Bitcoin

Bitcoin, Gold to Explode as Treasury Yields Hit Record Lows: Top Portfolio Manager

Bitcoin prices could explode based on their untapped correlation with US Treasury yields, according to prominent portoflio manager Ari Paul. The BlockTower Capita’s co-founder and CIO pitted the cryptocurrency’s long-term potential against US government bonds as the latter rallied towards its unprecedented highs this Monday. Mr. Paul noted that lower yields on the US Treasury bonds […]

Bitcoin

Bitcoin Options Market Reaches Record High: Is It a Sign of a Medium-Term Rally?

It seems as though Bitcoin’s price action throughout the early part of 2020 has drastically altered its medium-term prospects, as investors are now widely betting that the ongoing BTC rally extends significantly further. This is elucidated while looking towards the near-record volume seen on Bitcoin’s options yesterday, which signals that investors are eyeing a mid-term […]

Bitcoin

Federal Reserve’s Record $235 Billion Repo Intervention Validates Bitcoin

While Bitcoin is an asset independent of central banks, of banks, and of Wall Street, the cryptocurrency’s strength and underlying value proposition have become increasingly dependent on events in the traditional financial world as this fledgling industry has grown. Related Reading: Bitcoin Fixes This: Top Bank Chief Says Monetary Policy is Failing One such pro-Bitcoin […]