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To Understand Bitcoin, Just Think of It As A Faith-Based Asset

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The world’s favorite cryptocurrency was developed by a mythical figure whose writings are considered sacred texts. To Understand Bitcoin, Just Think of It As A Faith-Based Asset Its other religious trappings include true believers, holidays, and diets. Bitcoin has been around for more than a decade, and the total value…

Cryptos Won’t Work As Actual Currencies, UBS Economist Says

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Cryptocurrencies may never be able to work as actual currencies, according to UBS Global Wealth Management. Cryptos Won’t Work As Actual Currencies, UBS Economist Says The “fundamental flaw” inherent in cryptocurrencies is that supply can’t be reduced when demand is slumping in most cases, Paul Donovan, chief economist at UBS…

Weakening Dollar Forces Older Investors Into Crypto, New Survey Finds

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Wirex and the Stellar Development Foundation emphasized that age is “no barrier to adopting blockchain technology.” Weakening Dollar Forces Older Investors Into Crypto, New Survey Finds Seniors Are Seeking An Alternative To A Weakening Dollar! Related:Bloomberg: Americans Trade Depreciating Dollars For Bitcoin   Older generations have started recognizing the potential…

Access Denied: Banks Seem Prone To Cryptophobia Despite Growing Adoption

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Banks in many countries continue to either outrightly deny or limit their services to crypto exchanges. Access Denied: Banks Seem Prone To Cryptophobia Despite Growing Adoption From refusing to bank crypto trading desks to closing accounts held by platforms, the mainstream financial sector appears to be putting up roadblocks to…

Pro Traders Buy The Dip As Bulls Address A Trifecta Of FUD News Announcements

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After correcting 15%, Bitcoin price dropped to $30,000 but derivatives indicators suggest pro traders are buying the dip. Pro Traders Buy The Dip As Bulls Address A Trifecta Of FUD News Announcements Related: * Andreas Antonopoulos And Others Debunk Bitcoin Double-Spend FUD * Janet Yellen, Treasury Secretary Nominee Calls Cryptocurrencies…

Andreas Antonopoulos And Others Debunk Bitcoin Double-Spend FUD

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Why Bitcoin Double-Spend Story Is Being Misinterpreted. Andreas Antonopoulos And Others Debunk Bitcoin Double-Spend FUD [embed]https://www.youtube.com/watch?v=hixM4u7ep58&list=PLU1KxUVqGmaNv49-i8GSuhsGgb-Y8JsEF[/embed] While the price-action has been sharply negative, the fact that Bitcoin is still trading above $30,000 debunks the idea of it being hacked in some way. As one reader wrote in to say, it…

New Bitcoin Investors Explain Why They’re Buying At Record Prices

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Some are being inspired by rapper Megan Thee Stallion, others want to give it to their children, while a few are just hoping they’ll be millionaires. New Bitcoin Investors Explain Why They’re Buying At Record Prices They’re seeing stories about newly minted Bitcoin millionaires. They’re being offered small amounts of…

Biden’s First 100 Days Agenda Targets Executive Orders, Fresh Covid Aid

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President-elect plans to reverse some Trump policies swiftly while attempting to steer big-ticket legislation through narrow Democratic majorities in Congress. Biden’s First 100 Days Agenda Targets Executive Orders, Fresh Covid Aid President-elect Joe Biden takes office this week with a far-reaching set of plans for his first 100 days, but…

When Crypto And Traditional Investors Forget Fundamentals, The Market Is Broken

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Best explanation for how cryptos and stocks have moved so far this year is the raw price of the asset, an almost meaningless number. When Crypto And Traditional Investors Forget Fundamentals, The Market Is Broken Guggenheim CIO Says Bitcoin's Fundamental Value is $400k Guggenheim CIO Scott Minerd, in an interview…

Trump Leaves Town An Outcast, Trailed By Record Pandemic Deaths And Job Losses

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Donald Trump departs Washington on Wednesday with Americans more politically divided and more likely to be out of work than when he arrived, while awaiting trial for his second impeachment -- an ignominious end to one of the most turbulent presidencies in American history. Trump Leaves Town An Outcast, Trailed…

B of A Clients With $561 Billion (AUM) Says Bitcoin Is Most Crowded Trade

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For the first time since 2017, Bank of America Corp. clients with $561 billion combined say Bitcoin is the world’s most crowded trade as speculative euphoria hits Wall Street. B of A Clients With $561 Billion (AUM) Says Bitcoin Is Most Crowded Trade Investors surveyed by the investment bank this…

Trump Turned Republicans Into Losers

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Bad presidential character, not stolen votes or Joe Biden, is the reason Democrats are back in power. Trump Turned Republicans Into Losers President Donald Trump’s campaign to overturn the results of the 2020 presidential election has tanked his poll numbers. It has cost his party control of the Senate. It…