• Roubini Microstrategy Saylor Coke addict
    adblock,  Bitcoin,  Cryptocurrencies,  People

    Crypto critic Nouriel Roubini: MicroStrategy CEO Michael Saylor a ‘coke addict’

    Three days in, CoinDesk TV had its first controversy in an interview with prominent Bitcoin and cryptocurrency critic Nouriel Roubini, who also called Tether a “criminal enterprise”

    When asked about institutional investors buying bitcoin Roubini, an NYU economics professor, launched into a diatribe about the first cryptocurrency not being an asset but a “speculative bubble”—which he’s said many times— before calling MicroStrategy CEO Michael Saylor a “coke head," accusing Elon Musk of "market manipulation" and saying stablecoin-issuer Tether is a “criminal enterprise.”

  • bitcoin price shorters beware
    Bitcoin,  Markets Report

    Bitcoin Shorters Beware! Market lies in wait for $50,000

    Thin resistance between spot price and the $50,000 hurdle amid more public endorsement of corporate Bitcoin buying

    Broadly thought to be a watershed moment for the cryptocurrency, Tesla’s buy-in had proponents arguing that other big tech firms would have no choice but to follow. Thereafter, naysayers voiced caution, arguing that Bitcoin’s volatility itself would stop smaller outfits converting a significant portion of their treasury.

  • Tesla buys bitcoin

    Tesla buys $1.5B in Bitcoin, will take crypto payments, sending BTC’s price to record highs

    The move comes two months after MicroStrategy’s Michael Saylor encouraged Elon Musk to convert Tesla’s balance sheet to Bitcoin

    In a filing with the U.S. Securities and Exchange Commission, the electric vehicle manufacturer also confirmed that it plans to accept BTC as a payment method soon. However, it’s unclear whether or not such payments would be converted into cash immediately afterwards.

  • bitcoin price ether high
    Bitcoin,  Ethereum,  Markets Report

    Markets Report: Ether hits $1,700 high but data hints firms piling into Bitcoin

    Sideways price action continues for Bitcoin, but all the signs of a bullish continuation are there before the weekend

    Monday began with the fallout from retail investors’ takedown of shorters on traditional markets. As regulators caught on and trading platforms shut down access to certain stocks, Bitcoin proponents swiftly stepped in to highlight the comparative freedom inherent in Bitcoin markets.