Why I Changed My Mind on Bitcoin

In a research note intended for clients, investing giant AllianceBernstein says it changed its mind on bitcoin’s role in asset allocation.

Crypto is buzzing, and MIND of Pepe ($MIND) is making waves, rapidly approaching a major $10M milestone. This token blends the iconic Pepe the Frog meme with sophisticated AI and is turning heads. Currently sitting at $8.4M, MIND of Pepe ($MIND) attracts investors seeking the next big meme coin. Case in point, a significant $MIND […]

The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after residents took to the streets to protest the spiraling inflation and growing economic hardships. Ghana’s Growing Balance of Payments Deficit After initially refusing to seek the International Monetary Fund (IMF)’s support, the Ghanaian government has said it will now hold formal talks with the financial institution, a report has said. According to the report, the government’s decision....

Ritholtz Wealth Management's COO Nick Maggiulli on why he reversed positions on bitcoin.

In last weeks post we concluded with the following statement: Friday Aug 1st started out as an impressive day yet sold off near the end. As a trader of the Fiat Financial Markets it would have been reasonable to pull the trigger and try and take advantage of the upward momentum, but keep in mind, the medium term trend is still down and the trader should have realized within a few days that the breakout back to US$625 is not imminent. Let us now take a look at the long-term view and see where we stand. Friday’s close will help guide us whether we can once again approach the 50% Fibonacci....