Billionaire hedge fund manager Ray Dalio is well known for his criticism of holding fiat money in the face of unprecedented money printing and runaway inflation. Now, Dalio asserts that bonds — or anything, really in dollars, is also not a safe investment play, especially with governments producing insane amounts of debt. In a recent post, the Bridgewater Associates founder […]

Bitcoin is going to be a reflection of what citizens think about the government’s handling of the economy, former hedge fund manager Mike Novogratz believes. In an interview on Monday, he talked about the NFT craze, the future of Bitcoin’s price, and why he isn’t worried about the price dip. Novogratz, the founder, and CEO of Galaxy Digital shared his […]

Grayscale Investments, the company behind the bitcoin stock traded trust (GBTC), has announced the board’s approval to buy up to $250 million GBTC shares. They say, and we quote in full: “On March 10, 2021, the board (the “Board”) of Grayscale Investments, LLC, the sponsor (the “Sponsor”) of Grayscale Bitcoin Trust (BTC) (the “Trust”), approved the purchase by Digital Currency […]

Bitcoin breached the $60K price level to record a new all-time high price of $60,310 on March 13, exactly one year and the day after the devastating Black Thursday crypto market crash of March 12, 2020. Last year on March 12, bitcoin dropped 40% to a low of $3,800, but the new all-time high puts BTC’s price at 16 times […]

According to data by TradingView, on crypto exchange Bitstamp, around 10:33 UTC on Saturday (March 13), the Bitcoin price reached an intraday high of $59,755, in the process recording a new all-time high. Rafael Schultze-Kraft, CTO at on-chain market intelligence startup Glassnode, said that more than $100m in short positions had been liquidated as the result of a short squeeze: Here is […]

Approval from the Securities and Exchange Commission in the United States for a Bitcoin Exchange-Traded Fund (ETF) has been sought after high and low for many years. Everyone from the CBOE to Gemini has filed for the ETF but none have been successful thus far. Despite the constant rejection, firms in the industry continue to pursue the Bitcoin ETF as […]

Grayscale, one of the largest crypto asset managers, recently announced that it now has $43.3 billion worth of crypto assets under management. In the official announcement on Twitter, Bitcoin and Ethereum account for over 90% of Grayscale’s crypto assets’ total value. Bitcoin accounts for $36 billion of the current holdings, while Ethereum stands at $5.8 billion. The company has more […]

During a recent interview, Mathew McDermott, head of Digital Assets for Goldman Sachs’ Global Markets Division, talked about Bitcoin. His comments came during an interview recorded on March 3 for an episode (titled: “Markets Update: Cryptocurrency Trading“) of the podcast “Exchanges at Goldman Sachs” that was released last Friday (March 5). In this article, we look at some highlights from […]

Peter Schiff has revealed via Twitter on March 10, 2021, that his son, Spencer Schiff, has dumped his entire gold and other investment portfolios for bitcoin (BTC). The longstanding bitcoin critic says he plans to disinherit his son. Spencer Schiff Buys More Bitcoin  In a rather interesting development, gold bug Peter Schiff, the 57-year-old CEO and chief global strategist of […]