Trump or Biden? Bitcoin wins regardless of US election — Barry Silbert
Grayscale CEO says that Bitcoin will win because both a Trump or a Biden election victory would result in more "brrr" or the expansion of the US dollar supply. Whether it is a Democratic sweep led by Joe Biden or a Donald Trump reelection, Bitcoin (BTC) would likely thrive. Industry executives, including DCG and Grayscale CEO Barry Silbert, say both a Trump or a Biden win would buoy BTC.The optimistic stance of industry execs despite the glaring election risk comes after Grayscale’s Bitcoin study.Trump wins = brrr Biden wins = brrr Either way, bitcoin wins— Barry Silbert....
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The price of Bitcoin rose 2% in 30 minutes as the election causes massive volatility in the U.S. stock market. The price of Bitcoin (BTC) rose by 2% in just 30 minutes right as the United States' stock market rang its opening bell on Nov. 3. During pre-market, the Dow Jones surged by over 350 points as the U.S. election day triggered massive volatility.The four reasons that likely led to a Bitcoin uptrend in such a short period are the election, a stocks upsurge, negative funding and rising exchange outflows.Hourly chart of Bitcoin. Source: TradingView.comElection triggers volatilityThe....
Bitcoin traders braced for uncertainty as Donald Trump and Joe Biden entered a tight US presidential election race. The benchmark cryptocurrency surged overnight to above $14,000 in a sharp upside. Its gains came on the prospects of a decisive election win for Biden. But with Trump winning several battleground states in a row, Bitcoin plunged […]
At the beginning of the year, the trading platform FTX Exchange launched a futures market so people can bet on the U.S. election and created a futures contract token called TRUMP. On Friday, FTX revealed that the exchange is lifting the initial margin requirements to $0.50 for its TRUMP token contracts. Individuals who don’t live in the United States can participate in betting on the U.S. 2020 presidential election by leveraging the trading platform FTX. News.Bitcoin.com reported on FTX launching its TRUMP token futures contracts back in February, as our newsdesk disclosed a number....
See the announcement here. Barry Silbert sends out a teaser tweet. Founder and CEO of SecondMarket Barry Silbert, took to Twitter on Wednesday evening to tease his followers. Barry Silbert tweeted that he will be sharing some interesting news about the Bitcoin Investment Trust, the next day. Excited to share some @BitcoinTrust news tomorrow... The Bitcoin Investment Trust has received a great deal of interest since its announcement in September of last year, allowing accredited and institutional investors to be exposed to the bitcoin realm sans having to deal with buying, storing, and....
Inside Bitcoins New York will host Barry Silbert as a speaker on Day 3 of the event in a moderated “Fireside Chat”. Barry Silbert will discuss bitcoin investing, and the latest trends, changes, technologies, and companies currently shaping bitcoin. Barry Silbert has been a key leader in the rising bitcoin industry, even being selected in Fortune’s “40 under 40” in 2011, and this year has been named Entrepreneur of the Year by Ernst & Young and Crain’s. He is most respected for his founding of the Digital Currency Group, SecondMarket, and the Bitcoin Investment Trust (BIT)- the world’s....