Tag Archives: BTC

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

Ripple CEO No BTC Bear but Insists XRP Beats Bitcoin for Payments

In a recent interview on Anthony Pompliano’s Off The Chain podcast, Brad Garlinghouse, the CEO of Ripple, provided unprepared answers to questions sourced from crypto Twitter regarding the operations of Ripple and XRP, Ripple’s XRP sales, and the cryptocurrency ecosystem broadly. Continue reading Ripple CEO No BTC Bear but Insists XRP Beats Bitcoin for Payments

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