Interesting charts: Over 50 hedge funds attracting investors who want to go long bitcoin and the rest. Helps explain why the prices are going up even as there is no intrinsic or conversion value whatsoever, which, presuming that to be the case, also means that at some point the mania ends and the price goes all the way back to 0: Hedge funds are cashing in on bitcoin mania — there are now 50 dedicated to cryptocurrencies Digital currencies, such as Bitcoin, are powered by distributed ledger technology and are not controlled by a centralized authority. The market for such currencies has exploded with over 800 coins on the market with a combined marketcap of 6 billion. Autonomous NEXT, a fintech analytics firm, released a list of 55 cryptocurrency hedge funds on
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
Eric Kramer writes An economic analysis of presidential immunity
Angry Bear writes Protesting Now and in the Sixties and Seventies
Lars Pålsson Syll writes The non-existence of economic laws
John Quiggin writes The war to end war, still going on
Interesting charts:
Over 50 hedge funds attracting investors who want to go long bitcoin and the rest. Helps explain why the prices are going up even as there is no intrinsic or conversion value whatsoever, which, presuming that to be the case, also means that at some point the mania ends and the price goes all the way back to 0:
Hedge funds are cashing in on bitcoin mania — there are now 50 dedicated to cryptocurrencies
Digital currencies, such as Bitcoin, are powered by distributed ledger technology and are not controlled by a centralized authority. The market for such currencies has exploded with over 800 coins on the market with a combined marketcap of $166 billion.Autonomous NEXT, a fintech analytics firm, released a list of 55 cryptocurrency hedge funds on Tuesday, illustrating the mounting interest in the space.
Protecting their investors…
;)
Bitcoin price drops $200 after new ruling from Chinese regulators
Another interesting chart:
Still no pick up in site: