CategoryOpinion

Bitcoin Maximalists Celebrate Ethereum's 'Demise' amid Founder's Scaling Concern

Ethereum, Bitcoin Cash

Ethereum developers are having trouble scaling the most prominent smart contract platform in the world. Ethereum and The Bitcoin Cash Gambit It’s that simple. Scaling something worth billions of dollars without breaking it is a monumental task. Development roadmaps have regularly been delayed. Founder and Ethereum developer Vitalik Buterin thinks that the next era of Ethereum is at least a year...

Crypto Trader Predicts Nearing Alt Season as Bitcoin Dominance Weakens

altcoins and bitcoin

An alt season (altcoin season) is something that virtually all crypto traders look forward to. It is a time where all cryptocurrencies other than bitcoin exponentially grow in value. From large caps to small caps, these digital coins can rise anywhere by 2x to 100x. If you’re finding the previous statement difficult to believe, that’s likely because you were not around the last time these crypto...

Gold Shill Rips Bitcoin as Flawed Miner-Rewarding Monetary System

Bitcoin, gold

Bitcoin might have outperformed the global bond market in 2019, but it remains a bad investment, believes Roy Sebag of GoldMoney (TSX: XAU). The founder & chief executive officer last week presented bitcoin as a system that spends billions of dollars off its annual earnings to merely survive. He referred to miners, a network of cryptocurrency diggers, that roughly contribute 65,000 Petahashes...

Bitcoin is Money! Wall Street Vet Schools Donald Trump after Surprise Tweet

Bitcoin, Donald Trump, Mark Yusko

President Donald Trump ruffled many feathers and raised quite a few eyebrows when he took on bitcoin and other cryptocurrencies during one of his characteristic Tweetstorms. Apparently, Trump has a fair idea of what bitcoin is and what it can do, and his tweets make it clear that he is not a fan of cryptocurrencies. I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and...

Trump Hates Bitcoin but Nations May Hold Crypto Reserves in 10 Years

bitcoin, Donald Trump, crypto

Balaji Srinivasan, a former partner at a16z and former CTO at Coinbase, has said that in the future, every nation state may have to hold crypto. Srinivasan, who now operates as an angel investor, said: “Ten years after the launch of Bitcoin, the President of the United States and the Chair of the Federal Reserve are both discussing it on the same day. The tone almost doesn't matter. Ten years...

Popular Crypto Trader Expects Altcoins to Rally by a Whopping 50 Percent

altcoins

Almost every prominent figure in Crypto Twitter has been calling for an alt season over the last few weeks. However, bitcoin’s continued strength has left many crypto tokens bleeding in value against the No. 1 cryptocurrency. Alt season has been canceled time and time again. Those who are waiting for it appear to be waiting in vain. Or, are they? A well-respected figure in Crypto Twitter offers...

Economy Too Strong for a Rate Cut, Says Ex White House Official

anthony scaramucci

The Dow Jones and the broader U.S. stock market were in solid form in the first half of 2019 despite geopolitical tensions on several fronts. The Dow and the S&P 500 hit new highs a week ago thanks to the Federal Reserve’s dovish monetary policy outlook.  But former White House communications director Anthony “The Mooch” Scaramucci believes that the Fed doesn’t have reason to be dovish...

Stock Market Bulls Made a Fool's Gamble on Rate Cuts

stock market fool's gamble

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market's bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool's gamble. That's according to economist Mohamed El-Erian, who explained to CNBC's "The Exchange" that a rate cut in July was likely but 50 basis points was probably out of the question: "I think...

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