Bitcoin surged in price following the recent collapse of Silicon Valley Bank and Signature Bank, with the banking crisis acting as a springboard event for the world’s largest cryptocurrency, as global investors seek safe haven, alternative currencies.
Indeed, Bitcoin rose as much as 20% as the second and third biggest bank failures in US history spooked investors around the world. The collapse of Silicon Valley Bank (SVB) triggered fears across Wall Street of Read More
With works on a potential digital dollar gaining pace in the US, the case for Bitcoin becomes significantly stronger.
The US Treasury Department’s undersecretary for domestic finance, Nellie Liang, stated that the federal government would begin talks in the “coming months” in regard to a Central Bank Digital Currency (CBDC).
During a speech made last week for the Atlantic Council, Ms Liang said officials in the USD are “actively evaluating whether a Read More
deVere has carried out a recent survey which revealed 82% of high net worth (HNW) clients – with between £1m and £5m of investable assets – have sought advice on crypto over the past year.
The cryptocurrency market registered its worst performance since 2018 last year, with Bitcoin, the world’s largest cryptocurrency by market cap, declining around 75% over the 12 months.
The price falls resulted from investors reducing exposure to risk-on assets, including stocks and Read More
I believe Bitcoin will hit a new record high of $70,000 in 2022 as institutional investment increases.
This comes at a time when a major U.S.-based asset manager has joined forces with a crypto exchange to boost access to cryptocurrencies amongst institutional investors.
As I said to Forbes, Nasdaq, Advisorpedia and Zawya, amongst other media, interest in Bitcoin and crypto from institutional investors has soared over the past few months and is only set to Read More
Regulation of the crypto market has taken a crucial move forward following comments made earlier this week by the U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler.
During an interview with CNBC, Gensler said Bitcoin should now be labelled as a commodity.
As I was quoted by Investor Ideas, Mena FN, Share Wise, StockHead and Biz Community, amongst others, the SEC Chairman’s comments have cleared up years of debate. Bitcoin is now viewed as a commodity by one of the most influential regulators in the world, just like gold, and not a Read More
Bitcoin will rally from the latest cryptocurrency crash to hit a new record high of $75,000 by the end of this year.
That’s my latest prediction, even as Bitcoin’s price declined under the $40k mark a number of times on Monday, impacting the wider crypto sector.
The total crypto market is down $1.89 trillion currently, an 11% fall compared to last week.
What we’ve seen is Bitcoin briefly falling under $40,000, tracking losses in global equities. The correlation with Read More
The price of Bitcoin may likely reach $50,000 before the end of March due to mounting geopolitical tensions and growing institutional investments.
Over the past 24 hours we’ve seen the world’s largest cryptocurrency surge by over $6,000 to surpass the $44,000 mark – the steepest daily rise since February last year.
As such, I can’t see any reason why the price momentum should weaken, so I believe Bitcoin will hit $50,000 by the end of March.
Of course, it’s still Read More
Geopolitical issues such as the mounting Ukraine-Russia tensions, will fuel Bitcoin’s increasing mass adoption and higher values in 2022. Even with the 5% decline over the weekend.
Looking back over the past few weeks, serious geopolitical risks have shown real-life use cases for Bitcoin and cryptocurrencies in incredibly volatile times.
As I was quoted by Forbes and Tech Telegraph, amongst other media, according to research, donations in Bitcoin have been flooding into Read More
The International Monetary Fund urging El Salvador to reverse its decision on making Bitcoin legal tender is baffling.
The central American country became the first to make the world’s largest cryptocurrency legal tender back in September last year. Naturally, the situation in El Salvador needs to lot of careful monitoring to ensure the Bitcoin rollout really does benefit the people. Yet the IMF pressing the country to ditch such a pioneering financial policy in an attempt to Read More
A global poll has shown that Bitcoin, other cryptocurrencies and NFTs are more trusted than stocks to provide investors with better returns in 2022.
Around 6,000 people on LinkedIn have taken part in the survey since the start of the year, which is monitored by over 146,600. The results show that 30% of respondents believe ‘another cryptocurrency’ (other than Bitcoin) will give the best results; 25% say Bitcoin and NFTs (non-fungible tokens); and 20% Read More
I’m putting it out there. It’s my view that Bitcoin will become legal tender in another three countries this year.
Over the weekend, the President of El Salvador, Nayib Bukele posted a number of tweets relating to his Bitcoin predictions, such as “2 more countries will adopt it as legal tender,” and that it will reach $100,000 this year. Indeed, El Salvador made history in September last year by becoming the first country in the world to make the Read More
As El Salvador becomes the first country in the world to make Bitcoin official legal tender on Tuesday, I will explain to BBC News tomorrow why it could help boost the country’s economic growth and jobs.
The smallest country in Central America will adopt the world’s largest cryptocurrency by market cap as national currency alongside the U.S. dollar.
As it stands, outside of the U.S. and its territories, there are seven other sovereign nations using the Read More