Cryptocurrency
The hype over cryptocurrency investing, such as in Bitcoin and its many peers, has died down considerably in recent years. As of right now, however, cryptocurrency remains a work in progress when it comes to their viability as currency or as an investment. Yet cryptocurrency investing likely is here to stay. Certainly, experts expect a […]
Bitcoin’s potential, as well as its resilience and performance during difficult times, has been catching the attention of previous naysayers. In a significant reversal of opinion, Jamie Dimon, J.P. Morgan’s CEO, is now praising Bitcoin (BTC), noting its “longevity as an asset class.” It’s another example of an institution admitting that BTC has withstood the […]
If you follow the news about the cryptocurrency market you’ve no doubt been reading about how rapidly the Decentralized Finance (DeFi) market grew in 2020. This market is often referred to as the crypto finance market and it has the potential to become the next great crypto boom. The DeFi growth is based on decentralized […]
Bob Iaccino, editor of the Stock Think Tank, sees the relative stability of Bitcoin compared to gold as a sign that its legitimacy as a hedge is coming into view. Both gold and the S&P 500 are down in the past week, roughly. “You can’t sell gold to raise cash for margin calls if you […]
The Bitcoin vs. gold battle rages on as the two are best-performing assets of 2020. The price of gold is up 26% this year, while Bitcoin has soared 87% — both dwarfing the 5.27% return of the S&P 500. Driving that performance is their promise as safe-haven assets. The coronavirus pandemic sent shockwaves across the […]
When you look at past technological developments — from the 19th century industrial revolution through the introduction of the telephone, personal computers, Internet, and smartphones — there is a typical pattern for adoption of new technology. Technological progress is increasing at an exponential rate. And the adoption of new technologies is also rising at an […]
Many investment advisors are beginning to recommend some exposure to Bitcoin (BTC) and some alternative (alt) coins, such as Ethereum (ETH). But the biggest hurdle for many analysts is how to evaluate BTC’s value. There are many valuation models for stocks, bonds, and commodities, but when it comes to a digital asset/currency like BTC, it […]
Bitcoin has been stronger than I had expected for the past week, partly for the same reason the stock market has shown renewed strength after its decline in September. The markets are beginning to predict a Joe Biden win and all the government money that will flow from the Democratic spending plans. The financial markets […]
The American-Sino trade war initiated by President Trump in late 2017 was roiling the global economy long before the coronavirus pandemic struck. Between 2018 and 2019, the United States imposed tariffs on more than $550 billion worth of Chinese goods. China retaliated by imposing tariffs on $185 billion worth of American goods. Trump’s trade war […]
Bitcoin has been coiling sideways since its early September decline. The relatively quiet five-week consolidation will likely be followed by a big move that could go either way. As depicted on my chart, I expect the big move to be to the downside but only to complete a larger a-b-c pullback pattern from the August […]
