Financial Analyst/Trader: Big Investors Moving To Bitcoin, Central Banks’ Days Are Numbered
Institutional investors have become the largest group of bitcoin buyers because of the negative interest rate policy of central banks and the rising bitcoin price, according to Chris Vermeulen, founder of AlgoTrades Systems, a market technical analyst, trader and a financial author, writing in resourceinvestor.com. Vermeulen claims central banks have proven to be a curse for global economies and their days are numbered because of new technologies and currencies. Investors Escape Fiat Currencies. People are putting money into digital currencies rather than fiat currencies due to central....
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Bill Gross from Janus Global Unconstrained Bond Fund believes that the flawed monetary policies implemented by central banks are turning investors towards Bitcoin. Bitcoin and its underlying distributed ledger technology can definitely give centralized monetary systems a run for their money. At least that’s what Bill Gross, a billionaire bond manager believes. Bitcoin is already popular as being an alternative to conventional financial assets. Thanks to low and negative interest rate policies being implemented by the central banks in few countries, investors are now turning from....
Financial writer Frances Coppola gave a history and forecast of bitcoin and blockchain technology in an article on American Express. While she is uncertain about bitcoin’s long-term future, she believes blockchain technology will play an important role in international payments. Bitcoin/Blockchain Overview. Coppola begins the article explaining how bitcoin and the blockchain work and how bitcoins are created through mining. She noted that as the energy cost for mining bitcoin has increased, many are wondering if there could be more productive uses for the energy. Because bitcoin....
Latvia's Central Bank - aptly named the Bank of Latvia - isn't entirely in support of bitcoin and digital currency as a whole, it would seem. A financial analyst at the central bank issued a warning to the Latvian public which sentiments echoed time and time again by central banks around the world. The analyst, Mr. Deniss Filipovs, warned that the buying and exchanging of the digital currency carries some level of risks (something made all to clear with the collapse of Mt. Gox earlier this year). Filipovs added that bitcoin isn't issued by any central bank (which, frankly, is one of the....
Michaël van de Poppe believes that upside is in store for BTC/USD in the coming days despite nervousness about Grayscale. Bitcoin (BTC) closed beneath a key moving average for the eighth week in a row this weekend, but one analyst is betting on an imminent breakout.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin balances breakout with Grayscale worriesData from Cointelegraph Markets Pro and TradingView tracked Bitcoin as it reversed weekend gains on Monday after a disappointing weekly close.The largest cryptocurrency had maintained its familiar trading range with $33,000....
If global central banks are any indicator, the bitcoin price can continue its supersonic bull run despite hitting a pause in the past three weeks.