Bitcoin over bonds: Ray Dalio reveals he owns crypto

Billionaire investor Ray Dalio revealed Monday that he has some skin in the game on bitcoin — and said he’d rather invest in cryptocurrencies than buy bonds......»»

Category: topSource: foxnewsMay 25th, 2021

ALTCOINS TO BUY: Crypto experts share the best investing opportunities they"re seeing outside of bitcoin

Insider has talked to several experts about which altcoins they like most, why they're bullish, and what they recommend others should be buying now. In this photo illustration of the litecoin, ripple and ethereum cryptocurrency 'altcoins' sit arranged for a photograph Jack Taylor/Getty Image Thousands of cryptocurrencies now exist. It can be difficult to pick winners in such a saturated space. Insider has asked several experts about where they see the biggest opportunities in altcoins. See more stories on Insider's business page. Cryptocurrencies have exploded in popularity over the last several months. Of course, the most popular remains bitcoin.But some other smaller cryptos are gaining serious steam as well, as the concept of digital currencies continues to seep into the public consciousness.However, it can be difficult to know which cryptocurrencies to invest in, or whether you should in the first place. There are currently thousands of different types of coins on the market. And some - like dogecoin, which was founded as a joke - don't appear to be serious. Others, like some built on the Ethereum blockchain, appear to have better use cases. And overall, there are legitimate concerns over whether the altcoin boom is unsustainable and will soon come crashing down.Crypto is an esoteric domain - its intricacies can be difficult to understand, especially for those new to the space.To help cut through the noise, Insider has talked to several experts about which altcoins - cryptocurrencies other than bitcoin - they believe have the best upside. These experts also described the fundamentals and technicals that make these altcoins attractive. Their views are shared in the articles below.imghed with link and appendage blurb Coach JV, crypto investor and founder of 3T Warrior Academy. Coach JV 4 altcoins to buy: A 12-year banking veteran says the biggest generational wealth transfer that's about to take place will trigger a 'parabolic' bull run in crypto. He explains how he's maximizing gains on the cryptos he's holding.John Vasquez quit a 12-year banking career to dive into crypto full-time.He's betting that the massive wealth transfer from baby boomers to their younger heirs will lead to a crypto boom.Vasquez, known as Coach JV on social media, explained what people should know about crypto before investing and the altcoins he's buying. Adrian Zduńczyk. Adrian Zduńczyk 5 altcoins that could surge 10-100x in the coming 'legendary' altcoin season that outshines bitcoin, according to a crypto technical analyst who's holding themCrypto technical analyst Adrian Zduńczyk says some altcoins due to outperform bitcoin in a "legendary" way. Zduńczyk is the founder and CEO of the Birb Nest, a trading platform. He shared five altcoins with us that he thinks could surge 10-100 times. Matthew Sigel is the head of digital assets research at VanEck. VanEck The head of digital assets research at an $81 billion money manager breaks down 3 drivers fueling the $2 trillion crypto market's latest bull run - and shares 3 competing altcoins to ethereum, including one that could nearly double in the next yearEthereum is the second-biggest cryptocurrency at the moment, sitting behind bitcoin. But it has problems like expensive transaction fees. Matthew Sigel, head of digital asset research at VanEck, shares three altcoins to rival ether. Evergrande is China's second-biggest property developer. Noel Celis/Getty Images A trader who warned of the 2017 and 2021 bitcoin bull market tops shares 4 altcoins he's bullish on for the long-term - but breaks down why Evergrande's crisis is keeping him away from crypto at the momentThe looming debt crisis of Chinese real estate developer Evergrande sent shockwaves through global equity markets in September - and crypto was not spared.Given the recent sell-offs, Goodman said he was keeping his money on the sidelines in the crypto space until prices appear to be in an uptrend again. He shared four projects he thinks can do well in the longer-term. STR/NurPhoto via Getty Images Bitcoin is ready for a 'monster run' up to $85,000 if it clears a key resistance level, a crypto evangelist predicts - and shares 7 altcoins he's bullish on nowEthereum's major upgrade in early August led to a 9.6% intraday price spike, and investors haven't yet sold the positive news. That's one reason why David Gokhshtein is bullish. He also told us his theses for six smaller altcoins he owns. A local business in El Salvador that accepts bitcoin payments. Alex Pena/Anadolu Agency via Getty Images Why crypto crashed: 4 experts break down what Tuesday's sudden drop might mean for the altcoin season and NFT frenzy - and share 12 high-quality tokens that are likely to continue rallying toward the year's endVarious cryptos tumbled on Tuesday September 7 as El Salvador officially adopted bitcoin as legal tender. By the following morning, more than $3.25 billion in crypto positions had been liquidated over 24 hours, affecting more than 300,000 traders, according to Bybit. We asked experts what was driving the sell-off, and where they recommended buying dips. Dogecoin is a 'meme' cryptocurrency, seemingly created as a joke Yuriko Nakao/Getty The chief economist of a blockchain data firm breaks down why the current dogecoin rally has more legs to run - and lays out why 'anything is possible' for the altcoin, including reaching $1When dogecoin rose over 12,000% to $0.68 earlier this year, it shocked the investing community. It has since cooled off, though its price has picked up in recent weeks. It now sits around $.027. What will it do next? Chainalysis chief economist Philip Gradwell broke down why he think it will go to $1. crypto coins circle Nurphoto WATCH: Crypto analyst David Grider and venture capital investor Ria Bhutoria discuss state of the market, under-the-radar altcoins, and outlook on regulationInsider recently hosted a live webcast featuring two crypto experts. They broke down their views on everything from the recent slump to the possibility of regulation. Lyn Alden is the founder of Lyn Alden Investment Strategy Lyn Alden Investment Strategy Bitcoin to $100,000 and ether to $5,000: Famed investment strategist Lyn Alden explains her bullish predictions for the largest cryptos in 2022, and why there are only 2 altcoins worth watchingLyn Alden says most altcoins are "smoke and mirrors." But there are at least two with interesting technologies that are worth watching. Marnie Griffiths/Getty A crypto evangelist explains why he's going 'all in on altcoins' - and shares why he's worried about bitcoin whales taking over that marketAs some altcoins have shown, there is potential for huge appreciation in crypto outside of bitcoin. David Gokhshtein is one investor that's looking to take advantage of these opportunities. He shared two altcoins he's bullish on. Mack Lorden, left, and Lucas Dimos are TikTok crypto influencers. Mack Lorden and Lucas Dimos 2 crypto traders and TikTok influencers share their 6 go-to altcoins for riding out crypto bear markets - including one that's up more than 11,000% since its launch in 2017The broader crypto space just went through a rough patch after huge gains earlier this year. Like any asset class, it has its bull and bear markets. When crypto bear markets do come, crypto influencers Mack Lorden and Lucas Dimos told us that six altcoins in particular help them hedge losses. Many investors are excited about the Ethereum network's uses. SOPA Images/Getty Images The head of institutional coverage at crypto trading platform FalconX shares 9 Ethereum-tied digital tokens to take advantage of the DeFi revolution - and breaks down why Ethereum still has 'significant' upsideMany altcoins are built on top of the Ethereum blockchain. Aya Kantorovich, the head of institutional coverage at crypto exchange FalconX, shared nine coins built on top of the ethereum blockchain that she thinks have solid use cases."I personally always like coins with application," Kantorovich said.Read the original article on Business Insider.....»»

Category: worldSource: nyt21 hr. 57 min. ago

Bitcoin"s claim to be digital gold loses its shine after the token plunges alongside stocks in the Evergrande sell-off

Bitcoin advocates often call the cryptocurrency "digital gold", but it didn't behave like it as stocks cratered on Evergrande debt default fears. Bitcoin tumbled on Monday along with stocks. REUTERS/Dado Ruvic Bitcoin's claim to be digital gold was delivered a blow when it sold off alongside stocks on Monday. The world's biggest cryptocurrency tumbled over 8% as fears about Evergrande's debt shook markets. Data from Bloomberg shows that bitcoin's correlation with stocks has been rising of late. See more stories on Insider's business page. Bitcoin fans often say the world's biggest cryptocurrency is "digital gold" - a safe-haven asset that investors can turn to at times of market stress or high inflation.Yet that view was dealt a blow on Monday, when the digital currency crumbled along with stocks as Chinese property developer Evergrande's debt crisis roiled markets.Bitcoin tumbled 8.5% on Monday, according to Bloomberg data, while the S&P 500 fell 1.7% in its worst day since May and the tech-heavy Nasdaq 100 dropped 2.1%. Other cryptocurrencies, such as ether and cardano, also plunged.Meanwhile, gold and government bonds rallied as investors turned to assets that are traditionally seen as safe places for investors to hide during market volatility.Billionaire investor Ray Dalio is among those to have said bitcoin could be a diversifying asset in portfolios, while crypto bulls such as Mike Novogratz have long hailed it as digital gold. But a number of analysts said Monday's sell-off showed there are problems with that argument."It's funny, [bitcoin] always sells off when risk takes a hit," said Neil Wilson, chief market analyst at trading platform"That's because it is the most risky asset, so it's the first to dump when there is liquidating of positions, margin calls, et cetera, to worry about."Read more: A 26-year-old crypto millionaire shows us the tools he uses to make the best trades and stay on top of tokens before they trendData from Bloomberg showed that bitcoin's correlation to the S&P 500 has been growing and is at its highest level in a year.Naeem Aslam, chief market analyst at AvaTrade, said institutional investors in particular see cryptocurrencies such as bitcoin as risky assets. This means they are inclined to ditch them to cover other positions when stock markets take a tumble.Cryptocurrencies' wild volatility limits their appeal as diversifying assets, according to a report released by UBS Global Wealth Management this week.However, bitcoin has other benefits for those who can stomach the wild ride, the UBS unit said, noting that it saw much higher returns than gold between 2016 and 2021. Bitcoin has risen around 290% in the last year.Crypto advocates argue that bitcoin and other cryptocurrencies are still relatively young, and that their volatility is likely to decline as the market grows and matures.Bitcoin was down 2.1% on Tuesday to $42,620, while the S&P 500 was up 0.15% as of 11.10 a.m. ET.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 21st, 2021

Billionaire investor Ray Dalio says he"d rather own bitcoin than bonds as inflation surges - and reveals he"s bought some of the cryptocurrency

"I have some bitcoin," Ray Dalio told CoinDesk, although the Bridgewater Associate.....»»

Category: dealsSource: nytMay 24th, 2021

eToro"s most popular female investor says she"s holding onto crypto stock and prefers Ethereum to bitcoin. She reveals the strategy that led 20,000 people to copy her portfolio.

Heloïse Greeff has amassed more than 20,000 "copiers" on the social trading platform since joining in 2016, and is the third-most copied investor. Heloïse Greeff. Photo credit: Holly Adams eT.....»»

Category: worldSource: nytMay 23rd, 2021

Everything you need to know about the mysterious origins of Bitcoin, and the many alleged identities of its creator

If the mysterious creator of bitcoin ever reveals their identity, the crypto market could be upended. Here's what we know about Satoshi Nakamoto. FILE PHOTO: Bitcoin (virtual currency) coins placed on Dollar ban.....»»

Category: personnelSource: nytFeb 26th, 2021

Coinbase warns the entire crypto market could be destabilized if bitcoin"s anonymous creator is ever revealed or sells $30 their billion stake

Satoshi Nakamoto owns about 5% of the.....»»

Category: smallbizSource: nytFeb 25th, 2021

The Tell: Who owns bitcoin? Roughly 80% are held by long-term investors: report

Bitcoin prices have been scaling new heights recently, and the basic dynamic of tighter supply and increased demand has underpinned that climb, according to a report compiled by London-based crypto custodian»»

Category: topSource: marketwatchFeb 10th, 2021

Bitcoin"s pullback slashes 23% from crypto evangelist Michael Saylor"s MicroStrategy

MicroStrategy stock is experiencing heightened volatility due to the company's bitcoin exposure. Microstrategy owns 71,079 b.....»»

Category: smallbizSource: nytFeb 10th, 2021

Wednesday"s Market Minute: Bitcoin Looks Poised For Another Big Drop

One of the most important debates around crypto is whether investors should think of bitcoin as a “safe-haven” asset like gold and bonds. It kinda looks like it’s trading like one this year, and it sure as heck traded like one last yea.....»»

Category: earningsSource: benzingaFeb 5th, 2020

Big investors are dumping bitcoin futures and pivoting to ethereum as expectations for the world"s largest cryptocurrency soften, JPMorgan says

"This is a setback for bitcoin and a reflection of weak demand by institutional investors," the JPMorgan analysts said. Ethereum and bitcoin. Jordan Mansfield /Getty Images Institutional investors are shying away from bitcoin futures as views on the top cryptocurrency soften, JPMorgan said. In September, bitcoin futures have traded below the price of an actual bitcoin, analysts said. Big investors have begun steadily pivoting to ethereum since August amid a "strong divergence in demand." Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Big-money investors are shying away from the bitcoin futures trade and pivoting instead to ethereum futures as expectations for the world's largest cryptocurrency soften, JPMorgan analysts wrote in a note on Wednesday.In September, bitcoin futures on the Chicago Mercantile Exchange have traded below the price of an actual bitcoin, the analysts noted. "This is a setback for bitcoin and a reflection of weak demand by institutional investors that tend to use regulated CME futures contracts to gain exposure to bitcoin," the analysts wrote.Under healthy demand, futures usually trade at a premium to actual bitcoin. This happens because high bitcoin storage costs and the juicy yields available for passive crypto investing push up futures prices, according to previous JPMorgan research.That dynamic makes the current weakness in futures especially bearish for bitcoin, the analysts wrote.Meanwhile, institutional investors have begun steadily pivoting to ethereum since August. The 21-day average ethereum futures premium rose to 1% over actual ether prices, according to CME data cited by JPMorgan, showing a "strong divergence in demand.""This points to much healthier demand for ethereum vs. bitcoin by institutional investors," the JPMorgan analysts wrote.Ether prices have fallen 3% in the last month while bitcoin has fallen 10%. Last week, JPMorgan's crypto guru - who also co-authored the note on institutional demand - told Insider that he expects ethereum to keep declining as it faces growing competition from the likes of solana and cardano.Read the original article on Business Insider.....»»

Category: worldSource: nyt42 min. ago

Crypto billionaire Mike Novogratz says bitcoin holding at $40,000 shows the market is in good shape - and recommends buying the dip

Mike Novogratz said investors are still very interested in crypto and that he's not nervous about the recent sell-off. Mike Novogratz is one of the biggest names in crypto. Photo by John Lamparski/Getty Images Mike Novogratz said bitcoin bouncing off $40,000 is a good sign for the crypto market. He said he's not worried about the recent sell-off and that it's a "buy-the-dip" opportunity. Bitcoin and ether fell sharply on Monday as the Evergrande crisis rattled financial markets. See more stories on Insider's business page. Billionaire crypto investor Mike Novogratz has said bitcoin holding firm at $40,000 during the recent sell-off is a good sign for the market, and recommended buying the dip in digital assets.Speaking after cryptocurrencies sold off sharply at the start of the week, Novogratz told CNBC earlier this week that he thought the market remained in good shape. Cryptocurrency prices rallied on Thursday, with bitcoin and ether rising along with altcoins."We held $40,000 overnight in bitcoin and $2,800 in ethereum. I think those are very important levels for people to watch. As long as those hold a think the crypto market is in good shape," he said.Bitcoin rallied 5% to $44,159 on Thursday, according to Coinmarketcap, while ether - the cryptocurrency on the ethereum network - rose 6.4% to $3,122.Yet both remain considerably lower than on Monday, when bitcoin stood above $47,000 and ether was above $3,300. They fell sharply on Monday, with bitcoin testing $40,000 on Tuesday, as worries about Chinese property developer Evergrande shook markets, causing investors to ditch riskier assets.Read more: 3 altcoins to buy: a crypto consultant explains why ether could surge to $15,000 and flip bitcoin, and criticizes one token as an overvalued 'joke'Novogratz said he's not nervous about the declines, however, and said he thinks it's a "buy-the-dip" situation.The crypto billionaire, a former hedge fund boss who founded the digital assets investment firm Galaxy, said he's seeing lots of engagement and activity in the crypto market. He pointed to SoftBank's participation in a $680 million funding round for sports NFT marketplace Sorare.Novogratz said he thought Monday's sell-off was also driven by concerns about regulation in the US. "The market got itself a little too long," he said.Read the original article on Business Insider.....»»

Category: topSource: businessinsider3 hr. 58 min. ago

US stocks gain after China tells Evergrande to pay its debts and avoid default

US stocks gained on Thursday as concerns around Evergrande's debt crisis continued to cool. Drew Angerer/Getty Images US stocks gained on Thursday, continuing its rebound from Monday's Evergrande-induced sell-off.China told Evergrande to pay its upcoming US-dollar denominated debt payments and avoid default, according to a Bloomberg report.At the same time, Beijing is telling local officials across the country to prepare for a "possible storm" related to the Evergrande debt crisis, The Wall Street Journal reported.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks edged higher in Thursday trades, continuing the rebound from Monday's Evergrande-induced sell-off in which the Dow Jones fell nearly 1,000 points.The gain on Thursday came after Bloomberg reported that China told Evergrande to pay its upcoming debt payments on US-dollar denominated bonds, and to avoid default. That may be giving investors a reason for relief as the S&P 500 trades just ten points below last Friday's levels.But longer-term, Evergrande's $300 billion debt problem isn't going away, and Beijing is warning local officials across the country to prepare for a "possible storm" related to a potential default of the country's second largest property developer, The Wall Street Journal reported.Here's where US indexes stood shortly after the 9:30 a.m. ET open on Thursday:S&P 500: 4,418.40, up 0.52%Dow Jones Industrial Average: 34,529.93, up 0.79% (271.61 points)Nasdaq Composite: 14,951.28, up 0.37%US weekly jobless claims rose to 351,000 last week as the hiring recovery continued to move forward. That's slightly higher than economist expectations of 320,000. Continuing claims increased 2.85 million for the week that ended September 11.Cathie Wood said at a Morningstar investment conference on Wednesday that Ark Invest would sell its position in Tesla if the stock hit its 5-year price target of $3,000 within the next year and little changes to its long-term thesis. Wood also reiterated her view that the stock market is not in a bubble.Altcoins surged on Thursday, with cosmos, dot, and sol jumping sharply as the Evergrande debt crisis continues to cool down. Coinbase wants to strengthen its legal and compliance team as it steps up collaboration with crypto regulators. The move comes after its recent spat with the SEC regarding a lending product. Oil prices moved higher. West Texas Intermediate crude jumped as much as 0.18%, to $72.36 per barrel. Brent crude, oil's international benchmark, jumped 0.13%, to $76.29 per barrel.Gold fell as much as 1.23%, to $1,757.00 per ounce.Read the original article on Business Insider.....»»

Category: topSource: businessinsider4 hr. 41 min. ago

Coinbase wants to strengthen its legal and compliance team as it steps up collaboration with crypto regulators

The crypto exchange has more than 350 job openings, including a role based out of Washington, DC for someone with "excellent political judgment." Richard Drew/Associated Press Coinbase is looking to make new hires, including a dozen new roles for its legal and compliance team. The new listings highlight Coinbase's intent to collaborate with regulators after its recent spat with the SEC. The crypto exchange is preparing to pitch a new regulatory framework to federal agencies due next month. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Coinbase wants to grow its legal and compliance team, and add several communication roles as the crypto exchange prepares to propose a regulatory framework for cryptocurrencies in the US.The largest publicly-listed crypto exchange's website shows more than 350 job openings, including a role based out of Washington, DC for someone with "excellent political judgment" and who has experience in managing high-profile political and media crises.These represent Coinbase's intent to get US regulators on board with its ambitions after the Securities and Exchange Commission threatened to sue the company over its interest-bearing lending product. Plans to launch the product were abandoned last week.CEO Brian Armstrong lashed out at the regulator by calling its behavior "sketchy" for not providing clear enough reasons for its threat. But the exchange now seems to be in collaboration mode, wanting to advise on how the US can create "sensible regulation."Among the 24 openings for legal and compliance, Coinbase is looking to hire a "head of APAC compliance" in Singapore, a "head of international compliance" in London, and "global anti-bribery and corruption managers" in the UK and US.Other roles for general counsel mention responsibilities related to strategic direction on digital currency, blockchain technology, and legal and regulatory issues. All new roles related to security engineering are based out of the US and Canada.Coinbase's new openings also highlight its intentions to fund new investments and acquisitions as the company recently raised $2 billion via the bond market.Listed benefits for some roles include free snacks and lunch, and a monthly gym allowance.Coinbase already added more than 450 new employees in the second quarter this year, taking its total full-time staff headcount to 2,176, according to its latest letter to shareholders.Read More: Ahead of bitcoin's $3 billion options expiry this Friday, 5 experts told us how much the crypto and other leading altcoins can surge or fall from here: 'if markets bleed, they will bleed as a group.'Read the original article on Business Insider.....»»

Category: topSource: businessinsider4 hr. 57 min. ago

Altcoins surge as Evergrande crisis cools off, with avalanche, cosmos and polkadot leading the charge

The smaller cryptocurrencies rallied sharply on Thursday, enjoying a swell of risk appetite after some concerns around the Evergrande debt crunch. crypto coins circle Nurphoto Avalanche, cosmos, dot and sol rose sharply, recovering from this week's meltdown. Risk appetite picked up after Evergrande made interest payments on some of its bonds, allaying some investor concerns. Crypto is not tightly correlated with other risk assets in the long term, Marcus Sotiriou from GlobalBlock said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The smaller cryptocurrencies rallied sharply on Thursday, enjoying a swell of risk appetite after some of the concerns around the debt crunch at Chinese property company Evergrande that had rattled markets earlier this week subsided.While the likes of cardano's ada, solana's sol and even ether have posted major gains in recent weeks, it was the smaller coins such as the native tokens of the avalanche, cosmos and polkadot networks that led the charge higher on Thursday.Cosmos, a decentralized, peer-to-peer network that enables data exchanges between blockchains, was the front runner, as its atom token gained 23% over 24 hours to stand at $40.38 at 06:13 a.m. ET, according to Avalanche's avax token rose 20% in a day to $76.39, while layer-zero protocol polkadot's dot went up 9% to $31.26. So-called "ethereum killer" solana's sol rose 12% to $148.02. Worries cooled about Evergrande on Thursday after the firm agreed to settle interest payments on a domestic bond the previous day and the Chinese central bank injected extra liquidity in the financial system. The company owes more than $300 billion to bondholders and banks all over the world and an announcement earlier this week that it might not make a key coupon payment hit risk assets such as stocks and cryptocurrencies hard. "Crypto is a risk-off asset, so will fall with stocks in the short term, but they are not correlated over the long term," Marcus Sotiriou, sales trader at UK based digital asset broker GlobalBlock. Altcoins have been on a tear so this year, with sol up almost 10,000%, meme-token dogecoin up 4,000% and avalanche's avax up 2,300%, prompting many to question whether some of these lesser-known tokens linked with smaller networks are in a bubble."Many coins with strong fundamentals that are solving real life problems are experiencing rapid network adoption. I think these cryptocurrencies are very undervalued given the power of network effects and size of the market they are going after," Sotiriou said. "When comparing the same (total value locked) TVL amounts of these networks against ethereum [it] indicates that they are likely undervalued," Eliézer Ndinga, research lead at 21 Shares, a crypto exchange traded products provider, said.Total Value Locked is the dollar amount invested in decentralized financial applications built on blockchains, Ndinga said. This metric measures the overall health of an application in real-time and is one way to determine the value of one network versus another.Read the original article on Business Insider.....»»

Category: topSource: businessinsider4 hr. 57 min. ago

Elon Musk says dogecoin fees have to fall for it to become a viable form of payment, after AMC suggests it might accept the token for movie tickets

Musk has been relatively quiet about cryptocurrencies ever since he announced Tesla would no longer take bitcoin as payment for its electric vehicles. Elon Musk. Patrick Pleul/picture alliance via Getty Images Elon Musk says dogecoin fees would have to fall for it to become a viable payment option. His tweet came after AMC's CEO said the movie-chain operator may accept dogecoin for movie ticket payments. Musk's latest tweet suggests he isn't sure about adopting dogecoin for Tesla yet. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Tesla boss Elon Musk said Wednesday dogecoin fees would have to drop for it to become a feasible payment option, after movie-chan operator AMC's CEO hinted he might add it as a method to pay for tickets."Super important for Doge fees to drop to make things like buying movie tix viable," Musk said in a tweet.The billionaire CEO was responding to dogecoin creator Billy Markus, who is no longer developing the digital asset."Robinhood announcing wallets, AMC CEO not only talking about accepting dogecoin but saying it was the single most interacted with tweet he has ever made, the crypto market finally seeing some green," Markus had tweeted.Cryptocurrencies had a weak start to the week with the total value of the market falling below $2 trillion, as the fallout from Evergrande's debt crisis delivered a huge blow to risk appetite, sending roughly every asset class lower. Bitcoin tumbled 8% to around $43,000 on Monday, while dogecoin fell 13% to 22 cents.Most digital coins made some gains Wednesday, after Robinhood announced it would launch a crypto wallet by next year and AMC CEO Adam Aron responded to the Twitter poll he put out that sought input on accepting dogecoin in theaters. "It's clear that you think AMC should accept dogecoin," Aron said. "Now we need to figure out how to do that."Aron also appeared thrilled that Musk had liked his poll, and called him the "epitome of innovation."Musk has been relatively quiet about cryptocurrencies ever since announcing Tesla would suspend vehicle purchases using bitcoin due to its impact on the environment. He previously hinted at adopting dogecoin for the EV-maker instead, but his latest suggestion about lower fees seems like he still isn't sure.Dogecoin fees are made for the effort used in processing transactions on the blockchain. These fees can fluctuate, depending on how busy the network is. The dogecoin development team last month announced an update to the network, which claimed to enable upcoming fee reductions. Musk had reacted positively, calling it "good progress."Dogecoin was last trading at 22 cents on Thursday. It's up more than 4,500% so far this year, according to data from CoinDesk.Read More: Ahead of bitcoin's $3 billion options expiry this Friday, 5 experts told us how much the crypto and other leading altcoins can surge or fall from here: 'if markets bleed, they will bleed as a group.'Read the original article on Business Insider.....»»

Category: topSource: businessinsider9 hr. 42 min. ago

How to Be a Great Long-Term Stock Investor

Tracey shares her tips on how to be a buy-and-hold stock investor in a time when everyone is trading. (0:45) - Buy and Hold Stock Strategy: The Power of Compounding(6:50) - Tips To Manage Your Portfolio For The Long Term(14:00) - What Type of Stocks Should You Be Buying?(23:45) - Episode Roundup: AMZN, SBUX, FB, IBM, NVDA, PYPL, EL, NFLX       Welcome to Episode #286 of the Zacks Market Edge Podcast.Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.This week she’s going solo to share her best tips on how to be a great long-term stock investor.Have You Ever Owned a Stock for an Entire Year?The average time for most stock investors to hold a stock is now about 5 ½ months, down from 18 months pre-pandemic.That means for most investors, the thought of owning a stock for 5 or 10 years is very foreign. And investors will get out at even a hint of non-performance.Amazon AMZN soared in 2020 after the coronavirus sell-off, gaining 74% between Mar 9 and Nov 9. But in 2021, shares haven’t gone anywhere, adding only 3.4% for the year.How many investors have stayed in the stock this year?Are you considering selling because other stocks are performing better even though you consider yourself a long-term investor?3 Tips for Long-Term Investors1.       Don’t look at your portfolio every day. There’s no reason to see how much money you are making, or losing, every single day. This is short-term thinking. It will distract you from your long-term investing goals.2.       Buy some stocks that pay dividends. We all like getting “free” money. If you get a stock that stagnates for a year or more, getting a dividend can help smooth over some of the pain. For example, Starbucks SBUX stock went nowhere from 2016 to 2019. In those 3 years, it was up just 5.9% compared to the S&P 500 which gained 27%. However, it paid a dividend, which at that time was yielding around 3%. Not too shabby. It eased some of the pain until the stock finally broke out to new highs in the last 2 years.3.       Dollar cost average on sell-offs. In 2018, Facebook FB was hit with all those issues surrounding privacy concerns. From July 2018 to January 2019, shares fell 33%. It presented a buying opportunity for long-term investors to add more shares “on sale.”Be diverse in your portfolio. Own at least 10 individual stocks because you likely won’t be able to pick all winners.For example, Warren Buffett bet big on IBM IBM a decade ago but then sold his position as it wasn’t performing as he hoped. From Sep 2011 to Sep 2021, IBM shares have actually declined 23% while the rest of the market was up big.However, he owned plenty of other stocks that helped ease the pain of being in a stock that didn’t perform.Additionally, you don’t need to buy in at the IPO to do well as a long-term investor.While Netflix NFLX shares are one of the best performers of the last 20 years, if you bought it in 2012, 10 years after its IPO, you would still be up 7300%.What else should you know about how to be a great long-term investor?Tune into this week’s podcast to find out.[In full disclosure, Tracey owns shares of AMZN, SBUX, and FB in her personal portfolio.] Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report, Inc. (AMZN): Free Stock Analysis Report International Business Machines Corporation (IBM): Free Stock Analysis Report Netflix, Inc. (NFLX): Free Stock Analysis Report Starbucks Corporation (SBUX): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report To read this article on click here. Zacks Investment Research.....»»

Category: topSource: zacks18 hr. 41 min. ago

Dogecoin fans storm AMC CEO"s Twitter poll asking if the theater chain should accept the joke cryptocurrency

More than two-thirds voted for the cinema chain to accept dogecoin at all locations, while 23% said AMC shouldn't bother. Dogecoin was started as a joke in 2013. Yuriko Nakao/Getty Images Dogecoin fans stampeded a Twitter poll from AMC CEO Adam Aron asking for input on accepting the cryptocurrency. Aron's poll closed on Wednesday with 68.1% voting for the cinema chain to accept dogecoin at all locations. On top of massive online interest, the poll drew a like from noted dogecoin frenemy and Tesla CEO Elon Musk. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Apes, silverbacks, and doge-heads of all varieties stampeded a Twitter poll from AMC CEO Adam Aron asking for input on accepting dogecoin in theaters."I hear from many on my Twitter feed we should accept dogecoin too," Aron's poll asked. "Do you think AMC should explore accepting dogecoin?"The survey attracted 140,000 votes within 24 hours, closing on Wednesday with 68.1% voting for the cinema chain to accept dogecoin at all locations. Another 9% said to go ahead with the cryptocurrency even if they wouldn't use it, while 23% said AMC shouldn't bother with dogecoin.The results came after Aron announced plans last week to begin accepting bitcoin, ether, bitcoin cash, and litecoin by the end of the year. On top of massive online interest, his poll drew a like from noted dogecoin frenemy Elon Musk, prompting the AMC CEO to respond with a fawning post dedicated to the Tesla CEO and co-founder. "I never thought I would see this day," Aron wrote. "If you happen to see this tweet too Mr. Musk, congratulations on Tesla and SpaceX. I have strived to be an innovator my entire career, but you sir are the epitome of innovation above all others."Although dogecoin was conceived of as a winking meme-coin, many users take it seriously - despite its founder denouncing crypto as an "inherently right-wing, hyper-capitalistic technology."Dogecoin now stands as the 10th-biggest cryptocurrency with a market cap of almost $30 billion, according to CoinGecko.Even still, memeing on dogecoin remains a key aspect of its ethos. "I would never sneak a pack of skittles into the theatre again if you accept dogecoin," read the top response to Aron's poll.AMC stock, meanwhile, has sagged over the last week, though it still trades at elevated levels following a blistering meme-stock rally in May. Read the original article on Business Insider.....»»

Category: worldSource: nyt21 hr. 57 min. ago

SoftBank, Middle Eastern Sovereign Wealth Funds Back Mnuchin"s $2.5 Billion Private Equity Fund

SoftBank, Middle Eastern Sovereign Wealth Funds Back Mnuchin's $2.5 Billion Private Equity Fund Treasury Secretary Steven Mnuchin has found an investor for his new 10-figure private equity fund in an old friend of the Trump Administration: SoftBank. The latest iteration of SoftBank's infamous Vision Fund has decided to invest in Mnuchin's new firm, which has a fundraising target of $2.5 billion, and will feature a private equity model. Mnuchin's new Liberty Strategic Capital, which was launched earlier this year, has also raised money from sovereign wealth funds in the Middle East, including Saudi Arabia's Public Investment Fund. Ironically, the Saudis were a major backer of SoftBank's first vision fund, but declined to invest in VFII after VFI single-handedly hiked valuations across the Silicon Valley startup world with massive investments in Uber, WeWork, and other less-well-known firms. WeWork's implosion, defeat at Wag, and even more ridiculous ventures like Zume Pizza - the VF's $4 billion burnt pizza fiasco - left SoftBank and its Middle Eastern backers with massive losses. Although it mostly slipped below the radar, Mnuchin's fund also received an investment from Abu Dhabi's Mubadala, the giant sovereign wealth fund that saw its reputation tainted by the 1MDB scandal (which briefly led Mubadala to suspend its relationship with Mnuchin's former employer, Goldman Sachs). According to the FT, one anonymous source said VFII's decision to invest with Mnuchin was influenced by Saudi Arabia's PIF, the state fund administered by Crown Prince Mohammed bin Salman, with whom Mnuchin was said to have a friendly relationship. Liberty Strategic said: "The firm is not permitted to comment on any ongoing fundraising, but it has a diverse investor base including US insurance companies, family offices, sovereign wealth funds, and other institutional investors." Mnuchin had close ties with the US's Middle Eastern partners during his time as Treasury Secretary, though there were also times of tensionL he declined to attend MbS's "Davos in the Desert" in the wake of the murder of journalist Jamal Khashoggi inside a Saudi consulate in Turkey. Mnuchin of course joins a long line of Treasury Secretaries (from both parties) who have transitioned to private equity after their time in office. The list includes Timothy Geithner, Hank Paulson, John Snow and Jack Lew Mnuchin's fund is supposed to focus on financial services and technology. No word yet on whether or not it owns any crypto. Tyler Durden Wed, 09/22/2021 - 14:59.....»»

Category: blogSource: zerohedge22 hr. 58 min. ago

Stocks, Bonds, Bullion, & Bitcoin Jump As Dollar Dumps On Hawkish Fed

Stocks, Bonds, Bullion, & Bitcoin Jump As Dollar Dumps On Hawkish Fed The kneejerk reaction to the most hawkish Fed statement since 2018 is 'interesting'. The dollar is dumped... While stocks, bonds, bitcoin, and gold are all rallying... Are markets pricing in the next QE already? Or is this a kneejerk over-reaction to the fact while rate-hikes are expected to start earlier, their trajectory is flatter than some expected out to 2024? Tyler Durden Wed, 09/22/2021 - 14:21.....»»

Category: blogSource: zerohedgeSep 22nd, 2021

Bitcoin mining will contribute just 0.9% to total global emissions by 2030, even in the most bullish price scenario: NYDIG

Bitcoin mining will only contribute to 0.9% of global carbon emissions even if the coin's price were to hit a mind-boggling $10 trillion by 2030. Mining machines FEDERICO PARRA / Getty Images Even if bitcoin hit $10 trillion by 2030, its emissions would still only account for less than 0.9% of the global total, an NYDIG report said. Bitcoin mining currently produces fewer carbon emissions than aviation or air conditioning, the report said. Back in 2019, bitcoin already used as much energy as the Philippines, according to Cambridge University data. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin mining will only contribute to 0.9% of global carbon emissions even if the coin's price were to hit a mind-boggling $10 trillion by 2030, according to a report by crypto technology company New York Digital Investment Group (NYDIG) earlier this week. Bitcoin's emissions are mostly driven by the carbon intensity of the energy sources and consumption of the miners that scour the network. Bitcoin creation depends upon a "proof of work" system, where miners compete to assemble transactions on the blockchain and this requires vast amounts of power, much of it currently derived from fossil fuels. In the past, bitcoin has faced a lot of criticism because of its energy consumption. Already in 2019, bitcoin already used as much energy as the Philippines, according to Cambridge University data. Elon Musk said on Twitter back in May that his Tesla electric vehicle maker would no longer accept any payment in bitcoin over concerns that its fossil fuel use was rapidly increasing. However, the NYDIG report showed the situation is not quite as dire as many might fear."Bitcoin's absolute electricity consumption and carbon emissions are not significant in global terms," NYDIG said in its report.Bitcoin mining only represents 0.1% of global carbon emissions right now, which was 33 million tonnes of carbon dioxide (MtCO2) in 2020, less than what aviation or air conditioning produces, the report said. After the Chinese crackdown on mining, bitcoin mining fell from consuming 92 terawatt hours (TWh) in March this year, to just 49 TWh by July, the report showed. NYDIG said it had calculated the future energy consumption of bitcoin miners based on price trajectory, miners' energy mixes, activity, locations, economics, power prices and transaction fee volumes. Prior to China's crackdown, most of the world's bitcoin miners were located there. But many have since relocated to countries that offer more environmentally friendly power sources, such as Iran or the United States. "Over the longer term, the intensity of bitcoin's carbon emissions (and with it bitcoin's absolute carbon emissions) will decline, as the development of renewables continues and countries strive to decarbonize their electricity grids," the report said.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 22nd, 2021