cryptocurrency Archives - Page 7 of 16

Is Bitcoin An Inflation Hedge? Maybe...

Posted on November 15, 2021 by Wayne Burritt

I don't have to tell you that no matter what economic stat you're interested in, the belle of the ball is inflation. It's the one that everyone loves to talk about. It's the one that politicians and talking heads like to worry you about. And it's the one that is responsible for a ton of real-world economic horror stories.

And right now, it stands a mind-boggling 5.4% annual rate, way above the Federal Reserve's target rate of 2%.

So, as a Bitcoin and blockchain enthusiast, is there something that maybe crypto can do for us as we navigate through increasing inflation?

You bet. And I'm about to tell you why.

Yes, Inflation Is Too High

If you're a fan of moderate inflation, you're probably not feeling great right now. Prices are at levels that haven't been seen in decades.

In fact, right now, inflation stands at an annual rate of 5.4% in September, up from 5.3% in August. And we haven't seen these kinds of levels in a long time. See for yourself... Continue reading "Is Bitcoin An Inflation Hedge? Maybe..." →

The New Bitcoin ETF BITO: What You Need To Know Right Now!

Posted on November 9, 2021November 9, 2021 by Wayne Burritt

I haven’t anticipated the launch of a security quite as much as the first Bitcoin Exchange Traded Fund (ETF), ProShares Bitcoin Strategy ETF (BITO). And when it finally hit two weeks ago, it was a ton hotter than even the most fervent enthusiasts expected.

But before you take a dive into this ETF, make sure to listen up for a sec. BITO is not all rainbows and unicorns.

What Is An Exchange-Traded Fund?

Before we get into the nitty-gritty surrounding BITO from ProShares, let’s take a step back and revisit what an ETF is under the hood.

An ETF is a type of security that tracks an index, asset, sector, or another asset. They can be designed to track a wide and diverse collection of assets or a narrower basket. They can also be created to track investment strategies.

In fact, if it’s an asset or index out there, there’s likely an ETF that can track it and let you invest in it. Continue reading "The New Bitcoin ETF BITO: What You Need To Know Right Now!" →

Bank of America's Bombshell Crypto Report!

Posted on October 26, 2021October 26, 2021 by Wayne Burritt

When I told you about the jaw-dropping news that came out of Deloitte's 2021 Global Blockchain Survey, I didn't think another report from a financial powerhouse would be so earth-shattering.

I was wrong.

In Bank of America's Digital Assets Primer: Only the first inning, there were so many cryptocurrency and blockchain bombshells that they made my head swim.

So today, I'm going to break down four of the most important of them. And I'll tell you why each one is potentially game-changing for each and every one of us.

Bombshell #1: Crypto is “Too Large to Ignore”

The report doesn't pull any punches and opens with this salvo: Continue reading "Bank of America's Bombshell Crypto Report!" →

Bitcoin Hits The Target, What's Next?

Posted on October 25, 2021October 24, 2021 by Aibek Burabayev

Last Wednesday, Bitcoin rallied to its highest price ever, reaching just over $67k. The minimum bullish target at the previous all-time high that was preset at the start of the month has been hit. The majority of readers guessed it right.

Loading ...

What's next? I see at least two opposite perspectives. Let us see them one by one.

The chart above is based on the assumption that the next significant move is kicking off now after a considerable retracement from April to June this year. Continue reading "Bitcoin Hits The Target, What's Next?" →

What's Up With Crypto Regulation?

Posted on October 19, 2021October 21, 2021 by Wayne Burritt

Bitcoin Selloff and Comeback was Regulation Driven

Unless you've been under a rock over the past couple of weeks, you know that Bitcoin (BTC) got hammered recently and then made a heck of a comeback. See for yourself...

Source

While volatility and fundamental factors are always at play, the big reason for the selloff was likely the China ban on crypto. Then the big reason for the comeback was likely the reassurance from U.S. regulators that they will not be following China's ban. Continue reading "What's Up With Crypto Regulation?" →

Tag: cryptocurrency