French Hill: We want to make sure that America is the place for blockchain innovation
U.S. Representative French Hill, who is in charge of the newly formed Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, has promised to make the United States the place where fintech and blockchain innovations happen. Hill said in an interview on CNBC’s Squawk Box that the subcommittee’s main goal will be to push for better crypto regulations.
“We want to make sure that America is the place for innovat…
Mike McGlone: Crypto will rise again in 2023
Mike McGlone, a Bloomberg commodities strategist, believes that the cryptocurrency market will rise again in 2023. In a new analysis, McGlone notes that the value of the cryptocurrency market declined by $1.3 trillion in 2022, as of early December, which is roughly equivalent to the combined decline in market capitalization of Amazon and Google.
According to McGlone, this decline shows that the cryptocurrency market is still in its early s…
Kevin O’Leary: Idiot managers always get wiped out and that’s okay
Bitcoin is held mainly by individuals, some family offices, and some hedge funds, but in the context of what can be a nothingburger.
Is Bitcoin a hedge against inflation?
So far it has not worked despite the absence of regulation, as it is not being indexed. It may be a chicken and egg conundrum, and may be more valuable than gold. However, institutions are allowed to own gold, and they own up to five percent of allocations or ETFs that…
Changpeng Zhao: looking at possibly owning banks
During an interview done by the Bloomberg team at the Web Summit conference in Lisbon, Zhao said that he is willing to make minority investments or pursue outright acquisitions in order to reach the previously stated objective.
Changpeng Zhao, CEO and founder of Binance, said that he is contemplating purchasing banks in an effort to further bridge the gap between conventional banking and cryptocurrency.
“There are individuals who posses…
Robert Kiyosaki: The true inflation will be 16%
Robert Kiyosaki, author of Rich Dad, Poor Dad, and an influential figure in personal finance, predicts that the U.S. economy will continue to suffer and has recommended his followers invest in Bitcoin once again.
The United States economy has experienced a recession in several instances due to a number of circumstances, including bad government policies. In light of this, Kiyosaki has advised investors to abandon fiat currencies in favor o…
Raoul Pal: I bought cryptocurrency lately
Raoul Pal, an investor, entrepreneur, and former sales executive for Goldman Sachs in Europe, said that he is now amassing a significant amount of cryptocurrency reserves in anticipation of a worldwide economic slump.
The economy may decline
During an interview done by the Twitter account Real Vision, Pal gave his opinions on the current macroeconomic scenario, elaborating on the importance of both the stock market and cryptocurrencies …
David Rubenstein: Crypto constituency is strong in Congress
David Rubenstein, a billionaire and co-founder of the Carlyle Group, is one of the very rich people who have come out in support of digital currencies. He has publicly proclaimed his support for cryptocurrency in an interview with CNBC.
The wealthy investor said, among other things, that “the greatest riches are amassed by those who disregard common thinking.”
He also expressed optimism over bitcoin regulation, stating his belief that U…
Mark Cuban: “I’m a fan of the merge”
Ethereum is the second biggest cryptocurrency by market value, and “Shark Tank” star Mark Cuban just told Fortune that he is still “very optimistic” about it.
Mark Cuban, a billionaire investor, is among those who favor the “merge” of Ethereum, a long-awaited improvement to the blockchain that would greatly lessen its negative impact on the environment.
When the merging upgrade is live, in less than a month, Ethereum’s power usage will …