Tag: crypto

Opinion: What Ben Bernanke and other bitcoin skeptics get wrong about crypto – even after this latest crash

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Ben Bernanke, former chairman of the Federal Reserve, has been a vocal skeptic on bitcoin BTCUSD, + 0.08%. He stated that the cryptocurrency has no underlying value and cannot act as a store of value, which renders it not credible as a currency. “If bitcoin were a substitute for fiat money, you could use bitcoin…

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Opinion: ‘Liquidation panic’ has taken over the stock, bond and crypto markets – and this may be the beginning of the end

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The US stock market is experiencing a liquidation panic where everything is getting sold. The good news is such panics usually don’t last long. Analysis from Rob Hanna of Quantifiable Edges suggests a rare Inverse Zweig Breadth Thrust (ZBT). Although the sample size is small (n = 10 since 1926), the bearish implications of the…

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Investment