Bill Miller is a seasoned investor in the mainstream financial markets, beating the S&P 500 for over 10 years. He recently gave a positive assessment to bitcoin by likening it to a Ferrari, while dismissing gold as outdated. Forget Gold, Bitcoin Is A Better Bet Investor demand for bitcoin has been colossal in recent years as the asset increasingly builds […]

Florian Grummes, managing director of financial consultancy firm Midas Touch Consulting, has revealed he is “pretty sure” the price of bitcoin is set to hit $100,000 in the near future while maintaining a price target he set in August. https://youtube.com/watch?v=F76NhCAJcHQ%3Ffeature%3Doembed During an interview with Kitco News, Grummes noted that it’s currently a challenge to make bitcoin price predictions, but maintained […]

Infamous American whistleblower Edward Snowden has weighed in on the conversation surrounding China’s cryptocurrency ban, stating that the ban has actually strengthened bitcoin. Edward Snowden: Government Crackdowns Have Strengthened Bitcoin The former United States contractor who leaked National Security Agency (NSA) documents revealing that the agency was spying on private citizens who were not part of active investigations, earlier today […]

Bitcoin and other cryptocurrencies make significant gains within the first few hours of October. This is in stark contrast to the doldrums experienced towards the close of September. Bitcoin has always performed remarkably in October and things are looking positive for the asset class. Bitcoin investors will be glad to bid September goodbye after nearly a month of unimpressive prices. […]

Bitcoin holders have until the end of 2021 to reduce their tax obligations by selling assets at a loss and buying them back. The Ways and Means Committee is deliberating on closing this loophole and it could have grave financial repercussions for cryptocurrency traders. This is a means to fund President Biden’s over $3.5 trillion social safety net. The House […]

The Securities and Exchange Commission has extended the deadlines for four Bitcoin ETFs. The Commission cited the need for additional time to “take action on the proposed rule change.” Cryptocurrency proponents remain hopeful for the approval of a US Bitcoin ETF in the near future. Exercising its statutory powers, the SEC has extended the time frame for revealing its decision […]

Institutional investors’ interest in Ethereum (ETH) and other bitcoin alternatives appears to be increasing, with bitcoin investment products seeing their total assets under management falling 7.8% in September to $35.1 billion, their lowest share this year. According to the September edition of CryptoCompare’s Digital Asset Management Review, Ethereum-based products reached their highest market share of assets under management last month. […]

Bitcoin finishes September with a negative balance as the bad streak continued yet again. A combination of several negative factors was responsible for September’s unsavory performance. Bitcoin currently trades around $48K as investors remain buoyant for a bullish October. September comes to an end, yet Bitcoin’s September curse remains unbroken. The asset closed the month with another below-par performance despite […]