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Novogratz: “Sell LTC, Buy BTC”

Earlier this week, the popular crypto figure, Mike Novogratz has said that he couldn’t understand the price rally that Litecoin experienced recently as he believes that the digital asset is massively overrated. Controversial comments The former partner at Goldman Sachs and the CEO and founder of the Galaxy Digital merchant bank have spoken out against the popular digital currency, Litecoin. Novogratz’ comments come on the day that Litecoin reached its highest price since June last year. Speaking on Twitter, he said: Gold has an $8.5 trillion dollar market cap. Silver is $15bn That is .17%.  $BTC has a $90bn mkt...

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Coinbase CEO Brian Armstrong Reflects On His Role In The Bitcoin Community During AMA

Over the years, Coinbase has become a rather controversial member of the Bitcoin ecosystem. The company has received a large amount of criticism from Bitcoin users over the years due to actions like showing support for contentious hard forks, acquiring a company whose team members helped authoritarian regimes monitor dissidents, shifting their focus to Ethereum, and adding Ripple’s XRP token. In a recent AMA posted to the company’s YouTube account, Coinbase CEO Brian Armstrong discussed this negative view that segments of the Bitcoin community have of the startup, particularly in terms of the block size controversy. When originally asked for...

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Bitcoin Isn’t Money, It’s A Protocol

Even though it’s still in its infancy, Bitcoin is a popular asset in the world of modern financing but the concept behind it is over a decade old. The double spending problem has been fixed meaning that it is possible to use a digital certificate to replace money and be sure that no one else can spend that certificate as long as you hold it. This is an unprecedented paradigm shift, the implication of which are not yet fully understood and for which the tools do not yet exist to fully take advantage of this emerging idea. This kind of...

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Bitcoin Surpassed $5k but Bloomberg Say Ignore It

It’s finally happened. Bitcoin has reached the $5,000 mark. After months of turmoil and the bears' grip on the industry, the price of Bitcoin is finally over the $5k key resistance level. It’s taken a while but there is finally some good things to happen for Bitcoin in the market. This is the highest level that the Bitcoin price has been all year but is it a sign of things to come Bloomberg’s thoughts The current level of more than $5k for Bitcoin is the first one after the Bitcoin rate collapsed in November last year following Bitcoin SV emerging...

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Strong Evidence Bitcoin (BTC) May Not Have Bottomed Yet

Bitcoin (BTC) has been following the 2014-15 cycle throughout the entire bear market. With every passing month, it becomes increasingly clear how closely the price is printing the exact same pattern it did during its previous cycle but with a few differences. If we compare the two cycles, we can see that the correction in the ongoing cycle is more extended compared to the previous cycle. In other words, every fractal of the current bearish cycle takes longer to form compared to that of the previous cycle. This difference is also visible when we compare the previous cycle with the...

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