Prominent gold advocate and Bitcoin skeptic Peter Schiff has criticized billionaire investors Mark Cuban and Kevin O’Leary for turning positive on Bitcoin.
What Happened: “Bubbles typically peak when rational investors capitulate,” said Schiff on Twitter, calling them the newest skeptics to “join the cult.”
Congratulations to those who bought Bitcoin early, pumped up the price, and who ve been dumping into the hype. You succeeded in getting Wall Street to buy into the mania. When I first learned about #Bitcoin I didn t think smart investors would be dumb enough to buy. I was wrong.
Schiff’s criticism comes after Kevin O’Leary announced he would be allocating 3% of his portfolio to the digital asset while also looking at investing in the most energy-efficient Bitcoin mining companies.
Search for:
If you’re running an ad-blocker it’s costing me money. Our website relies on internet advertisements to pay the bills. If you don’t mind turning off your ad-blocker and giving it a try without, I’d appreciate it.
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, see here: Cookie Policy
Feb 19, 2021 06:42 GMTCrypto News
Bitcoin ETF starts trading in North America, attracting over $165 million in volume.
Elon Musk says that he never directly influenced Tesla’s decision to buy $1.5 billion worth of BTC.
Bitcoin holds above $51,000 as analysts remain strongly bullish for higher highs.
BTC may abandon the uptrend if support at $50,000, and the 50 SMA is lost.
The first North America Bitcoin exchange-traded fund (ETF) went live on Thursday, attracting more than $165 million in traded shares. The debut comes after a massive surge in the value of BTC since last year. Meanwhile, the founder of the world’s largest electric vehicle manufacturer, Elon Musk, believes that Bitcoin offers the best liquidity alternative to fiat.
Hopefully this is a sign of improvement in supply and potentially the end of the horrors in Texas (and more broadly).
NatGas prices tumbled today.
Oil prices also fell, despite a big inventory draw as fears over the shut-ins lasting a long time appeared to abate.
And gasoline prices also slid lower.
Deutsche Bank employees just can t catch a break.
For years, workers at Germany s largest (and according to many, most insolvent) bank were told they won t get a bonus and they should be happy that they have a job. Then, last year, things finally looked up when the bank whose stock price trades not too far from its all time lows, finally resumed the practice of paid out a modest bonus pool of ‚¬1.52 billion for 2019, which is a small fraction compared to what other bank workers get. Excitement then started to pick up in December, when reports circulated that Deutsche Bank was considering raising bonuses for traders by 10%, and peaked in outright euphoria a few weeks ago when Bloo
FTSE 100 little moved as US indices open higher after three-day slide proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.