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Bloomberg Terminal Adds Cardano Amid Talks Gray Scale Trust Setup A Cardano Skeleton Fund

Bloomberg Terminal has added Cardano (ADA) to its list of supported assets, exposing it to hundreds of thousands of institutional investors amid rumors that Grayscale Trust is about to add Cardano to its investment portfolio. Grayscale Trust an asset manager that currently holds the most Bitcoin, recently, filed and announced its exploration of at least… Read More

Bloomberg Article Falsely States That Bitcoin Is “Dirty Energy” Using Flawed Data Coinshares Debunks Them

Bloomberg published a narrative that has continued to be debunked for a long time that mining Bitcoin is bad for the environment due to its use of energy, and Coinshares quickly swung back debunking the argument. “The Bitcoin algorithm demands increasing amounts of computational power to validate transactions. If it were a country, its annualized… Read More

Goldman Sachs Says Bitcoin Is A “Retail Inflation Hedge With No Threat To Gold” Compares To Copper

Goldman Sachs’ head of commodities research Jeff Currie has stated that Bitcoin is “the retail inflation hedge” calling it not digital gold but comparing the number one digital asset to copper. Currie added, that  gold and Bitcoin can co-exist and does “not see bitcoin’s rising popularity as an existential threat to gold’s status as the… Read More

Institutional BIG Money Bets on Bitcoin And Ethereum For 2021 And Beyond

CME Group will begin the process to list an Ethereum (ETH) futures product next year, the firm said in a post on its website on Wednesday. Meanwhile, a hedge fund has pledged to invest the largest amount thus far into cryptocurrency at $1 billion dollars. The Ethereum based futures product is coming to the market… Read More

Citigroup CEO Says The Bank Is Helping Governments Around The World Create CBDCs

Citigroup Chief Executive Michael Corbat stated in a Bloomberg interview that Citi Bank is helping governments “around the world” in creating fiat Central Bank Digital Currencies (CBDCs.) While speaking to David Rubenstein at a Bloomberg event, Corbat declared that CBDCs are “inevitable” for the future of money. Adding that, Citigroup, was in the process of… Read More

Gary Cohn Blunders Bitcoin Interview Showing Lack Of Knowledge Says It Could “Fail”

Former White House chief economic advisor Gary Cohn stated in an interview with Bloomberg that bitcoin “may fail” because it lacks “auditability.” Cohn is most famously known as the former president and chief operating officer of Goldman Sachs. Cohn left the firm in 2016 when  President Donald Trump nominated him to be chief economic advisor,… Read More

Bloomberg Report Predicts Bitcoin Will Be A Store of Value – Like Gold

According to Bloomberg’s 2020 crypto outlook report, which was published last week, analysts predict Bitcoin’s price could reclaim the highs of its 2019 range in 2020. A price target of $14,000 USD was suggested in the report.The factors that could drive Bitcoin higher are a weak US Dollar, stock market volatility, and rising geopolitical tensions…. Read More

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