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AibiemkaWill Bitcoin be priced at $100,000
In the first weeks of March, bitcoin broke all previously set price records. On Wednesday, March 13, the value of the coin exceeded $73,000, and its market capitalization approached $1.5 trillion. In ten years, bitcoin's value has grown by 107365.9%, which has never happened before in the market with any of the assets, including gold, platinum and oil. Naturally, the rapid growth of the VTS price is causing a lot of heated debates on whether the coin can set an all-time record by reachin...
AibiemkaAre cryptocurrencies a financial bubble?
Cryptocurrencies have experienced a rapid rise in popularity in recent years. Their decentralized nature, anonymity and potential for high returns are attracting more and more investments. However, along with this, there is growing concern among some experts about the overvaluation of digital assets and the sustainability of the cryptocurrency market.What is a market bubble?A market bubble is a situation in the market when the price of an asset significantly exceeds its real value, which soon...
AibiemkaTether blocked more than $1 billion in USDT crypto wallets
Hash Telegraph's sources report that Tether is actively blacklisting wallets and blocking users from accessing USDT stablecoins. Following the events of November 2017, when an unknown hacker stole more than $30 million in USDT stablecoins from a Tether Treasury wallet, the issuer of these stablecoins, Tether announced the release of a new version of its Omni Core software client capable of blocking assets and transactions from blacklisted cryptocurrency wallets. In December 2023, Tether ...
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AibiemkaWill Bitcoin be priced at $100,000
In the first weeks of March, bitcoin broke all previously set price records. On Wednesday, March 13, the value of the coin exceeded $73,000, and its market capitalization approached $1.5 trillion. In ten years, bitcoin's value has grown by 107365.9%, which has never happened before in the market with any of the assets, including gold, platinum and oil. Naturally, the rapid growth of the VTS price is causing a lot of heated debates on whether the coin can set an all-time record by reachin...
AibiemkaAre cryptocurrencies a financial bubble?
Cryptocurrencies have experienced a rapid rise in popularity in recent years. Their decentralized nature, anonymity and potential for high returns are attracting more and more investments. However, along with this, there is growing concern among some experts about the overvaluation of digital assets and the sustainability of the cryptocurrency market.What is a market bubble?A market bubble is a situation in the market when the price of an asset significantly exceeds its real value, which soon...
AibiemkaTether blocked more than $1 billion in USDT crypto wallets
Hash Telegraph's sources report that Tether is actively blacklisting wallets and blocking users from accessing USDT stablecoins. Following the events of November 2017, when an unknown hacker stole more than $30 million in USDT stablecoins from a Tether Treasury wallet, the issuer of these stablecoins, Tether announced the release of a new version of its Omni Core software client capable of blocking assets and transactions from blacklisted cryptocurrency wallets. In December 2023, Tether ...
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Peter Schiff, a well-known financial expert and gold investment advocate, has declared bitcoin a "dead cryptocurrency" despite it trading above $66,000.
Peter Schiff is known for his bearish views on the cryptocurrency market. In his opinion, bitcoin has not long left to be "on top", but this time the investor compared the first cryptocurrency not with gold, but with silver. Peter Schiff noted that since April, the growth of bitcoin rate is 2%, and this is too "pale" compared to the growth of silver by 21%. The expert stated: such a low result of bitcoin is a sign of the imminent death of the cryptocurrency.
Silver now has a market capitalization of $1.83 trillion, which is $500 billion more than bitcoin's market capitalization ($1.31 trillion). This means bitcoin would have to grow 40% to reach $93,000 and catch up with silver.
In the comments, bitcoin supporters objected to Peter Schiff suggesting that he may be selectively using short-term data to support his arguments against bitcoin. Over the year, BTC has grown by almost 60%, while silver has had a more modest performance: since the beginning of the year, the precious metal has grown by 14.46%.
Peter Schiff is concerned that bitcoin is often positioned as the digital equivalent of gold. As the economist explained, with his negative comments, he seeks to correct what he considers a misconception and prevent potential investors from making the serious mistake of investing in bitcoin.
P.S. Peter Schiff predicted the 2008 financial crisis 🤔
Peter Schiff, a well-known financial expert and gold investment advocate, has declared bitcoin a "dead cryptocurrency" despite it trading above $66,000.
Peter Schiff is known for his bearish views on the cryptocurrency market. In his opinion, bitcoin has not long left to be "on top", but this time the investor compared the first cryptocurrency not with gold, but with silver. Peter Schiff noted that since April, the growth of bitcoin rate is 2%, and this is too "pale" compared to the growth of silver by 21%. The expert stated: such a low result of bitcoin is a sign of the imminent death of the cryptocurrency.
Silver now has a market capitalization of $1.83 trillion, which is $500 billion more than bitcoin's market capitalization ($1.31 trillion). This means bitcoin would have to grow 40% to reach $93,000 and catch up with silver.
In the comments, bitcoin supporters objected to Peter Schiff suggesting that he may be selectively using short-term data to support his arguments against bitcoin. Over the year, BTC has grown by almost 60%, while silver has had a more modest performance: since the beginning of the year, the precious metal has grown by 14.46%.
Peter Schiff is concerned that bitcoin is often positioned as the digital equivalent of gold. As the economist explained, with his negative comments, he seeks to correct what he considers a misconception and prevent potential investors from making the serious mistake of investing in bitcoin.
P.S. Peter Schiff predicted the 2008 financial crisis 🤔
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