Showing posts with label bitcoin. Show all posts
Showing posts with label bitcoin. Show all posts

Investors Turning to Bitcoin as Hedge Against Inflation - Billionaire investor Paul Tudor Jones Explains Why...


Billionaire investor Paul Tudor Jones says cryptocurrency right now is a better hedge against inflation than gold.

"It would be my preferred one over gold at the moment" Jones said "Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold at the moment."

Jones, a bitcoin and crypto bull, also told CNBC he’s very worried about rising inflation, saying it’s posing a major threat to the U.S. financial markets and the recovering Covid-hit economy."I’ve got crypto single digits in my portfolio" Jones said, referring to the percentage of his holdings in cryptocurrencies.

Back in June, Jones told CNBC that bitcoin is a great way to protect his wealth over the long run, calling the world’s biggest crypto a store of wealth like gold.

Gold as an investment that hedges against inflation would generally rise along with the rapid growth in consumer prices. Gold lost 8% over the past 12 months compared with bitcoin’s 437% one-year gain.

Often referred to as digital gold, bitcoin was also designed as a payment system, though its adoption as money to pay for things has been slow due to the volatile nature of the digital coin.

Essentially flat earlier in the morning, bitcoin moved higher after Jones’ crypto remarks. It hit a new all-time high above $66,000 on Wednesday, rising above April’s record.

Bitcoin struggled over the summer, trading briefly below $30,000 before turning higher again in advance of the launch of the first U.S. bitcoin-linked exchange-traded fund.

The ProShares Bitcoin Strategy ETF jumped 4.8% in Tuesday’s debut session and another 3% on Wednesday. The ETF tracks bitcoin futures, or contracts speculating on the future price, rather than the cash price.

Jones said he’d rather own bitcoin itself than the futures-tied ETF. However, he said the ETF will do fine and investors should "take great comfort" that it’s been approved by the U.S. Securities and Exchange Commission.

Video courtsey of CNBC.

Bitcoin Hit The Moon As It Broke $60k Today - Will We Keep Flying Towards Mars? Or Burn Up On Re-Entry?

For the first time in 6 months - Bitcoin broke $ 60,000, approaching its all-time high of $64,863.10.

Confidence is growing among investors as rumors hit the market that the US SEC will approve an exchange-traded fund (ETF) based on bitcoin futures as soon as next week.

The previous day teased traders when Bitcoin peaked at $ 57,125 near midnight on Thursday, and left many feeling we were on the cusp of finally crossing $60k again. 

At the time of publishing, Bitcoin sits just 8% away from it's all time high... 

Now the question is: Will crossing the $60k threshold be the warning sign for people sitting on the sidelines to finally take the leap and buy Bitcoin?  Will current traders HODL what they have and buy more?

Or will traders be tempted to take profits now, while the price is close to BTC's all-time high?

We expect to officially know the SEC's decisions on bitcoin futures ETFs on Monday, but so far there's been nothing coming out of the SEC to dispute the rumor - a sign it's likely true.

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Author: Ryan Stewart
Silicon Valley News Desk | Breaking Crypto News


Edward Snowden Warns Of Bitcoin's EVIL TWIN, a Tool Of 'Crypto-Facists'...

Bitcoin's evil twin

Former CIA turned whistleblower Edward Snowden calls central bank digital currencies the 'evil twin' of decentralized cryptocurrencies like bitcoin. For him, CBDCs - as they are known as Central Bank Digital Currencies - are "crypto-fascist" tools.

"A Perversion Of Cryptocurrency..."

The computer specialist, who resides in Russia as a fugitive from US justice for leaking thousands of 'top secret' documents wrote on his personal blog.

"I will tell you what a CBDC is NOT—it is NOT, as Wikipedia might tell you, a digital dollar. After all, most dollars are already digital, existing not as something folded in your wallet, but as an entry in a bank’s database, faithfully requested and rendered beneath the glass of your phone.

Instead, a CBDC is something closer to being a perversion of cryptocurrency, or at least of the founding principles and protocols of cryptocurrency—a cryptofascist currency, an evil twin entered into the ledgers on Opposite Day, expressly designed to deny its users the basic ownership of their money and to install the State at the mediating center of every transaction. "

Snowden, values ​​privacy across the board, including financially, which is why the idea of an 'official state ledger' that can be continuously scrutinized and eternally reviewed alarms him.

Where Things Stand Now...

The 'Digital Yuan' which is the CBDC to be issued by the Central Bank of China in the 'advanced stage' of testing - total anonymity is not possible and the Government decides who can have permission to access the centralized database in which transactions are recorded.

Both the United States and European Union say they're in the process of evaluating the benefits of issuing their own CBDC's, the 'digital dollar' and 'digital euro'.

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Author: Mark Pippen
London News Desk / Breaking Crypto News



Bitcoin Is Being Transferred Off Of Exchanges At The FASTEST Rate Ever - Will HODLers DOMINATE The Market?

 

Bitcoin 2021

Despite Bitcoin's slow recovery from the $52k to $45k plunge earlier in the month, analytic firm Glassnode recorded the transfer of $1.2 billion of bitcoin off major exchanges.

Bitcoin being taken off exchanges is a clear sign that the owner is storing it instead of keeping it on an exchange where they can easily sell it.

This confirms that bitcoin accumulation continued as the price fell.

How Many Are Truly HODLing? Here's the numbers...

Long-term holders (LTH) are those who have owned their BTC for more than 155 days, they purchased it before mid-April, while short-term holders ( STH ) bought after the historical high on April 14.

In total, short term holders have amassed 16.8% of bitcoin's supply in the last five months, or about 3.16 million bitcoins.

While long term holders now own 79.5% of bitcoin's supply.

Signs Of What's To Come...

In the graph below, you can see two things: long term holders are at a historical high, and the accumulation of Bitcoin off-exchanges creates a supply shortage that typically triggers a price increase.

"Accumulation highs precede a price high" the report states.

Bitcoin stats 2021

The amount of Bitcoin that moves from short to long term holders per month averages 421,000. This rate is expected to continue into the final quarter of the year, when true scarcity could drive bitcoin to record-breaking prices.

If FOMO kicks in, it all may happen at a record-breaking speed as well.

So - be ready.

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Author: Mark Pippen
London News Desk / Breaking Crypto News



Voyager App Review: $25 Bitcoin FREE For Everyone in The USA - New Crypto Trading App...

voyager app review crypto

Voyager Crypto App Review: Created by a team of finance and technology industry veterans with founders from organizations like E-Trade, Uber, TradeIt, Lightspeed and more, the Voyager app recently launched with limited availability in several US states.

Everyone who signs up here first, then downloads the app, gets $25 Bitcoin in their account.

That free bitcoin can be traded for 20+ other coins if you prefer something else.

But availability isn't limited any longer - as they just opened up to residents of 49 US states (all but New York).

What's different about Voyager?

A couple interesting new concepts.

First, the are not an exchange, they act as the middleman.  When you go to purchase a coin, it hunts for the lowest price among several exchanges.  But you won't notice it, because when they execute the buy it all ends up in your Voyager wallet, instantly. It feels no different than buying direct from the source.


Second, no fees!  Voyager is so confident their app will find you a price below the market average, their fee comes from splitting the savings with you!  If Voyager can't find a below-market price deal, they take the loss and still give it to you without fees!

They claim to successfully find customers a lower price on 90% of orders.


20 Coins And Growing...

With built-in profit tracking you can easily follow your progress with the math done for you.

Current list: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Bitcoin Satoshi Vision (BSV), EOS (EOS), Stellar Lumens (XLM), Litecoin (LTC), Ethereum Classic (ETC), Ontology (ONT), Zcash (ZEC), Tron (TRX), Cardano (ADA), Iota (IOT), Neo (NEO), VeChain (VET), Qtum (QTUM) and ICON (ICX) at the time of writing this review of the voyager app. 

...and that's just the beginning. They plan on continuing to grow their list of offered tokens.

Also note, you can exchange your $25 BTC credit for any of the coins on this list.

Availability...

This is where they're still a bit behind.

If you're on an iPhone, and live anywhere in the USA besides New York - you're ready to go!

If you're on Android, it's coming very soon.  But still sign up for the $25 credit now, that way you'll still get it when the app is released.

If you're in New York, you cannot use it yet regardless of what phone you have.  The process of working with NY regulators to obtain a BitLicense takes a bit longer than the process in other states. They hope to add it soon.

To get the $25 welcome credit:

Follow these instructions in order or you won't get it!

Before installing the app, sign up at TheVoyagerExchange.com

Then download the app.

Then sign in to the app using the same e-mail address as you did on their website.

That's it!  It took me a couple days but you'll get an e-mail soon saying you've been credited. Hope you enjoyed my Voyager crypto app reivew!

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Author: Oliver Redding
Seattle News Desk






Why This Rally ISN'T Like Last Time - The BIG Reason Why It's Actually MUCH BETTER...

Bitcoin rally

Bitcoin's price crossed the $50,000 level for the first time since May.

As a result of this rally, more than 90% of the coins on the network now exceed their purchase price - which means that less than 10% of those who invested in bitcoin have suffered any losses.

Not Like Last Time, for One BIG Reason...

It's important to understand - last time Bitcoin broke $50k a big reason behind the rise was people trading with leverage (borrowed funds) which amplifies both risk and returns.  It allowed people with $100 to their name to run up the market by thousands.

If you haven't traded with leverage, this may sound great - but it's a double edged sword, they take back their money and all of yours if it begins to lose even a little.

But This Rally Was Organic, Driven By Real Buying...

This recovery however is based on real buys, with the leverage markets lower than ever.  Partially because of how badly it turned out for many last time, and because two huge sources of leverage trading, Binance and FTX Trading, lowered their highest leverage amount from 100X to 20X.

However - be prepared for leverage to make it's return, as more traders become confident that Bitcoin will break the next hyped up price point of $100k, some are expecting to see an increase in leveraged trades to follow if Bitcoin can stabilize above $50k.


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Author: Ross Davis 
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco Newsroom / Breaking Crypto News