CEO: Bitcoin Could Soon Be a Powerful Hedge Against Inflation

The CEO of consultancy firm Agecroft Partners, Don Steinbrugge, recently praised Bitcoin as “fantastic technology” while discussing nontraditional investments on CNBC. He believes that it’s one of the best nontraditional investments to have in a portfolio.  “It’s been an amazing run, it’s fantastic technology; some people are using it as a way to hedge against […]

Facebook Cryptocurrency Libra Could Destroy the U.S. Dollar, Warns Rep

Facebook’s Libra cryptocurrency has undeniably caught the attention of Federal Reserve Chairman Jerome Powell. “Libra raises serious concerns regarding privacy, money laundering, consumer protection, financial stability,” he said. “These are concerns that should be thoroughly and publicly addressed,” he warned. These comments came during a Congressional committee hearing. Rep. Maxine Waters, D-Calif., chairwoman of the House Financial Services […]

IMF Chief: ‘Massive Disruption’ from Cryptocurrencies Will Give Fiat Currency a ‘Run for Its Money’

Cryptocurrency sentiment is running scared, which from a contrarian perspective is more bullish than most suspect. Google searches for Bitcoin information have hit the highest level in the past six months. That’s an indication that the lower prices are now sparking renewed interest in Bitcoin. It’s still questionable whether or not we’ve seen a final […]