Wall Street “Perma Bear” Predicts Stock Market Crash: Says Bitcoin Cannot Be ...
Long term Wall Street bear and bitcoin holder, David Tice predicts that the stock market will crash fall by 30% in a retreat that will persist for two years. Although the veteran investor is not giving the specific commencement date for this downturn, he warns that when it breaks, “it’s likely to break hard and cause investors to suffer for a long time.” Biden Administration Policies In remarks made during an interview, Tice, who claims to be a “believer in the Austrian School of Economics”, points to the “business-unfriendly policies from....
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Any attempts from Bitcoin to secure higher price levels may fall short as long as its correlation with the US stocks sustains. So predicts Ronnie Moas, a stock market analyst heading Florida-based research firm Standpoint Research. He said in an early Thursday tweet that Bitcoin might fall by another $400 (or more) in the coming sessions. The expected downside move should come if the Wall Street indexes correct lower by 10-20 percent. “Bitcoin has been […]
Wall Street investors are preparing themselves for the worst year in the US stock market since 2008. There are several events contributing to this downfall, including the vague policies outlined by the Federal Reserve. Furthermore, the devaluation of the Chinese Yuan, combined with a crash in oil prices and slower earnings growth, are not helping matters....
Peter Berezin, chief global strategist at BCA Research, has predicted that the stock market will experience a significant crash by 2025. His prediction is noteworthy, given the impact that a decline in the stock market could have on the crypto market. Market Expert Predicts 32% Crash In Stock Market Berezin mentioned in an interview that the S&P 500 will decline by 32% and drop to 3,750 by next year. He explained that this downtrend would occur due to a recession in the US, which he predicts could happen at year-end or early 2025. He claimed that the reduction in consumers’ spending is....
Blockchain-based data management platform, Factom, has announced its partnership with Intrinio, an application and financial data provider. The duo plans on putting Wall Street on the Factom blockchain to provide immutable and transparent US stock market data for the first time in history. Factom & Intrinio Tether Wall Street to Blockchain....
The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps. Wall Street opened its doors for the first Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 19, with the listing of ProShares Bitcoin Strategy (BITO) on the New York Stock Exchange. The fund attracted more than $1 billion in trading volume on its first day, while BTC price rallied to a new record high of $67,000.But the spot gains did not stay for too long with BTC paring some gains going into the weekend.Bitcoin price corrected by almost 11% from its all-time high to reach....