Archive: Bitcoin
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PayPal Censorship Highlights Bitcoin’s Importance
By Adam Sharp on August 6, 2021
When I talk about bitcoin, I usually focus on its importance as independent, scarce money. And how it’s a hedge against inflation. What I don’t talk about enough is the importance of bitcoin’s uncensorable nature — the fact that no one can block a bitcoin transaction from going through. This was famously demonstrated when WikiLeaks started accepting bitcoin donations back in June…
Crypto Market Rallies, Bitcoin Still on Top
By Adam Sharp on July 30, 2021
It’s been very encouraging to watch the crypto rally this week. Bitcoin has led the way over the past week, rising 20% from the beginning of the week to Friday. Most altcoins are up anywhere from 5% to 15% over the same time period. …
Gold and Bitcoin Are Critical Inflation Hedges
By Adam Sharp on July 30, 2021
The entire U.S. stock market is currently valued at around $53.9 trillion. That’s all the companies on the NYSE, Nasdaq and OTC markets combined. During the 2008 global financial crisis, the whole stock market was valued at just $11.4…
Why We Need Crypto Bears
By Adam Sharp on July 23, 2021
Lately I’ve been watching a crypto YouTube Channel called UpOnly. It’s run by two experienced crypto traders, Ledger and Cobie. In April, they hosted a show titled Big Brain Crypto Club. It…
A New Decade of Inflation
By Adam Sharp on July 16, 2021
Bitcoin continues to trade in a pretty tight range between $30,000 and $35,000. There’s a possibility that it could drop to the $20,000 range, but I don’t see it going much lower than that. Of course, anything can happen with crypto. Regardless, I remain certain that…
This Billionaire Makes a Compelling Case for Bitcoin
By Adam Sharp on July 2, 2021
Over the past few years, several notable traditional investors have come out in support of bitcoin, including Ray Dalio, Carl Icahn and Bill Miller. But the most recent addition really caught my eye. Ricardo Salinas Pliego is a Mexican billionaire. The founder of Banco Azteca, Pliego…
Market Correction Doesn’t Mean Crypto’s Bull Run Is Over
By Adam Sharp on June 25, 2021
Wow! What a crazy few weeks. This correction has been brutal. But I remain convinced that we are still in a long-term bull market uptrend. Let me explain why. Take a look at this chart on Twitter.
Ignore Elon Musk, the World’s Biggest Crypto Troll
By Adam Sharp on June 17, 2021
Every time Elon Musk tweets about bitcoin and its price moves, I cringe. Why? WHY? There are much bigger issues we should be watching. But for some reason everyone focuses on Mr. Musk. Don’t get me wrong,…
Bitcoin 2021: Leverage, Volatility and Other Takeaways
By Adam Sharp on June 11, 2021
Last week I traveled to Miami to attend Bitcoin 2021, the world’s largest crypto conference. Around 12,000 people attended this year. It was an amazing experience. I met fascinating people, learned a ton and discovered many innovative companies doing good work.
Crypto Regulation Shows Mainstream Acceptance
By Adam Sharp on May 21, 2021
What an absolutely insane few weeks in crypto it’s been. All the Elon Musk drama, the Tether reserve breakdown and now there are further signs of government regulation. Today I’m going to look at the regulatory…
Crypto Crash Isn’t Elon Musk’s Fault
By Vin Narayanan on May 20, 2021
One of these days, we’ll dig into my complicated feelings about Elon Musk. They were complicated before Tesla bought bitcoin, started accepting bitcoin as a payment method, stopped accepting bitcoin as a payment method and Musk hopped aboard the crazy dogecoin train. (Say it…
Dogecoin Is Meant to be a Joke
By Adam Sharp on May 14, 2021
In the summer of 2014, I met dogecoin co-founder Jackson Palmer in San Francisco during a tech conference. Jackson was instantly likeable, and we happened to know some of the same people at the conference. We hung out that night, and he gave me some insight…
Prepare Your Portfolio for Inflation Now
By Adam Sharp on May 14, 2021
If you haven’t heard yet, Warren Buffett is sounding the alarm on inflation. All of a sudden it’s become a widely discussed topic. The general public is waking up to the fact that prices are rising rapidly. For most people, this…
How to Develop a Strategy for Ethereum
By Vin Narayanan on May 13, 2021
Ethereum (ETH) is killing it. That’s the only way to describe this current run that the second-largest cryptocurrency is on. On Wednesday, its price hit an all-time high of $4358.30 at 10:30 a.m. ET according to CoinMarketCap. A year ago, ethereum was trading for $197.59. That’s…
Four Assets to Hedge Against Inflation
By Adam Sharp on April 30, 2021
In April 2019, Bloomberg Businessweek magazine’s cover story asked “Is Inflation Dead?” The subtitle accompanying it was “Did Capitalism Kill Inflation?” I recall thinking at the time that this story was probably a contrarian indicator. It reminded me that nearly everyone in the financial world was…
Crypto Correction is Healthy
By Adam Sharp on April 23, 2021
Bitcoin and the broader crypto markets are pulling back. Bitcoin slipped below $50,000 today and is currently trading around $49,700. This is nothing to be concerned about. We’ve come an incredibly long way over the last 14 months. And pullbacks are healthy and to be expected.