Skybridge Capital founder Anthony Scaramucci firmly believes that bitcoin will be both an inflation hedge and a store of value as the cryptocurrency scales. He emphasized that bitcoin is “still an early stage technical asset that will trade like other risk assets until it exceeds a billion users.” Scaramucci Doubles Down on Bitcoin as Inflation […] Original
Tag: Long
What the History of Linux Says About the Long Road to Decentralized Storage Adoption
We may not need to reuse OpenStack directly, but we need to build something similarly usable (and similarly reliable, which is the difficult part). We will have to blend our home-grown incentive structures with Web2 and cloud hyperscaler monitoring, compliance and security technologies in order to succeed. We need to design hybrid centralized/decentralized SLAs (service level agreements — the contracts between you and a cloud storage provider). We need to secure it with a buffet of reliability incentives, security attestations, zero-knowledge proofs, fully homomorphic encryption, computation fraud proofs, governance protocols…
Bitcoin 2 Months Through “Euphoria Wave,” How Long Was The Last One?
On-chain data shows Bitcoin has been going through a “euphoria wave” for two months. Here’s how long it was in this phase during the last bull run. Bitcoin Has Been In Euphoria Wave Phase According To Supply In Profit According to the latest weekly report from the on-chain analytics firm Glassnode, the current BTC cycle is similar to the last one regarding the “Supply Profitability State.” This indicator is based on the “Percent Supply in Profit,” which keeps track of the percentage of the total circulating Bitcoin supply that’s currently…
MicroStrategy’s unique way to access Bitcoin ‘long over’
Investment firm Kerrisdale Capital has called MicroStrategy’s shares ‘overvalued.’ Experts in the latest report claim that MicroStrategy shares have soared on the back of the recent rise in Bitcoin (BTC) prices, but as is often the case with cryptocurrencies, “things have gotten carried away.” “We are long bitcoin and short shares of MicroStrategy, a proxy for Bitcoin which trades at an unjustifiable premium to the digital asset that drives its value.” Kerrisdale Capital experts Part of Kerrisdale Capital’s argument for MicroStrategy shares centered on increasing investor access to financial instruments…
$20 Million in Bitcoin Long Positions Liquidated as Price Tumbles From Intraday High
The price of bitcoin saw a significant fluctuation after remaining fairly consolidated over the past two days. After bulls managed to see bitcoin’s price rise to $71,754, the value dropped to a low of $68,557 per unit shortly after reaching the daily high. Liquidations Rise Following Bitcoin Price Drop Over the past 48 hours, bitcoin […] Original
Bitcoin Hodlers Eye Long Term: $520 Million BTC Moved
Bitcoin (BTC) danced into uncharted realms this week, breaking barriers with a triumphant surge that pushed its value beyond the $73,000 mark. The cryptocurrency world, once again, finds itself in the midst of a thrilling price discovery phase, propelled by an amalgamation of bullish indicators and a notable shift in investor sentiments. Related Reading: Cardano (ADA) Price Alert: Analyst Predicts 60% Rally In Next 7 Days Big Players Dominate The Crypto Arena This week’s narrative unfolded on a stage dominated by two juggernauts of the financial realm – BlackRock and…
Peter Brandt Warns Against Trusting SEC Chair Gary Gensler — Says He Has Long History of Not Protecting Investors
Veteran trader Peter Brandt has warned that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler should not be trusted. He stressed that Gensler “has a long history of not looking out for the interests of investors.” Brandt further emphasized that the SEC chairman “was instrumental in the bankruptcy” of a major company and was […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Bitcoin (BTC) Price Hovers Over $46K as Year of ‘Long’ Begins, Easing ETF Selloff
“Bitcoin rose above its 50-day moving average late Wednesday, confirming the bullish medium-term trend and easing fears of a deeper correction,” said Alex Kuptsikevich, FxPro senior market analyst, in an email to CoinDesk. “On a weekly basis, bitcoin and the broader crypto market have gained strength after a long period of consolidation and are now poised to make new highs.” Source
XRP Buy Signal Goes Off, Analyst Says This Is How Long Uptrend Will Last
An analyst has recently explained how a buy signal has formed for XRP on its weekly chart, which could lead to an uptrend lasting for this long. XRP Has Observed A TD Sequential Buy Signal Recently In a new post on X, analyst Ali discussed a buy signal forming in the weekly price of XRP. The relevant indicator is the “Tom Demark (TD) Sequential,” a technical analysis tool for pinpointing probable reversal points for any asset’s price. This indicator is made up of two phases. The first phase is called…
Re-Engage in Bitcoin (BTC) Long Positions Above $43K, Analyst Says
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