Bitwise’s chief investment officer has expressed that the industry is not bullish enough about bitcoin, given the current market dynamics. He pointed to increasing political support, including Donald Trump’s proposal for a national bitcoin stockpile and various legislative initiatives, as indicators of a potential market shift and significant upside for bitcoin investors. Bitwise CIO Matt […]
Bitwise’s chief investment officer says bitcoin price could surge above $ 200K this year due to a “massive supply-demand dynamic,” emphasizing that “there’s too much demand and not enough supply” for the cryptocurrency. Predicting “an even bigger wave” of demand for bitcoin due to spot bitcoin exchange-traded funds (ETFs), he described: “It’s in a …
Peter Schiff, a U.S. economist and gold advocate, has attributed the lacklustre performance of gold mining companies to the rising inflation rate, which contrasts with a largely static gold price. Schiff maintains that the U.S. inflation rate would have been even higher if the U.S. Federal Reserve had not increased interest rates. The economist also […]
Attorneys for FTX founder Sam Bankman-Fried say he’s having trouble focusing during his criminal trial because he’s not getting his prescribed dose of Adderall each day. In a letter to the judge Sunday, lawyers said Bankman-Fried has gone without his medication most of the day, leaving him unable to concentrate as the defense prepares to […]