Economist’s Belief That Stocks Are Overvalued Has Bitcoin Enthusiasts Enthused

While the S&P 500, the Nasdaq, among other global stock indices surged off the back of news that the U.S. Federal Reserve’s chairman, Jerome Powell, would be putting a policy rate hike on the backburner, some pundits are still wary of a looming crash, even crisis. And interestingly, some have argued that if the American economy descends into chaos, Bitcoin and other leading crypto assets could surge and garner notable levels of traction worldwide. Economist: Stocks Trading At “Most Obscene Valuations” Ever According to a report from Business Insider, Dr. John…

Economist’s Belief That Stocks Are Overvalued Has Bitcoin Enthusiasts Enthused

While the S&P 500, the Nasdaq, among other global stock indices surged off the back of news that the U.S. Federal Reserve’s chairman, Jerome Powell, would be putting a policy rate hike on the backburner, some pundits are still wary of a looming crash, even crisis. And interestingly, some have argued that if the American economy descends into chaos, Bitcoin and other leading crypto assets could surge and garner notable levels of traction worldwide. Economist: Stocks Trading At “Most Obscene Valuations” Ever According to a report from Business Insider, Dr. John…

Litecoin ‘Significantly Overvalued,’ Cryptocurrency Hedge Fund Claims

Proponents of litecoin, the seventh-largest cryptocurrency, have long touted it as “silver to bitcoin’s gold,” the medium of exchange to BTC’s store of value. Much like physical silver, though, litecoin currently trades well below its all-time high, having plunged to about $55 from a peak of $358. However, according to cryptocurrency hedge fund Multicoin Capital, even at that mark litecoin is “significantly overvalued.” Multicoin, which is short LTC, lays out its bear case for the asset in a new report, authored by managing partner Tushar Jain. A Maturing Market and…