Digital Dollar, Euro and Yuan Will Be Rocket Fuel for Bitcoin
In a new episode of Fast Money, CNBC’s Brian Kelly the chief executive officer of digital currency investment firm BKCM says the stark contrast between Bitcoin’s fixed supply and seemingly endless money printing from governments will only become more magnified as fiat currencies around the world go digital.
Crispin Odey, head of London based Odey Asset Management, wrote in a letter to investors that central banks may outlaw private Gold ownership if they lose control of inflation.
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While investors may be turning to gold, the widespread riots and looting of physical goods going on across many major cities in the United States currently are acting as a strong example as to why Bitcoin is ultimately a better safe haven than gold.
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TV host Max Keiser has said Bitcoin is going to hit $400,000 as he raised his price target for the first time since 2012.
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If one percent of treasury reserves from public companies go into Bitcoin, Bitcoin is a trillion dollar market cap, on the conservative side.
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? DISCLAIMER: This article should not be taken as is, and is not intended to provide, investment advice.
Bitcoin educator Andreas Antonopoulos says he would like to see more privacy features on Bitcoin, but they’re unlikely to happen anytime soon.
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2019 was only really positive for a handful of digital assets, namely bitcoin. While it ended up 85% for the year, it was the worst positive year on record which could be a sign that things are slowing.
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Measured in Big Macs, Bitcoin’s purchasing power is approaching its highest level since the 2017 bull market, offering yet another indicator of Bitcoin's rapid appreciation.
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? DISCLAIMER: This article should not be taken as is, and is not intended to provide, investment advice.
A Bitcoin maximilist recently had a car accident and ended up with additional Bitcoin in his Bitcoin wallet after he was rear ended.
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Fidelity Digital Assets will act as the exclusive Bitcoin custodian for Kingdom Trust’s recently launched Choice retirement solution.
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? DISCLAIMER: This article should not be taken as is, and is not intended to provide, investment advice.