Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market Rout

Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market RoutThe co-founder and former CEO of Bitmex, Arthur Hayes, has published a new blog post concerning the current state of cryptocurrency markets. Hayes says currently there’s an inability to recognize the cyclical nature of markets and the “inconvenient truth” that is crypto is now moving in “lockstep” with market equities. Hayes expects the Nasdaq 100 […]

Go to Source

Powered by WPeMatico

Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million

Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 MillionOn March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called “Energy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war. Hayes explains in his 26-minute long opinion piece that historians may point to February 26, 2022, as the time in history when the “Petro Dollar / Euro […]

Go to Source

Powered by WPeMatico

The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World

The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat WorldApproximately 50 years ago today, Americans were introduced to ‘Nixon Shock’ when the 37th president of the United States suspended the convertibility of the U.S. dollar into gold. Since this point in time, the U.S. economy has never been the same as many believe Richard Nixon ushered in a new era of uncontrollable fiat currency […]

Go to Source

Powered by WPeMatico

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars

While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US DollarsThis week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military violence that backs a number […]

Go to Source

Powered by WPeMatico

Famed Economist Speaks: ‘US Coronavirus Bailout Scam,’ American Imperialism, De-Dollarization

During the last few weeks, the world has been dealing with the coronavirus outbreak. These days, however, many of the world’s citizens are growing more concerned over the government’s reactions than the virus itself. Moreover, with the U.S. economy feeling the hardship of over 30 million unemployed Americans and the petro-dollar on life support, many […]

The post Famed Economist Speaks: ‘US Coronavirus Bailout Scam,’ American Imperialism, De-Dollarization appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars

Petro-Dollar System Crumbles: US Dollar Could Collapse from the World's Oil WarsDuring the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%. Experts say that the […]

The post Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Iran Is Being Targeted for Economic Independence, Not Terrorism

Iran Is Being Targeted for Economic Independence, Not TerrorismNew, unprecedented economic sanctions have been imposed on Iran’s central bank after blame for a September 14 oil field attack was pinned on the nation by U.S. leaders. The sanctions blacklist the Iranian central bank and sovereign wealth fund, further severing the country’s already tenuous ties to the global market. With soldiers and weapons “of […]

The post Iran Is Being Targeted for Economic Independence, Not Terrorism appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Venezuela Releases Petro Whitepaper Ahead of ”$5 Billion ICO”

Venezuela Releases Its Petro Whitepaper Ahead of a $5 Billion ICOVenezuela’s oil-backed cryptocurrency, the petro, is a step closer to reality following the release of the official whitepaper. The eagerly anticipated document outlines the token model and crowdsale mechanism that will be used to launch the ethereum-based project in February. Having been officially signed off by president Nicolás Maduro, the whitepaper is finally available for […]

The post Venezuela Releases Petro Whitepaper Ahead of ”$5 Billion ICO” appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico