The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.
A death cross signals a possible enduring shift towards a bearish momentum, while a golden cross implies the contrary.
" Bitcoin (BTC) is a decentralized digital currency. Bitcoins came into existance in early 2009. In the beginning Bitcoins were traded at less than $0.10, today they are trading at over $13 and we expect them to go higher!
In short, THE PRICE OF BITCOIN HAS TO GO UP OR THOSE WITH BITCOIN MINERS WILL HAVE TO TURN OFF THEIR EQUIPMENT & SELL IT FOR DIMES ON THE DOLLAR!!!! I think Jeremy Grantham is calling the effect of financial tightening correctly, and that means the 10yr will exceed 4% at some point.
So still looking for bitcoin to get to at least 14k and possibly see crypto get completely washed out, or 50% lower to something like $7k, along with the usual collapse in precious metals which happens in that sort of situation.
Weiss Research, an investment research firm that rates cryptocurrencies, has given Bitcoin an overall rating of "B+", a technology and adoption rating of "A-", and a market performance rating of "D". What technology is included in Bitcoin? Balances - block chain The block chain is a shared public ledger on which the entire Bitcoin network relies.
Florian Grummes, Managing Partner at Midas Touch Consulting, joins the show to discuss his outlook for gold, Bitcoin, and silver.
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