Anthony Scaramucci, founder of SkyBridge Capital, supports investing in Bitcoin and gold as protections against the US's growing national debt and potential inflation. He warns the US deficit could reach $55 trillion in a decade, eroding currency value and purchasing power. Scaramucci sees Bitcoin and gold as key assets to hedge against this monetary instability and plans to allocate about 30% of a new portfolio to Bitcoin alongside other assets. He predicts Bitcoin could reach $1 million to $1.5 million within ten years, reflecting its potential to capture half of gold's market value.
S&P Global has excluded Bitcoin (BTC) and XRP from its crypto index because these cryptocurrencies do not generate revenue, despite their large market caps. This change reflects a shift in the index's criteria, prioritizing revenue-generating project...
Cryptocurrency markets display varied price changes, with Bitcoin trading around $66,629, up nearly 2%. Ethereum and Binance Coin also see modest gains. Notable increases include Monero (XMR) up 7.03% and ONDO surging over 12%. These fluctuations ref...
XRP, Cardano (ADA), Stellar (XLM), and Bitcoin (BTC) are showing early signs of bullish recovery after periods of decline. XRP is forming an ascending triangle with rising support, indicating potential for a longer recovery if resistance levels are o...
Bitcoin recovered from an early dip around $63,750 to surpass $66,000, hitting a monthly high. This rebound helped the total cryptocurrency market capitalization increase by about $70 billion in a single day. The rise also led to widespread gains acr...
Bitcoin has rebounded about 15% from early July lows, climbing above $66,600 for the first time in over a month. Analysts from Bitfinex identify $68,000 as a crucial resistance level where many recent buyers might sell, potentially stalling the rally...
