The concept of recession-driven value does not seem to matter much to a lot of bitcoin investors. While many individuals have some understanding of recession-proof jobs and the like, there appears to be little knowledge of recession-proof investments among the general populace of economies and the bitcoin (or cryptocurrency) community of investors within those economies. Read More
Bullish isn’t even the word. Jack Dorsey, CEO of Twitter and FinTech firm Square continues to push the movement for bitcoin. Square reached $30 billion in market cap in 2018, a huge leap from the prior year in which its market capitalization was $9 billion, less than that of Cboe and Nasdaq’s at $10 billion and $11.8 billion.
At a recent conference, it was revealed that stablecoin could be classed as securities. US Securities and Exchanges Commission (SEC) senior advisor for digital assets, Valerie Szczepanik believes stablecoin should be classified as:
Those backed by real assets such as gold or real estate
In less than five years, billionaire venture capital investor, Tim Draper made $89.1 million from Bitcoin. Despite the bear market, his 2014 investment of $18.96 million in Bitcoin is now worth $108 million. The bearish forces of the markets in 2018 have not waned his spirit. He appears as confident as ever, even suggesting that Bitcoin could be a better store of value than gold. Read More
Some assert that cryptocurrency billionaires no longer exist. You may observe headlines like “The Rise and Fall of Crypto Millionaires.” You’d be amazed at the number of people who have become billionaires from cryptocurrencies, including Bitcoin, XRP, Ethereum, and more. Read More