ETC Group Releases Bitcoin Cash Report Praising High Usage and Vibrant Development

Bitcoin CashETC Group, an ETF issuer company, released a report last month about the evolution of Bitcoin Cash in the years after the hard fork that created it. While the company acknowledged the asset price is lagging compared to its older sibling, it praised the crypto on other aspects like development and actual usage. Bitcoin Cash […]

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Bank of America Says the Only Good Reason for Holding Bitcoin Is ‘Sheer Price Appreciation’

Bank of America Says No Good Reason Own Bitcoin But 'Sheer Price Appreciation' — Not Diversification or Inflation HedgeBank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer diversification benefits and is “impractical as a store of wealth or payments mechanism.” Bank of America […]

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‘I Don’t See What’s Going to Stop Bitcoin From Appreciating,’ Says Commodity Analyst

Analyst Says 'I Don’t See What’s Going to Stop Bitcoin From Appreciating'A senior strategist with Bloomberg Intelligence says that he does not see what’s going to stop bitcoin from appreciating. He explains that as bitcoin matures, it will trade more like gold than stocks. The strategist also shares his view on how the November presidential election could affect the price of bitcoin. Bitcoin Will Keep on […]

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