Peter Schiff: Gold pulling back below $2,100 has provided a catalyst for $Bitcoin(BTC.CC$ to spike near $41K. This could be Bitcoin's swan song. The speculative frenzy around spot Bitcoin ETFs will end soon. Bitcoin's collapse will be more spectacular than its rally. In contrast gold's rally is real.
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$Bitcoin(BTC.CC$ has broken above $40,000 for the first time this year as it rides a wave of momentum on broad enthusiasm about U.S. interest rate cuts and as traders anticipate the imminent approval of U.S.-stockmarket traded bitcoin funds.
"We'll see if it sticks throughout the day, but bitcoin loves a break of big psychological levels, so it excites the bit-bugs again and adds to this momentum," said Capital.com analyst Kyle Rodda.
For the year, bi...
"We'll see if it sticks throughout the day, but bitcoin loves a break of big psychological levels, so it excites the bit-bugs again and adds to this momentum," said Capital.com analyst Kyle Rodda.
For the year, bi...
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$Apple(AAPL.US$ $Goldman Sachs(GS.US$ $JPMorgan(JPM.US$
Apple and Goldman Sachs "Parting Ways"
The credit card collaboration between Apple and Goldman Sachs is on the verge of concluding, with Mark Gurman suggesting that JPMorgan Chase could emerge as an ideal new partner. Despite the initial success of their collaboration, internal engineering issues and external complaints have sign...
Apple and Goldman Sachs "Parting Ways"
The credit card collaboration between Apple and Goldman Sachs is on the verge of concluding, with Mark Gurman suggesting that JPMorgan Chase could emerge as an ideal new partner. Despite the initial success of their collaboration, internal engineering issues and external complaints have sign...
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$Meta Platforms(META.US$ stock has seen a more-than 170% this year. With a focus on social media profitability and AI integration, this stock has gained momentum. Consumers and investors responded positively to the company’s introduction of the Quest 3 VR headset, generative AI chatbots, and updated Ray-Ban smart glasses.
The company reported strong results and has done so in past quarters. In Q3, Meta reported a robust 23% revenue growth, m...
The company reported strong results and has done so in past quarters. In Q3, Meta reported a robust 23% revenue growth, m...
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The numbers around 2023 are going to look a bit less, but an expansion would be seen coming in the next few years.
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$
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$Amazon(AMZN.US$ is investing millions of dollars to train an ambitious large-scale language model (LLM) that it hopes will rival top artificial intelligence (AI) models from OpenAI and $Alphabet-A(GOOGL.US$ , people familiar with the matter said. The model, called Olympus, has 2 trillion parameters, which could make it one of the largest models being trained, people familiar with the matter said. By comparison, OpenAI'...
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So there's plenty of people selling now, hoping to buy back 10-20% lower.
Then there's also a decent consensus that a $Bitcoin(BTC.CC$ Spot ETF will be approved in Q1 2024 and that it will send BTC to $40K+.
Somewhere the risk/reward for that trade doesn't make sense to me.
Then there's also a decent consensus that a $Bitcoin(BTC.CC$ Spot ETF will be approved in Q1 2024 and that it will send BTC to $40K+.
Somewhere the risk/reward for that trade doesn't make sense to me.
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$Bitcoin(BTC.CC$ US Congressman Calls to Fire SEC Chair Gary Gensler following Grayscale's win against the SEC.
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$Bitcoin(BTC.CC$ chalked out a vigorous rally on Tuesday after a U.S. court ruled that the Securities and Exchange Commission (SEC) was wrong in denying crypto asset manager Grayscale's request to convert its bitcoin trust into an exchange-traded fund (ETF), asserting that the decision was "arbitrary and capricious."
Ahead of the pivotal ruling nearly 30,000 BTC, worth $822 million at the current market price of $27,4...
Ahead of the pivotal ruling nearly 30,000 BTC, worth $822 million at the current market price of $27,4...
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