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...
Read More »Peter Mallouk: Now Isn’t the Time to Buy Bitcoin
It seems like you just can’t get a straight answer about bitcoin, these days.Should We Buy Bitcoin or Not?The idea amongst many analysts is that bitcoin is going to potentially hedge one’s wealth against inflation and other forms of economic turmoil. Many have said that with the introduction of the stimulus package and most Americans getting $1,200 in their pockets, that the U.S. dollar doesn’t have the same kind of power it once did.Thus, the idea is that one should invest in bitcoin and...
Read More »