[ad_1] A renowned economist disagrees with Bitcoin supporters who claim that cryptocurrency could someday solve the national debt of the United States. Economist Peter Schiff expressed his skepticism on the bold declaration of what he called “Bitcoin pumpers” that 1 million BTC can settle the country’s national debt, saying that even with that number of cryptos, it will still be insufficient to address the country’s enormous government debt. Not Enough To Pay US Debt Schiff does not believe that 1 million Bitcoin is the answer to paying off the US national debt, arguing that to do that, the crypto needs…
Author: dfrancis36
[ad_1] Making money in cryptocurrency can sometimes mean taking huge risks. With Dogecoin price swings showing just how volatile the market can be, smart investors are now using the 80-20 rule to build more substantial investment portfolios that can weather market storms. This approach helps protect their money while still giving them a chance to profit from crypto’s growth.Understanding the 80-20 Rule in CryptoThe 80-20 rule, also known as the Pareto Principle, suggests that 80% of your crypto investment should be in stable, established cryptocurrencies, while 20% can go to riskier, potentially higher-reward options. This balance helps protect your investment…
[ad_1] Este artículo también está disponible en español. Bitcoin and Dogecoin are two of the most watched cryptocurrencies this cycle, with increases in the Bitcoin price mostly flowing into that of Dogecoin. At some point, the price correlation between the Dogecoin price and that of Bitcoin was at 0.97. Related Reading Interestingly, recent market movements have seen the Bitcoin price returning above the $100,000 price level again, with the leading cryptocurrency reaching as high as 102,700 in the past 24 hours. However, this has yet to translate into a corresponding increase in the price of Dogecoin, with the meme coin…
[ad_1] They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling…
[ad_1] Bitcoin has experienced a calm weekend, maintaining its momentum above the $100,000 mark after breaking this milestone on Wednesday and setting new highs. The crypto market is buzzing with anticipation as BTC consolidates near its historic levels, with traders and investors eagerly awaiting its next move. Adding to the excitement, CryptoQuant analyst Maartunn recently highlighted compelling data on CME Options Open Interest (USD) – Stacked by Position. This data points to growing activity among institutional traders, suggesting that a significant price movement could be on the horizon. Historically, similar spikes in open interest have preceded major volatility in Bitcoin’s…
[ad_1] The CEO of digital assets-focused investment firm Pantera Capital says his firm owns a handful of other crypto in addition to Bitcoin (BTC). In a new CNBC interview, Dan Morehead says that he thinks Bitcoin and crypto still have more room to the upside this cycle. Morehead notes that his firm has accumulated positions in three altcoins including the layer-1 protocol Solana (SOL). “The fun thing about crypto is we’ve been doing this for 11 years, and Bitcoin has a little bit more than doubled this year… On average, it has done that for 11 years in a row.…
[ad_1] Este artículo también está disponible en español. Ethereum is making another attempt to break above the $4,000 level as it edges closer to its all-time highs. Despite its strong fundamentals, doubts linger in the market regarding Ethereum’s performance this cycle, with some expecting it to underperform amid stiff competition from other blockchain ecosystems. However, Ethereum’s recent price action suggests that it is building momentum, keeping investors on edge for a potential breakout. Related Reading Top analyst Carl Runefelt recently shared a technical analysis, noting that Ethereum has encountered strong resistance near the $4,000 mark and is now consolidating within…
[ad_1] In the past few days, Bitcoin (BTC) has oscillated between $100,000 – $102,000 following multiple failed attempts to push into higher price zones. Despite breaching the $100,000 price mark earlier in December, the premier cryptocurrency has seen its bullish momentum in Q4 slow down, rising by only slightly over 4% so far in this final month of 2024. Amidst this stalled price growth, recent data on Bitcoin miners’ transactions may indicate additional concerns for investors. Bitcoin Miners’ Holdings Drop To 1.95 Million BTC According to renowned crypto expert Ali Martinez, Bitcoin miners have recently shed significant amounts of their…
[ad_1] Following the approval of the US-based spot Bitcoin exchange-traded funds (ETFs) in January 2024, the crypto crowd felt it was only a matter of time before other similar products received the green light. Barely six months after the BTC ETF trading debuted, the Ethereum exchange-traded funds were also launched in the United States. While the Bitcoin ETFs got off to a strong start at the beginning of the year, their Ethereum counterparts had quite a shaky beginning after launch. However, it appears that both the BTC and the ETH exchange-traded funds have piqued the interest of investors in the…
[ad_1] A decentralized real estate trading platform built on the smart contract platform Solana (SOL) is surging after getting a spot on Coinbase’s listing roadmap. In a new thread on the social media platform X, Coinbase Assets announces the addition of decentralized exchange (DEX) Parcl (PARCL) to its roadmap, triggering a nearly 50% rally in just 24 hours. Coinbase uses the listing roadmap for transparency and to prevent insider trading on coins prior to them being listed. Being placed on the listing roadmap means the firm has determined the asset will likely be available for trading in the future. Parcl…