The Wuhan coronavirus is rapidly spreading around the globe and may soon be declared a global pandemic. The crisis is having a significant economic impact on companies, but financial markets remain nonchalant. China’s economic stimulus may be distorting financial markets. The West should avoid falling into the same trap. The Wuhan coronavirus outbreak has grown into what looks to be the start of a global pandemic. Confirmed cases of the disease have soared to around 78,000 with 2,362 fatalities. The virus is spreading rapidly outside of China due to a…
Day: February 23, 2020
Half of Predictions Are Right Half the Time — BTC’s Halving Divides Opinions
The renowned Mike Novogratz, founder of digital assets merchant bank Galaxy Digital, has once again voiced his predictions on the price of Bitcoin (BTC) in light of the impending Bitcoin halving set for May 2020. According to Novogratz, the inceptive cryptocurrency will likely breach the $20,000 benchmark in 2020. The prediction comes a couple of months after Novogratz stated that BTC would reach $12,000, right before the latest rally. Will Novogratz, who is known for his daring forecasts — most of which are not far off the spot — be…