Bitcoin Not Valueless, Just Un-Valuable: Given the astronomical gains last year, many have understandably asked if they should purchase some Bitcoin. I would say no. Not because it’s a mania, a novelty, or a fad—though it certainly might be all of those things. I would say no for the same reasons I advised against buying … Read more
Bitcoin under pressure to start 2018 as Ether tokens take flight: Bitcoin prices on Tuesday started 2018 the same way it ended: facing stiff headwinds as some of its rivals, notably Ether tokens trading on the Ethereum blockchain trading at or near an all-time high. The spot price of a single bitcoin BTCUSD, +5.78% was … Read more
North Korea is earning bitcoin and alternative cryptocurrencies by secretly hacking computers: North Korean hackers are quietly seizing control of other people’s computers in order to mine cryptocurrencies. After the rapid recent rise in value of bitcoin, it’s feared that North Korean actors are going to increasingly target cryptocurrency exchanges and hijack computers in order … Read more
Bitcoin will trade under $5,000, warns Dennis Gartman: In the latest development, there seems to be nothing that can convince Dennis Gartman to turn bullish on bitcoin. Despite tanking this month, bitcoin has still soared over 1,400 percent this year. But Thursday on CNBC’s “Futures Now,” The Gartman Letter editor and publisher reiterated his skepticism … Read more
What makes bitcoin an implausible currency: Is bitcoin money, or a payment system? Mounds, or Almond Joy? Great taste, or less filling? If bitcoin is good at both those jobs, then it’s probably got a bright future. If it’s good at neither of them … well, farewell, bitcoin, we hardly knew ye. In a previous … Read more
Bitcoin is a ‘dicey investment’ — why one veteran gold analyst predicts it could burn a lot of investors: There are dangers lurking in the cryptocurrency market that could burn a lot of investors, according to Michael Dudas, a veteran gold analyst. Dudas, a partner at Vertical Research, refers to the emerging asset class as … Read more