CRYPTO

Authored by Mark E. Jeftovic via bombthrower.com,

If Bitcoin really is a safe-haven asset,
is it behaving like one?

The title of today’s post is not intended to be a serious question as much as it is “gallows humour”, as they say.

Since the Russian invasion of the Ukraine in early 2022, it’s been speculated that future historians may look back on that event as the beginning of WWIII. I have privately wondered (and meant to write it up in the last monthly letter, (more…)

Authored by Prashant Jha via CoinTelegraph.com,

The United States government has become one of the largest Bitcoin holders, with over 200,000 BTC worth more than $5 billion despite selling a few thousand BTC worth millions earlier this year.

According to a data analysis based on public filings, crypto firm 21.co estimated that the U.S. government still holds 194,188 BTC, estimated to be worth $5.3 billion. The firm noted in its analysis that these are “lower-bound estimations (more…)

Update (0945ET): Just as we suspected, the CoinTelegraph tweet appears to be incorrect as Fox's Eleanor Terrett confirms…

* * *

Following the surge in crude oil, gold, and bonds late last week as tension escalated in the Middle East, it appears Bitcoin is the latest to feel the squeezey alternate/safe-haven flows as the crypto currency has exploded higher this morning, topping $30,000 for the first time since August…

This moves comes after SEC's decision (more…)