Will cryptocurrencies be a ‘safe haven’ asset in a recession?

With the US Federal Reserve slashing interest rates for the first time since the financial crisis and the birth of Bitcoin, and other central banks around the world following suit, including New Zealand, India and Thailand, a good question is whether cryptocurrencies will be a ‘safe haven’ asset in the event of an economic downturn.   Global economic instability appears to be intensifying after central banks around the world recently slashed interest rates, and the US-China trade war escalating after the devaluation of the yuan. With all of these events…

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Tether Used Reserves to Buy Bitcoin not a complete surprise comments Matt Branton, CTO of Neutral

Tether has admitted to using asset reserves to invest in Bitcoin, meaning that it has not consistently maintained its 1:1 USD peg, strongly misleading its investors. This latest revelation to emerge in Bitfinex’s battle with the New York Attorney General’s office adds to the growing uncertainty, instability, and lack of transparency increasingly associated with Tether.   Matt Branton, CTO of Neutral and architect of Neutral Dollar, a next-generation stablecoin pegged to a basket of four live stablecoins for increased stability, liquidity, and transparency, has weighed in on the matter.  …

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BITCOIN PRICE PREDICTION VIDEO – Why John McAfee’s $1 million Bitcoin Price Prediction is completely REALISTIC

John McAfee, entrepreneur and cybersecurity entrepreneur, continues to stand by his $1 million Bitcoin (BTC) price prediction by 2020.   McAfee is optimistic about his prediction – take a look at the McAfee Dick Line here     In an interview with Cointelegraph, he said:- It’s very simple, I’m a mathematician. As you run the numbers, the number of people using Bitcoin and the number of transactions, it’s escalating tremendously. That’s the true value… The true value is going to eventually be based upon usage and if you track the usage curve,…

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