“Structural Deflation” In Europe to Boost Bitcoin Growth: Macro Investor
Bitcoin is in no man’s land in terms of its price as it balances above $10,500 but remains below the $11,000 resistance. The cryptocurrency is still in a positive macro bull trend though, analysts say. One reason why these analysts remain confident is that macro trends are favoring growth in the value of Bitcoin. One such trend is the ongoing deflationary trends in Europe, Dan Tapiero of 10T Holdings recently suggested. Tapiero is a long-time […]
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Bitcoin has pushed seriously higher over the past few days despite some mixed performance in the S&P 500. The leading cryptocurrency is up around $2,000 over the past seven days, having rallied as high as $13,250 after bottoming at $11,200 last Thursday. Prominent macro analyst Raoul Pal expects that BTC will continue to outperform other macro markets in the future. Bitcoin to Decouple from S&P 500, Dollar: Prominent Macro Analyst Pal recently went as far […]
Bitcoin has been the best-performing macro asset of 2020. Dan Tapiero, a prominent macro investor and a co-founder of firms like 10T Holdings and Gold Bullion Int., thinks this will continue. He said that he can’t imagine a world where “the coin doesn’t outperform all other assets.” Bitcoin Could Be the Best Performing Asset Moving Forward, Says Macro Analyst Bitcoin has surged over 60% in the past month alone. The leading cryptocurrency has rocketed from […]
There are dedicated plans on the table to boost cross-border ecommerce in the European region over the next few years. The European Commission has drafted some new rules which address some of the most common hurdles when dealing with online commerce in Europe. This news can also be beneficial for Bitcoin adoption in the long run. When dealing with ecommerce in the European region, there are still some significant hurdles that need be tackled. Geoblocking remains a critical issue, as well as parcel delivery in other countries being too expensive. Additionally, consumer trust can always be....
With Lastbit Lite and Lastbit Cards, users can move instantly between bitcoin and euros via the Lightning Network. The post Lastbit Launches Two Lightning Payment Apps To Boost Adoption In Europe appeared first on Bitcoin Magazine.
Bitcoin has blown away the expectations of almost anyone outside of the most steadfast supporters of the cryptocurrency or believers in the stock-to-flow model. The asset over the last several months has exploded from below $10,000 to over $40,000 at the current high. And although the now $11,000 decline could appear to resemble a longer-term “top,” one global macro investor says that the “strong part of the Bitcoin upmove has not started yet.” Capital Manager: […]