Bitcoin Will Soak Up Trillions From China And Russia, Billionaire Predicts
Pantera Capital founder Dan Morehead believes a geopolitical shift in reserve management will push adversaries of the United States into Bitcoin at massive scale, calling it “inevitable” that China and Russia eventually hold “trillions of dollars” worth of the asset. Speaking on Blockworks’ Empire podcast released this week, the billionaire framed the prediction as part of a longer-term rotation in global reserve assets and a response to sanction risk embedded in dollar-denominated holdings. “I think it’ll take a decade or two,” Morehead said, adding that the first movers will likely....
Related News
Billionaire Carl Icahn, the founder of Icahn Enterprises, has predicted that the U.S. economy could be heading into “a recession or even worse.” The famous investor warned of “a lot of trouble ahead” and “a rough landing.”
Billionaire Carl Icahn Predicts a Recession in the US
Famous investor and billionaire Carl Icahn said Tuesday in an interview with CNBC that a recession or something worse could be on the horizon for the U.S. economy. Icahn is the founder of Icahn Enterprises, a public company and diversified conglomerate holding....
Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news....
Trump? Biden? Who Cares? The U.S. economy is in such a shambles that massive stimulus packages are likely either way, probably financed by the Fed.
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has predicted that trillions of dollars will flow into cryptocurrencies, particularly bitcoin. In addition, he said bitcoin mining will “save the world.”
O’Leary Says ‘Spigots of Capital’ Will Flood Into Crypto Like You’ve Never Seen
Shark Tank star Kevin O’Leary gave a keynote speech at the Bitcoin 2022 conference Thursday.
He said that based on his experience in the indexing business, “massive pools of capital, these trillion-dollar pools”....
The billionaire investor and CEO of Galaxy Digital, Mike Novogratz, says the bitcoin market is in good shape, noting that he sees “so much capital coming into the space.” He also commented on the dwindling influence China has over the crypto market.
Billionaire Investor Says the Market Is ‘in Good Shape’ — ‘I’m Not Nervous’
Galaxy Digital CEO Mike Novogratz commented on the crypto market and the latest news of China’s crackdown on cryptocurrencies Friday.
He explained that the crypto market was down for....