Parabolic Bitcoin Headed for $30,000, Predicts Morgan Creek CEO

Parabolic Bitcoin Headed for $30,000, Predicts Morgan Creek CEO 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The bitcoin price is once again trading above the $12,000 level, and the current market cycle could take the price to a new all-time high. Morgan Creek Capital Management CEO Mark Yusko was featured on CNBC, where he emphasized that bitcoin is the best-performing asset since October 2018 by a long shot. “I think we’re in the next parabolic move. That will take us probably into the $30,000 level before we get another little correction.” He points out that the bitcoin price has soared 70 percent since October 2018, while…

Tesla's 'Turning Point' Matches the Hubris of Elon Musk

Tesla's 'Turning Point' Matches the Hubris of Elon Musk 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Controversial Tesla CEO Elon Musk has finally enjoyed a public relations victory to match his brazen and often caustic public persona. Tesla (TSLA) stock was at one point up more than seven percent during yesterday’s holiday-shortened trading session as the company set new delivery and production records. TSLA closed at $234.90 for a gain of 4.61%. TSLA’s July 3 rally was the cherry on top of a bullish month for the beleaguered stock. | Source: Yahoo Finance Tesla Is Setting Records & Wowing Investors Tesla smashed production and delivery records…

Crypto Trader Warns of 40% Bitcoin Price Drop Before Monster Bull Run

Crypto Trader Warns of 40% Bitcoin Price Drop Before Monster Bull Run 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

 Bitcoin was on a massive tear and the parabolic run was unstoppable as the crypto reached $13,000. It has declined since but is up on the weekly timeframe. While many long-term investors are euphoric over this juggernaut ascent, some experienced traders are starting to feel anxious. The trend reversal is so strong that a significant retracement is currently lurking. One popular day trader has a resounding argument that supports this bias. Analyst Opinion on Bitcoin Pullback A respected figure in the CryptoTwitter community named Trader X0 who boasts 13,000 Twitter…

Royal Bank of Scotland Onboards Former Circle Exec to Head Fintech Project

Royal Bank of Scotland Onboards Former Circle Exec to Head Fintech Project 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The Roybal Bank of Scotland (RBS) has hired a former executive from cryptocurrency finance firm Circle, according to a report by the Financial Times on June 18. Marieke Flament, who formerly worked as the European managing director of Circle, will reportedly join RBS as CEO of Mettle, its digital service for small and medium-sized enterprises (SMEs). Mettle has reportedly been operational since November 2018, and RBS is aiming to roll out a standalone version of the service in August. Flament commented on potential for financial disruption in the SME sector…

Trump Predicts Unprecedented Stock Market Crash If He Loses in 2020

Trump Predicts Unprecedented Stock Market Crash If He Loses in 2020 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: Rallying supporters to “Keep America Great,” Donald Trump raised the stakes of the 2020 election in a tweet. The president said if he’s not reelected, “there will be a market crash the likes of which has not been seen before!” If true, based on percentages, that means the stock market would lose 25% of its value after election day. Biden 2020 = Dow 19,000? The worst stock market crash in history began on October 24, 1929. Historians call it Black Thursday. It was the beginning of a…

Elon Musk Spreads FOMO with California Tax-Infused Tesla Sales Pitch

Elon Musk Spreads FOMO with California Tax-Infused Tesla Sales Pitch 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN Markets: Elon Musk is bringing the FOMO, or Fear of Missing Out. The Tesla CEO tweeted out a reminder that federal tax credits for buying a Tesla will drop by half on July 1. He pointed out in another tweet that EV buyers in California will still have the Golden State’s $2,500 tax credit. US tax credit of $3750 drops in half for Tesla on July 1. Order online in a few mins at https://t.co/46TXqRrsdr. Return in 7 days for full refund. — Elon Musk (@elonmusk) June 14,…

What Is a Satoshi, the Smallest Unit on the Bitcoin Blockchain?

What Is a Satoshi, the Smallest Unit on the Bitcoin Blockchain? 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

From paying for pizza with satoshi (SAT) on the Lightning Network to the 10,000 satoshis being added to the Lightning Torch each time it is passed, down to the 1 sat/byte rate on the bitcoin SV network, SAT is being used more and more in blockchain and crypto conversations. The satoshi is the smallest unit that is recorded on the bitcoin blockchains: One satoshi represents a decimal, seven zeros and a 1, followed by any of the bitcoin tickers — i.e., bitcoin (BTC), bitcoin SV (BSV) or bitcoin cash (BCH).…

Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend

Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Wednesday, May 22 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls under the $7,900 mark again. Market visualization courtesy of Coin360 Bitcoin is down over .5% on the day, trading at $7,850 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is down over 1.83%. Bitcoin 7-day price chart. Source: CoinMarketCap This week, Cointelegraph reported that CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for…

Elon Musk Had to Snub Apple

Elon Musk Had to Snub Apple 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: When Tesla’s stock crashed below $200 this week after the company tumbled into a “code red,” many on Wall Street wondered if Elon Musk should’ve accepted Apple’s $240-a-share buyout offer from 2013. However, despite the horrendous week Tesla is having, Musk was right to stick by his guns. Elon Musk Institutes Emergency Cost-Cutting Last week, Musk admitted in a frantic internal email that Tesla is in a code-red situation. Tesla only has $2.2 billion in cash on hand, which is just enough money to last another 10 months.…

Crypto Bulls and Bears Wrestle on What Comes Next for the Bitcoin Price

Crypto Bulls and Bears Wrestle on What Comes Next for the Bitcoin Price 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Many in the crypto community remained calm and banded together despite the steep drop in the bitcoin price on the heels of an otherwise incredibly bullish month. Bitcoin’s value was slashed by approximately $21 billion in the last 24 hours, with the BTC price currently holding above the $7,000 threshold. The declines were traced back to a mega sell order on Bitstamp exchange, either creating an opportunity for investors who missed the previous run or providing a warning before the other shoe drops. Of course, crypto bulls and…