1 Followers
Yesterday’s sharp gold selloff coincided with a strong intra-day bounce in Bitcoin. This was presumably a ‘sell gold, buy Bitcoin’ flow. Medium-term I expect more of this, and further such evidence would be constructive for a Bitcoin low being formed
President Trump exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency
The key is that the very same token, issued via the same smart contract, can change its obligor and its regulatory status as it moves through its life cycle without redeeming or converting the token
When it comes to crypto investing, such an attitude could translate into a “readiness to engage with new and unconventional assets