Stocks didn’t crash for a reason so simple it can be easily overlooked by market newbies: the role of expectations. The professional traders who dominate equity markets are not, by and large, frantically trading in response to CPI numbers the morning they’re released. Instead, they’ve been trying to predict the CPI numbers for weeks and trading on those projections ahead of the … [Read more...] about Bitcoin, Inflation and the Expectations Game
Expectations
DeFi 2.0 poised to defy expectations this summer
Before the summer of 2020, DeFi was hardly on anyone’s radar. This was understandable given its under-one-billion-dollar TVL at the time, which represents a market cap that even a meme coin could surpass in a matter of months. Since then, from May 2020 to May 2021, an entirely new financial infrastructure has been created, boasting spectacular growth at over 7,250%.Source: … [Read more...] about DeFi 2.0 poised to defy expectations this summer
Demand for PayPal’s crypto offering exceeded all expectations, CEO says
The demand for cryptocurrency exceeded PayPal’s initial expectations after the firm launched crypto trading in late 2020, according to the company’s CEO.“Demand on the crypto side has been multiple-fold to what we initially expected. There’s a lot of excitement,” PayPal president and CEO Dan Schulman said in a Sunday interview with Time magazine.Schulman said that existing … [Read more...] about Demand for PayPal’s crypto offering exceeded all expectations, CEO says
Watershed moment? Bitcoin price exceeded all expectations in February
In hindsight, February can be viewed as a watershed moment in the history of Bitcoin. The entire month could be looked back upon by market specialists and economists, as the markets saw an enormous surge before correcting themselves later in the month.The flagship cryptocurrency asset, Bitcoin (BTC), hit its all-time high of $58,352 on Feb. 21 while finally breaking the $1 … [Read more...] about Watershed moment? Bitcoin price exceeded all expectations in February