On Friday (July 8), Jurrien Timmer, Director of Global Macro at Fidelity Investments, shared his thoughts on the valuations of Bitcoin and Ethereum. In March 2021, Timmer published a 12-page research paper on Bitcoin (title: “Understanding Bitcoin: Does bitcoin belong in asset allocation considerations?”). Timmer started by saying that he intended his paper to serve as “a brief plain-English primer, but also to […]

Data shows that the price of the flagship cryptocurrency Bitcoin ($BTC) is on track to post its largest weekly gain in 9 weeks as it has moved up 13% so far this week and is appearing to show no signs of slowing down as it flirts with the $22,000 mark. As first reported by Livemint, the number one cryptocurrency by […]

Crypto markets staged a remarkable comeback early on Friday, with the overall crypto market capitalization surging to as much as $978 billion, before falling to the current level of $952 billion in the aftermath of the release of strong non-farm payrolls data from the U.S. Data released showed the U.S. economy added around 372K payrolls in the month of June, […]

Shares of Upstart Holdings, Inc. (UPST) are down more than 16% in pre-market on Friday after the company announced preliminary second-quarter results, below its guidance. Upstart is an AI lending marketplace partnering with banks and credit unions. The company expects revenue to be about $228 million, lower than the previous guidance of $295 million-$305 million. On average, 10 analysts polled […]

Bloomberg Intelligence analyst Mike McGlone has revealed he believes Bitcoin ($BTC) could be on track for “one of the greatest bull markets in history” based on a number of factors, or crypto could be a “failing experiment in the process of being made redundant.” According to a series of tweets McGlone shared with his followers on social media, Bitcoin is […]

US SEC chairman Gary Gensler speaking with Jim Cramer on CNBC has made it clear that Bitcoin is the only crypto he is willing to openly call a commodity. Gensler speaking with Mad Money host Jim Cramer highlighted the speculative nature of the crypto markets, arguing that most of them shared a lot of similarities with Securities. However, according to […]

In a recent interview, Jordan Belfort, the man whose memoir “The Wolf of Wall Street in 2007” was adapted into a film (released in 2013), explained why in the long term he expects Bitcoin to be a profitable investment. https://youtube.com/watch?v=iszwuX1AK6A%3Ffeature%3Doembed On 29 December 2017, Belfort told Charles Payne on Fox Business show “Varney & Co.” that he believed that Bitcoin […]

Tim Draper has said he is convinced that Bitcoin is set to claim the $250,000 price point in an email conversation with Forbes, as reported by the outlet on Friday. It’s not the first time the venture capitalist has made such a prediction. In an interview with the same media outlet in January, the investor had said the leading digital […]

Summary: Sam Bankman-Fried has stated that FTX has a few billion to support struggling crypto firms. He also believes that the worst of the liquidity crisis in crypto might have passed. FTX’s founder and CEO, Sam Bankman-Fried, has stated in an interview that the crypto exchange has a few billion set aside to assist struggling crypto firms that have the […]