Many people are backing Bitcoin because it offers bigger returns than any other asset. It has a lower risk of inflation and its adoption rate is also growing worldwide. Bitcoin is very handy, coming with lucrative uses while providing easy access to investors. The cryptocurrency also maintains a high level of privacy and is still gaining positive reactions from the public.
Indeed, the world of currency is evolving. Technological innovations have brought a great new way of making payments without the need for using real money or negotiating with the bank. This is the reason why Bitcoin has been introduced in the financial community.
Although it’s not undoubtedly [...]
Tom Lee, one of the founders of Fundstrat Global Advisors, believes that lowering the FED rate will allow Bitcoin to update local highs and reach $20,000 per coin by the end of this year.
The expert explains this forecast by the fact that Bitcoin is now being used to hedge risks. When the Central Bank lowers rates, liquidity in the market rises, and investors direct funds both to high-risk instruments and to safe assets for hedging.
Now, according to some experts, Bitcoin has begun to be used as a new safe asset, which with a decrease in the Fed rate, will lead to a rise in demand for it and will contribute to a price increase.
Meanwhile, this mechanism [...]
Last week, an unknown person or group transferred 94,505 bitcoins valued at over $1 billion USD in a single transaction. Now, observers are scratching their heads over the question of who is responsible for the eye-popping transfer.
Whale Alert, a Twitter account dedicated to live tracking of large cryptocurrency transactions, first spotted the transfer and tweeted an alert minutes after it happened late on Thursday night, EST time.
That transaction seems to be one of the recipient address’ first, followed by dozens of smaller transactions ranging from $6,644 to $.07. For now, it’s anyone’s guess as to who is behind the transaction, as the addresses [...]
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Reid Hoffman, co-founder of LinkedIn, hired actors to stage a rap battle about the future of money last week. Inspired by the musical Hamilton, Hoffman said he decided to use music to highlight the “vigorous debate raging between cryptocurrency and centralized [...]