CNBC Runs Segment Discussing Dollar Drop, Bitcoin Rally
But over the past few weeks, and ever since April really, the U.S. dollar has been in a steep decline. Many in the cryptocurrency space and in the broader investment world see this as a win for alternative currencies such as gold and even Bitcoin. CNBC Runs Segment About Dollar Drop, Effect on Bitcoin While all eyes have been on Bitcoin over recent weeks, more and more investors in the space are taking notice of […]
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Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC. According to a well respected journalist, during a segment on CNBC it was said that gold would be trading at $3,000 an ounce if it wasn’t for Bitcoin. Here’s why that statement is probably true, and why the […]
The world already has a digital currency, a group of experts told CNBC: the US dollar. CNBC sought comments and opinions from market analysts such as ConvergEx's chief market strategist, Nicholas Colas, as part of a CNBC 25 special report on the future of money. In the piece, authored by Ted Kemp, Colas and others argued that the USD possesses many of the strengths associated with bitcoin. He said: "The $100 bill is the world's bitcoin. It's anonymous. It's easy to use. It's actually easier than bitcoin, because you don't need a computer or even power." Money is already digital. One of the....
Bitcoin, like the internet, can be used in ways which could compromise U.S. prowess without suitable allowances from lawmakers. Bitcoin (BTC) can undermine the U.S. dollar if the United States does not take a lead role in accepting it, argues Anthony Pompliano.Speaking to CNBC on April 8, the Morgan Creek Digital co-founder followed up on a warning from investor Peter Thiel that China could use Bitcoin to destabilize USD hegemony.Thiel cautions over Bitcoin threat"I do wonder at this point whether Bitcoin is to be thought of in part as a Chinese financial weapon against the U.S.; it....
Bitcoin rallies above $51,000 as the dollar stagnates, showing signs of a short-term top. The U.S. dollar index (DXY) is showing signs of a short-term top as the price of Bitcoin (BTC) demonstrates signals of a short-term rally.There is a narrative that the price of Bitcoin often coincides with a drop in the value of the dollar.Since stores of value, like gold and Bitcoin are priced against the dollar, theoretically, a downtrend in the DXY would likely have a positive impact on the price of BTC.Bitcoin retakes $50,000 againAs the dollar began to consolidate, Bitcoin broke above $50,000 on....
The CNBC host may have gotten a better deal by eventually holding on to the Ether rather than trading it in for a TIME magazine NFT auction earlier this year. In the latest sign that crypto continues to filter through into the mainstream, CNBC host Jim Cramer has spent the week discussing the large quantity of Ether (ETH) he holds.On CNBC's Squawk Box on May 4, Cramer said he owns “a lot of Ether,” explaining that he first bought it when he was trying to “buy some nonfungible token on TIME magazine. So they made you buy Ether first. I didn't get it so I just kept the Ether.” Cramer was....