Christian Bale portrayed legendary investor Michael Burry in the 2015 movie The Big Short. The man has had hordes of fans ever since. Burry, who headed hedge fund Scion during the 2007-2008 financial crisis, famously bet against the US housing market and was subsequently sued by his own investors. When he paid out 10 times […]
Both Bitcoin and Ether is pushing through with more than 8% climbs in the past 24 hours as the two biggest cryptocoins are looking for their all-time-highs again.Over on Wall Street a different picture as the reopening of western economies made sure that investors moved money back into companies which would profit from this, and […]
Technical analyst Peter Brandt has turned his eye to both Bitcoin and Dogecoin as of late. As to the most famous cryptocurrency, Brandt admitted that he had a large holding in it given that he sees a very large upside possibility.As to Dogecoin, Brandt, claimed a few weeks ago that he noticed a cup and […]
Crypto analysts had mixed feelings about the US stimulus package that President Joe Biden’s team was able to get approved in both the house and the senate over the weekend.Although most agree that the $1,400 stimulus payments being sent to Americans directly were certainly helpful, others fear the whole package would raise inequality.All around market […]
As from the second week of February, when Elon Musk proudly announced the purchase of $1.5 billion in Bitcoin through his company Tesla, crypto enthusiasts have been betting on who would be next Wall Street giant to make a major announcement.Last week the bet was on Netflix, as CEO Reed Hastings is known for thinking […]
This weekend saw a lot of sideways action for the major cryptocoins while Bitcoin was able to reclaim it’s $50k level, though still trading within it’s narrow (and therefore boring) $46-$52k range.Ethereum is slowly gathering pace towards the $2k level again and is now trading at $1,700, up 2% in the last 24 hours, benefitting […]
Earlier this week, Goldman Sachs released the results of a survey among their clients about Bitcoin. It showed that 22% of their clientele expect Bitcoin to reach $100k before the end of the year, while another 50% expect it to remain between $40k and $100k.In all, 75% of the customers of one of the largest […]
In the excellent finance movie Margin Call (which gives an overview of the 2007-2008 financial crisis start), there is a scene in which the analyst who discovers the Lehman Brothers losses needs to explain his background.The young man, played by Zachary Quinto, declares that he is a rocket scientist who has switched to investing as:It’s […]
At the end of September 2020, this site coined the term Boring Bitcoin as the most prominent of all cryptocurrencies remained stuck in a tight trading range and stayed there for some 20 days. If historical charts of the Bitcoin price are anything to go with, then whenever the world’s most famous cryptocurrency stays in a tight […]
Looks like Ripple is going to take a page out of Tether’s playbook in its lawsuit against the SEC. Allow us to recall: Tether simply bullied the New York state attorney into backing off by burying the latter in 2 million documents. The New York state attorney then settled with Tether and slapped them with […]
