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As Berkshire Hathaway stocks collapse, is bitcoin Warren Buffett’s Safehaven?

Berkshire Hathaway has been the latest business to see a huge decline in its stock prices due to the ongoing pandemic of the coronavirus.  This comes as well as business operations seeing a nosedive with a huge underperformance of its stock price. Owned by Warren Buffett and one of the biggest holdings companies in the world, Berkshire Hathaway has been the latest business to see a huge decline in its stock prices due to the ongoing pandemic of the coronavirus. This comes as well as business operations seeing a nosedive with a huge underperformance of its stock price. Crypto Now...

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The Bitcoin Halving Event is Only a Few Days Away, What Should You Expect from the Market

In the pre-halving period of Bitcoin, miners received a reward of 50BTC for every block mined. When the first halving happened in 2012, mining rewards were cut from 50BTC to 25 BTC. The Bitcoin Halving event is set to happen on May 12th and the entire cryptocurrency market is watching to see what this could mean for Bitcoin, other cryptocurrencies, and the underlying Blockchain technology. Bitcoin halving is a control-mechanism that Satoshi Nakamoto programmed into Bitcoin’s source code to ensure the deflationary property of Bitcoin by halving mining rewards as a means of reducing the supply of new Bitcoin in...

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Peter Schiff once more slams BTC citing the ‘no intrinsic value’ argument

Peter Schiff has once again taken to Twitter to insult the leading cryptocurrency.  Over the weekend, he said that the price can never be too low indicating that it could easily go down to $0. The well-known supporter of gold and hater of bitcoin, Peter Schiff has once again taken to Twitter to insult the leading cryptocurrency. Over the weekend on the second of May, he said that the price can never be too low indicating that it could easily go down to $0. In defending his argument, Schiff cites the no intrinsic value point saying that the digital asset...

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How bitcoin is helping during times of crisis

Many governments and financial bodies have taken steps all over the world in regulating different crypto such as bitcoin.  This has been able to pave the way for greater adoption in many different sectors of the financial industry. Many governments and financial bodies have taken steps all over the world in regulating different crypto such as bitcoin. This has been able to pave the way for greater adoption in many different sectors of the financial industry. Many traders and investors will see BTC as a vehicle for investment however when it comes to developing economies in different corners of the...

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BTC/USD Bulls Eye 9225.75: Sally Ho's Technical Analysis 4 May 2020 BTC

Bitcoin (BTC/USD) searched for direction early in today’s Asian session as the pair extended its recent orbit around the psychologically-important 9000 figure after trading as low as the 8731.01 area during yesterday’s North American session.  After a couple of days, traders were finally able to drive BTC/USD below the 8765.31 area, an upside price objective related to buying pressure that emerged around the 6456.00 area in mid-April.  During yesterday’s Asian session, the pair traded as high as the 9203.52 area, just below the 9225.85 level that represents the 76.4% retracement of the depreciation from 9478.66 to 8407.00.  Other important technical...

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