Tag Archives: volatility

Billionaire investor Ray Dalio explained in a recent tweet he’s likely missing something when it comes to bitcoin, though what he’s missing isn’t clear considering he used the rest of his “social media time” to pass negative thoughts on the coin and explain why it could never be used as a mainstream currency.Ray Dalio: Bitcoin Is Too VolatileBitcoin has done quite well as a speculative asset, but at the end of the day, it – along with various other cryptocurrencies – was created to serve as a...

Mike McGlone of Bloomberg has stated that bitcoin can potentially reach the $100,000 mark over the next five years as it gets closer to becoming a store of value instead of a payment currency.McGlone: $100K Could Be Here SoonOver the past seven months, something rather strange and intriguing has happened with bitcoin. For a long time, the agenda of crypto serving as a payment system has been pushed with little to no success. While there are a few platforms out there that accept BTC as a...

It was recently announced that mega online payments firm PayPal would now allow users to purchase both goods and services with bitcoin and other forms of cryptocurrency. Some have called this news huge, such as Mike Novogratz, who believes that bitcoin is about to march deeper into mainstream territory.Some Say “So What” About PayPal Permitting BTCFor others, however, while the news is ultimately positive for bitcoin and the digital payments community, they don’t consider it a huge...

Bitcoin is back up again. At the time of writing, the price of the world’s number one cryptocurrency by market cap has surged more than $300, and it is now trading for just over $11,700, marking the highest it’s been in several weeks.Bitcoin May Be Facing Some Trouble SoonThe currency has been on a roll ever since October came about, and analysts are excited to see the currency make another attempt at gloriously reaching $12,000. While it’s still a few hundred dollars off the mark, things...

News of institutions getting more involved in crypto appears to be pushing the bitcoin price to new heights.Bitcoin Is Surging Unlike Any Other AssetThings started out last month when it was announced that MicroStrategy had purchased roughly $400 million or more in bitcoin. From there, other companies began to follow suit. For example, Square – a digital payment firm – bought roughly $50 million worth of the world’s number one digital currency by market cap, while Stone Ridge also invested...

The volatility of bitcoin has fallen to a new low, according to both charts and analysts alike. Overall, the currency’s volatility has dropped to its lowest point in 23 months and has fallen by approximately 43 percent over the past week.Bitcoin Volatility Reaches a New BottomThe data is there in that all one needs to really do is look at the present price of bitcoin and its recent patterns. For one thing, the currency has remained above $10,400 for the past several days. $10,400 was...

Well, it looks like we may have spoken too soon when it comes to bitcoin. We were all so sure that the $11,000 price it just reached roughly 48 hours ago would stick around this time, but it looks like that’s not the case. Volatility is coming back, and we’re witnessing it today as bitcoin has dropped roughly $600 to $10,400 at press time.Bitcoin Drops into the Low $10K RangeThis is a rough time for bitcoin considering how up and down it’s been over the past several weeks. The currency has...

Bitcoin is once again at the top of the financial ladder. New evidence suggests that the currency has surged by close to 30 percent since quarter one of 2020, and that it has also outperformed many leading assets such as gold, silver, and platinum.Bitcoin Is Still the Financial Leader of the YearWhile tools like gold are usually highly valued by investors everywhere, the asset has not experienced the same price swings as bitcoin over the early part of the year. In March, for example, the...

The environment surrounding bitcoin and cryptocurrencies remains uncertain.Is Bitcoin About to Be More Volatile Than Ever?The global economy has taken several major hits over the past few months. The primary culprit is the ongoing coronavirus (COVID-19), which has led to a national shutdown in the United States and many other countries such as the United Kingdom, China, and South Korea. At the time of writing, several areas in the U.S. have rolled back on their opening strategies, with Texas,...

Bitcoin has found a new foe in the form of legendary investor Jim Rogers. In a recent interview, he claims that the worst thing that could happen for bitcoin is that it’s seen as a real and legitimate form of money.Jim Rogers: Bitcoin Needs to Remain SpeculativeSince bitcoin’s initial inception in 2008, the currency has been pushed as a valid currency designed for purchasing goods and services. The asset was built to replace things like fiat and credit cards to give financial power and...