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Canadians are starting to look at digital assets as more than just speculative investments, seeing them instead as legitimate assets for everyday transactions, according to Coinbase’s country director for Canada.Speaking to Cryptox in Toronto on Aug. 16, Coinbase’s Canada director Lucas Matheson said he believes that more utility and use
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BlackRock’s application for a Bitcoin exchange-traded fund (ETF) has sparked the beginning of a new crypto bull market, which will go parabolic at some point closer to the halving scheduled for April 2024, according to Mark Yusko, the chief investment officer and founder of Morgan Creek Capital. “Based on Metcalfe’s law
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bank of England Governor Andrew Bailey declares cryptocurrencies as “extremely speculative investments” and emphasizes the need for enhanced digital money. During his recent London Financial and Professional Services Dinner speech, Bank of England’s governor Andrew Bailey
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On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do
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The cryptocurrency isn’t isolated from the traditional banking system, and its price is supported by U.S. dollar liquidity, the report said. Source
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The development of applications leveraging distributed ledger and blockchain technology continues to advance, the report said. Source
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LUNA, the cryptocurrency of the Terra blockchain’s recreated version after dramatically imploding earlier this year, tripled in price within a few hours time Friday, trading close to its all-time high set in early June when the token was introduced. Original Source
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“Recency bias suggests to investors that a bottom has been formed with Bitcoin and Ethereum this past weekend and that the market may be poised for a short-term recovery,” Edson Ayllon, product manager at dHEDGE, told CoinDesk in a Telegram message. “This kind of sentiment brings back confidence in speculators,
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SHIB hodlers remain unfazed and accumulated holdings during the past weeks, analytics firm said. Source
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As institutions, corporations, countries, and more buy into Bitcoin, the cryptocurrency is beginning to transition from a speculative asset to a macro financial asset much like gold, oil, and others. But before that happens, the top cryptocurrency by market cap is mimicking Jesse Livermore’s “speculative chart” with incredible accuracy and precision. If
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