Bloomberg: Bitcoin “Should Be A Primary Beneficiary” Post Pandemic
“Bitcoin is the answer” is a phrase that’s thrown around regularly both in a serious and comical manner all across the crypto community. But in a future where there is limited potential upside in equities and bonds, the cryptocurrency could very well be the solution to further wealth accumulation. That’s exactly what a Bloomberg Intelligence Senior Commodity Strategist claims, offering a chart with Bitcoin “juxtaposed” versus quantitative easing to back up the theory. Here’s what […]
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Earlier in 2020, Bloomberg Intelligence claimed Bitcoin would soon reach $12,000 and would be a primary beneficiary in the post-pandemic world. The prediction coming true has the analyst who made the call sharing a new chart that appears to hint that the cryptocurrency is about to explode into another bull run, much like it did […]
The past eighteen months have been hard for everyone on our planet. A global pandemic has prevented us from experiencing social contact to the fullest, creating a void waiting to be filled. As a result, some savvy cryptocurrency enthusiasts have come up with a different way of engaging with their favorite stars. The Need for […]
“For us, we think the cryptocurrency markets represent tremendous growth,” said SkyBridge founder Anthony Scarramucci. SkyBridge Capital is working on pivoting the majority of its assets under management (AUM) to digital assets, as the sector represents “tremendous growth” for the firm. The hedge fund was founded by former United States politician Anthony Scaramucci in 2005 and first delved into Bitcoin (BTC) in late 2020. The firm also has money deployed in other hedge funds, late-stage private tech companies and real estate, with its total AUM reported being around $7.3 billion.....
Ah, the WinkDex. It's the brain child of both Cameron and Tyler Winklevoss, two of the bitcoin community's most prominent entities. This simple but effective bitcoin price composite is the official price measure of the Winklevoss' bitcoin ETF, currently awaiting regulatory approval by the United States Securities and Exchange Commission. And according to a post made on the Winklevoss Capital website, the price data is now available on Bloomberg in a move some suggest may further legitimize the digital currency in the eyes of traditional financiers. "We are honored to be working with....
The Institute of International Finance (IIF) says global debt will soar to a record $277 trillion by the end of 2020 as governments and companies continue to spend in response to the COVID-19 pandemic. Already, the debt has ballooned by $15 trillion this year to $272 trillion through September. Governments from developed markets account for more than half of that increase, according to the IIF’s Global Debt Monitor. Governments from Developed Markets Are the Biggest Borrowers According to a report, debt repayments will prove to be “much more onerous” despite the....