Federal Reserve Chairman Jerome Powell Says Cryptocurrencies Are ‘Vehicles for Speculation’

Federal Reserve Chairman Jerome Powell Calls Cryptocurrencies 'Vehicles for Speculation'The Federal Reserve chairman believes that cryptocurrencies are “really vehicles for speculation” and “No one is using them for payments.” He then compared crypto to gold. His comments about cryptocurrency followed Coinbase’s direct listing on Nasdaq. Fed Chair Powell Thinks Crypto Is for Speculation Federal Reserve Chairman Jerome Powell talked about cryptocurrency in an interview […]

Bank of America Says the Only Good Reason for Holding Bitcoin Is ‘Sheer Price Appreciation’

Bank of America Says No Good Reason Own Bitcoin But 'Sheer Price Appreciation' — Not Diversification or Inflation HedgeBank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer diversification benefits and is “impractical as a store of wealth or payments mechanism.” Bank of America […]

Bank of America Says the Only Good Reason for Holding Bitcoin Is ‘Sheer Price Appreciation’

Bank of America Says No Good Reason Own Bitcoin But 'Sheer Price Appreciation' — Not Diversification or Inflation HedgeBank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer diversification benefits and is “impractical as a store of wealth or payments mechanism.” Bank of America […]

El Español Says Spanish Authorities Joint Statement Is a Warning to Companies in the Wake of Tesla’s BTC Buy

El Español Says Spanish Authorities Joint Statement Is a Warning to Companies in the Wake of Tesla’s BTC BuyThe Spanish financial markets watchdog and the country’s central bank criticized — again — cryptocurrencies as an investment asset. The entities issued a joint statement warning about the high risks the cryptocurrency market poses. Document: Crypto Adoption as a Payment Means ‘Is Still Limited’ Per the paper, the Bank of Spain and the National Securities […]

‘Noxious Poison’ – Bitcoin’s Market Cap Surpasses Warren Buffet’s Berkshire Hathaway Valuation

'Noxious Poison' - Bitcoin's Market Cap Surpasses Warren Buffet's Berkshire Hathaway ValuationFor many years, the business tycoon Warren Buffet has condemned bitcoin as an investment telling people that the crypto asset is nothing but gambling. Two years ago, just before a Berkshire Hathaway 2018 annual shareholder meeting, Buffet said bitcoin is “probably rat poison squared.” Despite the investor’s criticism, the crypto asset’s market capitalization has surpassed […]

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Bitcoin’s Big Believers: 6-Digits ‘Inevitable,’ BTC Has a Better Chance of Going to $100K Than Zero

For a number of years now bitcoiners have predicted that the price of bitcoin will surpass its all-time high from 2017 and many believe it will rise to the $100k or six-digit price range. This week bitcoin enthusiasts discussed the possibility of the crypto asset reaching $100k at great length. In mid-December 2017, the price […]

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Year-End Gold and Bitcoin Price Predictions from Regular Everyday People

Year-End Gold and Bitcoin Price Predictions from Regular Everyday PeopleJust recently, news.Bitcoin.com talked to a number of individuals and asked them to let us know what they think the price of bitcoin and gold will be by the year’s end. Rather than leveraging the typical predictions from experts, executives, and crypto luminaries, the post delves into the perspective of average people and what they […]

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Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay Orders

Coronavirus Outbreak Forces Chinese Mining Rig Manufacturers to Delay OrdersBitcoin mining rig deliveries from China are delayed due to the coronavirus according to a few Chinese manufacturers. Microbt and Ebang sent notices to customers via the firm’s Wechat channels. Sources say Bitmain and Innosilicon are delaying mining device shipments as well. Also read: How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion Microbt […]

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Market Outlook: Crypto Prices Consolidate as Economic Uncertainty Looms

Market Outlook: Crypto Prices Consolidate as Economic Uncertainty LoomsDigital currency markets have been meandering sideways for a few days as most of the top crypto prices have been consolidating. Some traders believe there will be a big bullish rise after the current slump, while others think crypto prices may sink even lower. Amidst the crypto market uncertainty, economists worldwide are predicting a great […]

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