Tag Archives: crypto

Crypto Long & Short: Coinbase Going Public Isn’t Selling Out – It’s the Start of a Long Game

Crypto Long & Short: Coinbase Going Public Isn’t Selling Out – It’s the Start of a Long Game

With its Nasdaq listing, the exchange will provide on-ramps for many investors. But it’s also changing the system from within. After a dramatic week in which the crypto industry’s eyes were on Coinbase’s Nasdaq debut, it’s time to step back and reflect. Plenty of pixels and airtime have already been beamed. Plenty of analysis has been […]

Crypto Long & Short: Peter Thiel Defines Bitcoin’s Accidental Role in Global Politics

Crypto Long & Short: Peter Thiel Defines Bitcoin’s Accidental Role in Global Politics

Thiel’s comments about China “weaponizing” bitcoin to hurt the U.S. are a warning about the cost of inaction. The battle over bitcoin’s evolving role just became a piece in a complex game of political strategy. Peter Thiel’s talk earlier this week at a Richard Nixon Foundation event thrust the cryptocurrency even further out onto the geopolitical stage […]

Bids for Elon Musk’s Crypto-Themed NFT Pass $1M

Bids for Elon Musk’s Crypto-Themed NFT Pass $1M

The NFT features a gold trophy decorated with “diamond hands,” a group of Shiba Inu dogs, a moon and the crypto term “HODL.” Tesla’s Elon Musk is auctioning off a non-fungible token (NFT)-based “artwork,” with bids now over the million-dollar mark. Tweeted late on Monday, the NFT features a gold trophy decorated with “diamond hands,” Shiba […]

Bitcoin Plunges Below $55K Amid Weak Institutional Inflows, Profit Taking

Bitcoin Plunges Below $55K Amid Weak Institutional Inflows, Profit Taking

“This does not mean the bull run is over, it just means that profit taking is happening,” according to market analyst Lark Davis. Bitcoin is losing altitude on Monday amid weak buying pressure from institutional investors. The crypto market leader fell as low as $54,790.33 Monday morning, having reached a record high of $61,556.59 on […]

Goldman Crypto Chief Flags Institutional Demand Driving Boom

Goldman Crypto Chief Flags Institutional Demand Driving Boom

Goldman Sachs Group Inc. is seeing substantial demand for digital assets from institutions as it works to restart its cryptocurrency trading desk. In a survey of nearly 300 clients by the firm, 40% currently have exposure to crypto, according to Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, speaking on […]

Cathie Wood Says Bitcoin Has Trillions in Market Cap Potential

Cathie Wood Says Bitcoin Has Trillions in Market Cap Potential

Cathie Wood says Bitcoin is in “early days” given its new interest from institutions and its diverse use cases. Speaking as part of a panel for the Bloomberg Crypto Summit, the founder of Ark Investment Management said the largest digital currency has trillions in market capitalization potential. “When you think the market cap of Bitcoin […]

Bitcoin May Be a Better Investment Than Gold, Says DoubleLine CEO Jeffrey Gundlach

Bitcoin May Be a Better Investment Than Gold, Says DoubleLine CEO Jeffrey Gundlach

Gundlach has previously said, “I don’t believe in bitcoin.” “Bond King” Jeffrey Gundlach has had a change of heart on bitcoin. Gundlach – CEO of DoubleLine Capital, an investment firm with more than $130 billion in assets under management – now says bitcoin (BTC, +1.35%) could be a better bet than gold. Gundlach, who’s previously said, “I don’t believe in […]

Visa Signals Further Crypto Ambitions With API Pilot for Bank Customers to Buy Bitcoin

Visa Signals Further Crypto Ambitions With API Pilot for Bank Customers to Buy Bitcoin

Visa (V) is piloting a suite of application programming interfaces (APIs) that will allow banks to offer bitcoin services, the payments giant announced Wednesday. The Visa Crypto APIs pilot program will let clients “easily connect into the infrastructure provided by Visa’s partner, Anchorage, a federally chartered digital asset bank, to allow their customers to buy […]

Mark Cuban Hails ‘Store of Value Generation’ Taking on Wall Street

Mark Cuban Hails ‘Store of Value Generation’ Taking on Wall Street

Cuban believes WSB traders are applying the principles of the crypto world to the stock market. Mark Cuban, the billionaire owner of the National Basketball Association’s Dallas Mavericks, informed old-school investors that Reddit WallStreetBets (WSB) traders, in his mind “the store of value generation,” are “kicking your ass.” In a blog post published Sunday, Cuban said after watching the […]

Everyone On Wall Street Thinks Everyone Else On Wall Street Is Long Bitcoin… But Almost None Are

Everyone On Wall Street Thinks Everyone Else On Wall Street Is Long Bitcoin… But Almost None Are

Once upon a time the Bank of America Fund Manager Survey served a useful indicator of what finance professionals did and thought. Then, over the years, it became a survey which revealed what the prevailing consensus narrative was  – if not what respondents actually did – as survey participants merely answered question in line with what they thought was the right […]