What to expect from the financial markets in 2021? February 12, 2021 Among the many twists and turns of 2020, the behaviour of the financial markets stands out as particularly fascinating and bewildering. The discrepancy observed between the state of the underlying economy and the performance of stocks and other investment assets surprised even the more seasoned observer, as the underlying economy struggled through an unparalleled peace-time [...]
MasterCard plans to follow PayPal with crypto receipts for merchants, Cardano launching Native Tokens February 11, 2021 Crypto at a Glance The markets slowed yesterday, with Bitcoin and Ethereum both seeing small retraces after hitting new all-time highs earlier in the week. The rumour mill continues to grind though, with new reports quoting a ‘source familiar matter’ that MasterCard is planning to give merchants the option to receive payments in cryptocurrency later [...]
Bitcoin + Gold = BOLD February 11, 2021 Tesla announced that they had invested $1.5bn in bitcoin and the price duly surged. Markets are more efficient than many believe, and in recent months, the bitcoin price has responded positively to known investment flows more than anything else. Back in the day, Bitcoin would spike on news that a coffee shop accepted payment in [...]
Musk’s mischief sends shockwaves through crypto markets February 10, 2021 Elon Musk has disrupted the cryptocurrency world yet again with Doge tweet
All-time high bonanza for cryptocurrency February 10, 2021 Crypto at a Glance The markets continue to bathe in the glow of Tesla’s warm embrace, with Bitcoin hitting yet another (yawn) new all-time yesterday of over $48,000. It’s still not quite $50,000, but it will do for now. It’s green across the board today, with new all-time highs for Aave and Polkadot yesterday. Cardano [...]
Cash is still king for the majority of UK investors February 9, 2021 Cautious Brits have continued to pile money into cash savings even as interest rates remain at record lows. Some 70 per cent of Brits have put their money into cash savings with a further 38 per cent putting more in over the next year, according to research commissioned by broker HYCM. It comes even after [...]
This is just the beginning of the crypto revolution February 9, 2021 Cryptocurrency has been in the news on an almost daily basis over the last few weeks – bitcoin’s volatility throughout January has been well-documented, most recently the notable surge in value that followed Elon Musk changing his Twitter bio to read #bitcoin. Elsewhere, Ray Dalio, founder and chief investment officer of Bridgewater Associates’ referred to [...]
Elon’s Tesla play sends Bitcoin ballistic like one of his SpaceX Falcon 9 Rockets! February 9, 2021 Crypto at a Glance Well, the inevitable indeed happened. After week’s of batted eyelashes, flirty texts, and pumping Doge, Elon Musk finally put up and put out. Musk has boarded the big bus to bitcoin city, population 21 million AND NEVER ANY MORE THAN THAT. via GIPHY That’s right, Elon Musk’s car firm Tesla yesterday [...]
Bitcoin pushes past $48,000 to new record high February 9, 2021 Bitcoin is extending its gain this morning, hitting a new record high of $48,216 during late afternoon trading in Asia. The cryptocurrency was driven to fresh record highs overnight – it traded above $47,000 late last night UK time – on the news that Elon Musk’s Tesla bought $1.5bn worth of the cryptocurrency. In the [...]
Before the Bell: Bitcoin goes through the roof as positive investor sentiment persists February 9, 2021 Bitcoin was driven to fresh record highs overnight – it traded above $47,000 – on the news that Tesla bought $1.5bn worth of the cryptocurrency. In the same announcement, the electric vehicle manufacturer revealed that it intends to accept the digital currency as a method of payment too. “One of the criticisms of Bitcoin is [...]