This Fourth of July, America’s 246th birthday happens to coincide with the heart of a social movement arguably just as powerful and transformative as that which built our nation and in turn transformed the world back in 1776. That social movement is completely unique and unlike any that came before it—it is the rise and development of Bitcoin’s legitimacy as a store of value and a financial instrument.
The idea of a free market ideology is being questioned as The White House ordered a “whole government approach” regulating activities towards the cryptocurrency market. Many U.S. crypto users believe that it will strengthen the financial market in general, and the digital economy in particular. Yet, others believe it puts a limit on technological advancement of the country.
The field of economics is undergoing a revolution, becoming more relevant, accurate, timely, and empirical by using technology to track everything, all the time. Our economics columnist explains how plentiful data is drastically changing the way policy is structured and decisions are made.
Recently, Ethereum (ETH), the second-largest cryptocurrency in terms of market capitalization, recorded an all-time high price of $4,840, surpassing the $4,800 mark for the first time ever. Other popular cryptocurrencies, such as Bitcoin and Litecoin, surged as well, extending their gains during what has been a bullish few months for the cryptocurrency market. In the following article, senior investing columnist Robert Liu takes a closer look at Ethereum and investigates the factors that have caused it to skyrocket.
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Although Bitcoin’s recent surge seems like deja-vu from its rampant increase in 2017, this time it may be here to stay. Discover why this is the case and how you become a part of this!
In light of recent massive spikes in cryptocurrency, many new investors have joined the fray with a “can’t lose” mentality. In actuality, having money invested in cryptocurrency right now is anything but a “can’t lose” situation.
In February, Tesla purchased 1.5 billion dollars worth of bitcoin for investment and diversification purposes. Subsequently, its stock price plummeted. Will this polarizing move benefit Tesla in the long-term? Only time will tell.