Tag Archives: federal reserve

Rich Dad, Poor Dad author Robert Kiyosaki doubled-down on his vision that Bitcoin has the same role among young people as gold has among the elderly. He also noted that BTC and precious metals “make people smarter, richer, and stronger against Fed.”Bitcoin Will Make You Smarter And Richer: KiyosakiThe author of the New York Best Seller book Rich Dad, Poor Dad, took to Twitter his opinion about Bitcoin, gold, and silver.BITCOIN educates young. Most gold guys old. Bitcoin informing new...

Russian chess grandmaster Garry Kasparov is a supporter of blockchain, cryptocurrencies, and Bitcoin in particular. In a recent interview, he outlined some of the digital assets’ merits, including increasing personal protection and allowing people to reclaim control over their finances.Kasparov Believes Bitcoin Is Here To HelpArguably the greatest chess player of all time, Kasparov spent 225 out of 228 of his active months as the world number one. Upon his retirement in 2005, the former...

Owing to its decade long correlation with the S&P 500 stock market index, Bitcoin stock-to-flow (S2F) model propounder Plan B thinks that BTC should have surpassed it’s previous ATH and hit the $25,000 price mark.‘S&P Implied BTC Price: $25K .. Interesting Times Ahead!’Plan B takes an interesting place amongst numerous other ‘Bitcoin analysts’ on crypto Twitter. A firm believer in the stock-to-flow model that he created for BTC, he posts daily price and market updates on his profile...

The Federal Reserve has unveiled its annual “Survey of Consumer Choice,” and according to the survey results, many people still don’t have the knowledge they need to work with bitcoin.Bitcoin Is Still Low on the Financial LadderThe survey records data for 2019, which for the most part, suggested that more than 70 percent of participants at least knew what bitcoin is. This is a solid difference from the 68 percent the survey recorded the prior year, so that’s something to be happy...

While the perpetrators of the infamous Twitter hack from a few days ago remain unknown, popular cryptocurrency proponent Cameron Winklevoss believes that “we do know who continually hacks the US dollar – the Fed.”The Fed Hacks The USD?During the past few days, the world’s attention is focused on the bold Twitter hack, which had compromised many accounts belonging to famous individuals and companies. Despite the increased media coverage and numerous rumors, though, the perpetrators haven’t...

Virgin Galactic Chairman and Social Capital CEO Chamath Palihapitiya recently doubled-down on his advice that people should allocate at least 1% of their portfolio in Bitcoin as protection.He believes that if the asset skyrockets in value, it would be because of rather damaging world events and the lack of proper countermeasures by governments.Palihapitiya: BTC’s Lack Of Fundamental Correlation Is PositiveIn a recent podcast, the former Facebook executive noted that the US Fed and Treasury...

Max Keiser of RT news told viewers of the latest episode of the Keiser Report that the only way for black America to gain individual sovereignty is through saving money in Bitcoin.Max Keiser: Black America and BitcoinKeiser referenced the 2019 non-fiction book by Isaiah Jackson, titled Bitcoin and Black America, which claims to explore the synergy between black economics, Bitcoin and blockchain technology. Keiser summarized one of the book’s core messages, stating:“Black America will never be...

Former Wall Street hedge fund manager and prominent investor Mike Novogratz recently said that Bitcoin could break the coveted $10k mark soon and jump to $20,000.He also noted that the digitalization of money had begun worldwide, and the US needs to catch up with other nations such as China.Bitcoin To $20K, Says NovogratzNovogratz is the CEO of the cryptocurrency investment firm Galaxy Investment Partners and a long-time Bitcoin proponent. In mid-2019, he predicted that BTC would return to...

Many have gone back and forth regarding how to classify bitcoin. Is it money? Is it simply a speculative asset? How can it be used, and what are most people supposed to do with it when cash and credit cards remain so prominent?Bitcoin Is Money, According to Fed SentimentAccording to economists at the New York office of the Federal Reserve, bitcoin is like an extension of fiat money. In other words, it’s not a new type of money or even necessarily a new coin. Rather, it’s being described as an...

According to a new publication of the Federal Reserve Bank of New York, Bitcoin is not a new type of money. The authors argue that it’s a new type of exchange mechanism, capable of supporting money transfer.The well-known economist and author Peter Schiff backed up the claims, reiterating that once savers lose confidence in it, they will return to gold.Bitcoin is Not a New Type of Money, Fed SaysAccording to Bitcoin’s whitepaper, Bitcoin: A Peer-to-Peer Electronic Cash System, BTC is a...