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The “August Crypto Outlook” by Bloomberg revealed that the Bitcoin rally is more trustworthy than that of Ethereum, which is said to be “more speculative”.
On Thursday, August 6, BTC has stopped growing, waiting for new catalysts. It is generally trading at $11,745.
Bitcoin has been stable during the economic crisis. According to crypto economy expert Renato Rodríguez, this digital asset could be a solid solution to face the 2020 crisis.
MicroStrategy is set to inject part of its excess $250 million liquidity into Bitcoin, losing faith in the long-term benefits of the U.S. dollar.
Ongoing developments in the cryptocurrency space have made this industry more appealing to investors. Finding the hidden gems in the space can give users a chance to unlock tremendous profit potential. Interoperability is the next big trend worth keeping an eye on.
According to Pompliano, Bitcoin already represents a digital version of gold. Comparing gold and Bitcoin markets, Pompliano noted that the later will eventually become a bigger one.
Few charts to consider if you are ready to invest.
Bloomberg suggests that Bitcoin price is sixfold that of gold per ounce. It further cited that Bitcoin is undervalued under prevailing conditions.
With crypto adoption likely to be the major fuel in the anticipated rally, Square may largely benefit if it offers cutting-edge services in comparison to its competitors.
A long-expected growth of volatility finally came and a lot of cryptoassets left their respective sideways channels.
This most recent hack on Twitter is a curiously high-profile money flipping scam. It may encourage people to be more aware of online scams going forward.
Tap Global is authorized and regulated by the Gibraltar Financial Services Commission and insured up to €100 million USD by Lloyd’s of London.
Basler Kantonalbank is working on introducing cryptocurrency-related services that are set to be a new thing in the crypto space.
It’s not just Bitcoin that investors have been flocking to. Ethereum is currently worth more than $310, more than double where it started the year.