In our previous analysis, we discussed one primary reason that Bitcoin will make a good long-term investment as the price is likely to go up and stabilize once institutions gain SEC-regulated access. Fidelity and the NYSE-founded Bakkt are two examples of platforms that will influence the first phase of bitcoin’s broader adoption. These two platforms have not yet launched, but a new supply-and-demand dynamic will occur when institutional investors can access cryptocurrencies.
The next phase for Bitcoin stability and price support will hinge on the eroding trust in fiat currencies – both globally and also from younger generations who are digital natives with good reason to seek alternatives outside of the fiat system.
Global Unrest Sees Bitcoin as Alternative to Fiat Currency
Economists have discussed the effects of going off the gold standard during Nixon’s presidency ad nauseum, yet this has been a futile conversation in the past as there
If 2020 had to be summed up in three words, “cone of uncertainty” might not be a bad choice. Here in New Orleans the meteorology term has become all too familiar, and it’s stressing people the hell out.
Hurricane Delta marks the sixth storm this hurricane season to have New Orleans fall in the cone of uncertainty, in other words within the storm’s possible projected path when it hits landfall. It’s gotten to the point where residents are asking, “Really? Again?”
(Reuters) – Investors are gauging how a potential deterioration in President Donald Trump’s health could impact asset prices in coming weeks, as the U.S. leader remains hospitalized after being diagnosed with COVID-19.
So far, markets have been comparatively sanguine: hopes of a breakthrough in talks among U.S. lawmakers on another stimulus package took the edge off a stock market selloff on Friday, with the S&P 500 losing less than 1% and so-called safe-haven assets seeing
Remember the old Road Runner cartoons where Wile E. Coyote runs over a cliff chasing the Road Runner then hangs in midair for a couple of seconds before plummeting? Right now, the tech market reminds me of that cartoon.
Recent tech vendor earnings and other data suggest the pandemic recession’s damage to the US tech market was not that bad and perhaps improving. For example, in August, Salesforce reported a 29% increase in its quarterly revenues ending in July compared with the same quarter a year ago, and Workday announced a 20% increase in revenues over the same period. In September, Oracle reported that its Fusion and NetSuite ERP subscription revenues in the quarter ending August 2020 were 33% and 25% higher, respectively, than a year ago (though total cloud software services and license support revenues only went up 2%, in line with growth rates over the past year). Adobe’s
News last week that China might release a blacklist of U.S. companies sparked speculation about which companies might be on the list, and the impact of such a list on technology and geopolitics.
Beijing’s potential release of the blacklist is widely seen as a retaliatory response to U.S. moves to restrict Chinese companies, including Huawei Technologies Co. and ByteDance Ltd.’s video-sharing app TikTok.
A federal judge Sunday blocked the Trump administration from banning the popular app amid a pending restructuring deal that includes
Huawei, following a series of restrictions including placement on a U.S. trade blacklist, recently has been racing to develop its own operating system in the absence of U.S.-origin technology.
It’s unclear who is on the Chinese blacklist, but observers said it could include businesses that compete directly with Chinese companies. Some believe the list could span beyond technology companies.
Apple’s upcoming launch of 5G iPhones might not be a “massive event” due to economic uncertainty amid the global health crisis, AT&T Communications CEO Jeff McElfresh said in a paywalled interview published by CNBC.
“I do believe that you will see many of the iPhone subscribers move to upgrade to the device,” said McElfresh. “But I wouldn’t forecast that it’s going to be a massive event. I also don’t think it’s going to be a nonevent. I think customers, based on the pressures of the economy that we’re all facing today, will make a calculated decision as to what they want to do. And we’re going to be there to offer them any device that Apple launches here shortly.”
McElfresh added that AT&T already has engineers working on next-generation 6G networking, noting that it will take years before the technology fully materializes. No further details were shared about these