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The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Great Recession.’ Schiff explains that the U.S. has a lot more debt than it did
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At the height of the market, when bitcoin was over $60,000, companies were purchasing miners at $90, $100 and even more per terahash, Bulovic said. That adds up to as much as $10,000 per machine. “The larger price tag means that the loan amount was higher. That means that the
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“As of recent weeks, bitcoin has surfaced more like a risk asset – correlations against U.S. equities spike above 0.6 the past few days alongside the sell-off in technology stocks last Friday,” Lennard Neo, head of research at Stack Funds, a crypto investment firm, wrote in a report on Thursday.
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