Tag: Macro

Bitcoin returns to test $40K as macro factors pile up to squash BTC bulls

[ad_1] Bitcoin (BTC) bended to new macro pressures on March 4 after bulls failed to hold $42,000 for long. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Europe stocks sink on Friday open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching lows of $40,800 on Bitstamp Friday after a major options expiry event. Overnight performance, initially showing a recovery, had been stymied by worries over a nuclear power plant fire in Ukraine. Stocks futures fell on the news, the severity of which was subsequently questioned. In Germany, the DAX index…

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The Macro Case For Investing In Bitcoin

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[ad_1] Note: This article does not constitute financial advice. Like many, when I first heard of bitcoin, my reaction was “Why would anyone invest real cash in magic internet money?” It was worth zero — backed by nothing. And, like a fool, I was keen to point this out to anyone who would listen. But still, I was curious what the buzz was about, so I continued to keep an eye on it until, in 2015, I had a mental breakthrough. I was listening to a podcast when Wences Casares…

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