Hedge Fund Manager Says Sell-off in US Treasury Bonds a Threat to 'High-Flying Assets' Like BTC
Hedge fund manager Bob Prince has warned that the recent sell-off in the U.S. government bond market could accelerate and this could “threaten high-flying assets” like cryptocurrencies and blank cheque companies. Prince, who is the co-CIO at Bridgewater Associates, links this looming downturn in the $21 trillion Treasury market to the improving economy as well, as growing inflation pressurizes.
Domino Effect: Is India the Start of Weaker Governments Banning Bitcoin?
This week, it was revealed that India would seek to impose some of the most stringent rules globally on cryptocurrencies, banning citizens from owning, trading, transferring, or mining assets like Bitcoin and altcoins. But could this be the start of a domino-like effect where other weaker governments and economies attempt to – due to strength in numbers – follow suit and starting banning cryptocurrencies also?
How Bitcoin Will Become A “Report Card” On The Government
In the future, the cryptocurrency, according to a top industry figure, will become a “report card” of sorts, scoring the government and its management of monetary policy. Here’s what that means for Bitcoin and why the asset will eventually take on such a role.
Bitcoin Could Completely Replace $5 Trillion FX Market As Base Layer Currency, Says Max Keiser
Bitcoin evangelist Max Keiser says that BTC has the potential to become the new base layer currency and replace the entire $5 trillion foreign exchange (FX) market.
French Lawmaker Signs Petition to Allow Central Bank to Buy and Hold Bitcoin
A French parliament member has signed a petition to amend the laws to enable the central bank of France to buy and hold bitcoin as well as other cryptocurrencies. The petition urges lawmakers to urgently consider the matter, warning that not owning bitcoin will put France “in a financially weak position within 5-10 years.”
How Bitcoin Can Strengthen The Economies Of Developing Countries
With the advancement of digital currencies comes a sizeable number of opportunities. When leveraged, businesses and different organizations could create alternative and sustainable revenue sources. However, to stretch the possibilities, the economies of third-world countries could actively benefit from the integration of digital currencies.
Bitcoin market value closes in on GDP of Africa’s largest economies
The fast-rising crypto-asset market’s valuation of $1.08 trillion almost equals the GDP of Africa’s three biggest economies combined.
Why Bitcoin Dominance Is No Longer Relevant To Crypto
The best example of dominance losing its importance, is due to the fact that altcoins have been performing so well, beating Bitcoin in ROI across most of the asset class, yet the metric remains firm at around 60% where it has now spent several weeks consolidating.
What Biden's $2 Trillion Stimulus Package Means for Bitcoin
President Biden’s $1.9 trillion COVID-19 stimulus package has been approved by the House—and another round of checks could send Bitcoin higher.
Members of the U.S Government Share Conflicting Views About Bitcoin
Members of the United States government have made several conflicting statements about the benchmark cryptocurrency Bitcoin. While some house members have strongly defended Bitcoin, others have firmly spoken against the asset.
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