Tag: Bloomberg

Bloomberg L.P. Has the Perfect Buyer in Monopoly-Loving Warren Buffett

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If elected president in 2020, Michael Bloomberg will sell his 88% stake in Bloomberg L.P. Worth upwards of $60 billion, there are few investors with the capital to make such an “elephant sized acquisition.” Warren Buffet’s Berkshire Hathaway has a $128 billion cash pile and loves a monopoly, making it the perfect potential buyer. Mike Bloomberg has announced that he will eventually sell his multi-billion dollar financial data and media company, Bloomberg L.P., if elected president in 2020. Should this happen, there is already a perfect buyer with plenty of…

Is Bloomberg Looking to Take Yang’s Spot as the Crypto-Friendly Candidate?

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Former New York mayor and present-day Presidential candidate Mike Bloomberg seems to be snuggling up to the crypto community. In a proposal for financial reform released Feb. 18, the Democratic candidate not only wrote about cryptocurrency as an asset class, but also offered a regulatory framework for cryptocurrency in the U.S. That framework remains vague, running some 100 words in total, but it does represent a solid chunk of attention aimed at the blockchain world. With Andrew Yang recently dropping out of the race, crypto enthusiasts lost their choice candidate.…

US Presidential Contender Michael Bloomberg Proposes ‘Clear Regulatory Framework’ for Crypto

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Presidential candidate Michael Bloomberg proposed creating a regulatory framework for cryptocurrencies in a new financial regulation plan. Bloomberg’s campaign published a financial reform plan Tuesday, advocating for greater consumer protection measures and a stronger financial system. Specifically, the proposal suggests requiring financial institutions to monitor risk exposure, recording all financial transactions in a centralized database, strengthening the Consumer Financial Protection Bureau and a number of other recommendations. The proposal also recommends creating a regulatory sandbox for startups and “providing a clear regulatory framework for cryptocurrencies.” “Cryptocurrencies have become an asset…

Bloomberg Channels Sun Tzu to Hit Trump Where Rival Dems Can’t

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Donald Trump may have met his match in Mike Bloomberg. Leveraging classic tactics from “The Art of War,” the former NYC mayor is using his wealth to lean on President Trump’s billionaire brand. The DNC’s tired tactics have only solidified Trump’s support base. Bloomberg is not making that mistake. Mike Bloomberg is surging in the polls. His limitless resources have allowed him to pounce on the miserable decline of Joe Biden. His next challenge? Fending off Donald Trump’s height jokes. No problem there. The former New York City mayor is…

Bloomberg Can’t Pander His Way out of His Racially Insensitive Past

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Recent leaks could derail Michael Bloomberg’s presidential campaign. He expresses support for racial profiling and stop-and-frisk; many voters believe these policies are racist. Are the Democrats handing Trump a 2020 victory? Democratic presidential candidates need to court African Americans to win the party’s nomination. A new audio leak of an allegedly-racist speech from 2015 will only make that challenge more difficult for Michael Bloomberg. No amount of cringe-inducing pandering will be able to undo this mess. Bloomberg is already being compared unfavorably to Donald Trump. If the Democrats don’t get…

Bitcoin Price Will Be Golden in 2020 Thanks to Limited Supply, Increasing Use: Bloomberg Report

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Increasing global uncertainties and a weak dollar will likely push more investors into bitcoin as it becomes recognized as a store of value. The cryptocurrency’s fixed supply will further drive price increases throughout the year, Bloomberg analysts predict. Bloomberg’s 2020 crypto outlook report, published Monday, predicts bitcoin’s price could move to the top of its 2019 range and retest the $14,000 high at a time when a weak dollar and stock market volatility continue and geopolitical tensions increase. “Bitcoin’s initial reaction to the [Jan. 3] U.S. airstrike that killed one…

Bitcoin Can Hit $50K in 2020 ‘Very Easily’ — Nexo CEO Tells Bloomberg

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Bitcoin (BTC) can “very easily” hit $50,000 during 2020, the CEO of one cryptocurrency industry business has told mainstream media.  In an interview with Bloomberg in Berlin on Jan. 3, Antoni Trenchev, head of Bitcoin lending platform Nexo.io, said Bitcoin price growth since its inception was almost unlike anything ever seen. Trenchev: Bitcoin is an “incredible asset” “It’s been an incredible asset uncorrelated to the overall market,” he told the network.  Trenchev added Bitcoin’s journey to up to $20,000 was reminiscent of German hyperinflation after the First World War: “It…

Tether Catching Up With BTC and ETH: Bloomberg

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Stablecoin Tether (USDT) is gaining popularity as a payment method, with some analysts seeing it catching up with Bitcoin (BTC) and Ether (ETH). As Bloomberg reported on Oct. 25, cryptocurrency payments processor CoinPayments registered the rapid increasing of popularity of Tether — a stablecoin pegged 1:1 to a United States dollar — as a means of payment. On the site, which has a 2.4 million user base, Tether currently accounts for 30% of volume, which is 30 times more than a year ago. Tether undermines Ether’s leadership? Bitcoin application as…

Bitcoin Could Get Stuck in $8k-20k Range Endlessly: Bloomberg Analyst |

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Bitcoin could get remain stuck in a price range defined by $8,000 as support and $20,000 as resistance, believes Mike McGlone of Bloomberg Intelligence. The senior commodity strategist on Tuesday said bitcoin price is in an “extended hibernation” state because more people are storing the cryptocurrency like gold instead of trading it on the spot markets. In a longer run, such a sentiment would lead to a reduction in bitcoin’s otherwise wild volatility. That would limit the cryptocurrency’s price fluctuations and would bind it inside a range. Excerpts from his…