The value proposition of Bitcoin has long been questioned by its cynics. Unlike traditional assets, the cryptocurrency doesn’t generate cash flow, pay out dividends, produce a fixed yield, or have a maturity date. And unlike recognized forms of money, Bitcoin isn’t backed by the power of a government or some asset, like gold. But, Bitcoin’s…
Over the past few months, analysts across the board — from Bitcoin (BTC) lovers to Wall Street’s bulls — have been charting an impending recession. This has left many investors with one pressing question: what should they buy to hedge their risk? According to one prominent economist and former Wall Streeter, Bitcoin is one of…
There was a major downward move below the $10,000 support in bitcoin price against the US Dollar. The price is currently correcting higher, but upsides remain capped near $9,800 and $10,000. There is a major bearish trend line forming with resistance near $9,980 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).…
If you told economists twenty years ago about Bitcoin (BTC) and negative-yielding debt, they would be shocked. In the 1990s or even the 2000s, decentralized digital money and a bond that made your money disappear with time would have seemed abstract — quite abstract. Now, however, these two financial trends, which came to fruition mostly over the…
Over the past week, Bitcoin (BTC) has shed 6.5%, falling to $9,500 from its former support of $10,000. Despite this downward price action, the fundamentals of the cryptocurrency continue to swell, pointing towards a potential rebound in the coming weeks and months. Related Reading: Bitcoin Bull Jack Dorsey’s Twitter Hack Is a Wakeup Call for…
While selling pressure has undoubtedly dissipated, the Bitcoin (BTC) price is still struggling. As of the time of writing this article, the cryptocurrency is trading for $9,550, which is 6.5% lower than BTC was at one week earlier. Related Reading: Prominent Investor Says Bitcoin Has “Failed” As a Safe Haven: BTC Slips 5% But, bulls…
Yesterday, the CEO of Twitter and Square Inc., and staunch Bitcoin and crypto supporter, Jack Dorsey, had his personal Twitter account hacked by the way of a SIM-swap attack and SMS-based backdoor. The hack demonstrates that even the CEO can have his own company’s highly-valuable personal account compromised, and is a painful reminder that if…
Another week, another of Crypto Tidbits. Bitcoin saw yet another tumultuous week in terms of price action. It fell by over 8% in one day, as bears managed to take control of the market. But, despite this downward price movement, this industry continued to trudge forward. Related Reading: Crypto Tidbits: Bitcoin Hash Rate High, Square…
Everything about Bitcoin is heavily steeped in mathematics – defined as the study of quantity, structure, space, and change. Quantity has always been of particular interest to crypto investors and traders – in increasing the quantity of one’s own holdings, and the impact the hard-capped quantity of BTC has on its long-term value. Recently, a…
Despite the drawdown in the price of Bitcoin — which some analysts say would result in a change of tides for altcoins — BTC dominance continues to tick higher. As of the time of writing this, the key market metric is approaching 70% for the first time in years, implying that once again, almost all…