There is a belief among some in the cryptosphere that a global recession or cataclysmic events are bound to imbue the populace with a sudden desire for cryptocurrencies. Continue reading Op-ed: Would a Global Recession be Good for Bitcoin?
An early Bitcoin mining investor writes a shock Guardian op-ed trashing his own investment as something that’s killing the planet. I don’t think I’ve ever read anything like it in my life. It’s a sign of the times and maybe the exact kind of mentality that JP Morgan Chase and Co.’s billionaire CEO Jamie Dimon was talking about in his recent address to the NY Economic Club. Continue reading The Guardian Publishes Libelous Op-Ed, Falsely Claims Bitcoin’s Killing the Planet
Even the most ardent crypto evangelist must admit that bitcoin appears to have been the worst investment of 2018, at least in pure dollar terms. The cryptocurrency has lost almost 80 percent of its market capitalization since it established an all-time high at around $327.15 billion. The adoption rate and volume have dropped likewise. Organizations that were planning to launch their bitcoin-based services have delayed their projects or scrapped them entirely. As any seasoned trader would say, the bitcoin bubble is bursting — or has burst already. Continue reading Op-Ed: Why the Bitcoin Bubble Burst is Good for Crypto