Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore
Deutsche Bank has published a report stating that bitcoin is too important to ignore, noting that it is now the third-largest currency in terms of the total value in circulation.
Bridgewater's Ray Dalio Warns Government Could Restrict Bitcoin Investments, Impose 'Shocking' Taxes
The founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm, has warned that the government could “impose prohibitions against capital movements” into assets such as bitcoin. He added that regulators may also impose changes in taxes that “could be more shocking than expected.”
Anthony Scaramucci Compares Bitcoin to Early Amazon, Talks About 64x Returns
SkyBridge CEO has compared Bitcoin to Amazon shares after the IPO, which have shown a gargantuan rise by now.
Why Is Forex Trading More Popular Than Bitcoin In South Africa?
Forex trading offers more stability and liquidity, while cryptocurrency is a high-risk, high reward opportunity. While South Africa is the biggest forex market in Africa, it ranks third after Nigeria and Kenya in bitcoin trading. However, like other countries, bitcoin adoption has grown significantly in the country. With the government tightening regulation on crypto, the growth of bitcoin trading in South Africa is a wait-and-see situation.
U.K Advertising Watchdog Bans Bitcoin Advert
The U.K advertising regulator has banned an advertisement by the cryptocurrency exchange Coinfloor aimed at pensioners, on the grounds that it was misleading.
Bitcoin Jumps As Fed Signals Greenlight and Funding Rates Cool off
Following the FOMC meeting, the US dollar retreated as Treasury yields dropped. This is positive news for Bitcoin, as investors and institutions will turn to the digital asset as a hedge from inflation and the dollar.
'Deflationary' Eth2 could flip Bitcoin: Messari analyst
Senior research analyst at Messari, Ryan Watkins, predicts that Ether could overtake Bitcoin as the top crypto asset once its Eth2 overhaul is complete.
How Reliable Will Bitcoin Be As A Hedge Against Inflation?
Bitcoin has a limited supply of $21 million so it can’t be printed to infinity like the dollar. Its price has risen dramatically over time and continues to do so. However, is it too new as an asset to be a reliable hedge against inflation?
Survey: 2 in 5 Americans to invest stimulus checks into Bitcoin
A recent survey found that stimulus check recipients in the US were more likely to invest in Bitcoin and other cryptocurrencies ahead of traditional stock offerings.
Is Bitcoin the Answer to an Impending Post Covid Tax Storm?
The United States and other countries could “impose prohibitions” on Bitcoin as part of “shocking” tax changes, investor Ray Dalio has warned. In his latest article on LinkedIn, Dalio — a recent convert to Bitcoin as an investment opportunity — laid out a bleak future for the US. investors.
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