By Jordan Lyanchev Ray Dalio, once one of the most prominent crypto critics, has made a new case for owning gold and bitcoin as he believes the United States is approaching a dangerous point in its debt cycle. The founder of Bridgewater Associates noted that investors should reduce their exposure to bonds, allocate 10%-15% of […]
Tag: CNBC
By Wayne Jones Analyst Crypto Patel says Bitcoin has followed the exact same cycle three times in a row, and he is betting the current downturn sets up another run worth ten times the cryptocurrency’s price from here. The call, posted Wednesday, arrives as Bitcoin sits at around $65,000, down almost half from its October […]
By Chayanika Deka Bitcoin posted a modest recovery on Wednesday, which helped it climb above $64,000. The cryptocurrency is still almost 50% down from its all-time high, but VanEck’s latest analysis revealed that 8 of 12 tracked signals in its “Bitcoin Capitulation Check” are now firing. This suggests that the market may be nearing the […]