Friday, May 17, 2024
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Don’t Buy Bitcoin, Says Wealth Exec as Lebanon Chooses BTC Over Fiat

Bitcoin (BTC) is not what young investors should buy after the coronavirus crash, says the man who once said that the biggest cryptocurrency faces an “inevitable death spiral.”Speaking to CNBC on May 21, Peter Mallouk, president and chief investment officer at wealth management firm Creative Planning, claimed that stocks and

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Wall Street Firms Advise Clients Against Investing in Crypto, Says Wealth Manager

JPMorgan Chase and Goldman Sachs are advising their clients against Bitcoin (BTC), according to one American wealth manager. Adam Pokornicky, chief operating officer at Digital Asset Investment Management (DAIM), a U.S.-registered investment advisor for digital assets, claimed that his firm almost lost a client due to the banks’ intervention.In an interview

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The Greatest Wealth Transfer: Economists Predict the Emergence of New Bitcoin Millionaires, BTC Capturing 3% of Gold Market

The global economy has been feeling the hardships from the mandated lockdowns various nation states have implemented during the last month and a half. Oil prices have dropped below zero for the first time in history, and economic powerhouses like the U.S. are starting to show cracks in the

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Bitcoin Will Be $8 Trillion Economy by 2030, Top Wealth Manager Explains Why

Bitcoin could become an $8 trillion asset by 2030, according to Andy Edstrom of California-based WESCAP Group.The wealth manager said the cryptocurrency could take away a part of capitalization from all the leading markets. They include gold, shares, fiat, offshore assets, or demonetized store of values like real estates. He added

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