Jerome Powell says Congress should agree further fiscal stimulus as U.S. public debt tops $27.2 trillion. The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing. In a tweet on Nov. 6, Tyler Winklevoss, co-founder of exchange Gemini, said that Powell’s latest speech this week was […]
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2020 has been a rough year for markets but Bitcoin has outperformed JPMorgan, Goldman Sachs, and the majority of top U.S. financial sector stocks. Historically, traditional market analysts and old school investors tend to look at Bitcoin and other cryptocurrencies with a wary eye, and when crypto pundits attempt to make comparisons between the two […]
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A fresh record for BTC price action on U.S. election day means that $100,000 could now form a price target, historical data suggests. Bitcoin (BTC) has officially beaten a new record as BTC/USD trades above $10,000 for 100 days, and major gains should come next. As voting in the United States’ presidential election ended on […]
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Grayscale is on track to control 5% of the entire Bitcoin circulating supply by the end of 2021 with a record $215 million inflow last week. Grayscale’s Bitcoin (BTC) Trust is on track to reach 500,000 BTC by the end of 2020. Last week, Grayscale saw a record inflow of $215 million (15,907 BTC) that […]
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The crypto-friendly social media platform keeps its pro-Bitcoin CEO. Twitter CEO and major Bitcoin (BTC) bull Jack Dorsey will keep his role at the company, according to a recent decision by a Twitter board committee. As Bloomberg reported on Nov. 2, the committee officially reviewed Twitter’s leadership as part of a March 2020 agreement with activist investor Elliott […]
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You could easily lose up to 90% of your fiat savings to inflation alone in 100 years, but that would never happen with Bitcoin. At the time of writing this article, around 3.6% of Bitcoin (BTC) is locked up in long-term holdings by institutional investors. According to the data, 13 entities have amassed close to […]
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Steadily declining DEX trading volumes and disintegrating DeFi token prices suggest investors have shifted their focus back to Bitcoin. All eyes are set on Bitcoin (BTC) as the digital asset continues to trek to a new 2020 high. Meanwhile, the hype around decentralized finance projects continues to die down, especially as token prices plummet. Data […]
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Adoption started slow but has ramped up with the passage of time. With the recent influx of mainstream financial players into the blockchain space, how long will it take for corporate allocation of Bitcoin (BTC) to become the norm? Brian Estes, founder of investment firm Off The Chain Capital, thinks 10 years. “I think in 2029, […]
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The forthcoming digital asset exchange from Singapore’s largest bank DBS is expected to encourage other Asian financial institutions to reveal their crypto strategies. A now-deleted webpage announcing that Singapore’s largest bank is planning to launch a “digital exchange” supporting crypto asset trading is the latest sign of increasing institutional adoption of virtual currencies. The document, […]
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Investing big money into Bitcoin 10 years ago came with immense uncertainty. Now, buying the asset carries less risk, according to the ex-hedge fund manager. Bitcoin (BTC) has gained significant notoriety in the decade since its 2009 launch. Big mainstream players such as MicroStrategy have recently begun to invest large sums of money into the […]
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