Bitcoin, which already had the worst start of the year in its history, has dropped 16.8 percent just this week. Its record high of almost $68K in November is now below $35K.
Mark Cuban Is Right For Once — Says Bitcoin Isn’t A Good Hedge Against Inflation And “Never Will Be”
In a Twitter exchange on Tuesday, the “Shark Tank” star also shared his views on other cryptocurrencies like dogecoin – he said it’s “better than a lottery ticket.”
Crypto traders have been cashing in their holdings recently. Coinglass has revealed that over $340 million in cryptocurrency was liquidated at the beginning of the week.
“In history, they’ve outlawed gold, and they’ve outlawed silver. They could outlaw bitcoin,” Dalio said while noting it has faced only modest competition over the past decade.
It’s a way to conduct financial transactions without utilizing banks — which conveniently dovetails with the Neo-Nazi antisemitic conspiracy theories about the financial system.
MiamiCoin has supposedly earned over $20 million in the past three months, and if it can avoid a crash, it will only represent 1/5 of Miami’s $400 million annual tax revenue.
Cruz suggested Bitcoin as a possible solution for the broken power grid that failed during a storm in Texas last winter, just before the senator fled to Cancun, Mexico.
The Chinese central bank said that digital currencies “cannot be used in the market as money” and banned companies from using cryptocurrency exchanges.
Following the Wall Street trend of using bots, NPR’s Planet Money built its own stock-picking method in 2017 that invested money based on Trump’s tweets.
Salvadoran President Nayib Bukele tweeted that he saw the crypto market crash as an opportunity to “buy the dip.”