Tag: Isnt

Why $100,000 Isn’t Much Further Away

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With the fourth Bitcoin halving just 12 days away, the community is buzzing with anticipation, speculating on the potential for Bitcoin to breach the significant $100,000 threshold. Joe Consorti of Theya Research has offered a comprehensive analysis, diving into the intricacies of Bitcoin’s current market position and the factors that might catapult its value to new heights. This event, a cornerstone in Bitcoin’s design to halve the rewards for mining new blocks every four years, historically triggers a bullish momentum, and the present scenario appears to be aligning with past…

Ethereum Price Gearing For Another Lift-Off to $4K: Increase Isn’t Over Yet

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Ethereum price is holding gains above the $3,500 zone. ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term. Ethereum retested the $3,450 and is currently moving higher. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,680 resistance zone. Ethereum Price Eyes Fresh Increase Ethereum…

crypto isn’t currency, G20 must regulate

Indian Finance Minister Nirmala Sitharaman has taken a firm stance on Bitcoin (BTC) and other digital assets, emphasizing that they cannot be considered currencies. Sitharaman says she expects the G20 — the intergovernmental forum comprised of 19 sovereign countries, the European Union (EU), and the African Union (AU) — to draft a regulatory framework for cryptocurrencies.  Sitharaman also highlighted that crypto assets are predominantly used for trading, speculation, and profit-making activities rather than functioning as traditional currencies issued by central banks. Sitharaman further emphasized how cryptocurrency assets thrive on trading…

Crypto Is (and Isn’t) Money

Rather than arguing, I’d encourage the whole industry to read more deeply on the subject. And no, I don’t just mean Graeber’s “Debt” and Fergusson’s “Ascent of Money.” The most important book for understanding the monetary context of cryptocurrencies is the “Private Money and Public Currencies, the 16th Century Challenge.” The book outlines the context for the rise of central banks, and hence the motivation for crypto. Source

Renowned Economist Says Bitcoin Isn’t Digital Gold, Then What Is It?

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Chief Economist and Bitcoin antagonist, Peter Schiff has made another controversial statement about BTC, comparing the world’s largest cryptocurrency to gold, while expressing skepticism about BTC being lauded as the “digital gold.” Bitcoin Is “Digital Anti-Gold” In a February 27 post on X (formerly Twitter), Schiff publicly criticized Bitcoin’s title as the digital gold, asserting that the cryptocurrency should be seen as a bet against gold instead of a digital counterpart of the precious metal. While the renowned economist has stated that “Bitcoin is not digital gold,” he has also…

Treasury Official Confirms Crypto Isn’t a Popular Tool for Terrorists — Says They ‘Prefer Traditional Products’

U.S. Department of the Treasury’s Under Secretary Brian E. Nelson has confirmed that terrorists’ use of crypto remains a small fraction of more established mechanisms to move money. He also admitted that “digital assets were not even a popular tool for Hamas or the Palestinian Islamic Jihad” and “Hamas is using crypto in relatively small […] Source CryptoX Portal

Ethereum Bears Keep Pushing, Why Decline Isn’t Over Yet

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Ethereum price is again moving lower from the $2,325 resistance. ETH could decline heavily if there is a move below the $2,270 support zone. Ethereum is showing a few bearish signs from the $2,325 zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a fresh increase if it manages to clear the $2,325 resistance zone. Ethereum Price Struggles Below $2,325…

Soros Fund co-founder says Bitcoin isn’t a government threat

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Bitcoin (BTC) is not a threat to governments, according to renowned investor and Soros Fund Management co-founder Jim Rogers. In an interview with Kitco News on Jan. 31, Rodgers explained that he sees Bitcoin as a trading vehicle and emphasized that it doesn’t pose a threat to governments in terms of replacing established currencies or legal tenders. Rogers, who in the 1990s designed the Rogers International Commodity Index, a broad index of commodity futures, maintains that cryptocurrency is not a threat to governments. If it was, governments would likely take…

Bitcoin Bulls Keep Pushing, Why Increase Isn’t Over Yet

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Bitcoin price is attempting a fresh increase above the $42,500 resistance. BTC is showing bullish signs and might rally further above the $43,800 resistance. Bitcoin price is consolidating gains above the $42,500 resistance zone. The price is trading above $42,750 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $42,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $43,250 and $43,800 resistance levels. Bitcoin Price Holds Ground…

Shark Tank’s Kevin O’Leary isn’t interested in Bitcoin ETFs

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Kevin O’Leary, renowned investor and star of the TV show “Shark Tank,” has doubts about Bitcoin (BTC) exchange-traded fund (ETF) investments. While spot Bitcoin ETFs are viewed as a milestone for the U.S. crypto industry, O’Leary sees little value in participating in the frenzy. In a recent statement on Fox Business, O’Leary emphasized his position as a long-term Bitcoin holder and expressed skepticism about investing in BTC ETFs. He argued against purchasing ETFs, stating that as a purist and just holding Bitcoin for the long term, he would never buy…