Bitcoin and cryptocurrency market chaos this week has caused panic among investors who have been nervously waiting for a sudden move for months. As bitcoin technical data looks bleak and bitcoin bulls advise traders to "buy bitcoin at every chance" they get, the market looks as confused as ever.
Quantum supremacy is what Google quietly announced they have accomplished last week. But what does this have to do with Bitcoin (BTC), cryptocurrencies, and blockchain technologies?
Ripple's XRP has not strayed far from controversy recently, with the company currently embroiled in a row that's seen disgruntled investors accuse it of selling unregistered securities.
Bitcoin and cryptocurrency regulation has been pushed into the limelight over recent weeks, thanks to social media giant Facebook's high profile plans to launch its own potential rival to bitcoin sometime next year.
Bitcoin has been stuck in the doldrums for much of 2018, but that doesn't mean every market participant is heading to the poor house. In fact, crypto exchanges are set to rake in twice as much money as last year even though bitcoin is down a whopping 51 percent.
Tax Day is hanging over U.S. investors, and it's one reason behind bitcoin's latest sell-off, according to an investor letter penned by Pantera Capital, a crypto hedge fund based in California.
Peter Thiel has once again endorsed bitcoin, which he recently argued is tantamount to digital gold. And much like gold, the billionaire co-founder of PayPal conjectures that the cryptocurrency is destined to be a store of value rather than a means of payment.
When a new “investment” comes along, investors are often too busy counting their anticipated bounty to care about cost. Shrewd purveyors predictably seize the opportunity to charge excessive fees. But reality inevitably falls short of investors’ expectations, and the focus eventually turns to how much they’re paying to invest.
Isabelle Mateos Y Lago, global chief multi-asset strategist at BlackRock Investment Institute, says Bitcoin isn't investable "at this stage." She discusses the many issues that are associated with bitcoin and why they're still keeping a close eye on it.