Why XRP Hasn’t Faded: Billionaire Highlights Key To Its Survival
A billionaire investor recently gave his insights into XRP and why crypto will remain relevant in the future despite the presence of more popular digital assets. American businessman Mike Novogratz highlighted in a podcast that XRP owes its resilience to its community, which helped the crypto sustain its value over the years. Related Reading: Solana Faces Double Trouble: 55% Network Drop And Price Woes Resilience Of XRP Novogratz was previously skeptical of the lasting power of XRP but in recent years, the American entrepreneur backtracked from his initial skepticism on crypto. The....
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Norwegian billionaire Øystein Stray Spetalen, who once called bitcoin “nonsense,” has reportedly capitulated and invested in the cryptocurrency after seeing another billionaire in Norway embracing bitcoin. He has also invested in a local crypto exchange. “When the facts change, I change,” he said. Norwegian Billionaire Gets Into Bitcoin After Seeing Another Making Money With the Cryptocurrency Øystein Stray Spetalen, a Norwegian billionaire, has made a complete reversal in his view of bitcoin, local publication Finansavisen recently reported. Once a....
Although it is on the cutting edge of technology bitcoin might be more closely aligned with nature than we think. This series of 3 articles compares how bitcoin and the legacy financial systems stack up against the laws of nature. In this first piece, we cover survival of the fittest, along with the concepts of CANI and being anti-fragile. Survival of....
Price at the time this article was written is: US$238.38. Last week the article began with: “The Bitcoin price continues to be range bound. This appears to be looking like the top of that range. Last week the price was ~$225 USD as of this writing and now its at $238 USD. It has attempted a few times to get above $240 USD, which is proving to be major resistance. This is where the 50-day exponential moving average now lies. In the last few days price has tried to stay above this level and hasn’t been able to.” There has been quite a bit of good news lately (itBit fully regulated, Goldman....
The bitcoin price hasn’t moved since our last price piece, and $611 remains as the mark where bitcoin makes its present home. However, despite the sideways movement, billionaire Bill Gross seems optimistic One source describes the action: “Things haven’t gone great so far. We’re not down on the markets or anything – we’re a little bit up on our Monday balance – but things have been incredibly dull. When we get action like this, all we can do is sit and wait, maybe dabble with an attempt at a fundamental bias for a bit of variety. The thing is, you only really realize it when you pull out....
The third-richest billionaire in Mexico, Ricardo Salinas Pliego, has shared his experience of living through hyperinflation. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s.
Mexican Billionaire Warns About Inflation
Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some advice Thursday regarding inflation, hyperinflation, bitcoin, and fiat currencies at the Bitcoin 2022 conference in Miami, Florida.
Salinas is the founder and chairman of Grupo....