Increased Mainstream Adoption of Bitcoin Cuts Diversification Benefit, JPMorg...

Increased Mainstream Adoption of Bitcoin Cuts Diversification Benefit, JPMorg...

Bitcoin's correlation with traditional markets could "erode" its "diversification value over time."


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Mastercard Severs Ties With Pornhub — Is Mainstream Crypto Adoption Coming fo...

Global payment companies Mastercard announced on December 10, 2020, its official decision to ban their customers from using credit and debit cards to arrange purchases on one of the biggest adult websites. Visa has taken the same measure on a temporary basis. Mastercard Cuts Ties With Pornhub Following Accusations According to a statement sent through Bloomberg, Mastercard said that after investigating Pornhub “over the past several days,” which “confirmed violations of our standards prohibiting unlawful content on their site.” Another payment processor giant, Visa,....

Crypto hodlers may not get richer from mainstream adoption — Goldman Sachs

More demand could just mean bigger correlations to traditional markets, the bank’s researchers say. Bitcoin (BTC) and cryptocurrency adoption may not necessarily make its price higher in dollar terms, Goldman Sachs argues.In a note seen by Bloomberg published Thursday, the international banking giant claimed that mainstream acceptance of crypto assets would increase their correlation to other mainstream asset classes.Goldman: Adoption is a “double-edged sword”In a view contrary to that of many Bitcoin proponents, Goldman sounded firmly uninspired by the prospect of crypto as a tool for the....

Goldman Sachs: Mainstream Adoption Won’t Boost Bitcoin Price

Goldman Sachs’s words have been interpreted as a sign that the cryptocurrency craze may be coming to an end. The analysts at this global banking powerhouse say they don’t see mainstream adoption boosting the crypto industry soon. Unfortunately, that means bad news for those who bought bitcoin or other crypto assets on hope chests full-force optimism about its value increases exponentially over time. Cryptocurrencies are becoming more and more popular as the adoption rate for Bitcoin increases. The strategists tell Bloomberg that correlation has started to occur with other macro....

Infosys: Blockchain Tech Adoption Won't Take A Decade

IT consulting giant Infosys believes that estimates for how long it will take blockchain technology to achieve mainstream adoption are greatly exaggerated. According to Infosys principal technology architect Peter Loop, work on blockchain applications will benefit from an accelerating pace of overall tech adoption that will soon put pressure on existing legacy financial solutions. "It’s not 10 years away. It’s years or less away. The way the pace of technology works, the way continuous integration works, these things will be integrated pretty quickly once it happens," Loop said in a new....

How to Use Diversification to Trade a Turbulent Market

Bulls vs. Bears. The long history of two animals battling against each other on Wall Street has now paved its way into the crypto markets. After a long reign, the bulls have taken a step back and the bears have taken over. That said, most of us are aware that the market conditions right now aren’t the most trader-friendly; stable coins have been destabilized and there’s a bloodbath with red candlesticks taking dips. So, what could help a trader or an investor at this point? The simple answer is diversification, or the golden rule of never putting all your eggs in one basket. Striking the....