The Central Bank of Nigeria disseminated a memo earlier, expressing their intentions to place a ban on Bitcoin (BTC) and cryptocurrency transactions in the region. In 2017, the Director of Finance and Policy Regulation of the bank, Kevin Amugo, endorsed a document warning against the illicit use of Bitcoin and other cryptocurrencies in money laundering […]
Bitcoin (BTC) has been repeatedly touted as a good store of value like gold, considering the cryptocurrency shares similar qualities—like limited supply—with the precious metal. This narrative has been defended by several respected representatives of traditional financial institutions, like Skybridge Capital’s Anthony Scaramucci. At the same time, many others have refuted this claim, and the […]
The massive global network that connects all computers or mobile devices worldwide, known as the internet, is hands-down one of the most ground-breaking inventions of the 20th century. Although it was originally invented sometime around the 1960s, it only gained significant utilization in the 21st century. Given the world we live in today, it is […]
According to Raoul Pal’s Global Macro Investor Report, Bitcoin (BTC) will likely grow by 10x from its current market capitalization by October 2021. Raoul’s GMI model utilizes Metcalfe Value to make forecasts and currently proposes that the benchmark cryptocurrency is significantly undervalued. GMI’s model uses Metcalfe Value to make the prediction and currently suggests the […]
In a recent interview, BlackRock founder, and CEO, Larry Fink was asked to share some of his opinions about Bitcoin (BTC). Fink stated that he sees a bright future for the benchmark cryptocurrency and that it could become a reliable store of value, but Bitcoin still has to prove itself. Fink described the BTC space […]
Speaking in a recent interview with Bloomberg TV, Scott Minerd—the CIO of Guggenheim Partners—noted that institutional demand for Bitcoin (BTC) will not be enough to sustain the cryptocurrency above the $30k psychological mark. Minerd believes that the benchmark cryptocurrency is far away from $35k or even $30k if it were relying on just institutional investment. […]
Following a significant parabolic bull run that saw Bitcoin (BTC) hit a new all-time high some weeks ago, the benchmark cryptocurrency—in a weird twist of events—is now in a battle to stay above the $30k psychological mark. This $12,000 decline has caused many to wonder if the bull cycle is over and if BTC will […]
Bitcoin (BTC) has been having a difficult time over the past few days, as the price continues to struggle to close the gap to its recent highs. The price dynamics surrounding the benchmark cryptocurrency appears to be tilted in favor of bears in the past few days, with Bitcoin recording a sharp decline below the […]
Since its inception in 2009, people have wondered if Bitcoin (BTC) could become a standard electronic peer-to-peer cash system, as intended by Satoshi Nakamoto. However, some have asserted that the cryptocurrency’s erratic volatility will make this ambition impossible. That said, a recent report shows that the Bank of Singapore shares this belief as well. The […]
