Every year, the CEO of Berkshire Hathaway Warren Buffett and the company’s vice chairman Charlie Munger answer various questions for five hours as a part of Berkshire’s annual meetings. At the height of the internet bubble in 1999, Buffett was asked how to make $30 billion.
Following the massive plunge the cryptocurrency market underwent back in May, which ultimately saw Bitcoin drop down to below $30,000, the world’s largest crypto is without a doubt again in bullish territory.
On Thursday, two of the bigger players in the financial sector, Wells Fargo and JPMorgan registered their respective passive Bitcoin funds with the Securities and Exchange Commission (SEC).
Cryptocurrency has been a hot topic of discussion for many years now. Cryptocurrency has been having a bit of a moment and by the looks of it, it seems like it’s not going anywhere anytime soon. With that said, it’s better to stay informed and educate yourself on ways to use cryptocurrency in 2021. The…
When Jeremy Rubin, then a computer science and electrical engineering sophomore enrolled in the Massachusetts Institute of Technology (MIT) in 2014, he expected that most of the students on the campus would be familiar and excited about Bitcoin. When he found out that wasn’t the case he garnered the support of crypto enthusiasts to collect donations, which he would use to give each interested student $100 worth of BTC. 3,108 undergraduates took him up on the offer and so the Bitcoin experiment was born.
According to Ki Young Ju, CEO of on-chain and market analytics tools CryptoQuant, we are more likely to see Ethereum reach its all-time high before Bitcoin does. Ki points to the fact that ETH’s sell-side liquidity crisis is still intensifying, while BTC hit its lowest reserve levels on crypto changes back in May, to support his prediction.
One of the key features of every blockchain, be it Bitcoin or Ethereum, is the inability of a third party to falsify or in any way tamper with the transaction data stored on the network. The so-called immutability is one of the core aspects of blockchain technology and a cornerstone on which trust in the crypto industry is built upon.
Judging by the market data analyzed by the Ecoinometrics research team, gold is severely underperforming, despite the negative real yields which should in theory push the value of the precious metal upwards considerably. While the inflation rates continue to increase on the tailwind of massive Covid-19 relief-related economic stimulus programs, the price of gold hasn’t increased by as much as one would expect.
After a prolonged retraction from April’s all-time highs, the cryptocurrency sector seemed to have cooled off and lost its momentum. This week, however, the bulls were running amok as the market saw huge gains by Bitcoin and Ethereum. Read along for a quick recap of this week’s market action.