As bitcoin eats into capital held in other stores of value, how much wealth will eventually transfer to BTC from equities?If you’ve been following potential bitcoin price targets, you know that many analysts expect bitcoin to completely consume or eat into portions of gold, money supply (M2), global fiat-denominated debt, stocks (equities) and real estate.Once you’ve grasped the implications of bitcoin...
Following last week's absolute nail-biter of a show featuring Reddit vs. Wall Street Hedge Funds, US Treasury Secretary Janet Yellen is calling a meeting including the leaders of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Federal Reserve in order to discuss the finance sectors last few weeks. According to the...
A lot has happened in the past week, specifically one of the biggest scandals in the past decade regarding financial brokers. Trust is one key component that the broker-investor relationship depends on, and it seems that this trust is starting to break. Regulators and big tech giants are interfering to try to break the ice and level down the impact of the disaster,...
GameStop's stock drama has had a galvanizing effect on stocks, bitcoin and even dogecoin.
The overextended stock market bubble was already close to bursting, but some recent turmoil involving skyrocketing GameStop shares and a Reddit-driven short squeeze might break the already thin ice. If this happens, and the stock market turns down in a big way while Bitcoin is on critical support, there could be another sharp plunge across the greater market. GameStop: The Short Squeeze That...
As the world goes wild watching Bitcoin’s seemingly unstoppable power surge to 40K, it's all eyes on the cryptocurrency leader. While others are investing in cryptocurrencies, blockchain tied stocks fly under the radar....
Bakkt, the Intercontinental Exchange Inc. owned crypto subsidiary is in final stage talks with VPC Impact Acquisition Holdings to go public. A Bloomberg report confirmed that the Bitcoin futures market provider is planning to merge with the special purpose acquisition company firm VPC Impact at a combined valuation of $2 billion. Sources: Intercontinental Exchange's Bakkt is The post Bakkt In Final Stage Talks...
Since 1969, 34 out of 45 years have seen a late December rally. Here are 5 reasons why that might not happen this year.
Legacy Markets have been on a consolidation level ever since reaching their all-time high back in September. This extended uptrend came after the Corona Virus Market crash and adjusted from the lows of 23rd of March 2020....
After holding up well earlier this week against the stock market sell-off, Bitcoin finally enters correction slipping below the crucial $13,000 in a market-wide sell-off. At press time, Bitcoin (BTC) is trading 3.23% down at...
Over the last few months, global investors have been largely celebrating their gains in the U.S. stock market. The tech sector has outperformed the indices, especially some of the top tech companies like...
Recently, the discussion around Bitcoin "maturing" and becoming a respected mainstream asset, has prompted comparisons to the stock market, gold, currencies, commodities, and more. One notable difference between the stock market and Bitcoin is that the crypto market is always on, and because this exists, the leading cryptocurrency by market cap will have traded more hours than the S&P 500 since its debut...
Tesla has been one of the best-performing stocks throughout 2020. The price action is comparable to the cryptocurrency market after the TSLA price jumped from $35 (after 5-to-1 split) to a high of $500, a 1,300% price boost in practically one year. Tesla has recently announced a five-for-one split of its TSLA stock to make its ownership more accessible to retail investors and...
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