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Christmas Market Could See Santa Rally Drive Ethereum, XRP Prices Higher and Bitcoin to $20K

After stagnation in the crypto markets last week, Bitcoin has stormed into the holiday season with a fresh price surge above $19,000—with many investors anticipating that the Christmas market conditions will see the BTC price finally conquer the $20,000 barrier. In 2020, the Bitcoin price gained over 160% since the start of the year, triggering … Continue reading Christmas Market Could See Santa Rally Drive Ethereum, XRP Prices Higher and Bitcoin to $20K

Bitcoin And Tesla: Which Has The Best Return in 2020?

We select Tesla and Bitcoin to compare the ROI of the stock market and the crypto market. The reasons why we just select Bitcoin to observe are as depicted below: Bitcoin dominance is over 60%; SEC has charged a few mainstream cryptos like Ripple XRP while bitcoin has no policy risks; There are scams and fraud … Continue reading Bitcoin And Tesla: Which Has The Best Return in 2020?

Bernie Sanders Demands Senate Vote on $2000 Direct Stimulus Payments, Bitcoin Traders Hold Breath

Sen. Bernie Sanders has publicly threatened to filibuster the Senate’s vote to override Trump’s defense bill veto until they allow a vote on upgrading the $600 direct stimulus payments to $2000. While the move will no doubt garner the support of working-class Americans, more money printing equals more problems for the dollar and more push … Continue reading Bernie Sanders Demands Senate Vote on $2000 Direct Stimulus Payments, Bitcoin Traders Hold Breath

NFL Carolina Panthers' Russell Okung Will Receive Half of His $13 Million Contract in Bitcoin

Carolina Panthers’ offensive tackle Russell Okung has long been a Bitcoin advocate, tweeting out “Pay me in Bitcoin” back in 2019.   That seems to be a self-fulfilling prophecy as it has now been disclosed that half of the NFL player’s $13 million contract will be converted into Bitcoin. Okung seems to be associated with Zap, a payments network that … Continue reading NFL Carolina Panthers' Russell Okung Will Receive Half of His $13 Million Contract in Bitcoin

World Economic Forum Views Cryptocurrency as Pivotal Tool for Financial Inclusion

The World Economic Forum (WEF) trusts that cryptocurrencies can be pivotal in offering financial services to one-third of the world’s adults, approximately 2 billion people, who are unbanked as acknowledged by the World Bank. The unbanked usually lack wealth-building tools and services, and this jeopardizes their plan for the future. Cryptocurrencies are revamping the financial … Continue reading World Economic Forum Views Cryptocurrency as Pivotal Tool for Financial Inclusion

Federal Reserve Votes to Keep Inflationary Monetary Conditions as US Economy Heals

Federal Reserve (Fed) officials voted at the Federal Open Market Committee (FOMC) meeting on Wednesday to maintain federal fund rates near 0% and continue $120 billion per month in bond purchases while the economy heals. At the conclusion of its FOMC meeting on Wednesday, the United States central bank voted to keep its key overnight … Continue reading Federal Reserve Votes to Keep Inflationary Monetary Conditions as US Economy Heals

Institutional Demand Can’t Keep Bitcoin Above $30K Says Guggenheim’s Minerd

Institutional investment in Bitcoin is not enough on its own to justify Bitcoin’s price levels said Guggenheim CIO Scott Minerd who predicts BTC will trend down below the $30K level. Despite reports of the surging institutional demand for Bitcoin, Guggenheim’s Scott Minerd says these investors are not enough to keep the BTC price firmly above … Continue reading Institutional Demand Can’t Keep Bitcoin Above $30K Says Guggenheim’s Minerd

US Congress Planned Hearings on GameStop Market Conditions Shows Value of Bitcoin

Both chambers of Congress (the House of Representatives and the Senate) will have hearings into the recent activity surrounding stocks (shares) videogame retailer GameStop Corp. and theater chain AMC Entertainment Holdings Inc. Both houses will have a hearing to examine the on-going volatility in the stock markets and assess the situation and review the activities … Continue reading US Congress Planned Hearings on GameStop Market Conditions Shows Value of Bitcoin

MicroStrategy CEO Says the Software Firm Is Considering Equity or Debt Financing to Purchase More Bitcoins

Michael Saylor, the chief executive of MicroStrategy Inc., has announced that the business intelligence software company is considering issuing more debt to help finance the firm’s purchase of more Bitcoins as part of its corporate strategy. During an interview at the Bloomberg crypto summit on Thursday, February 25, Saylor said: “We’ve been pretty clear that … Continue reading MicroStrategy CEO Says the Software Firm Is Considering Equity or Debt Financing to Purchase More Bitcoins

Paul Tudor Jones Sends Inflation Warning to Feds, Touting Bitcoin as Way to "Hedge"

Paul Tudor Jones described Bitcoin as one of the best ways of protecting his wealth over the long run, and he uses it to hedge his portfolio, comparing it to gold. In an interview with CNBC’s “Squawk Box” Monday, Jones discussed the inflation issue and stated how the U.S. Federal Reserve handles the current monetary … Continue reading Paul Tudor Jones Sends Inflation Warning to Feds, Touting Bitcoin as Way to "Hedge"

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