Author: bitcointalk

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Bitcoin Energy Value Metric Puts BTC’s ‘Fair Value’ At $47K: Analyst | ZeroHedge

Authored by Nivesh Rustgi via Cointelegraph.com,

Bitcoin’s price is trading in a frustratingly tight range between $25,500 and $26,500, leaving traders unsure of the next direction that the asset could take.

However, Charles Edwards, founder of Capriole Investments, believes that Bitcoin’s current price presents a low-risk long-term buying opportunity. Edwards’ view is based on Bitcoin’s production cost and energy value.

Capriole Investments energy value theory gives a fair value price of $47,200, and Edwards reiterated his (more…)

Continue ReadingBitcoin Energy Value Metric Puts BTC’s ‘Fair Value’ At $47K: Analyst | ZeroHedge

Services Surveys Signal Soaring Stagflation Risks | ZeroHedge

With manufacturing surveys still in contraction, and underlying components screaming stagflation as orders drop and prices pop, all eyes are on the 'bigger' Services sector surveys this morning which are expected to slip lower in August (but remain in expansion – above 50).

The S&P Global US Services PMI disappointed, declining from 52.3 (July) to 50.5 (final August), and below the 51.0 preliminary August print – weakest since January

BUT

The US ISM Services (more…)

Continue ReadingServices Surveys Signal Soaring Stagflation Risks | ZeroHedge

In The Land Of The Blind | ZeroHedge

By Bas van Geffen, senior macro strategist at Rabobank

In the land of the blind, they say, the one-eyed man is king. We have often accused Europe of being blissfully unaware of the shifting tectonic plates on the geopolitical sphere, but the eye patch that German Chancellor Scholz has to wear following an unfortunate accident while jogging has so far failed to give him the clarity that many of his European counterparts still seem to lack as well. While the Chancellor was busy soliciting (more…)

Continue ReadingIn The Land Of The Blind | ZeroHedge