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Former U.S. treasury secretary and chief economist at the World Bank, Larry Summers, says cryptocurrency is here to stay as a kind of digital gold. He believes that people want an alternative to gold that is “separate and apart from the day-to-day workings of governments.” Former World Bank Economist Larry Summers Sees Bitcoin as Digital … Read more
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” says now that bitcoin is “crashing,” it is a buying opportunity, especially for those who said that they could not afford it before. Alternatively, he said they can “Buy coins that outperform bitcoin for pennies,” reiterating that the Fed, Treasury, and Biden are the problems, … Read more
Digital currency markets have shed billions once again, as the entire crypto-economy has been cut down from well over $2 trillion to today’s $1.44 trillion market valuation. Bitcoin was coasting along just above the $38k handle before 9 p.m. (EST) yesterday evening but after that point, sellers started capitulating and the price dropped under $34k. … Read more
Crypto trader Scott Melker, also known as the “Wolf of All Streets,” says dogecoin is a good way for new investors to get into cryptocurrency. Sharing his own experience in investing in the meme cryptocurrency, he now has some advice for new dogecoin investors. ‘Wolf of All Streets’ Scott Melker to Dogecoin Investors Crypto investor … Read more
Galaxy Digital CEO Mike Novogratz says that despite massive sell-offs across a broad range of cryptocurrencies, the story of crypto has not changed and “the crypto revolution has happened.” While viewing the current market as a “liquidation event” and a setback, Novogratz still believes in the long-term adoption of bitcoin. Crypto Revolution Amid ‘Liquidation Event’ … Read more
The founder and chief investment officer of Miller Value Partners, Bill Miller, is not disturbed by the falling price of bitcoin. While acknowledging that the price drop looks extreme when compared to the stock market, he says it is “pretty routine” for the cryptocurrency. Bill Miller Sees Bitcoin Correction as ‘Pretty Routine’ Veteran investor Bill … Read more
Digital currency markets have been consolidating after taking some heavy losses during the last few days. Billions of dollars have jumped back into the crypto economy on Thursday, as the overall market valuation of all coins in existence has jumped back to $1.75 trillion on Friday. Bitcoin is resting above the $40k handle but the … Read more
The CEO of Ark Investment Management (Ark Invest), Cathie Wood, still predicts that the price of bitcoin will be $500K. She says that all indicators “are all suggesting that we are in a capitulation phase, which is a really great time to buy, no matter what the asset is.” Ark Sees Bitcoin Reaching $500K Ark … Read more
While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TVL) in defi touched $87 billion on May 11, and since then the aggregate total has slid to $66 billion in value. Weekly … Read more
Bitcoin and a slew of digital assets have seen massive drops in value during the last few days, while the top two leading crypto assets bitcoin and ethereum have been battling for market supremacy. This week, bitcoin’s towering dominance over the crypto economy has dropped to a three-year low tapping 41.9%, while ethereum’s market cap … Read more