‘The Business Blockchain’ Author Predicts Year-End Prices of Top Cryptos – CCN.com

On Wednesday, the author of the book “The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology,” William Mougayar, took to Twitter to share his fearless forecast on the possible year-end prices of top cryptos. The crypto tokens that made Mr. Mougayar’s list include bitcoin, Ethereum, Ethereum Classic, and Binance Coin among others. Strong end of the year predictions from William Mougayar. | Source: Twitter What immediately caught our attention is the author’s predictions on the top two cryptos. Mr. Mougayar believes that bitcoin will print a new…

Warren Buffett has Enough Spare Cash to Buy Two-Thirds of All Existing Bitcoin – CCN.com

Warren Buffett isn’t much of a bitcoin fan. He’s called it rat poison squared, a gambling device, delusional, and a seashell with no inherent value. But, if he wanted to, he could become the biggest bitcoin whale of them all. Buffett could buy two-thirds of the existing BTC supply… in cash. Warren Buffett’s investment firm Berkshire Hathaway reported a record $122 billion cash pile in a recent filing. That’s about two-thirds of bitcoin’s current market capitalization of $177.6 billion. Sidenote: obviously, this isn’t actually possible. Only a small portion of…

The US Quietly Printed $75 Billion out of Thin Air (For the Banks). This Is Why Bitcoin Matters – CCN.com

The Federal Reserve Bank of New York very quietly handed out $75 billion in cash to the banks on Wednesday in a process known as a ‘repurchase operation,’ or repo.  This emergency measure hasn’t been used at scale for a decade, since the last financial crisis. It’s a reminder of the central banks’ power to artificially expand the money supply and devalue your money. This is why bitcoin, with its capped supply and strict, predictable output, matters. What is the repo operation? In simple terms, the central bank prints $75…

‘Master’ of Alternative Investments Doesn’t Have a Clue About Bitcoin – CCN.com

Blackstone head honcho Stephen Schwarzman is rich. Really rich. Almost twice the market cap of bitcoin-level rich, in fact. The man who was, once upon a time, lauded as the “Master of the Alternative Universe” built his empire by taking risks. Over the years, the billionaire CEO has traded in a wide variety of businesses including a casino, a marine theme park, and even a German camping outfit. Schwarzman is the world’s 100th richest man, according to Forbes, with a “real-time net worth” of $18.4 billion. 1% of Your Portfolio…

Deflation with Negative Interest Rates Is Bullish for Bitcoin – CCN.com

The European Central Bank (ECB) is the modern architect of negative interest rates. | Image: AFP PHOTO / JOHN THYS The world is slowly descending into the age of deflation. Under this condition, central banks adopt a negative interest rate policy (NIRP). In other words, those who park their cash in banks must pay interest. This forces many citizens to invest their excess cash in assets such as stocks, commodities, or even cryptocurrencies. In 2014, the European Central Bank (ECB) embraced NIRP. The Bank of Japan followed suit in 2016.…

Bitcoin is Not And Never Will Be ‘Money’ – CCN.com

Bitcoin won’t replace fiat currency. | Source: FedBul/Shutterstock If you’ve been reading my column, you know that I do not believe in the long-term story of bitcoin and that trading it is actually worse than gambling in a Las Vegas casino. I don’t believe bitcoin will actually ever replace fiat currency, and the circumstances under which that could happen would actually undercut the ability for bitcoin to even be utilized, and the current state of the bitcoin market is that it is so volatile that it hardly classifies as a…

Bitcoin Is Ideal Hedge Amidst Rising Global Uncertainty

Many claim that bitcoin is the “new gold.” However, BTC is not correlated with any asset, including gold. Hence, it’s a good hedge. | Source: Shutterstock The U.S.-China trade war, the Hong Kong protests, and now the attack on Saudi Arabian oil producer Aramco – these events add more pressure to financial and commodity markets that already look overextended; stocks are trading close to all-time highs. On top of that, central banks are slashing interest rates and printing money while the real-estate market is still overpriced. Stocks, bonds, and property…

Bitcoin-Pumping Wealth Advisor Licks Chops Over Fed Meeting

A $10 billion wealth advisor predicts the next Fed rate cut will launch the bitcoin price to a new yearly high. There’s just one problem. | Source: Jim WATSON / AFP (i), Jan von Uxkull-Gyllenband/Shutterstock (ii). Image Edited by CCN. The Federal Reserve will hold its next policy meeting tomorrow, and analysts predict that the US central bank will adopt its second straight interest rate cut. That move should bolster the stock market, but does it mean anything for bitcoin? Will Interest Rate Cut Ignite Bitcoin Price Boom? Nigel Green,…

Want Bitcoin to Moon? You’d Better Start Buying Stocks – CCN.com

Want the Bitcoin price to surge to new highs? You’d better start buying stocks – or at least invest in an S&P 500 index fund. | Source: Scott Olson / Getty Images / AFP It seems like a lifetime ago that the Bitcoin price grazed the $20,000 mark in late 2017, and bulls have been pining for a new breakneck rally ever since. According to Fundstart Global Advisors co-founder Tom Lee, the catalyst for BTC’s march to a new all-time high could come from an unlikely place: the stock market.…

Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader – CCN.com

The next bitcoin bull market is only getting started, analyst claims. | Source: Shutterstock Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. Trade Tosser Tweet | Source: Twitter While a quick short might be profitable now, one trader believes that the rally from $3,000 to almost $14,000 is nothing but a warm-up. According to an analyst, all four BTC bull runs were massive local bubbles. In his humble opinion, bitcoin is the future.…