Ark Invest CEO Cathie Wood mentioned on CNBC Squawk Box that the US is already in a recession. She believes the major culprit are inventories, which she says have never been as large as they currently are throughout her 45 year career.
Bridgewater hedge fund founder and billionaire investor Ray Dalio is concerned about the effects of persistently high inflation and rising interest rates saying that this could drive the economy to stagflation – which is a period of persistent inflation, reduced economic output and increased joblessness.
Eighteen months ago Tesla purchased $1.5 billion worth of bitcoin, this move sparked a bullish run and was followed by an astonishing announcement by the firm that customers could now pay for its vehicles with bitcoin. But this decision did not last long with Musk citing ‘climate concerns’ as the rea
Edward Dowd, former Managing Director at BlackRock, referred to Bitcoin as “the Amazon of the crypto era,” which would eventually surpass gold. Bitcoin’s gold narrative is well-known and comes from the fact that it possesses many of the cam characteristics that gold does, just in digital
Michael Burry of Scion Asset Management, who is popular for his profitable bets against the mid-2000s housing bubble, in a now deleted tweet pointed out factors that he believed would in the long run hike up inflation.
Bitcoin continued its revival which began late Sunday. Bitcoin was recently trading at about $22,896, up more than 9% over the past 24 hours. The largest cryptocurrency by market capitalization was chopping in a tight range between $18,000-$22,000 but recently broke out and pushed through the $22,000 resistance.
In a recent article, Lyn Alden gave her perspective on why when it comes to energy, how long prices stay high is more important than how high prices go. Using EOG’s Free Cash Flow over the last two decades, she highlighted how the energy industry, as of recently, is acting more rationall
In today’s Bitcoin price roundup: Bitcoin rallies but faces resistances at $22,000. The difference between the 2018 bear market and 2022. Merge hopes push the Ethereum price to $1.5K, resulting in double digit gains. The battle between the bulls and bears continues.