Inspired by a bet made by one of the biggest names in traditional investing, Morgan Creek Digital has proposed a $1 million wager of its own. Whereas Warren Buffett’s bet was that the S&P 500 would outperform a group of hedge funds, in Morgan Creek’s wager, the cryptocurrency investment firm will take the side that…
During the last Bitcoin bull run and crypto hype bubble peak, the industry struggled to keep up with the overwhelming demand. Exchanges had no choice but to shut down new user registrations, and new user accounts began being sold on the black market for full Bitcoins as eager retail investors scrambled to buy into the…
While shunning Bitcoin (BTC), central banks have embarked on somewhat of a gold buying spree. Russia’s monetary authority, for instance, now owns over $100 billion worth of the precious metal, which amounts to over 2,000 tons, after purchasing 20 tons just weeks ago. Related Reading: California City Confirms It Was Hit by Bitcoin Ransomware Attack…
Last night, the entire crypto Twitter became electrified with chatter when United States President Donald Trump tweeted about “magic internet money,” also known as Bitcoin and cryptocurrencies. According to Morgan Creek Digital partner and co-founder Anthony “Pomp” Pompliano, while Trump’s tweet was indeed significant, it also sheds a light on how Bitcoin is designed to…
Anthony Pompliano, the founder of Morgan Creek’s “Digital” branch, has long been a zealot for the decentralist movement, lauding the crypto space for years on end. Case in point, each and every week, Pompliano, better known as Pomp to the crypto community, subjects his 179,000 Twitter followers to the “long Bitcoin, short the bankers” rhetoric…
They say the bigger they come, the harder they fall, and DeFi sure fell hard during this market dip. With that, NFTs have suddenly become the next big thing. NFTs are unique tokens that are not interchangeable as a result of their distinctive characteristics. As “one-offs,” the idea of investing in NFTs is gaining ground.…
Kevin O’Leary, the judge of the popular business reality show Shark Tank, has slammed Anthony Pompliano for allocating half of his wealth to bitcoin. “Shame on you,” the television personality told Pompliano on the sidelines of a CNBC Squawk Box debate about bitcoin’s performance against gloomy macroeconomic periods. O’Leary stated that he purchased $100 worth…
While Bitcoin has embarked on a steep recovery since the $3,700 lows seen in March, some have still been questioning the value of cryptocurrency. Case in point: a hedge fund manager named Mark Dow recently shared that he thinks the cryptocurrency is on the “edge of a cliff,” adding:“I’ve been saying…that Bitcoin on the chart…
For a while now, Anthony Pompliano has been a leading champion of Bitcoin (BTC). Best known as “Pomp”, the Facebook staffer-turned-crypto investor and media tycoon has garnered over 100,000 followers on Twitter while lauding BTC. Case in point, his catchy quips, “Long Bitcoin, Short the Bankers” and “Bitcoin is never down”, have become industry favorites,…
If you’ve been on Crypto Twitter over the past 24 hours, you have likely noticed one Bitcoin-bashing tweet from Peter Schiff. The message, which can be seen below, shows the libertarian investor claiming that BTC’s price chart “looks horrible.” Related Reading: Happy 18 Millionth Bitcoin! BTC Scarcity Implies Large Price Rally Schiff, in fact, remarked…