Experts explain what ‘Big Short’ Michael Burry’s stock exit means for crypto

Michael Burry, the investor who famously shorted the 2008 housing bubble, has dumped nearly all the stocks in his portfolio during Q2, suggesting there may be carnage ahead for stock and crypto markets. According to a 13F disclosure filed with the Securities and Exchange Commission (SEC) on Aug. 15, Burry’s hedge fund Scion Asset Management […]

‘Bullish rate hike’ — Why crypto spiked today in the face of bad news

Crypto markets have been pumping since the announcement of a 75 basis point interest rate hike in the United States, with experts explaining that the markets may have been initially bracing for much worse. On July 27, price of Bitcoin (BTC) surged around 8% to the mid $22,500 mark following the Federal Open Markets Committee […]

It's Mati Greenspan versus the Maxis at ‘Shitshow’ 2021

The Miami Bitcoin 2021 conference officially kicks off on June 4 and with it has resurfaced controversy over crypto tribalism involving some of the industry’s leading figures. Organizers expect attendance exceeding 50,000 for the Mana Wynwood Convention Center hosted conference. Among the attendees in Miami this year is the founder of Quantum Economics and a […]

Mati Greenspan warns SEC's latest action could threaten future of all cryptocurrencies

Quantum Economics founder Mati Greenspan has warned the SEC’s latest action against decentralized content platform LBRY could threaten the future of all cryptocurrencies. According to the complaint filed by the SEC on March 29, LBRY is alleged to have offered and sold millions worth of unregistered securities through LBRY Credit tokens since 2016. The company […]

Crypto sentiment falls even as Bloomberg tips Bitcoin will hit $400K

Analytics company Santiment reports that cryptocurrency sentiment has fallen to near-record low levels for 2021 — even as some experts are doubling down on $400,000 Bitcoin’s price target. Sentiment nosedived following Bitcoin’s drop below $60,000 to its current price of $56,300 and Ethereum’s dip under $2,000 this week, according to Santiment. Ether is currently trading […]

EToro warns users it's running out of crypto to trade due to 'unprecedented demand'

Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend.” As a result, the platform is warning of “possible limitations […]

Bitcoin rally is 'just getting started' says Mati Greenspan

In a newsletter released today, the Quantum Economics founder said Bitcoin’s recent rally past $23,000 — a gain of roughly 29% in a week — didn’t necessarily mean the market was “overheating” and heading for a crash like the one in December 2017. “In our opinion, things are just getting started,” said Greenspan. “We probably […]