Cryptocurrency Analysis and News Portal
[sociallocker id="55298"] As traders eye the biggest quantitative easing program ever undertaken, Bitcoin could outperform the wider market in 2020 with investors scrambling to keep up with a rapidly evolving and uncertain situation.Bloomberg provided its outlook on cryptocurrencies mainly saying that all signs point to Bitcoin going on the major
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According to a leaked PowerPoint slide, Goldman Sachs, in a May 27 call discussing the U.S. economic outlook, stated that cryptocurrencies are not an asset class. The wording of the slide appears to discourage its clients from investing in the up and coming technology-based asset. This stands in stark contrast
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Bitcoin (BTC) staying above $8,000 is a sign of increasing momentum and detachment from the stock market beta-pull, according to Bloomberg senior analyst Mike McGlone.In a new bitcoin report published on May 5, McGlone said that sustaining above this level is necessary to indicate strength.“Bitcoin is showing divergent strength
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Bitcoin will mature into a gold-like store of value this year, according to the latest projections by Bloomberg. The financial magazine’s report, “Bitcoin Maturation Leap,” notes that the cryptocurrency is poised for a bull run, after being temporarily dragged by the coronavirus-induced stock market tailspin. With its correlation to gold
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Mike Bloomberg struggled to defend himself in the democratic debate. When the rest of the candidates attacked Bloomberg, it proved he’s become a real threat. Donald Trump’s nervous tweet about Bloomberg following the debate shows that he sees him as a threat. Wednesday was a tough night for Mike
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U.S. stock market futures fell after Bernie Sanders nomination odds moved above 50% for the first time. Sanders was buoyed by the fact that Mike Bloomberg had a historically bad night, as his odds plummeted after an attack from Elizabeth Warren. Dow bulls were quick to buy the dip,
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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
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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
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Presidential candidate Michael Bloomberg proposed creating a regulatory framework for cryptocurrencies in a new financial regulation plan unveiled Monday.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
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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
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