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Priests with private jets, luxury lifestyles who are preaching in majestic churches. Religion is a seriously profitable business in the United States. A few years ago there was the story of New Orleans priest Jesse Duplantis who asked his flock for an additional $54 million to upgrade his fleet of private jets (he already had […]
In a week’s time, Bitcoin has dropped by some 10%. Calculated since the temporary top of $49,000, one could even argue that yesterday evening (Central European Time) we touched a 20% low since that weekly high, as Bitcoin momentarily touched $40k then. At the time of writing, Bitcoin is trading at $41,6k. The euphoria over […]
It was quite striking to read two financial stories from China this week juxtaposed against each other. Firstly, there was the report that the Chinese stock markets are at their lowest level in about five years (the European and American stock markets also didn’t have a stellar start to 2024) and secondly, the Wall Street […]
For the first time this year we’re witnessing a Bitcoin ‘golden cross’ in the charts. Last time this occured was on 1 November and it was followed by a 30% increase of the Bitcoin porice; However, we’re not so sure this time round because of other factors. So, how should this golden cross be interpreted, good […]
The yearly January gathering to celebrate global capitalism has begun anew. In Davos, Switzerland, we find politicians, business people, celebrities and investors meeting for a lot (really a lot) of networking. Topics this year are those that we (the crypto media) has been talking about for years (or at least the since the beginning of […]
Crypto fans were thrilled to welcome a new generation of investors as a Bitcoin ETF (Exchange Traded Fund) was officially launched last week. But what they didn’t know is that the rock and roll of Bitcoin & Crypto (just think of the unofficial Bitcoin song ‘pump it up‘ for example) would be replaced by the most boring […]
It is that time again. Altseason has officially started for digital coins. This means that more money flows to altcoins (or alternative coins, so everything outside of Bitcoin) than flows to the largest digital coin. We have been counting down for a few months now and since January 2 we were already very close. Now we […]
The richest man in the world speaks less often about crypto than he used to, but when a friend asked this week if he still owned digital coins, Musk confirmed that he still has both Dogecoin and Bitcoin in his possession. Elon Musk has not sold any #Dogecoin. 🐶 Just your friendly reminder that WAGMI! […]
Bitcoin did very well the first day after an ETF was approved for trading on the US stock exchanges. It was calculated that on day one some $5 billion was traded in ETFs of the various Wall Street companies. Yesterday the predicted ‘sell the news’ move downwards started with a pullback of some 6% in the past day […]
It was quite striking to see that the largest digital currency didn’t really seem to react to the approval of a Bitcoin ETF at the time the SEC announced the news. Even though Bitcoin is now trading at its highest point in almost two years (Bitcoin briefly touched $49k yesterday), it was striking that Ethereum […]
