Tone Vays says $45,000 to $50,000 is a reasonable bull market target for Bitcoin if it surges past $20,000. Tone Vays, the well-known Bitcoin (BTC) derivatives trader, believes Bitcoin will stay above $10,000 for the rest of 2020. At the start of the year, Vays said he was skeptical BTC would break $20,000 in 2021 […]
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The Middle Eastern restaurant, with three locations across Ontario, announced it would be switching its cash reserves to crypto. A Canada-based Middle Eastern restaurant chain just converted their entire fiat cash reserves into Bitcoin. According to an Aug. 19 tweet from Tahini’s — ‘the best Middle Eastern restaurant in the world’ — the decision to […]
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Turkish are losing faith in its local fiat currency, with confidence in the lira falling 20% this year. Rampant inflation is affecting Turkish residents’ confidence in the lira fiat currency. According to a Reuters report on August 14, locals are dumping lira and converting it to dollars and buying gold. Even with market interventions and […]
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Goldman Sachs has put the word out it is seeking a new VP in the London-based Digital Assets team within its Global Markets Division. Investment banking giant Goldman Sachs is hiring a new vice president in the Digital Assets team within its Global Markets Division in London. According to a recent job posting on the […]
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Recent advertising campaigns by cryptocurrency fund management firms are well timed as investors look for safe havens from inflation. Amid turbulent times for the world at large, the cryptocurrency space seems to be cruising on its own steam in 2020. The coronavirus pandemic has put a major strain on economies around the world, and countries […]
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Excitement is building around the Bitcoin price as history appears to repeat itself and analysts recall the start of its run to $20,000 all-time highs. The creator of arguably the most famous Bitcoin (BTC) price forecasting tool has declared that the largest cryptocurrency is in a bull market. In a tweet on Aug. 18, quant […]
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Gold–BTC correlation drops 20% one week after hitting all-time high of 68%, correlation metrics are often misleading for investors. The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation crashed by 20% the following week. Despite this, Bitcoin looks set to become […]
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Bitcoin is both a long-term safe haven and short-term speculative asset, Ball said. Former Prudential Securities chief executive and current chairman of Sanders Morris Harris George Ball sees Bitcoin as a safe haven for those looking for different investments. In an interview with Reuters on August 14, Ball admitted he was previously a “Bitcoin opponent” […]
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Precious metals used to be the best way to protect your portfolio from natural value deterioration, but Bitcoin is changing the game. During times of international economic crisis, governments print money. This leads to inflation and investors subsequently stashing their investment capital in long-term, stable investments. Historically, that has meant gold, but in the current […]
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Traders have turned bullish on Ethereum again and the strong break above $400 could pull Bitcoin and other altcoins higher. Data from Grayscale Investments shows that the firm’s assets under management soared from about $1.9 billion at the end of 2019 to over $3.5 billion by the end of June 30, 2020. The correction in […]
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