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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

Benzinga Watch Out, Elon Musk. These EV Startups Are Trying To Take On Tesla With a $145.9 billion fortune at press time Elon Musk, the founder of the electric car manufacturer Tesla Inc (NASDAQ: TSLA), has added more than $100 billion to his net worth since January 2020. Tesla’s shares have been going up, beating every analyst’s expectations and common sense, while its market capitalization reached $600 billion on Dec. 7. The company is aiming to sell 500,000 battery-powered vehicles by the… 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

Guggenheim’s Scott Minerd. Lucy Nicholson/Reuters Bitcoin should be worth $400,000 based on its finite supply and value compared with gold, Guggenheim’s Scott Minerd told Bloomberg on Wednesday. “Our fundamental work shows that bitcoin should be worth about $400,000,” he said. “It’s based on the scarcity and relative valuation such as things like gold as a percentage of GDP.” His comments came on the day bitcoin crossed $20,000 for the first time. Watch bitcoin trade live here. Source link

Source: Adobe/malosdedos After surpassing USD 20,000 for the first time since December 2017 yesterday, bitcoin (BTC) advanced by another USD 2,000 in less than a day. While BTC dominance increased, the top coin is not the best performer in the top 10 club today. (Updated at 05:56 UTC: two last paragraphs have been added.) At pixel time (04:47 UTC), BTC trades at USD 21,787 after it touched USD 22,000 earlier today. The price is up by more than 12% in a day and 18% in a week. It rallied… Source link

Litecoin could plummet to $85 support amid intensifying overhead pressure. The IOMAP reveals that Litecoin correction comes after hitting a supply barrier between $93.4 and $96.2. Litecoin has since December 11 sustained an uptrend above an ascending trendline as observed on the 4-hour chart. The recent spike above $90 occurred in tandem with Bitcoin’s spike to new all-time highs above $22,000. However, it seems LTC may not hit $100 soon due to the possibility of… Source link

Litecoin price started a strong surge above the $80.00 and $82.00 resistance levels against the US Dollar. LTC price traded close to the $95.00 level and settled below the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $82.10 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is now facing a strong resistance near the $92.00 and $94.00 levels. Litecoin price is up over 10% and it tested the $95.00 zone against… Source link

Ethereum Ethereum rallied by 8.30% on Wednesday. Following on from a 0.46% gain on Tuesday, Ethereum ended the day at $637.98. A bearish start to the day saw Ethereum fall to a mid-morning intraday low $581.21 before making a move. Steering clear of the first major support level at $579.81, Ethereum surged to a late intraday high and a new swing hi $639.58. Ethereum broke through the day’s major resistance levels and the previous current year’s high of $636.53. In spite of a partial pullback,… Source link