Tag Archives: Bitcoin

With inflation at an all-time high and running rampant like never before, it appears crypto at least has some sort of voice regardless of how thin or quiet it might be. Inflation Is Getting Worse and Worse Inflation has gone crazy under incompetent leaders like Joe Biden. As a result, fiat currencies all over the world from USD to the euro to the pound have suffered greatly, and the Fed has been forced into a position of continually having to hike rates. This has led to...

Bitcoin price started a fresh increase above the $19,000 zone against the US Dollar. The price is now trading above $19,100 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $19,520 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if there is a clear move above $19,550 level. Bitcoin price is rising above $19,000 against the US Dollar. BTC might gain bullish...

It seems that with the bitcoin and crypto markets doing so poorly as of late, crypto fanatics and traders are doing all they can to potentially make themselves feel better about the situation(s). Thus, the new narrative for bitcoin is not that it’s a hedge against inflation or that it’s digital gold. Rather, most crypto traders are telling themselves that “a bitcoin is a bitcoin.” Bitcoin Is What It Is What does that mean, exactly? Well, it seems to mean exactly what it...

Michael Saylor – the CEO of institutional bitcoin bull and software giant MicroStrategy – has announced that he thinks bitcoin has what it takes to reach a price of $500,000 per unit within the next ten years and reach a market cap of roughly $10 trillion. Michael Saylor Still Thinks BTC Will Survive Saylor was confident in his proposal that bitcoin could potentially outdo gold, which up to this stage has been the primary investing tool for most individuals looking to...

In late September, the Fed made the decision to hike rates once again. Joe Biden and the democrats in office have contributed greatly to inflation and other problems due to their lackluster and outright failing economic policies, and the Fed has consistently been forced into a position of pushing rates more north as a means of fighting the problems being caused by this administration. The Fed Has Hiked Rates and Bitcoin Suffered Whenever this happens, the price of...

Jamie Dimon – the head of JPMorgan Chase – has often spoken ill of bitcoin, so we already know he’s not a major cryptocurrency fan. However, in a recent interview, he offered even harsher words about the world’s number one digital currency by market cap, going so far as to say it was a Ponzi scheme and saying it was “dangerous” for investors. Jamie Dimon Shows More Anger Towards BTC The bitcoin and cryptocurrency spaces have fallen into serious problems over the past...

Block Inc. – the parent company of Square – is a company run by former Twitter CEO Jack Dorsey. As a payment processor, the company has been focusing heavily on bitcoin in recent years given how much Dorsey has become a fan of the world’s number one digital currency by market cap. However, according to analyst Dan Dolev who works with Block, the firm is suffering heavily due to this newfound love of BTC, and he says it could ultimately be brought down from its present...

Michael Saylor of MicroStrategy fame is still a major bitcoin believer. Despite all the bearishness that’s happened with the world’s number one digital currency over the past several months, Saylor is confident the currency could potentially come back from its recent mega drops and will again find itself trading above $65,000 in the next four years or so. Michael Saylor Still Loves BTC He even went so far as to say that within the next decade, the price of a single...

Lamborghini of Austin has announced that it will now allow customers to pay with various digital currencies for vehicles. Lamborghini of Austin Is Open to Crypto The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as...

Jesse Powell – the man who brought popular digital currency exchange Kraken to life – is stepping down from his post with the company. Kraken CEO to Remain Onboard as the Chairman Powell will no longer serve as the chief executive of the firm, according to recent news reports. He will be replaced by the chief operating officer Dave Ripley, who first joined Kraken in the year 2016. The transition will occur gradually over the next few months and Mr. Powell will remain...