Bitcoin safe-haven dollar crisis
Keep this in mind when turmoil intensifies and the narrative of Bitcoin as a currency begins to form.
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Keep this in mind when turmoil intensifies and the narrative of Bitcoin as a currency begins to form.
Bitcoin is an ultra-secure asset. As an ultra-safe asset, Bitcoin’s supply curve is closer to the inelastic level (S0) than every other known commodity and monetary good!
Bitcoin's price has been soaring since its launch in 2008. Early investors are now reaping returns in the millions of dollars. Nevertheless, its volatility and regulatory uncertainty remain significant risks for investors.
Since the Bitcoin spot ETF was launched on January 11, it has attracted more than US$9 billion in funds.
Matrix on Target writes that “Bitcoin is set for an explosive surge to $50,000 in January.” After a typical mid- to late-December consolidation, Bitcoin is poised for a strong wave of early-year buying power that could see it break through resistance levels.
MATIC, the native cryptocurrency of Polygon, has recently gained traction, showing a 50% increase in price surge in the last 20 days, amid the optimistic trend circling the cryptocurrency market due to the recently finished Uptober rally.
One filing also alleged that Bahamian regulators asked Sam Bankman-Fried to gain unauthorized access to funds.
The Crema Finance team awarded the hacker who made off with nearly $10 million in funds from the protocol 16.7% of the stolen funds as a white hat bounty.
The U.S. dollar currency index breaks through resistance to hit its highest level since 2002 — to the detriment of practically everything.