Record $255 Million Withdrawn from Crypto Funds and Trusts in Five Days
The American banking industry's recent events have sent shockwaves throughout the investment community, causing major institutional investors to panic. Over the course of just five days, a staggering $255 million was withdrawn from cryptocurrency funds and trusts. This marks the fifth week in ...
Jim Cramer advises to sell Bitcoin amidst mistrust in classical financial system
Jim Cramer, the popular financial news columnist and host of Mad MoneyGram, has recently announced his decision to sell his bitcoins, despite the growing mistrust in banks and the traditional financial system. Cramer discussed the recent bankruptcy of major US banks, Silicon Valley Bank (SVB) and ...
Investment CEO Predicts Bitcoin to Reach $100,000 in 2023
The CEO of investment firm Capriole has high hopes for Bitcoin, predicting that the cryptocurrency will experience a textbook-perfect push towards $100,000. Despite recent turmoil in the banking industry, Bitcoin has shown signs of recovery, surpassing the $26,000 mark at one point. Charles Ed ...
Galaxy Digital CEO Michael Novogratz advocates for investing in Bitcoin and Gold
Galaxy Digital CEO Michael Novogratz has reiterated his support for investing in bitcoin and gold, particularly in light of the recent banking crisis in the United States. During an appearance on CNBC's Squawk Box, Novogratz pointed out that banks often cut back on lending in order to restore the ...
Morgan Stanley Report: Bitcoin is Now a Speculative Asset Rather Than a Currency
According to a recent report by Morgan Stanley, Bitcoin is no longer viewed as a traditional currency, but rather as a speculative asset. While Bitcoin was originally designed to function as a decentralized means of carrying out transactions and storing savings without the need for an intermediar ...
Bitcoin surges to $24,000 with launch of event-based contracts on CME
Bitcoin's Value Soars to $24,000 Following CME's Introduction of Event Contracts The Chicago Mercantile Exchange (CME) has made an announcement about the launch of event-driven futures contracts for Bitcoin. In addition, the concerns surrounding US banks have dissipated, leading to a 10% surge in ...
Rich Dad Poor Dad Author Advocates for Precious Metals and Bitcoin in the Face of Economic Collapse
Robert Kiyosaki, the acclaimed author of the best-selling book Rich Dad Poor Dad, has recently voiced his support for the first cryptocurrency and predicted the collapse of the American economy. Kiyosaki has repeatedly emphasized the challenging times ahead for both the American and global econom ...
Cryptocurrency “Whales” and “Sharks” Accumulate BTC at an Impressive Pace
Santiment, a company specializing in analyzing social metrics and data across various platforms, has released a report indicating that cryptocurrency "whales" and "sharks" are quickly accumulating BTC once again. Last week, when the price of the first cryptocurrency plummeted to $20,000, wallet o ...
Economist Peter Schiff Urges Followers to Sell Bitcoin Due to Looming Bankruptcies
Renowned economist and outspoken cryptocurrency critic, Peter Schiff, is urging his followers to divest from digital currencies, warning that the industry is on the brink of more bankruptcies in the near future. Schiff cites the recent bankruptcy of Silvergate Bank, which serviced numerous crypto ...
Bitcoin and Cryptocurrency Market Experiences Significant Drop
On March 9th, Bitcoin rates experienced a sharp decline, dropping below $20,000 for the first time in two months. According to experts, the reason behind this drop can be attributed to the liquidation of Silvergate Cryptobank and the unveiling of the US budget for 2023. President Joe Biden ann ...