Bitcoin Back Below $30,000 After A Record 8 Weeks In The Red

Bitcoin decoupled from equity markets to the downside on Monday after ending last week as the eighth consecutive weekly loss.Bitcoin has failed to hold the $30,000 level on Monday after scoring its eighth consecutive week in the red for the first time ever.During these eight weeks, which began in late March and ended on Sunday, bitcoin has lost over...

20h

Bank of England Governor Says Bitcoin Is Not Practical

On the Jobs of the Future podcast, governor Andrew Bailey from the Bank of England said bitcoin has no intrinsic value and is not a practical means of payment.Andrew Bailey, Governor for the central Bank of England, appeared on the Jobs of the Future podcast to discuss bitcoin and the future of currency.Bailey explained he believes bitcoin has no intrinsic...

23h

State Of The Bitcoin Derivative Market

The bitcoin derivatives landscape plays a major role in the bitcoin price in the short term. We have yet to see signs of a bitcoin macro bottom. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights...

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Like Ruble, Like Shitcoin — Only Bitcoin Gets Its Value Organically

On examination, fiat and shitcoins share the same trick of getting people to give up real value for promises.This is an opinion editorial by Joakim Book, a Research Fellow at the American Institute for Economic Research, and writer on all things money and financial history.All (fiat) monies struggle with getting their users to hold the liabilities of...

3d

Bitcoin Brings Maximum Pain for Globalists

The macro picture in Europe looks bearish and as the Federal Reserve signals continued hawkish stance, bitcoin provides a hopeful path forward.Watch This Episode On YouTube or RumbleListen To The Episode Here:AppleSpotifyGoogleLibsynOvercastIn this episode of the “Fed Watch” podcast, due to popular demand, I welcome Tom Luongo back on the show! Luongo...

3d

Bill Gates Doesn’t Invest In Bitcoin, Says It Does Not Add To Society

In a recent AMA on Reddit, Bill Gates explained he does not invest in bitcoin or other cryptocurrencies because they do not add to society.Bill Gates recently hosted an AMA on Reddit where he discussed why he does not invest in bitcoin or other cryptocurrencies.Gates explained that bitcoin provides no valuable output and therefore does not add to society....

3d

MicroStrategy’s Bitcoin Holdings And The Grayscale Bitcoin Trust Discount

Shares of GBTC are trading below prices seen during the 2017 bull run and markets are repricing the level of risk of holding MicroStrategy equity. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights...

4d

Yield Curves, Inversion, The Eurodollar And Bitcoin

With indications of inflation appearing on the horizon, how can bitcoin serve as a safeguard against the impact?What is the yield curve?What does it mean when it’s inverted?What is yield curve control (YCC)?And how does the eurodollar fit into all this?Inspirational Tweet:Link to tweet thread.As Lyn Alden explains in this thread: “…the 10-2 curve is...

5d

Russia Legalizing Bitcoin And Crypto Is A Matter of Time, Says Minister of Industry And Trade

Denis Manturov, Russian minister of industry and trade, explains that legalizing bitcoin and other cryptocurrencies as payment will happen given time.The legalization of bitcoin and other cryptocurrencies as a means of payment is only a matter of time according to the Russian minister of industry and trade. The minister explains that the process of...

5d

An Overview Of The Stablecoin Market

The U.S. dollar accounts for nearly 100% of stablecoin value and a window of opportunity for policymakers has emerged with the collapse of UST. In this excerpt from Bitcoin Magazine Pro, we will take a more in-depth look at the redemption mechanism of USDT, and cover why the concerns about the stablecoin...

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