Bitcoin
Trump-Themed PoliFi Tokens Buck Bitcoin Downtrend as China Stimulus Hopes Return
Published
5 hours agoon
By
adminElsewhere in China, the PBoC has begun to roll out a $70.6 billion fund called the Securities, Funds, and Insurance Companies Swap Facility, Caixin reported, which will allow financial institutions to pledge bonds, ETFs, and specific stock holdings to the PBoC in exchange for liquid assets like government bonds, which they can use to secure additional financing for stock purchases as a form of market stabilization.
Source link
You may like
US PPI Inflation Data Further Sparks Concern Over Bitcoin Dip Ahead
Binance Exec Tigran Gambaryan Denied Bail Despite ‘Meeting All the Requirements,’ Says Family
Metaplanet’s Bitcoin reserves nearing 750 BTC after bulk buy
Tron’s Justin Sun Shares Vision For Liberland As Prime Minister
CZ’s first public appearance since release set for Dubai
BlackRock & Metaplanet Buy Bitcoin Dips As Crypto Market Turns Sour
Bitcoin
Trump Is Winning And We’re Closer Than Ever to Freeing Ross: NIKOLAUS
Published
17 hours agoon
October 10, 2024By
adminWhat We’re Watching: Polymarket
According to the world’s largest prediction market, Polymarket, the pro-Bitcoin candidate for the upcoming presidential election, Donald Trump has taken a 13% lead over Kamala Harris.
There are huge stakes on the line here this election regarding Bitcoin. Trump is promising very favorable regulations, in comparison to Harris, who has put forth no regulations and has an almost four year track record of attacking the industry.
But I think Di makes a great point here. When it comes to Bitcoin, this election means something much more just favorable regulation. This is the best chance we have to free Ross Ulbricht, an early Bitcoin pioneer and founder of the Silk Road bitcoin marketplace.
Taking into account all public information regarding Harris, there is absolutely no evidence to suggest that she would support the Bitcoin industry, let alone free Ross.
Bitcoiners have been desperate to get Ross out of jail for as long as I can remember. Every conference I’ve attended for the last four years, this has always been a focal point. I’ll never forget sitting outside of the hotel of the BitBlockBoom conference in 2021 talking with Francis Pouliot, hearing him passionately speak about how badly he wanted to liberate Ross from prison. For many, getting Ross free could mean everything.
“I got out of the cell yesterday long enough to take a shower, call home and say “hi” to a few friends in here,” said Ross through his X account run by his fiancée today. “It felt really good to be out from between those 8x10ft walls and locked door and make contact with the free world.”
Ross has wrongly and harshly served over 12 years in prison. He is now forty years old, and will have plenty of time to live a great life with his fiancée, family, and friends, and pursue whatever ventures he may be interested in. It’s time to get him home. But to make this a reality, we still have to fight to win this election like we’re 13% down.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Source link
Bitcoin
Macro Guru Hugh Hendry Betting on Bitcoin (BTC) and Lower Interest Rates for 2025 – Here’s Why
Published
1 day agoon
October 10, 2024By
adminHedge fund manager Hugh Hendry is betting on Bitcoin (BTC) and low interest rates next year.
Hendry says there “always two ever-present tail risks” in a short volatility investment strategy, which aims to profit off decreases in market volatility by selling options.
“Do you buy the call option that the Mag-7 become capitalized at 100% of GDP or that rates descend rapidly to the lower bound?
That’s why I keep hammering on about observing where stock levels are on the day of the next cut. I’m running a barbell: long BTC and long calls on <2% Fed Funds at year end 2025
I am of course exposed to a tracking error, that stocks surge and bitcoin is flat or down on some idiosyncratic news. I’m content to run that risk.”
Mag-7 refers to the “Magnificent Seven” tech stocks: Alphabet (GOOGL; GOOG), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), and Tesla (TSLA).
Hendry also compares Bitcoin’s size to the Invesco QQQ, an exchange-traded fund (ETF) based on the Nasdaq-100 Index.
“BTC is everyone’s phantom, good or bad. In reality, its MASS renders it irrelevant to this conversation but highly attractive for upside consideration. In the game of Newton’s Cradle, MASS is paramount today, it’s the outlier.
BTC’s capitalization is just $1 trillion. QQQ is $42 trillion. The Qs, or rather the $13 trillion in the Mag-7, are therefore the only consideration. Bank stock lending renders the robustness of that valuation paramount. If that melts, the credit unravels, the margin call is immense.
Perhaps doesn’t happen, but if I were a bank I’d be circumspect about the moneyness of that collateral. I’d be trying to contra-cyclically reduce my assets, markets and their liquidity permitting. By moneyness I mean the pledged assets’ proximity to a t-bill. Your t-bill ain’t gonna lose 83% of its value over the next 18 months.
Bur stocks capitalized at these vaunted levels vis-a-vis GDP have periodically suffered such reversals.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
Bitcoin
Bitcoin (BTC) Price Dips Below $61K, Ether (ETH) Slips 3% as PlusToken Coins Moved to Exchanges
Published
2 days agoon
October 9, 2024By
adminEarlier today, U.S. federal prosecutors charged crypto trading firms Gotbit, ZM Quant, CLS Global and MyTrade and their employees with market manipulation and fraud. Notably, a CoinDesk report in 2019 detailed how Alexey Andryunin, the co-founder of Gotbit and one of the individuals charged by prosecutors, built a business out of faking exchange volumes for tiny crypto tokens using trading bots to get listed on price aggregators like CoinMarketCap.
Source link
US PPI Inflation Data Further Sparks Concern Over Bitcoin Dip Ahead
Binance Exec Tigran Gambaryan Denied Bail Despite ‘Meeting All the Requirements,’ Says Family
Metaplanet’s Bitcoin reserves nearing 750 BTC after bulk buy
Tron’s Justin Sun Shares Vision For Liberland As Prime Minister
CZ’s first public appearance since release set for Dubai
Trump-Themed PoliFi Tokens Buck Bitcoin Downtrend as China Stimulus Hopes Return
BlackRock & Metaplanet Buy Bitcoin Dips As Crypto Market Turns Sour
The new DeFi-meme hybrid attracting DOGE & AAVE whales
Bitnomial Sues SEC Over XRP Futures, Cites CFTC As Primary Regulator
Ethereum Price Targets a Comeback: Will the Bounce Last?
Addressing wallet bhallenges and targeting 8,300% gains
Fidelity Steps Into Blockchain With New Money Market Fund
10th-Largest US Bank Paying $3,100,000,000 Fine in Historic Admission of Guilt After Criminals ‘Dump Piles of Cash’ on Banks’ Counters
ETH whale says watch out for this Solana competitor with 6,000% potential
US IRS Faces New Lawsuit Over Crypto Staking Tax Policy
182267361726451435
Top Crypto News Headlines of The Week
New U.S. president must bring clarity to crypto regulation, analyst says
Bitcoin Open-Source Development Takes The Stage In Nashville
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum, Solana touch key levels as Bitcoin spikes
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Why Did Trump Change His Mind on Bitcoin?
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
Citigroup Executive Steps Down To Explore Crypto
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Mostbet Güvenilir Mi – Casino Bonus 2024
Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
Crypto Market Movers: 5 Altcoins Making Waves This Bull Run
Trending
- 4 weeks ago
182267361726451435
- 24/7 Cryptocurrency News2 months ago
Top Crypto News Headlines of The Week
- News1 month ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Opinion3 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Bitcoin2 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
- Bitcoin3 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Altcoins2 months ago
Ethereum Crash A Buying Opportunity? This Whale Thinks So
- Donald Trump3 months ago
Why Did Trump Change His Mind on Bitcoin?