Bitcoin adoption could grow because of its efficiency, billionaire Tim Draper

Bitcoin adoption could grow because of its efficiency, billionaire Tim Draper

While many people believe that the massive adoption of Bitcoin is somewhat tied around the mainstream acceptance of digital currencies in general, Tim Draper thinks there is more to it. In a Bloomberg report, the American venture capital investor said Bitcoin adoption could grow because of its efficiency. Bitcoin adoption accelerator Draper mentioned that the largest cryptocurrency […]

Mike Novogratz on the Bitcoin halving

Mike Novogratz on the Bitcoin halving

Galaxy Digital CEO Mike Novogratz appeared on CNBC’s Closing Bell on May 4, where he outlined his bullish stance on hard assets like Bitcoin and gold. The heavily mustachioed Novogratz looked forward optimistically to the Bitcoin halving on May 12—a deflationary event which contrasts greatly with the Fed’s money printing regime. CNBC’s Closing Bell ✔@CNBCClosingBell Galaxy Digital CEO @novogratz tells us […]

4 Ways COVID-19 Will Bring Banks and Regulators to Crypto

4 Ways COVID-19 Will Bring Banks and Regulators to Crypto

1. Increasing policy influence The crypto community was remarkably prescient in its prognosis of how coronavirus was going to impact the global economy and society. Through the long months when political leaders and the World Health Organization (WHO) were reluctant to declare a global pandemic and take firm action, many well-known voices on Crypto Twitter, […]

Crypto Long & Short: How Oil Going Negative Could Open the Door for Bitcoin ETFs

Crypto Long & Short: How Oil Going Negative Could Open the Door for Bitcoin ETFs

This will always be remembered as the week when oil went negative. The economic repercussions of this are staggering and will take months to fully comprehend – but, more short term, one of the most fascinating aspects is how it knocks universally accepted truths about markets right into the oil can. Also compelling is what […]

Bloomberg’s senior commodity strategist, Mike McGlone says bitcoin halvening is a “non-event.”

Bloomberg’s senior commodity strategist, Mike McGlone says bitcoin halvening is a “non-event.”

Bloomberg’s senior commodity strategist, Mike McGlone, says that upcoming bitcoin halvening would be a “non-event.” Bitcoin halvening is scheduled to take place next month. Bloomberg’s senior commodity strategist, Mike McGlone, says that upcoming bitcoin halvening would be a “non-event.” Bitcoin halvening is scheduled to take place next month. Mike McGlone, Bloomberg’s senior commodity strategist, is […]

Who in Crypto Might Come Out As Winners or Losers After the COVID-19 Crisis?

Who in Crypto Might Come Out As Winners or Losers After the COVID-19 Crisis?

The COVID-19 pandemic now has its grip firmly on the world. According to official numbers, almost 2.6 million individuals have been infected globally, and almost 180,000 have died. In addition to the impact on public health and the healthcare system, the global economy is starting to ground to a halt as a result of state-enforced […]

Bitcoin ‘Stuck in the System’ Until Merchant Adoption Grows

Bitcoin ‘Stuck in the System’ Until Merchant Adoption Grows

Although holders of both bitcoin (BTC) and gold are often motivated by an idea of investing in assets that are outside of the financial system, it might not be the case, according to a popular macro strategist who believes that that the next world reserve currency will be “a crypto.” Speaking with Anthony Pompliano, Morgan Creek Digital Co-founder and […]

Crypto Market Sentiment Ends Its Winning Streak; Bitcoin Back to Neutral

Crypto Market Sentiment Ends Its Winning Streak; Bitcoin Back to Neutral

The market sentiment cut its string of gradual, week-per-week growth. After four weeks of minor upward movements, and last week’s break into the 5-6 score level with a sentscore of 5.27, this Monday the combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins dropped slightly to 5.2/10, as measured by crypto market sentiment […]

Bitcoin Price Dragged Below $7,000 By Return to Market Chaos

Bitcoin Price Dragged Below $7,000 By Return to Market Chaos

Bitcoin price just broke below $7,000 Monday morning after a late Friday evening rally pushed the asset over the key level for the weekend. However, coronavirus concerns have returned to traditional markets, causing major turbulence to kick off the day, which may have also caused Bitcoin to tumble. Could a repeat of last month’s mayhem and […]