Tag Archives: Bitcoin Economics

So-called “bitcoin whales” appear to have a considerable influence on the cryptocurrency market, according to a new report. At the same time, whales are a dying breed. The founder of crypto watchdog Whale Alert explains why. It’s fair to say that bitcoin whales have a reputation for running the show when it comes to the crypto markets. Whether this is an accurate account of the role whales actually play within the ecosystem remains an open question. With his eyes trained on every major...

A Venezuelan man has used the bulk of his bitcoin savings to pay the medical costs of his son’s birth. Many consider adequate healthcare a universal human right but only few in the inflation-ridden country can actually afford it. José Rafael Peña, a materials engineer from Caracas, outlined the payment process which took a day to clear and gave his son the best possible start at a new life. It also bolstered the case of bitcoin as a superior medium of exchange than gold: “But...

The global dollar shortage is a looming crisis that doesn’t get much media attention. Instead, we keep hearing about the trade war and the seesawing stock market but almost nobody talks about the biggest problem that overshadows them all. There’s a shortage of dollars in the global financial system. China, one of the countries that sorely needs dollars, has been boosting its gold reserves over the last ten months. According to economist Luke Gromen, the Asian giant may be planning to use...

Travis Kling is the founder and chief investment officer of crypto asset management firm Ikigai. He recently went on air on CNN and gave the best description of what bitcoin is. In the interview, Mr. Kling said, Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized, digital store of value. The on-point definition made Kling an instant celebrity in the Crypto Twitter community. Now, the crypto asset management firm CIO has dropped another bombshell. In a recent...

Conspiracies concerning the manipulation of bitcoin futures may now have some grounds, as researchers claim to have found a "striking systematic trend" between BTC price action and futures expiry dates.Cries of foul play surrounding CME's bitcoin futures contracts are almost as old as the derivatives themselves. For months, the expiration date of the cash-settled contracts has inconceivably lined up with adverse price movements in bitcoin. Though purportedly coincidental, this occurrence has...

Anyone expecting a new record high bitcoin price by the end of the year is likely to be disappointed.Based on the previous cycles of BTC price activity, we probably won’t see bitcoin smash back through $20,000 before at least May 2020. The reason is simple:Bitcoin has never recaptured an all-time high before a halving eventLook at the Coin Metrics chart below, marked with the halving every four years, edited by CCN to mark the price at each event. In the last two cycles, BTC has failed to...

Bitcoin's suddenly boring again. Has $10,000 become the yawn-inducing new normal for BTC, or will the market wake back up soon? | Source: ShutterstockAfter bitcoin’s parabolic renaissance sparked hopes of new highs back in April, the expectation of BTC reclaiming $20,000 has become a fleeting reality. In recent weeks, bitcoin has sluggishly ranged between $10,000 and $11,000, causing its trademark volatility to vanish.Tranquil Bitcoin Market Leaves Traders Daydreaming of More Volatile...