Finance

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Virgin Galactic Chairman Correctly Predicted the oil Price Crash

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It is evident that people who have opinions on Bitcoin may be slightly more knowledgeable about the financial markets in general.  Virgin Galactic Chairman and Social Capital CEO Chamath Palihapitiya is one of those individuals. There are many people who have opinions on the financial markets. Virgin Galactic Chairman Blasts Oil price Predictions Most of … Read more

After Pundits Predicted Bitcoin’s Death for 11 Years, Barrels of Crude Oil Trade Below Zero

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Global markets had a historical day on Monday, as the price of oil dropped below zero and closed the day at -$36 per barrel of crude. The oil crash below zero has never happened in anyone’s lifetime and economists worldwide are uncertain about the future of the world’s financial system going forward. The meltdown also … Read more

Investments in Grayscale Bitcoin Trust Hit Record High Amid Economic Crisis

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Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors. The company now has $2.2 billion in assets under management. Also read: Bitcoin Revolution: Wanna … Read more

Looming US Real Estate Crisis – Freddie Mac Warns of Housing Market Uncertainty, Homebuilder sentiment Drops 58%

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U.S. real estate agents and lenders are bracing for the biggest housing crash in over a decade. Since the coronavirus spread and the American government shut down the nation’s economy, Freddie Mac’s quarterly real estate report is grim and says the U.S. housing market faces considerable challenges “amid economic uncertainty.” Further, the NHB Wells Fargo … Read more