Bitcoin Hype Casualties in 2024
Bitcoin popped up by 10% in the days prior to the SEC giving an OK to ETFs that will track the spot price of Bitcoin. After the OK was given, Bitcoin fell by 20% over the following ten days. Bloomberg noted that as Bitcoin ETF hype wanes there are more Bitcoin ETF hype casualties than just the token itself.
Travails of Terraform
Today Kwon is in custody in Montenegro and awaiting extradition to the USA Meanwhile the travails of his company continue as Terraform files for bankruptcy.
How to Invest in Bitcoin
For that matter, this new wrinkle in the world of cryptocurrencies raises the basic question of how to invest in Bitcoin. Will you be in Bitcoin for short term profits or for the long term? Will Bitcoin be the long term store of value that its strongest proponents argue? Or will we be treated to a series of crypto winters over and over again?
Effects on World Trade As Panama Canal Dries Up
Today we have a new Panama Canal issue. We are concerned about the effects on world trade as the Panama Canal Dries up!
Why Trade Options Versus Bitcoin
Why trade options versus Bitcoin itself? To make this decision and trade Bitcoin options, you need to understand what options are.
How Dangerous Is Crypto Leverage?
What are the ways in which leverage helps a crypto trader? How dangerous is crypto leverage when misused?
What Is the Sam Bankman-Fried Lesson?
What does all of this tell us about crypto, investing in general, and trusting what we hear about ways to make money? What is the Sam Bankman-Fried lesson?
Can You Reserve a Hotel Room with Crypto?
There are some practical issues standing in the way of cryptocurrencies for use in everyday life. For example, can you reserve a hotel room with crypto?
Euronext Bitcoin ETF
Who will use the Euronext Bitcoin ETF and how will that work out?
Beware of Celebrities in Crypto
So, our advice is that you should beware of celebrities in crypto (or any investment arena). Sadly, the issue has arisen again with crypto’s friend.tech on Coinbase’s Base.