Bitcoin Price Falls as Fed Chair Powell Expresses Caution on Rate Cuts
Cryptoglobe » Bitcoin
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4d ago
On Tuesday, Federal Reserve Chair Jerome Powell indicated that interest rate cuts might be postponed longer than initially expected due to ongoing high inflation readings. Speaking at a panel alongside Bank of Canada Governor Tiff Macklem at the Wilson Center in Washington, Powell highlighted the unexpected continuation of high inflation rates and suggested that the ..read more
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Mainland Chinese Investors Likely Barred from Hong Kong’s Spot Bitcoin and Ether ETFs, Say Bloomberg Analysts
Cryptoglobe » Bitcoin
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4d ago
Bloomberg ETF Analyst Rebecca Sin has shed light on the potential challenges and prospects facing the newly approved spot Bitcoin and Ether ETFs in Hong Kong. According to Sin, mainland Chinese investors are likely to face significant barriers when it comes to accessing these funds due to existing restrictions on investing in virtual assets. Despite ..read more
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Bitcoin’s Supply on Exchanges Could Run Out in Nine Months, With $BTC Set to Become Twice as Rare as Gold
Cryptoglobe » Bitcoin
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4d ago
The flagship cryptocurrency Bitcoin ($BTC) could soon see a significant surge after the available supply on centralized cryptocurrency exchanges potentially runs out, while it’s set to become twice as rare as gold after its upcoming halving event. According to a report published by popular cryptocurrency exchange Bybit, the upcoming halving event will potentially lead to ..read more
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Bitcoin Price Dynamics Before and After Halving Events: Bitwise Analysis
Cryptoglobe » Bitcoin
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4d ago
In their detailed research paper titled “The Bitcoin Halving: A Programmatic Monetary Policy,” Juan Leon and Matt Hougan of Bitwise Asset Management explore the nuanced impacts of Bitcoin’s halving events on the cryptocurrency’s price dynamics and mining ecosystem. This scholarly work delves into the programmed reductions in Bitcoin’s block rewards, a feature embedded within its ..read more
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Exploring Bitcoin’s Enticing Risk-Reward Ratio with Morgan Creek Digital Co-Founder
Cryptoglobe » Bitcoin
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4d ago
On April 17, 2024, a leading crypto expert appeared on CNBC’s “Squawk Box” to discuss several key topics concerning the cryptocurrency market, including the Bitcoin halving, recent market volatility, and the future outlook for Bitcoin. Anthony Pompliano, also known as “Pomp,” is a prominent figure in the cryptocurrency and blockchain industry. He is an entrepreneur ..read more
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SkyBridge Capital Founder Highlights Bitcoin’s Profitability Over Four-Year Periods
Cryptoglobe » Bitcoin
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4d ago
Anthony Scaramucci, founder and managing partner of SkyBridge Capital, appeared on CNBC’s “Squawk Box” on April 18 to discuss various topics concerning Bitcoin, particularly focusing on its volatility, status as a safe haven, adoption rates, and the potential impact of US-listed spot Bitcoin ETFs. Scaramucci acknowledged the difficulties in predicting Bitcoin’s short-term price movements, especially ..read more
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IMF: ‘Price of Bitcoin and the Number of Active Users Has Increased Markedly Over the Past Decade’
Cryptoglobe » Bitcoin
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4d ago
The International Monetary Fund (IMF) is an international organization established in 1944 to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The IMF is headquartered in Washington, D.C., and consists of 190 member countries, each of which has committed to ..read more
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Bitcoin Halving 2024: ‘I Think This Is a Buy-the-News Event if You Pan Out Long Term’, Says Bitwise CIO
Cryptoglobe » Bitcoin
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4d ago
In an appearance on CNBC’s “Squawk Box” earlier today, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, discussed the much-anticipated Bitcoin halving (expected later today or tomorrow) and its potential impact on the cryptocurrency’s value. According to Hougan, the event could signal a significant rally for Bitcoin over the next year. He believes that ..read more
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Anticipated Surge in Spot Bitcoin ETF Adoption Among Wealth Management Firms by Year End: Bitwise CEO
Cryptoglobe » Bitcoin
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4d ago
In a recent statement on social media platform X, Hunter Horsley, CEO of Bitwise Asset Management, shared his expectations for the future involvement of wealth management firms with the US-listed spot Bitcoin ETFs. By the end of 2024, Horsley predicts a significant shift in the investment landscape, one that could catch many by surprise regarding ..read more
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From Bitcoin Halving to SBF’s Sentencing: Anthony Scaramucci’s Comprehensive Crypto Analysis
Cryptoglobe » Bitcoin
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2w ago
Anthony Scaramucci, the Founder and Managing Partner of SkyBridge Capital, provided a comprehensive overview of Bitcoin’s growth potential, Sam Bankman-Fried’s sentencing, and the future of the cryptocurrency space during his appearance on CNBC’s “Closing Bell” on April 5, 2024. Anthony Scaramucci is an American financier, entrepreneur, and political figure known for his brief tenure as ..read more
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