Bitcoin is a hedge in a deflationary cycle, said billionaire venture capitalist Chamath Palihapitiya in a Tuesday morning interview with CNBC. The Virgin Galactic chairman and Social Capital CEO commended the cryptocurrency for its lack of correlation with traditional markets. He further cited Paul Tudor Jones, a billionaire hedge fund manager, for taking a similar safe-haven call regarding Bitcoin. ‘Buy Bitcoin‘ is emerging as the mantra against the ongoing global financial crisis. The latest to […]

Ever since the COVID-19 pandemic started to grip the world’s economy three months ago, Bitcoin has been seemingly correlated to the S&P 500. Below is a chart of Bitcoin with the futures of the leading index (in blue). As can be seen, save for some slight deviations in the middle and right-hand side of the [...]

The post Prominent Billionaire Doubles Down: Bitcoin Is Still the Most Uncorrelated Asset appeared first on Blockonomi.

The crypto industry was pleased to learn that legendary macro investor Paul Tudor Jones believes that Bitcoin poses an attractive investment prospect. The comments regarding BTC came within an investment note regarding the current global economic outlook. He even went so far as to note that the cryptocurrency could be similar to gold in the […]

The post Paul Tudor Jones isn’t the only billionaire who thinks Bitcoin is like gold in the 1970s appeared first on CryptoSlate.

The Bitcoin block reward halving is nearly here. The event is happening in around 4 hours from now, meaning that BTC’s inflation rate will be cut in half from ~3.6% to ~1.8% — inflation lower than that of most fiat currencies and purportedly lower than that of gold. Data shows that as the halving has [...]

The post Bitcoin’s Fundamentals Are Stronger Than Ever as the Halving Arrives appeared first on Blockonomi.

The post Bitcoin News Summary – May 11, 2020 appeared first on 99 Bitcoins.

 Bitcoin’s price dropped by 15% on Sunday just 2 days before the block reward halving. The unexpected drop is likely to have caught many traders off guard and data shows that BitMEX hourly liquidations reached $226 million. Famous hedge fund manager, Paul Tudor Jones, whose fund has $7.8 billion under management, announced that he’s [...]

Google searches for “Bitcoin halving” have hit an all-time high, far exceeding the spike associated with the previous halving event by 350%.Searches for...