Yesterday I was in shock, today I am wearing my Bitcoin socks. Free money is real. It is enough to shake my faith in reality that after knowing for the bulk of my life there was no such thing as free money, I just received a chunk. Now it’s actually, totally naive to believe there
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A widespread debate among investors is the correlation of Bitcoin (BTC) with other markets. A high degree of correlation between the equity markets and Bitcoin has existed, particularly in the last few months. In other periods, gold and Bitcoin appear to move in tandem. However, the correlation that should be watched the most is the dollar since
A company that allows consumers to invest in Bitcoin on a tax-free basis says it has seen demand surge in recent months. iTrustCapital allows Americans to gain exposure to the world’s biggest cryptocurrency through a self-directed individual retirement account, otherwise known as an IRA. These vehicles allow owners to get involved in a diverse array
Volatility was expected throughout the week regarding the expiration of a significant amount of futures. However, this didn’t really happen while the macro-economic environment also remains uncertain. A hack of a major cryptocurrency exchange on Sep. 26 didn’t influence the price at all, which is a positive signal for the markets and a positive signal for the market’s maturity.
Australia is officially in its first recession in nearly 30 years, and while the traditional safe haven during economic downturns is gold, some industry experts believe bitcoin can also provide that same market safety. One bitcoin is currently worth $14,469 (9:44am AEST), and there are only 21 million bitcoins in the entire world. It’s been dubbed
Bitcoin’s decline from the $ 11,000 resistance was hard this time, and altcoin prices were also pulled down. DeFi coins UNI YFI LEND SNX continue to take heavy blows following the decline experienced by Ethereum with their decline. Ethereum has also been the leading altcoin in the cryptocurrency community, leading the rallies for alcoins in
Bitcoin and cryptocurrencies have exploded back into the limelight in recent months, given a boost by the Federal Reserve’s coronavirus pandemic response. The bitcoin price, after crashing in March along with most other assets, quickly bounced back—but has recently fallen again, inline with technology stocks. Now, billionaire boss of both micro-blogging platform Twitter and payments company Square SQ -1.3%, Jack Dorsey,
Mike McGlone, Senior Commodity Strategist at Bloomberg, is convinced Bitcoin will continue to appreciate thanks to its fixed supply coupled with increasing demand…
Federal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% “for some time.” Federal Open Market Committee keeps interest rates unchanged close to zero, according to its statement. Panel agrees to maintain accommodative monetary policy until inflation climbs above 2% “for some time.” The
MicroStrategy is prepared to HODL its bitcoin for at least a century. Or so said the business intelligence firm’s founder and CEO, Michael Saylor, in an interview with CoinDesk on Tuesday, shortly after he announced on Twitter that MicroStrategy was doubling down on the godfather cryptocurrency with the purchase of $175 million more BTC. “I want something