Fidelity Executive Comments on the U.S. Treasury Department’s Latest Sensational Move Regarding Bitcoin’s Future

Jurrien Timmer, Global Macro Director at Fidelity Investments, said that the US Treasury Department’s increase in long-term bond buybacks and its focus on issuing short-term Treasury bills is putting pressure on the dollar while supporting Bitcoin and gold. Timmer pointed out that the dollar weakened last week after the US Treasury Department repurchased more long-term […]

Investors just moved $7 billion into Bitcoin and gold in five days to escape an accelerating dollar crisis

Gold and Bitcoin exchange-traded funds (ETFs) drew roughly $7 billion over five US trading sessions, a record combined haul that puts both assets at the center of a renewed investor push for protection against currency weakness and mounting fiscal pressure. About $3.4 billion of this capital went into SPDR Gold Shares (GLD) while BlackRock’s iShares […]

Samson Mow: Why ‘Bitcoin Signing Device’ Is a Better Term Than ‘Hardware Wallet’

JAN3 CEO Samson Mow has sparked a fresh debate over cryptocurrency terminology, arguing that the industry should replace the term “hardware wallet” with “Bitcoin Signing Device.” Mow, a well-known Bitcoin advocate, contends that the common label misrepresents what these devices actually do and leads to confusion about how Bitcoin ownership works. The case for renaming […]

Bitcoin hits resistance with $2.9B in longs at risk below $68,000

Bitcoin has rallied approximately 40% from its July low near $57,800, renewing expectations that the cryptocurrency may have established a market bottom after several months of consolidation. $BTC was trading near $80,200 on Aug. 27. However, the recovery has brought the cryptocurrency back into a major resistance zone that previously preceded a sharp sell-off. Technical […]