Tag Archives: coronavirus

Bitcoin continues to solidify its position as a potential tool for hedging one’s wealth, according to most analysts. The world’s number one cryptocurrency by market cap garnered this newfound reputation during the early days of the COVID pandemic, and it doesn’t seem to be letting up anytime soon.Bitcoin Has a Swelling ReputationThe idea has emerged in recent months that bitcoin is somehow safer and more stable, even, than assets like gold, and far stronger than the U.S. dollar, which is...

The price of bitcoin just keeps shooting up, up, up. Thus, it looks like 2020 is shaping out to be one hell of a year in many ways. The currency – which just a day or so ago was trading for around $16,800 – has just shot up another $1,000, and the currency is now trading for well over $17,700, the highest it’s been in a long time.Bitcoin Just Continues to Shoot NorthIt’s been mentioned that bitcoin could potentially hit its all-time high of roughly $20,000 by the time we’re ready to say hello...

It just goes to show you that bitcoin should never be held in doubt. The currency – which had recently fallen by about $400 to around $15,800 – has shot up by more than $1,000 and is now trading for approximately $16,800. As we edge closer and closer to the holiday season, it appears more likely that bitcoin will potentially repeat its 2017 patterns and hit the $20,000 mark.Bitcoin Is on a Serious RollThe currency has had a very up and down year, but as of late, the asset is dead set on the...

PayPal is clearly moving as quickly as it can. Just a few weeks ago, the company announced that it was changing its platform so that users could potentially purchase cryptocurrencies such as bitcoin and Ethereum. In addition, customers could also pay for items and services utilizing digital assets.PayPal Removes All Recent RestrictionsWell today, it looks like all of PayPal’s cryptocurrency services are being made available to all customers in the United States, suggesting that the company is...

The bitcoin price is still on the rise. The world’s number one cryptocurrency by market cap has just hit the $16,000 mark for the first time since January of 2018. It is now less than $4,000 away from its all-time high, which it attained in December of 2017.Bitcoin Strikes Its Largest Territory in YearsThe year has been very up and down for the currency, and yet for the most part, the asset has seen one of its strongest periods. It was back in March when the asset first fell from around...

Well, the news is out. We’re on the verge of fully developing a coronavirus vaccine. The remedy comes by way of Pfizer, which is one of many companies that have been working on a formula to combat this deadly disease that has been putting certain portions of the world on lockdown for roughly eight months. This is good news to say the least, and yet it appears to have had a negative effect on bitcoin, which seemingly fell by more than $1,000 after the announcement was made.Bitcoin Falls After...

New research is suggesting that if a second round of stimulus checks are approved, the bitcoin price is likely to react positively.More Stimulus = Higher BitcoinWhen the coronavirus pandemic first struck global markets in March of this year, bitcoin sunk down to the high $3,000 range. The asset struggled to make a name for itself the way cash and stocks did, with the former struggling due to inflation. However, many people, over time, began to see bitcoin in an entirely new light, feeling...

Former Facebook executive Chamath Palihapitiya says that bitcoin is the only insurance policy available today against inflation and other economic strife.Palihapitiya: We All Need Some BitcoinIn a recent interview, Palihapitiya commented that while many bitcoin advocates are struggling to understand who is better for the economy in this coming election – either Trump or Biden – he says that neither candidate will do well for the U.S. dollar. In a classic prediction of gloom and doom, he...

When it comes to bitcoin, these last few weeks have been classic cases of “the good news and the bad news.”Bitcoin Has Been Shaky, but It’s Also Been Pretty Solid in Several WaysThe bad news is that not too long ago, bitcoin was trading for over $12,000 and unfortunately, this didn’t last. The currency ultimately fell into a black hole of sorts that took it all the way down to the low $10,000 range before it began to show small signs of life here and there that eventually brought it back up...

How strange is it that the coronavirus has led to the suffering of banks but the overall establishment of bitcoin as a potentially mainstream asset? According to most analysts, the situation is not strange at all.Bitcoin Is Now More Mainstream Than EverBitcoin was largely speculative prior to the spread of the coronavirus pandemic. People saw it as something that could be invested in and something that could get them a lot of money if they played their cards right, but that’s about it. Nobody...