Here are the United States’ “Wild Cards” Bringing Down Stocks, Bitcoin & More
A hand full of wild cards held by the United States could be to blame for Bitcoin’s recent downturn. The same reasons for prompting a selloff and profit-taking in stocks are also spilling into cryptocurrencies that have only just recently come out of a bear market, Could these cards eventually act like an ace up the sleeve for investors who buy the fear over the next few months? Or will this be yet another Black […]
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The governance and origins of Bitcoin closely resemble those presented in the founding documents of the United States.
The commodity strategist has pegged Bitcoin to rebound strongly from the bear market despite headwinds for high-risk assets. Bloomberg analyst Mike McGlone has labeled Bitcoin (BTC) a “wild card” which is “ripe” to outperform once traditional stocks finally bottom out. In a Sept.7 post on Linkedin and Twitter, McGlone explained that while the United States (U.S.) Federal Reserve tightening will likely determine the direction of the stock market, Bitcoin remains a “wildcard” that could buck the trend, stating:“Bitcoin is a wild card that’s more ripe to outperform when stocks bottom, but....
A significant amount of bitcoin changed hands on the United States’ most dominant spot exchange, Coinbase, as investors look to buy the dip.
According to billionaire investor Ray Dalio, China’s digital Yuan will outpace the United States’ efforts to create a central-bank digital currency. In an interview with CNBC, The Bridgewater Associates founder shared that when the United States issues its own CBDC, it will certainly have its uses and “be viable.” But according to him, it won’t […]
The addition of over 50 fast-moving stocks to First Global Credit is an important milestone for the company. Bitcoin margin trading platforms are becoming more popular as of late. First Global Credit, the first company bringing mainstream profit opportunities to bitcoin holders, added several dozen new stocks to their platform. All of these stocks are listed on the Hong Kong Stock Exchange. As a result, bitcoin traders can now buy stocks from Chinese companies traded on the HKEX. Bridging the gap between traditional stocks and bitcoin is an excellent way to make cryptocurrency more....