By Emir Abyazov Bitcoin recovered to $92,000 after a dramatic drop to $80,000, with November 21 marking the biggest correction since reaching historical highs. This 15% weekly rebound aligned with a shift in Federal Reserve expectations, as the probability of a December rate cut climbed back to 70%. The renewed macro optimism formed the backdrop […]
Tag: Spain
By Emir Abyazov Key highlights: Spain considers a 47% crypto tax, raising fears of investor flight. Economists warn the plan could push capital out of the country. Competing nations offer low or zero crypto taxes, widening the gap. Spain has moved closer to placing its crypto investors under one of the harshest tax regimes in […]
By Emir Abyazov Bitcoin Forecasts and macroeconomic drivers BitMEX co-founder and Maelstrom investment director Arthur Hayes dismissed Bitcoin’s four-year cycle theory, predicting it will rise to $200,000 thanks to macro liquidity. Meanwhile, crypto skeptic Peter Schiff warned of the asset’s loss of momentum and gold’s relative advantage. BitMine CEO Tom Lee, by contrast, believes that […]