asset allocation

Coinbase‌ ‌to‌ ‌Offer‌‌ ‌Bitcoin-Backed‌‌ ‌‌Loans‌‌ ‌to‌ ‌US‌ ‌Customers | Bitcoin News Summary Aug 17, 2020

 Coinbase will allow U.S. retail customers to borrow fiat loans against as much as 30% of their bitcoin holdings. One of the largest and most regulated crypto exchanges is capping credit lines at $20,000 per customer and offering an interest rate of 8% for bitcoin-backed loans with terms of one year or less. Yam, a DeFi token, suffered a fatal Code flaw which saw about $750,000 worth of tokens get locked up permanently and irretrievably. The project launched on Tuesday and had already accumulated over half a billion Dollars

Bitcoin Is Better Than Gold Right Now: Galaxy Digital’s Mike Novogratz

Eyes are starting to fall on both Bitcoin and gold as money printing continues. Case in point: It was revealed that Warren Buffett through Berkshire Hathaway sold many bank stocks while acquiring Barrick Gold shares. There is a debate in certain circles over what investment is better in the current macroeconomic environment, gold or BTC? According to Mike Novogratz, Bitcoin is likely better than the precious metal. This is a sentiment that has also been said by players like Raoul Pal, a former Goldman Sachs partner. Bitcoin Is Better Than

Wall Street Veteran Explains Why He’s “Irresponsibly” Long on Bitcoin

Bitcoin has gained steam over recent weeks, hitting $12,200 last weekend as buyers rushed in. Analysts say that the cryptocurrency market has room to move higher due to technicals. But from a fundamental standpoint, some argue that BTC is more bullish than ever before. Raoul Pal, the CEO of Real Vision and a Wall Street veteran, recently touched on this. He told his Twitter following on August 6th that he’s “irresponsibly long” on Bitcoin due to the fundamentals. This Ex-Goldman Sachs Exec Is “Irresponsibly” Long on Bitcoin For This Reason