News list for " stressed"
10X Research said in a post on the X platform that it has been emphasizing that MicroStrategy is overvalued in recent weeks. Investors have a significant premium for indirect bitcoin exposure, rather than as a true leveraged investment in bitcoin. The stock's underperformance, despite the large number of bitcoin acquisitions, suggests that investors are no longer willing to buy bitcoin at an implied price of $200,000 (or more) through MicroStrategy, and can directly buy it.
Anthony Scaramucci, founder of SkyBridge Capital, stressed in an interview that bitcoin needs to be held for four years, despite the recent decline from about $103,900. He pointed out that the largest pullback in bitcoin history was 82%, but the average positive return in four years. He also said that bitcoin is moving towards mainstream institutional investment, predicting that if its market value approaches gold levels, the price could rise tenfold. Scaramucci and MicroStrategy founder Michael...
Federal Reserve Chairperson Jerome Powell once again stressed that the economy is performing well and inflation continues to progress, so there is room for continued caution in cutting interest rates.
According to CryptoSlate, the mayor of Rockdale, Texas, USA, Ward Roddam, has emphasized the critical role of Bitcoin in revitalizing the city's economy. In an op-ed on October 7, Roddam explained that the world is approaching a new economic era, which he called the "digital energy boom", powered largely by Bitcoin. He noted that rural communities, including Rockdale, have already benefited from it.
Powell issued the strongest signal for a rate cut in September, but stressed that the timing and pace would depend on the latest data, the changing outlook, and the balance of risks. Click to view the full text of his speech > >
Powell issued the strongest signal for a rate cut in September, but stressed that the timing and pace would depend on the latest data, the changing outlook, and the balance of risks. Click to view the full text of his speech > >
IG Markets analyst Tony Sycamore emphasized in an interview that this week's sharp decline is a reminder that cryptocurrencies are largely on the "cusp" of risky assets. Sycamore believes: "This is a position wash, driven by some recession and hard landing fears, as well as some war fears, as Israel and Hezbollah clashed over the weekend and the United States is also strengthening its military presence in the region.
Richard Teng, chief executive of Binance, emphasised that spot Ethereum ETFs could provide stable and sizeable capital inflows over time. "While we expect capital investment in these ETFs to be stable, it may not be too dramatic at first and will fluctuate according to various macroeconomic factors," Mr. Teng said. However, Mr. Teng believes liquidity in these ETFs is likely to grow exponentially.
Binance CEO Richard Teng highlighted the strong interest in bitcoin and other cryptocurrencies, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) have attracted net inflows of more than $14.70 billion over the past six months. Teng highlighted the sector's strong long-term fundamentals and urged the community to stay focused and keep building despite market volatility.
Prominent cryptocurrency figure Armando Pantoja highlighted Ripple's continued expansion and noted that Thailand could adopt XRP. According to Pantoja, the BRICS countries all seem to be interested in XRP. Pantoja shared a copy of Ripple's letter to the Thai authorities, noting that the Asian country is the latest to enter talks with Ripple about adopting XRP. The cryptocurrency investor also highlighted Thailand's recent application to join the BRICS and linked its potential links with XRP to t...
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