Day: December 1, 2020

Bitcoin lacks market integrity, says former Trump economic adviser

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Gary Cohn, the former president of Goldman Sachs and former chief economic adviser to Donald Trump, believes that Bitcoin may not hold long-term prospects for investors.  In an interview with Bloomberg released today, Cohn said that the crypto asset “lacks some of the basic integrity of a real market” due to its lack of transparency. He said that investors might question a system “that does not have an audit trail.” “For all the reasons it’s a strong developing asset class, it may fail,” said Cohn regarding Bitcoin. “Part of the…

Rihanna Has a Taste for Bad Boys

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This is an opinion. Rihanna is reportedly dating her longtime friend A$AP Rocky. None of us can forget her heated relationship with Chris Brown. A$AP Rocky has a recent history of violence, but here’s hoping he’s a changed man. Rihanna is dating longtime friend A$AP Rocky, according to sources. The Barbadian singer infamously dated Chris Brown, and we all know how that relationship ended–with Chris Brown catching an assault charge. A$AP Rocky has faced his own share of violent charges, and some in the uncomfortably recent past. Rihanna clearly has…

Big Earning Update || 170$ Profit Done from ETGF Token listed on Uniswap Exchange

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Missed the Bitcoin Rally? Here’s an Investment Strategy to Ride the Bull Market While Reducing Your Risk

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Bitcoin has come a long way since bottoming out below $4,000 in March. The cryptocurrency clocked a record high above $19,900 early Tuesday and is up nearly 170% this year. While institutional participation has increased, a large part of the retail crowd may have stayed away from the market. For that group, the fear of missing out (FOMO) on the opportunity to make triple-digit gains may have set in over the past few weeks. Yet, investing now while the cryptocurrency is trading near lifetime highs may seem risky because there…

Grayscale dusts off its #dropgold campaign with fresh ad push

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Digital asset manager Grayscale is bringing back its controversial “drop gold” campaign just in time for the potential Bitcoin (BTC) bull market.  CEO Barry Silbert tweeted Tuesday that the 30-second advertisement will be “running on major networks all over the country.” The commercial implores investors to “leave the pack behind” by dropping gold and adding digital assets like Bitcoin to their portfolio. “In a digital world, gold shouldn’t weigh down your portfolio,” the commercial says, adding: “Digital currencies like Bitcoin are the future. They’re secure, borderless and, unlike gold, they…

Why Ethereum price corrected sharply despite today’s Eth2 milestone

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The price of Ether (ETH), the native cryptocurrency of Ethereum, plunged harder than Bitcoin (BTC) in the recent pullback.  After reaching an all-time high on Coinbase, the price of Bitcoin fell steeply by over 9% within several hours. In the same period, Ether corrected by over 11%, following a marketwide pullback. The deep correction in Ether comes as a surprise because of the Ethereum 2.0 network upgrade launch. On Dec. 1, the Eth2 Beacon Chain released on the mainnet, marking an important milestone for Ethereum. ETH/USDT 4-hour chart. Source: TradingView.com…

Why a $631B Asset Manager Just Changed Its Mind on Bitcoin

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In a research note intended for clients, investing giant AllianceBernstein says it changed its mind on bitcoin’s role in asset allocation. Yesterday, CoinDesk received access to a private client research report from AllianceBernstein, a global investment giant with more than $631 billion in assets.  In this episode of the Breakdown, NLW reads excerpts from the memo and discusses: Original

The Dollar Losing A Decade Long Trendline Could Send Bitcoin Skyrocketing

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The year was 2009 and the dollar had just recovered from The Great Recession. Bitcoin was born and grew up while the dollar regained its throne. After ten years of strengthening, the pandemic and associated monetary response to sustain the economy, caused the almighty dollar to weaken again. And according to the Dollar Currency Index losing a decade long trendline, this weakness could allow Bitcoin to gain ground against USD like never before. The Birth Of Bitcoin And The Delayed Death Of The Dollar Bitcoin’s very design and existence are…

The Greatest Opportunity Of Our Lifetimes – Mike Novogratz of Galaxy Digital

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Greatest Opportunity Of Our Lifetimes – Mike Novogratz of Galaxy Digital Today we are joined by Mike Novogratz, the billionaire founder and CEO of Galaxy Digital, a financial services and cryptocurrency investment management company. We discuss the investment cases for Bitcoin & Ethereum; technology trends; psilocybin as medicine; philanthropy; and much more! Prior to starting Galaxy Digital, Mike was a hedge fund manager at Fortress Investment Group and a Goldman Sachs partner. #Bitcoin #Ethereum #Investing Follow Mike: Want to learn how…

Former Trump Economic Advisor and Goldman Sachs President Gary Cohn Warns Bitcoin May Fail

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A former top economic advisor to President Donald Trump and president of Goldman Sachs has shared his view about bitcoin. He claims that the cryptocurrency “lacks some of the basic integrity of a real market,” warning that it “may fail.” Gary Cohn Thinks Bitcoin May Fail Former White House chief economic advisor Gary Cohn said in an interview with Bloomberg’s Emily Chang, published Monday, that bitcoin “may fail.” Cohn served as president and chief operating officer of Goldman Sachs for 26 years. He left the firm in 2016 to become…