The Federal Reserve’s policies are fueling deflation, not inflation, according to a well-known hedge fund manager. A deflationary environment could send bitcoin sharply higher. | Image: KAREN BLEIER / AFP The growing U.S. workforce and retirement of the boomers will force the Fed to double its balance sheet. The expansion of the Fed’s balance sheet...Read More
Bitcoin could be primed for a repeat of the 2017 bull market according to one adoption metric. | Image: shutterstock.com Research firm Glassnodes came up with a new metric to gauge bitcoin adoption. The growth of this new metric appears to coincide with recent bitcoin rallies. It appears that conditions are right for this metric...Read More
John McAfee compares bitcoin to hotmail and declares the original cryptocurrency to be the real “sh*itcoin.” | Image: REUTERS / Alexandre Meneghini / File Photo Altcoin King John McAfee derides BTC as the real sh*tcoin of the cryptocurrency world. McAfee compares BTC to hotmail – a once ubiquitous service that eventually faded away. The self-declared...Read More
Bitcoin’s unique properties as a store of value and medium of exchange will make it extremely valuable in the future, quant analyst claims. | Image: shutterstock.com An Ikigai analyst started a tweetstorm that details the birth of the petrodollar. The analyst also covered the fiscal irresponsibility of the federal government. He said that once inflation...Read More
Everyone wants their cryptocurrency to be the “next Bitcoin.” But there’s a price to pay. | Source: Motortion Films/Shutterstock.com The CEO of altcoin project uPlexa revealed to CCN.com the obstacles posed by a greedy and corrupt cryptocurrency space. Centralized exchanges have become the banks of the cryptocurrency world. If you’re not partnered with the top...Read More
The stars are aligning for a major bitcoin price pump, according to Travis Kling. How it plays out is a little more complicated. | Image: shutterstock.com Travis Kling shared a chart that showed bitcoin might be set for a bullish breakout in May 2020. Consider taking a contrarian stance because a post-halving dump happened in...Read More
The altcoin market is looking a lot like bitcoin in 2011-12, analyst suggests. That’s a good thing for the market bulls. | Image: shutterstock.com The altcoin market cap may be bottoming out. One trader suggests that the altcoin market cap is mirroring bitcoin’s 2011-12 cycle. If the analyst is correct, there’s a chance we will...Read More
Binance CEO Changpeng Zhao advocated for storing your crypto on a centralized exchange after Peter Schiff lost access to his bitcoin holdings. | Credit: Reuters/Darrin Zammit Lupi Changpeng Zhao advocated for storing your crypto assets on a trusted centralized exchange after Peter Schiff lost access to his BTC holdings. Last year, Binance was hacked but...Read More
Bitcoin has seen eye-popping returns over the years but it has largely failed as a transactional currency. | Source: Shutterstock.com Charlie Bilello highlights the performance of Mastercard and Visa in an attempt to shoot down bitcoin. In terms of returns, bitcoin has dramatically outperformed the two financial companies. When it comes to transaction volume, Visa...Read More
Bitcoin briefly crossed $9,000 on Friday, setting the stage for a potentially bigger move higher. | Image: shutterstock.com Bitcoin may target $18,000 if past halving performance plays out. In the immediate term, bitcoin must overcome $9,000. BTC price briefly overtakes that level Friday. Analysts, traders and crypto enthusiasts all over the globe are cheering on...Read More
Bitcoin SV is the New Year’s breakout performer. How much gas is left in the tank? | Image: shutterstock.com BSV “flash dump” may occur soon. Is it time to short BSV? Crypto volatility is back, baby! While 2020 is scheduled to be the year bitcoin blows-up, it seems a few traders didn’t get the memo—opting...Read More
Bitcoin jumped above $8,500 this week. Where does it go next? | Source: Primakov/Shutterstock.com Many crypto analysts believe that bitcoin has already bottomed out. Bitcoin’s bullish price action is giving some traders the ammunition to predict a run-up to $14,000. Other analysts warn that investors should taper their expectations. Bitcoin is starting the year with...Read More
Popular crypto personality Ran NeuNer declares the beginning of ‘alt season.’ | Image: shutterstock.com A popular host and crypto investor has made a bullish statement on altcoins. Ran NeuNer’s tweet was met with heavy criticism. Nevertheless, it is difficult to deny that large market cap coins are showing signs of strength. It’s not a secret...Read More
A popular bitcoin trader believes the number one cryptocurrency is poised to take off in the next few years, whether you like it or not. | Image: shutterstock.com A position trader is making noise on social media after tweeting an ultra bullish prediction on bitcoin. The cryptocurrency’s performance in the last two halvings may have...Read More
The crypto community is on the fence on the May 2020 halving. Thomas Lee believes that it along with two catalysts will push bitcoin much higher. | Credit: Reuters/Dado Ruvic/Illustration The crypto community is on the fence regarding the May 2020 halving. Fundstrat founder Thomas Lee believes that the halving along with two other catalysts...Read More
Analysts claim bitcoin is poised to make a run toward $9,000 after putting an end to the pullback. | Source: Shutterstock.com The deescalation of the situation in Iran may have triggered a round of profit taking in bitcoin. Multiple analysts remain bullish on the top cryptocurrency predicting that it won’t go any lower than $7,800....Read More
Legendary trader Peter Brandt recently presented two scenarios for bitcoin: One bullish and one bearish. The bullish scenario seems to be playing out. | Image: shutterstock.com Peter Brandt laid out two scenarios for bitcoin last month. The recent price action of bitcoin suggests that Brandt’s immediate bull scenario is playing out. Brandt teases his followers...Read More
Ripple’s breakout on Monday could be a sign of things to come, analysts say. | Image: shutterstock.com Ripple paints the largest volume in months. The pump is giving analysts a reason to be cautiously optimistic on XRP. Some traders expect Ripple to set the tone for other top coins. To say that Ripple (XRP/USD) had...Read More
Some of Crypto Twitter’s most widely-followed analysts believe bitcoin’s price has already bottomed. | Image: shutterstock.com Bitcoin corrected by over 50% from the 2019 high of $13,880. With the retracement in the last six months, some analysts believe that the bottom is in. The number one crypto is flashing accumulation signals convincing popular traders that...Read More
The US central bank’s effort to expand its balance sheet through a pseudo-quantitative easing program could prompt bitcoin to pursue its next bull run.Since October, the Federal Reserve has been buying $60 billion worth of T-bills every month. Moreover, the organization is purchasing another $20 billion in MBS and TSY maturity investments, alongside tens of...Read More
Ripple blockchain’s native token XRP registered one of its worst performances in 2019. And it is likely to extend its losses in 2020.The XRP-to-dollar exchange rate is down by circa 49 percent on a year-to-scale. At the same time, the token’s price against the benchmark cryptocurrency bitcoin has plunged by more than 72 percent within...Read More
A misguided euphoria rising from the “phase one deal” between the US and China could help bitcoin becoming one of the most profitable investments in 2020.The offbeat asset has been pursuing a flat trajectory ever since Washington and Beijing reached an initial agreement. It spent its entire December in a tight range defined by $7,000...Read More
Peter Schiff found another reason to take a shot at bitcoin. However, there’s no denying that it’s the best-performing 2019 asset. | Credit: Lucas Jackson / Reuters Peter Schiff found another reason to take a shot at bitcoin. Bitcoin supporters took the gold bug’s latest criticism with a pinch of humor. There’s no denying the...Read More
The economist Albert Alchain once said “economics does not care whether people are rational, but whether people can survive.” This statement certainly hits home. After ten years of rapid growth in the digital currency market, the impression most people have is that it’s all just hype, a bubble, or too risky. While everyone has their...Read More
We took apart a Coinmine One and talked to CEO Farbood Nivi to get an insider look at the mining gadget taking the cryptocurrency world by storm. “The whole point of crypto is that there is no guaranteed money anywhere.” ...Read More
Silk Road founder Ross Ulbricht uses Elliott Wave theory to show how bitcoin could hit $100,000 by 2020. Sentiment towards crypto has taken a decidedly bearish turn in recent months. Bitcoin continues to trade below the $7,000 mark on Wednesday. Bitcoin’s latest brush with six-month lows has attracted nasty commentary about the future of digital...Read More
The primary pull of decentralized crypto assets is financial freedom from the flawed banking system. Bitcoin is one step but without greater adoption it is still just a speculative vehicle. DeFi and decentralized protocols based on banking are another and they’re gaining traction fast.Crypto Exchanges too CentralizedMany envisaged 2019 being the year of the DEX....Read More
In yesterday’s UK General Election, the British people voted for the Conservative Party to take office for another term. The pound responded with a sudden rise in value reminiscent of a Bitcoin move.However, with the now majority Conservative party campaigning to just “get Brexit done”, the future value of both the pound and euro is...Read More
The number of bitcoin traders going long on BTC is approaching an all-time high. That sounds bullish, but it’s actually an extremely bearish signal. Is the bitcoin price on the verge of another plunge? Bitcoin longs are nearing record highs on margin trading platforms like Bitfinex. The last time the number of long positions to...Read More
According to Ripple, XRP is 1/10th as volatile as fiat for cross-border payments. The current SWIFT system is so slow it exacerbates international payment risk. XRP payments clear so fast that the exchange rate risk is negligible. The math busters over at Ripple have crunched the numbers and conducted a study that concludes that XRP...Read More
