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Tag Archives: Coronavirus (COVID-19)

Bitcoin Price Will Skyrocket as Markets Riddled by Election Uncertainty, Analyst Says

Octavio Marenzi, founder and CEO of capital markets consultancy firm Opimas LLC, recently predicted that the current economic situation will shoot Bitcoin’s price “through the roof.” Simultaneously, he suggested that the traditional financial markets will suffer as the COVID-19 fears grow. Opimas CEO: Bitcoin Will Shoot Through The Roof Appearing on RT’s Boom Bust, Marenzi was asked about the current state of the financial world and his prediction by the end of the year. He...

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Poll: 73.4% Of Argentinians Believe Cryptocurrencies Will Best Protect Their Savings

With the local economy continuing to suffer and the Argentinian peso devaluating, over 73% of participants in a recent poll voted that cryptocurrencies are the most efficient saving mechanism. Nearly as many responded that they have invested in at least one digital asset.Argentina’s Economy Following The COVID-19 LockdownsThe South American country had been suffering even before the government initiated extreme measures in an attempt to fight the expanding COVID-19 pandemic threat. Argentina...

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JPMorgan: Young People Buy Bitcoin, Elderly Invest in Gold

The financial crisis prompted by the COVID-19 pandemic has highlighted the various investment approaches initiated across different age groups. According to a new JPMorgan analysis, elderly generations have turned to more traditional assets such as gold and bonds, while younger people have gone for Bitcoin.Old For Gold, Young For CryptoBloomberg cited the latest JPMorgan research oriented at retail investors’ behavior during and after the COVID-19 crisis. The strategist team led by Nikolaos...

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US Citizen Used $1.1M of COVID Emergency Loans to Buy Crypto

The US Department of Justice (DOJ) arrested a Houston resident for allegedly fraudulently accessing over $1.1 million of Paycheck Protection Program (PPP) loans and using it to buy cryptocurrency.The Suspect Took PPP Loans on Behalf of 2 CompaniesOn Tuesday, Times Record News reported that Joshua Thomas Argires, 29, was taken into custody by the DOJ for fraudulently obtaining and using $1.1 million of PPP loans for personal expenses and buying cryptocurrency.For those unfamiliar, the PPP is a...

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Lebanon Financial Crisis Worsens But Can Bitcoin Provide a Solution?

Middle East’s Lebanon is a country with well-known economic issues, deepening for years and peaking during the COVID-19 pandemic.With the nation’s unfavorable situation, numerous prominent economists have offered widely-ranging solutions to the depreciating local currency and USD dependence. Nevertheless, a recent report explored the possibility of a more untraditional solution – Bitcoin.Lebanon: How Did It Get Here?The country’s economy is primarily based on services with the tourism sector...

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Max Keiser On How He Bought BTC For $1 In 2011 And Why Bitcoin Is Like The Mona Lisa (Exclusive Interview)

Max Kaiser is a well-known American broadcaster and filmmaker. His previous experience includes anchoring an analysis program called On The Edge and producing a TV series on the Al-Jazeera English network.Currently, he’s the host of his own widely-popular financial program called the Keiser Report. Apart from his TV and online appearances, Keiser is also a long-time Bitcoin and cryptocurrency proponent.CryptoPotato recently had the chance to interview Keiser, where he said that his first...

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Bitcoin Dropped To $9,050 Following Stock Market Tumble: Friday Price Watch

Bitcoin and most altcoins have retraced slightly in the past 24 hours, after a few days of gains. Interestingly, similar price fallbacks are visible in the traditional stock markets, as the Dow Jones is down by 1.4%.Bitcoin’s False BreakoutAfter the unsuccessful attempt to conquer $9,500, Bitcoin hovered above the significant 50-MA level at $9,300. However, the primary cryptocurrency has since slipped below it as it went from $9,440 to its current position at $9,150 in a few hourly candles....

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China Reports Bubonic Plague Case, Should Bitcoin Miners Worry?

Authorities of Chinese city Bayan Nur issued a warning on Sunday after a reported case of bubonic plague. The city is located in the autonomous region Inner Mongolia – one of the world’s most attractive regions for Bitcoin miners.Germ Behind Bubonic Plague Killed a Third of Europe’s PopulationBayan Nur’s health committee issued a third-level alert, which is the second-lowest in a four-level system related to public health risks. The warning came after authorities confirmed one case of bubonic...

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Lithuania To Sell 24,000 Blockchain-Based Digital Tokens Called LBCOINs Next Week

According to a recent report, Lithuania may be the first nation to launch a central bank-backed digital coin in the eurozone. The country’s central bank plans a pre-sale of twenty-four thousand blockchain-based digital tokens called LBCOINs.Lithuania To Sell 24k Blockchain-based TokensA Reuters report from earlier today informed that the Baltic country has completed the development stages of the LBCOINs and is preparing for the pre-sale next week.Each of the twenty-four thousand...

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Almost 70% Don’t Ever See Gold Price Flipping Bitcoin Price

A recent poll by the popular gold proponent Peter Schiff indicated that most of his followers believe that the price of the bullion will never surpass Bitcoin’s.One BTC > Ounce Of GoldPeter Schiff is a prominent US economist and a famous gold-bug. However, he is also a well-known Bitcoin basher and rarely misses an opportunity to lash out against the primary cryptocurrency.He recently published a rather compelling poll on his personal Twitter account, asking, “how long do you think it will...

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