Tag: bloomberg

Jul 12 2021

That JPMorgan Report On El Salvador Doesn’t Even Mention The Lightning Network

How embarrassing! As more details about JPMorgan ’s “The Bitcoinization of El Salvador” report come to light, the reality of the situation settles. Traditional organizations don’t have a clue that the Lightning Network exists and is up and running. More so, Bitcoin is legal tender in El Salvador because and only because El Zonte is a living and breathing example of the Lightning...

Jul 07 2021

Former CFTC Chair: A Bitcoin ETF Would Be Good For Investors And Regulators

Jul 07 2021 Published at Bitcoin Magazine under tags  bitcoin etf bloomberg business cftc etf

Timothy Massad delineates the case for the SEC to approve a bitcoin ETF, something he claims could benefit retail investors and regulators.An opinion article published today on Bloomberg makes a case for the U.S. Securities and Exchange Commission (SEC) to approve a bitcoin...

Jun 10 2021

Bitcoin (BTC) Surges Over 13% Amid Renewed Crowd Interest and Whale Accumulation

After a strong correction earlier this week, Bitcoin (BTC) has registered a strong pullback today. The BTC price has surged by 13% moving past $37,000. At press time, the BTC price is trading at $37,517 with a market cap of $690 billion....

Jun 04 2021

May 11 2021

Bloomberg Analyst Sees A U.S. Bitcoin ETF Coming In 2021

May 11 2021 Published at Bitcoin Magazine under tags  bitcoin etf bloomberg business sec

Bloomberg's top ETF analyst Eric Balchunas sees 2021 has explained why the approval of a bitcoin ETF in the U.S. might be imminent.There has been a lot of hype over a bitcoin exchange-traded fund (ETF) arriving in the U.S. since at least 2017, with many firms filing for regulatory approval to offer one this...

Apr 19 2021

Novogratz: XRP Rise “Doesn’t Make Sense”; DOGE “Doesn’t Really Have a Purpose”

The billionaire crypto advocate and Galaxy Digital founder believes that altcoin markets are frothing at the bit.

Apr 07 2021

Bitcoin to Become the Global Reserve Asset, Says Bloomberg

Apr 07 2021 Published at Crypto Briefing under tags  bitcoin bloomberg btc markets trading

A new report suggests that Bitcoin's fundamental and technical values are improving despite its recent lackluster price action. Bitcoin's Mainstream Adoption Accelerates Bloomberg...

In Bullish Report, Bloomberg Predicts $400,000 Bitcoin Price In 2021

Apr 07 2021 Published at Bitcoin Magazine under tags  bitcoin price bloomberg markets

In its latest monthly “Crypto Outlook” report, Bloomberg outlined the “rising bitcoin adoption tide” with some bullish sentiment.On April 6, Bloomberg released the April edition of...

Apr 02 2021

JP Morgan Says Stable Bitcoin May Attract Institutions: Report

Apr 02 2021 Published at Crypto Briefing under tags  analysis bitcoin bloomberg jp morgan

A more stable Bitcoin may bring more institutional investors, says JP Morgan. JP Morgan Forecasts Institutional Catalyst Bitcoin's falling volatility could attract institutional investors, according to a team of JP Morgan analysts. Bloomberg...

Jan 18 2021

Bloomberg article reveals Bitcoin Price danger – why they’re WRONG

Whenever we witness a new technology that didn't make public headlines, the mainstream media fails to mention it in their news, because for them it won't get many viewers and clicks. When...

Jan 17 2021

Bitcoin’s Massive Swings Give Pause to CFOs Mulling Reserve Investment: Bloomberg

Jan 17 2021 Published at CoinDesk under tags  bitcoin bloomberg markets news

Bitcoin’s 30% price correction was enough to give some CFOs second thoughts.

Jan 08 2021

Bloomberg Report: $50k May Be Bitcoin’s Next Stop with a Base at $20k

Summary: $50k may be Bitcoin's next stop Bitcoin's old all-time high of $20k is now its base Bitcoin is attracting traditional gold investors as it is the digital version of the precious metal Bitcoin as an asset is maturing as seen through accumulation and a reduction of the premium rate on GBTC The team at Bloomberg have released their 2021 January crypto outlook...

Dec 05 2020

$50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally

Dec 05 2020 Published at CoinDesk under tags  bitcoin bloomberg people podcasts the breakdown

A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset.

Dec 04 2020

Bitcoin Market Cap Headed to $1 Trillion in 2021, Says Bloomberg

Bloomberg analysts think that 2021 will be another big year for Bitcoin. The publication's crypto arm has published its December 2020 report...

Sep 23 2020

Crypto Outperforms Gold as Top 2020 Asset- Bloomberg

According to a recent report by Bloomberg, digital currencies are by far the top-performing asset of 2020. Surprisingly, the growth of cryptocurrencies has been higher than that of gold which is considered to be an investor’s hedge during the economic meltdown. While Bloomberg Galaxy Crypto Index (BGCI) reflects a 66% jump, gold’s performance increased by a little over 20%. Evidently, this performance surge...

Sep 22 2020

Bloomberg: Bitcoin “Should Be A Primary Beneficiary” Post Pandemic

Sep 22 2020 Published at Bitcoinist.com under tags  bitcoin bitcoin price bloomberg btc btcusd

"Bitcoin is the answer" is a phrase that's thrown around regularly both in a serious and comical manner all across the crypto community. But in a future where there is limited potential upside in equities and bonds, the cryptocurrency could very well be the solution to further wealth accumulation. That's exactly what a Bloomberg Intelligence Senior Commodity Strategist claims, offering a chart with...

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