Popular American venture capital investor, Tim Draper, recently said that he has been out of the traditional markets for the past six months. Instead, he has most of his investment portfolio allocated in Bitcoin as he believes its price will reach $250,000 by early 2023. Bitcoin At $250,000 Draper has been quite optimistic regarding the Read more…
Bitcoin has long been touted as an uncorrelated asset and surely enough, it has measured up to that narrative. The same can be said of gold. As major assets across the world feel the heat of chaos, Bi
The post Bitcoin, Gold uncorrelated while major U.S assets collapse amidst global chaos appeared first on AMBCrypto.
As the global pension crisis worsens, millennials, are looking at novel retirement strategies, to protect their retirement security. Will bitcoin serve the purpose? Millennials’ Financial Situation Is ‘Relatively Dire’ Baby boomers, and then Generation X, popularized inflation-ridden investments and various retirement schemes that now are in crisis. Generation X had less money than baby boomers. Read more…
Last week, we were firmly back in bullish terrain with jubilant voices standing by bold predictions. Bitcoin and altcoins were all up with Ethereum leading the charge. This Monday, however, we’re back to a red crypto market. What Caused the Crypto Market Crash? As Bitcoinist reported earlier today, the weekend was savage for cryptocurrency. The Read more…
After a brief dip below $9,800, Bitcoin is again moving up. It has passed $10,400 over 24 hours with all signs pointing toward greater gains in the days ahead. OPTIMISM IS GROWING FOR MORE BITCOIN GAINS With the second break above USD $10,000 in two days, analysts are no longer debating whether or not Bitcoin Read more…
The US congress had a hearing about non-cash payment technologies yesterday. During the discussion, Tom Emmer, the Chair of the National Republican Congressional Committee, mentioned Ripple (XRP) among several other cryptocurrencies. Ripple Fans Get Excited [embedded content] US representative Tom Emmer of Minnesota’s 6th District addressed a panel of payments industry leaders yesterday at the Read more…
With the crypto community awaiting Bitcoin’s next price ATH, Blockroots CEO warns that they might be disappointed if they expect BTC to hit $100k or more. Next Bitcoin Price ATH May Not be as High as Expected Bitcoin has been a hot topic ever since it started a massive bull run in late 2017, which Read more…
The year is coming to an end, and a lot of people have started thinking about minimizing their tax burden. If you’re a bitcoin investor, things get even more complex. The IRS recently sent out 10,000 letters to cryptocurrency investors, and this is an indication of how serious they are when it comes to cryptocurrency Read more…
This year will be one to forget for the majority of cryptocurrencies which are ending it lower than they began. 2020 could be fundamentally different though and here’s why. A Brighter Future For Cryptocurrencies Total crypto market capitalization is currently 50% higher than it was this time last year, however that is largely bitcoin’s doing. Read more…
Social media giants are no longer opposing the power of decentralization and bitcoin technology. Instead, they are embracing it to solve the problems of a centralized Internet and put the power back in people’s hands. Bitcoin Decentralization ‘could unload some of their burdens.’ Since Bitcoin’s inception, many in the financial and technology sectors saw Bitcoin Read more…