“If the Fed goes to 4 hikes next year, that is a big statement. That means either two things. First, they are hiking in March, which would be no gap between the end of QE and the first hike. Not impossible, but that is a big statement about intent,” John Turek, the author of the Cheap Convexity blog, said in a blogpost published on Dec. 29. “If they don’t go in March and want … [Read more...] about Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises
Probability
Bitcoin Technical Indicator Suggests Low Probability of ‘Santa Rally’
Bitcoin may not be able to build on the relief rally as it heads into the year-end, a key technical indicator that’s flipped bearish amid heightened macro risks indicates.“The weekly MACD is on a ‘sell’ signal for the first time since April, increasing risk into year end,” Katie Stockton, founder and managing partner of Fairlead Strategies, said in a weekly research note shared … [Read more...] about Bitcoin Technical Indicator Suggests Low Probability of ‘Santa Rally’
Ray Dalio says ‘good probability’ of a US Bitcoin ban
As the Bitcoin correction deepens, the fear, uncertainty, and doubt has returned, with billionaire hedge fund manager Ray Dalio adding a whole bunch more of it.In an interview with Yahoo Finance’s editor-in-chief on March 24, the founder of the $150 billion hedge fund Bridgewater Associates stated that there is a “good probability” that the U.S. government could ban Bitcoin … [Read more...] about Ray Dalio says ‘good probability’ of a US Bitcoin ban
Billionaire investor sees “good probability” of a Bitcoin ban
Billionaire investor and founder of Bridgewater Associates Ray Dalio warns that there’s a “good probability” that governments will move to ban Bitcoin.Bitcoin represents a threat to the monopoly of the supply of moneyThe end of 2020 saw Dalio blast Bitcoin on several fronts, including a view that it’s a poor medium of exchange and its high volatility diminishing the store of … [Read more...] about Billionaire investor sees “good probability” of a Bitcoin ban