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Robert Kiyosaki, the author of Rich Dad Poor Dad, is warning of a potential US economic collapse, similar to the Great Depression of 1929. He’s urging caution for those invested in stocks and bonds. A Looming Depression? Kiyosaki blasted US fiscal policies on X (formerly Twitter), calling America the “world’s biggest debtor nation.” He believes…
Bitwise’s CIO, Matt Hougan, predicts a massive influx of institutional money into altcoins, following the success of Bitcoin ETFs. He believes now is the prime time to buy altcoins before prices skyrocket. Let’s dive into three promising altcoins. Bitcoin’s Next Big Thing: The Altcoin Rush Hougan, in a recent interview, stated that institutional investors are…
Matt Hougan, the chief investment officer at Bitwise Asset Management, believes traditional finance (TradFi) is diving headfirst into the crypto market. He’s seeing a major shift in investment strategies. From Bitcoin to Beyond Hougan explains that after massive gains in Bitcoin ETFs, TradFi firms aren’t just sitting on their profits. They’re actively seeking higher returns…
The US government is trying to get its hands on $2.4 million worth of Bitcoin seized by the FBI in Dallas. FBI Busts Ransomware Ring The feds filed a lawsuit in Texas to claim the Bitcoin, which was taken from a ransomware group called “Hors” back in April. The group is suspected of targeting victims…
JPMorgan Chase is calling Goldman Sachs and BNY Mellon’s new partnership a game-changer for money market funds. The collaboration will use blockchain technology to create tokenized versions of these funds. A Blockchain Boost for Money Market Funds Goldman and BNY Mellon are teaming up to launch a service that uses a Goldman-developed blockchain to tokenize…
Bitcoin is hanging out in a familiar price range, but could be about to make a big move. While things look bullish, analysts are urging some caution. Bitcoin’s Bull Flag: A Chart Pattern Analysis Since early July, Bitcoin has been trading between roughly $114,000 and $120,000. Analysts see this as a “bull flag” pattern on…
Cardano’s creator, Charles Hoskinson, thinks Cardano (ADA) is a better investment than Bitcoin (BTC). He’s not just basing this on recent price action, but on a longer-term strategy. ADA’s Impressive Performance Over the past year, ADA’s price surged by 90%, outperforming Bitcoin’s 70% gain. This isn’t a recent trend; the gap has been widening since…
Altcoin futures trading is heating up again! Open interest (OI), which basically shows how much money is bet on future price movements, is climbing back up. A Big Jump in Open Interest A recent report from Glassnode shows that the total open interest for major altcoins like Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE)…
Robert Kiyosaki, the well-known author of Rich Dad Poor Dad, is sounding the alarm about the US economy. He thinks we’re on the brink of a major crash, similar to the Great Depression. This is especially worrying for people who have their retirement savings tied up in stocks and bonds. A Looming Depression? Kiyosaki recently…
Some powerful senators are sounding the alarm about a plan to let people use cryptocurrency to buy houses. This could shake up both the housing and financial markets. The Problem with Crypto in Mortgages A group of senators, including Elizabeth Warren and Bernie Sanders, are worried about a new rule that would allow people to…
