Of all the investment asset classes out there today, none is as controversial as cryptocurrency. Some investors are die-hard crypto bulls, with anywhere from 25% to 100% of their portfolios in Bitcoin or other cryptocurrencies. This, coupled with its high volatility, gives it a pretty good diversification benefit when added to a portfolio. Couple this […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. When I started investing in Bitcoin , I had the preconception that I must also learn to trade. Any professional trader will tell you to write down a system of trading rules and abide by them. Although I […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Over the last 24 hours, the price of Bitcoin , the world’s largest cryptocurrency, fell roughly 4.5% as of 2:02 p.m. Yesterday, Powell emphasized that the Fed needs to move quickly to rein in surging inflation. Even if Bitcoin […]
He believes crypto can disrupt the way that many traditional companies operate, and he’s particularly excited about the potential of smart contracts. Crypto not so much.” Now he believes Bitcoin is digital gold and crypto is money 2.0. He raised concerns that it doesn’t make a great medium of exchange, is too volatile to act […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. April 20, or 4/20, is a day when pot smokers around the world gather to celebrate a recreational drug that remains illegal in the United States. Many marijuana enthusiasts may be ready to celebrate the annual 4/20 tradition […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Moreover, the technical platforms are quite similar since Doge is a distant descendant of the Bitcoin system — with some tweaks along the way. Based on a 2008 white paper by a still-unknown author by the code name […]
However, at least one crypto project has been bucking that trend with a clear and consistent upward trajectory. In 2014, a group of several developers came together with a focus on developing a blockchain-based project where the top priority was anonymity and privacy — followed by efficiency and ease of use. The AEC class of […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Cryptocurrency investors woke up to a down market on Monday, which just happens to also be tax day in the U.S. Over the weekend there was also news of a $182 million hack of the Beanstalk protocol, a […]
Nexo CEO and cofounder Antoni Trenchev thinks the price of Bitcoin could reach $100,000 in the next 12 months. Trenchev told CNBC that the granddaddy of crypto could soar to $100,000 and beyond. The idea is that economic easing would mean more money sloshing around, making investors more comfortable with riskier assets like crypto. As […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. According to a report by BDS Analytics, the global cannabis market was estimated at $30.6 billion in 2021 and is expected to grow to $62.1 billion by 2026. Verano Holdings all are worth buying in April. It will […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Aurora Cannabis, in particular, has been unprofitable for quite a while now with declining revenue and ineffective cost management strategies. Let’s take a look at this in more detail and determine whether this acquisition will be good for […]
Last year, El Salvador made BTC legal tender, and today Mexico is considering doing the same. If you want returns similar to Bitcoin in its early days, you’ll have to look into alt-coins. In this article I will explore the arguments for investing in XRP and Bitcoin side by side, so you can decide which […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Although cryptocurrencies are considered by many to be defensive investments against equity market downturns, in fact, the prices of digital coins frequently correlate tightly with the market’s swings. This thinking was clearly in play Wednesday, as the prices […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Because of the argument that Bitcoin is a form of digital gold, many believe that Bitcoin’s total value should approximate that of all the gold in the world, which is around $12 trillion today. Why shouldn’t we be […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. In one of the most bullish estimates around, the firm called for Bitcoin to reach $500,000 by 2026 just last September. For Bitcoin to reach a $1,000,000 price tag it would need to go up nearly 2,000% in […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Over the last 24 hours, the world’s largest cryptocurrency, Bitcoin traded nearly 10% down. We now know the Fed is planning to raise its benchmark overnight lending rate, the federal funds rate, numerous times this year and also […]
“Since the pandemic, we’ve seen demand for our services increase as Americans become aware of crypto as a store of value and effective payment rail,” said Neil Bergquist, CEO and cofounder of Coinme in the company’s statement. According to the company, this expansion of its ATM network means 90% of Americans now live within five […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. But is it possible that these exponential gains could still just be the beginning for Bitcoin? While the largest cryptocurrency is down 2% year to date after a 302% gain in 2020 and a 57% gain on top […]
Cryptocurrency prices trended upward for much of March, erasing a lot of the year’s losses. However, the lead crypto hasn’t been able to sustain those gains and at time of writing was down 7% on the week, according to CoinGecko. In the U.S, lawmakers are discussing tougher stablecoin rules and the Securities and Exchange Commission […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. The cryptocurrency market has been somewhat precarious in recent weeks, with bouts of volatility resulting in surprise rallies and dips. Yesterday’s release of the minutes from the Federal Open Market Committee meeting in March signaled that aggressive rate […]