According to Egyptian businessman M. Shafik Gabr, chairman of the ARTOC Group for Investment & Development, some Middle Eastern nations are already exploring the possibility of settling oil contracts in bitcoin. But he declined to specify which, and most of the leaders gathered in Davos for the annual conference that wrapped up Friday are adamant they see bitcoin’s post-sovereign nature as anathema. Continue reading Oil-Producing Nations Want Dollar Alternatives, Just Not Bitcoin
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4 Reasons Why Bitcoin Was Just Warming Up in the 2010s
Now why should you take any of these reasons seriously? Before you read this list, you may want to review this article I wrote in Feb 2019. The headline was, “10 Reasons Bitcoin Will Party Like 2017 for a Massive Bull Run in 2019,” and in it I correctly predicted the 2019 bitcoin bull market. Continue reading 4 Reasons Why Bitcoin Was Just Warming Up in the 2010s
Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme
Many bitcoin traders laugh at the idea of HODL (holding on for dear life). They think that it is not a sound trading or investing strategy. If you buy and hold on the way down, it’s very likely that you’ll use the same approach on the way up. The rigidity of this method makes it difficult for many investors to lock in gains. Continue reading Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme