), two prominent projects that have seen recent growth. Big Eyes Coin (BIG), a new meme coin in its third presale stage, appears ready to take over the market. Bitcoin (BTC)… Source link

Veteran trader Peter Brandt’s latest remarks which mock crypto traders still using laser eyes crypto memes have sparked an immediate and angry response from bitcoiners on Twitter. One very famous bitcoiner, Michael Saylor, reminded Brandt that the laser eyes signify “a long-term commitment to bitcoin based on its ethical, technical, and economic superiority to alternative assets.” Technical analyst and inventor of the Bollinger Bands technical indicator, John Bollinger,… Source link

“The labor market demand is still outpacing supply,” Cleveland Fed Chair Loretta Mester said in an interview with CNBC last week. “We’ve got to moderate both the labor market and product markets if we’re going to get inflation back down. At some point, once we get real rates up and we see more of that moderation in demand, […] then there’s some tradeoffs and then you need to be concerned, have you gone too far or is this a good place to stop? We’re not at that point yet.” Source link

Arman Shirinyan Change in U.S. monetary supply makes Bitcoin’s real value far below $20,000 Contents How does it affect real value of Bitcoin? Adjusting Bitcoin’s price to M1 supply USD is the main currency used to determine the value of Bitcoin and most of the digital assets in the industry. However, the supply of the world’s leading currency changed drastically in the last two years, which M1 Monetary data suggests. How does it affect real value of Bitcoin? The monetary supply of the… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

“At this stage, investors are no longer X-raying the advantages of one hedge against inflation against another, but rather, they just want a better alternative to keep their funds at a time when fiat has proven to be more unstable,” Alexander Meurer, co-founder of blockchain-based fitness application Fitburn, told CoinDesk. Source link