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The Introduction of Bitcoin Futures Reportedly Led to Decembers Price Drop
Bitcoin
The Introduction of Bitcoin Futures Reportedly Led to Decembers Price Decline
New speculation from the Federal Reserve Bank of San Francisco is proposing that the decline in the price of Bitcoin, from its December 2017 high of nearly $20,000, was in fact caused by the release of Bitcoin futures. This study claims that it cannot be a coincidence that the price of Bitcoin started its decline as the Chicago Mercantile Exchange introduced Bitcoin futures. These claims come as Bitcoin has seemingly…
Bill Gates Wants to Short Bitcoin
Bitcoin
Bill Gates – Bitcoin is a Greater Fool Investment
We would all think Bill Gates, the founder of the most popular operating system in the world Microsoft Windows would be up to date with technology. However, he proved otherwise, by stating to CNBC that he would short Bitcoin if he could. Bill Gates is an American business magnate, investor, author and humanitarian well known for founding Microsoft. When speaking to CNBC yesterday, he clearly stated that Bitcoin was a…
Bitcoin
The Ongoing Battle Between Bitcoin and Bitcoin Cash
Satoshi Nakamoto’s Bitcoin (BTC) started the cryptocurrency revolution. With its proven technological capabilities came plenty of impressive cryptocurrencies such as Ethereum and Litecoin. However what changed its game with a very similar name was a cryptocurrency which erupted after a hard fork in August 2017 called Bitcoin Cash (BCH). The debate of BTC vs. BCH is still going on ever since BCH was announced. The Twitter world has been fed…
Warren Buffett Calls Bitcoin Worse Than Rat Poison
Bitcoin
Warren Buffett Calls Bitcoin Worse Than Rat Poison
World famous investment guru Warren Buffett, known in investing circles as the ”Oracle of Omaha”, has once again made his negative attitude regarding cryptocurrency known. At the annual meeting of Berkshire Hathaway – of which he is both CEO and chairman – this Saturday, Buffett resorted to colorful descriptions of exactly how bad he considers virtual currencies to be. This comes as other institutional actors are warming to cryptocurrencies and…