• Bitcoin,  Regulation

    U.S. will ‘squash’ Bitcoin during crisis: ‘The Big Short’ investor Burry

    Forecasting an inflationary crisis, the investor who called the 2008 mortgage crisis predicts governments won’t put up with currency competition in bad times

    “I don’t hate $BTC," Burry said on Twitter. "However, in my view, the long term future is tenuous for decentralized crypto in a world of legally violent, heartless centralized governments with #lifeblood interests in monopolies on currencies."

  • liquidity threatens bitcoin rally
    Bitcoin

    Falling liquidity threatens Bitcoin rally: JPMorgan’s Panigirtzoglou

    Analysts at the world’s top bank suggested that low liquidity means that a relatively-small sellout could have major implications for Bitcoin’s price

    “Market liquidity is currently much lower for Bitcoin than in gold or the S&P 500, which implies that even small flows can have a large price impact," JPMorgan’s Nikolaos Panigirtzoglou said today.

  • Bitcoin,  Markets Report

    Markets Report: Bitcoin sheds 4% as bulls give way to new correction

    A comedown from the weekend’s all-time high accelerates on Monday, with $50,000 about to be tested as support for the first time

    Bitcoin is correcting again as the latest phase in its epic bull run looks ripe for some disruption. After the weekend produced a fresh all-time high of $58,314 for BTC/USD, Monday is proving stubborn, with Bitcoin briefly coming down over $10,000 in 24 hours before reversing.

  • Bitcoin less dumb than cash
    Bitcoin,  People

    Elon Musk: Tesla holding Bitcoin is ‘less dumb’ than holding cash

    The tech mogul comes off as decidedly unenthusiastic about Bitcoin, which he also called ‘almost as bs as fiat money.’

    Musk was defending the recent $1.5 billion Bitcoin investment of his electric car manufacturing firm Tesla, which he said “is adventurous enough for an S&P500 company.” Furthermore, he added that “Tesla’s action is not directly reflective” of his opinion.