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If Bitcoin-Avocado Price Correlation Continues, BTC May Be Toast

Bitcoin’s status as an uncorrelated asset is about to be revoked, as a scarily close relationship to the price of avocados implies that the digital currency may be about to fall off a cliff. Bitcoin’s performance of late has left a little to be desired, and strangely so has the price of avocados. This relationship was pointed out in a profoundly insightful tweet by Bloomberg’s financial Journalist, Tracy Alloway. A graph depicting the price of Hass avocados and bitcoin shows an eerily similar pattern. Continue reading If Bitcoin-Avocado Price Correlation Continues, BTC May Be Toast

This Bitcoin Chart Destroys the Argument That BTC Can’t Be Money

Every skeptic says the same thing: the bitcoin price is too volatile to be a real currency. And they’ve got a point. Bitcoin’s huge swings make it risky as an investment and difficult as a day-to-day payment method. But it’s slowly changing. As more money flows into bitcoin, it’s becoming less volatile. And that means it’s becoming better money. Continue reading This Bitcoin Chart Destroys the Argument That BTC Can’t Be Money

Bitcoin’s Most-Hated Regulatory Regime Could Be Bakkt’s Last Hope

Intercontinental Exchange’s high-profile Bitcoin project, Bakkt, has faced severe pushback from the CFTC due to a fundamental concern about how its cryptocurrency assets will be stored. In response, Bakkt is looking to obtain a BitLicense and manage custody of the coins themselves. Continue reading Bitcoin’s Most-Hated Regulatory Regime Could Be Bakkt’s Last Hope