Bitcoin Trade Setup on US Election Day; Boom or Bust Ahead?
A modest price rebound in the Bitcoin market reversed in the hours before the New York opening bell Tuesday. The benchmark cryptocurrency was trading at $13,605 when the sell-off started. A closer look at its hourly chart hinted that the pullback was technical. Bulls attempted to close the Bitcoin price above a short-term descending trendline […]
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Many experts believe that the US economy is headed into a recession, and that recession will almost certainly become a pressing issue for whoever the next president is (likely Trump or Clinton). Fears about the future recession have sparked a conversation about how the next president, whoever that may be, will handle it. The policy proposals could be....
Bob Swarup has extensive global experience in financial markets, macroeconomics and regulation, and recently released his new book Money Mania: Booms, Panics, and Busts from Ancient Rome to the Great Meltdown. Here, he presents his view on why bitcoin is fated to repeat the perennial cycle of boom and bust. It is human nature to believe that whatever happens to us is unique. Bitcoin is no exception to this rule. Discussions about bitcoin and its impact are everywhere at the moment. If you are a supporter, bitcoin is a digital messiah and an unprecedented paradigm shift in the evolution of....
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