JPMorgan and Bloomberg forecasts Bitcoin will fall to $13,000
According to JPMorgan experts, the FTX catastrophe may have caused the price of Bitcoin to plunge as low as $13,000. The American financial behemoth JPMorgan predicts that Bitcoin, which currently costs about $15,000, might go below its production cost. According to JPMorgan, the downfall of one of the biggest cryptocurrency exchanges would result in “a […]
SBF falls off Bloomberg’s billionaire index
Following the recent trouble facing FTX crypto exchange, the founder Sam Bankman-Fried (SBF) no longer ranks in the top 500 on Bloomberg’s billionaire index. After a 94% estimated overnight decline in his personal wealth, crypto billionaire Sam Bankman-Fried (SBF) may no longer be allowed to call himself a “billionaire,” according to the Bloomberg Billionaires Index. […]
Over $7.2B in Crypto Exchange Transacted Since June
According to the study, most of the Crypto Exchange transfers were made in U.S. dollars, and the majority of the money went to Hong Kong. According to South Korea’s banking authority, there have been $7.2 billion in “abnormal” foreign Crypto Exchange transfers since June, the majority of which were made through cryptocurrency exchanges, according to […]
Bitcoin Set to outperform NASDAQ 100- Bloomberg
Bitcoin is on the verge of becoming a global collateral Bloomberg analyst Mike McGlone maintained. He has reiterated that Bitcoin’s persistent rise is due to its sustained buoyancy in the face of all the market-moving events. Bitcoin’s divergent strength in play vs Nasdaq 100 McGlone and Jamie Douglas Coutts, Bloomberg’s senior market structure analyst looked […]
Bloomberg strategist: Money managers who lack exposure to cryptocurrency risk being left behind
Financial institutions are increasingly accepting cryptocurrency and decentralized finance, according to senior commodity strategist Mike McGlone of Bloomberg. Bloomberg ‘s Crypto Outlook for November highlighted 2021 as “simply another foundation year for the cryptocurrency sector,” emphasizing the long-term value proposition of digital assets. Money managers “risk falling behind and failing peers who buy crypto assets” […]