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July 19, 2019

Pro-Bitcoin Ron Paul Agrees with Trump Over ‘Clueless’ Federal Reserve

Ron Paul, the pro-bitcoin retired U.S. Congressman, says President Donald Trump is correct when he says the Federal Reserve is clueless and useless. Moreover, Paul says the Fed should stop manipulating interest rates because that fuels artificial bubbles and stock market crashes.

Rand Paul: The Fed Does More Harm than Good

In a blistering July 19 Fox Business column, the father of Senator Rand Paul says Trump should curb the unfettered power of the Fed to roil the financial markets.

“President Trump is right – the Fed doesn’t know what it is doing. But it is up to him to stop it from further increasing in power. For over a century, the central bank [...]

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July 18, 2019

Shark Tank Celebrity Claims Facebook’s Libra Will Pummel Bitcoin to ‘Zero’

Investor and Shark Tank shark Kevin ‘Mr. Wonderful’ O’Leary has dismissed concerns raised against Facebook’s cryptocurrency Libra.

Speaking on CNBC, the avowed Bitcoin skeptic stated that Libra has the capacity to become accepted and consequently useful with effective regulation.

Stemming from this O’Leary is bullish on the social media giant’s future prospects. On the other hand, Bitcoin will die once a regulated cryptocurrency such as Libra comes along, per the Shark Tank star:

It’s [Bitcoin] going to go to zero one day when somebody brings a regulated product, which is why I’m excited about Facebook. I like their [...]

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July 16, 2019

Here’s Why Bitcoin Is Plunging Today

What happened

Bitcoin (BTC-USD) and most other cryptocurrencies are under pressure on Tuesday, continuing a multiday downward trend. The leading cryptocurrency lost 14% of its value over the 24-hour period that ended at 3 p.m. EDT, and is trading 23% lower than it was a week ago. Bitcoin is now trading below the key $10,000 level.

As would be expected, bitcoin-linked investments such as the Greyscale Bitcoin Trust(NASDAQOTH: GBTC) were trading lower by similar percentages.

So what

Regulatory uncertainty has been a driving force behind some of bitcoin’s sharpest downward moves, and this time, the murkiness comes from right here in the United [...]

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July 15, 2019

Fundstrat’s Tom Lee: Bitcoin Pullback Is Healthy, Fewer Searches Аre Good

Fundstrat Global Advisers co-founder Thomas Lee wrote that the recent Bitcoin (BTC) pullback is healthy in a tweet on July 14.

In his tweet, Lee also addressed concerns over the recent decrease in Google searches for Bitcoin:

“As for the search traffic for bitcoin being low, I also think that is a good sign. It means the rise in Bitcoin has not been accompanied by massive hype.”

According to search analytics service Google Trends, Google searches for Bitcoin from within the United States have decreased by about 45% since their recent peak at the end of June.

Google search data for Bitcoin in the U.S. Source: Google [...]

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