Nostradamus Foresees the Death of Bitcoin
Many people predict death and damnation for baby Bitcoin. Multiple sources covered the recent “flash crash” of Bitcoin, and in typical form, these sources are seeing only the bad. The nihilists and anti-BTC factions are also out in droves spreading their doomsday omens. It is like Nostradamus has risen from the grave and gained foreboding knowledge of....
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JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related services.”
JPMorgan’s Blockchain Plans
JPMorgan Chase & Co foresees increased blockchain usage in traditional finance and is getting ready to offer related services, Bloomberg reported Thursday.
The global investment bank has been using a blockchain for collateral settlements, allowing its clients to use a wider range of assets as....
A Chinese economist and assistant director at the International Monetary Institute of Renmin University, Qu Qiang, has predicted that “We’re all going to die” if bitcoin becomes widely adopted as a currency. He foresees our society falling into “a death spiral of deflation,” noting that “the whole society is going to shrink and self-explode.” We’re All Going to Die if Bitcoin Is Widely Adopted, Predicts Chinese Economist An assistant director at the International Monetary Institute of Renmin University, Qu Qiang, was interviewed on CGTN about....
Climate change. Riots. Food shortages. Water shortages. General suffering. Cliff High foresees doom! He tries to not make his YouTube videos too much of a downer and sometimes talks about the bright side of life. He and his guests are the type to equate Skype malfunctions with government interference with new media broadcasts. Cliff recently made headlines in the precious metals world when he forecasted great gains in the silver price – in fact, he foresees not only $20 updates, but ultimately $600 silver and parity with the gold price, which is currently more than $1,000. Cliff applies....
Based on historical tendencies, $22,700 could now mark the next "generational bottom" for Bitcoin, new analysis says. Bitcoin (BTC) may fall more than 40% from last week's bottom, new data warns as one analyst confronts what he says is now a bear market.In a series of tweets on May 20, popular trader and analyst Rekt Capital argued that BTC/USD should dive to near $20,000 to conform to historical norms.Death cross BTC price target now $22,700Much debate has surrounded the so-called "death cross" constructions on the Bitcoin chart. These involve the declining 50-period moving average (50MA)....
Spot gold is inching towards forming a "Death Cross" on its daily chart, which may transform its ongoing downside correction into a full-fledged bear trend.