Fundamental view: Bitcoin showed a upward move against the greenback in the past week. Bitcoin price came with 440% returns over the last six months, 108% in Q1, and almost 30% this month reflect the evolution of BTC from a speculative asset to a means of payment and a store of value for individual and [...]
Fundamental view: Bitcoin fell against greenback in the previous week. It fell due to the positive sentiment for the greenback. Ray Dailio, founder of the world’s largest hedge fund, Bridgewater Associates, warned that BTC could be banned in the United States if it becomes too successful. He paralleled it to the 1934 Gold Reserve Act, [...]
Fundamental view: Bitcoin showed sluggish move against greenback in the previous week. A report by Deutsche Bank Research said that Bitcoin has become “too important to ignore” and may attract regulation by the end of 2021. Deutsche Bank analysts expect Bitcoin to reach a turning point in about “two or three years” when it will be clear [...]
Fundamental view: Bitcoin has rallied against greenback in the past week. Bitcoin price has been supported by corporations’ broadening interest to use it as an investment alternative such as Tesla, Microstrategy, and Square. The endorsement of prominent figures like Paul Tudor Jones, Stanley Druckenmiller, and Howard Marks has sparked institutional demand for BTC. In a [...]
