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“# Bitcoin may pay out more than gold, says billionaire investor ” American billionaire Stanley Druckenmiller has changed course on Bitcoin, saying it has the potential to store value for future generations. Speaking on CNBC today, Druckenmiller said that, although he was still more heavily invested in gold than crypto, he had purchased at least…
“# 3 reasons why Bitcoin price abruptly dropped 6% after reaching $15,800 ” The price of Bitcoin (BTC) rose to as high as $15,840 before crashing to $14,800. Just five hours after reaching an intraday top, the dominant cryptocurrency dropped over 6%. This massive spike in volatility was likely caused by three major factors. The…
“# Interview: Is the stock-to-flow model flawed? ” The stock-to-flow model is flawed, says Charlie Morris, co-founder and CIO of crypto data firm ByteTree. According to the popular theory developed by quantitative analyst Plan B, Bitcoin’s capped supply is the key feature that will bring its price over $100K in 2021, and beyond. However, as…
“#Zac Efron to Star in Film About Man Who Finds Gold Nugget – /Film” Zac Efron is about to strike it rich. The actor, who just appeared in the Netflix documentary series Down to Earth with Zac Efron earlier this year, is set to star in a survival thriller called Gold. He’ll play a man…
“# Bitcoin, stocks drop as markets uncertain about US election result ” The price of Bitcoin (BTC) suddenly fell by 3% in several hours on Nov. 4 to $13,566 after briefly rising above $14,000. Coincidentally, the U.S. dollar, gold, and stocks all fell together in tandem. Analysts are pinpointing the uncertainty surrounding the election as the…
“# Did Satoshi choose to publish Bitcoin’s whitepaper on Halloween as another Easter egg? ” Satoshi Nakamoto announced the Bitcoin whitepaper on a cryptography mailing list on Halloween 2008. It could be the case that this was a meaningless coincidence, but when we take into account the meticulous planning behind Bitcoin’s launch party, the chosen…
“# Gold drops to 7oz per BTC as Peter Schiff calls Bitcoin ‘biggest bubble’ ” Bitcoin (BTC) hit seven ounces of gold for the first time in over a year this week as the precious metal comes off all-time highs. Data from CoinGecko showed BTC/XAU returning to the pivotal 7 ounce mark on Oct. 25,…
“# Gold ‘breaking down’ against Bitcoin is highly bullish for BTC — Analyst ” Earlier this week, Bitcoin (BTC) advocate and Real Vision CEO Raoul Pal said gold is breaking down against BTC. If the dominant cryptocurrency continues to gain momentum against BTC, it could strengthen its perception as a store of value. In the past month,…
“# JPMorgan turns bullish on Bitcoin citing ‘potential long-term upside’ ” JPMorgan, the $316 billion investment banking giant, said the potential long-term upside for Bitcoin (BTC) is “considerable.” This new optimistic stance towards the dominant cryptocurrency comes after PayPal allowed its users to buy and sell crypto assets. JP Morgan, from “Bitcoin is a fraud…
“# Gold smuggler’s gait gives him away as Paypal launches price action moon mission: Bad crypto news of the week ” It’s been quite a week for Bitcoin, a week we’ve been waiting for. The coin is up nearly 13 percent and burst through the $13,000 barrier. Some of that support came from Paypal’s decision…