In an exclusive interview with Cointelegraph, Anthony “Pomp” Pompliano explained why Bitcoin is the best asset to preserve wealth in the upcoming future. Pompliano reconfirmed his bullishness on Bitcoin, revealing he bought more if it right after the latest market crash, when most investors sought refuge in the U.S. dollar. When asked whether there may be more investment-worthy cryptocurrencies on the market, Pomp pointed out that “money is a belief system, and until now the market believes that Bitcoin is more valuable than everything else”. The halving can’t be priced-in Discussing the possible impact of the imminent Bitcoin halving on …

Millionaire businessman and author of the book Rich Dad Poor Dad, Robert Kiyosaki, mentioned Bitcoin (BTC) numerous times in a podcast interview with Morgan Creek Digital co-founder Anthony Pompliano, referring to the asset as an escape. “The reason I endorse Bitcoin is just for one frickin' reason: You’re not part of the system,” Kiyosaki said. “It’s a separation of government and my money,” he laughingly added, quoting sentiment Pompliano has expressed many times. Uncertain times can spur flight to safety Throughout the interview, Kiyosaki riffed on many concepts through the lens of someone reportedly enlightened about what he called a …

Bitcoin seems to be settling happily above $6,000 and is currently just north of $6,500 again. Let’s hope we’ve seen the last of those $5,000 movements and we’re ready for a steady climb back to double figures before the halving in mid-May. It’s getting closer. In the meantime, the Federal Reserve now appears to have merged into the federal government. An opinion piece in Bloomberg has described how an alphabet soup of financial programs intended to help the economy through the current crisis is allowing the government to buy up securities through the Fed. The result could allow the government …

Digital banking app Revolut has rolled out its cryptocurrency services for all standard users, saying it is widening access earlier than planned due to the global economic crisis. In an email to users on April 1, the United Kingdom-born fintech announced that cryptocurrency accounts and trading — previously reserved from Premium and Metal tier users of the app — are as of now available for all standard users, at a 1.5% flat fee per trade. A warning “right now” Amid the unprecedented economic turbulence sparked by the COVID-19 pandemic, Revolut cautions its users that “we are starting to see quantitative …

These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering — which began with the coronavirus pandemic and has spread to the global economy. It’s printing more money. “There is an infinite amount of cash at the Federal Reserve,” Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, told Scott Pelley of CBS on March 22, adding: “We will do whatever we need to do to make sure there is enough cash in the financial system.” The U.S. Federal Reserve itself reinforced that message …

Gone are the days of dusty ledgers and checkbooks. Over the last decade or so, the word “money” has taken on a completely new meaning for a lot of people all over the world. This is partly due to the masses being utterly frustrated with the way many big banks handle their business transactions. In fact, with the use of physical money on the decline, the market for digital payments has started to replace a whole host of traditionally popular banking avenues. To put things into perspective, in Asia alone, more than 1.4 billion individuals make use of China’s two …

Markets trader and YouTuber, Tone Vays, says the United States’ digital dollar proposal is no different than the current system, except for its ties to the country’s federal reserve. “There is nothing technologically new here, whatsoever,” Vays said in a March 24 YouTube video, referencing the U.S. digital dollar proposal. “The only difference is that now, it’s like a pass-through from the Fed — as if the Fed needs more responsibility,” he added. Recent digital dollar draft from the government In a recent attempt to help the sinking economy, a fresh stimulus draft surfaced on March 23, which, in part, …

After United States President Donald Trump first mooted a $1 trillion stimulus package for the U.S. economy in the wake of the coronavirus outbreak, people were shocked at what seemed like a gargantuan amount. As Cointelegraph reported a few days later on March 25, a bipartisan deal has been agreed for twice that figure and it suddenly seems far more tangible. Binance CEO Changpeng Zhao even tweeted that the new financial dialogue meant a $2 trillion market cap for Bitcoin could be considered “modest”. Will a devaluing U.S. Dollar push Bitcoin to $100K? The Federal Reserve and central banks around …

While the newest version of a proposed stimulus package to respond to the economic crisis caused by the coronavirus in the United States has scrapped mention of a digital dollar, at least one senator is fighting to keep those provisions. The changed bill for economic recovery As Cointelegraph reported yesterday, March 23, a draft of the proposed economic stimulus bill was circulating that included the requirement of developing a digital dollar. The provisions further stipulated that all banks party to the Federal Reserve would need to host digital dollar wallets — all measures to expand economic inclusion. Late last night, …

Bitcoin (BTC) and gold showed clear signs of strength on March 24 as the United States Federal Reserve revealed the true extent of its money printing. Having cleared $6,000 on Monday, BTC/USD went on to hold ground at around $6,500. At the same time, gold rallied, as market analysts suggested its recent selloff was over. Fed: We have “infinite cash” The precious metal traded at around $1,572 at press time, a daily improvement of 1.35%. Bitcoin versus gold 1-year chart. Source: Skew.com For gold, the rebound echoed behavior during the financial crisis of 2008, Goldman Sachs highlighted, quoted by Bloomberg. …

Amid contentious debate over the massive stimulus package in response to the coronavirus pandemic, Democrats in the United States House of Representatives look to implement the digital dollar to streamline payments to U.S. citizens outside of the traditional financial system. A digital dollar for direct payments to families A draft of the legislation circulating as of March 23 proposes the creation of digital wallets for U.S. citizens to be maintained by the Federal Reserve within a section entitled “Direct Stimulus Payments for Families.” The section envisions $2,000 monthly payments to every adult earning less than $75,000 a year, at which …

Crypto-Twitter has reacted with horror to the news that the United States Federal Reserve has been given a mandate to print as much new money as it needs to in order to avert a deeper financial crisis due to the coronavirus pandemic. Charles Hoskinson, CEO of Cardano developer, IOHK, even tweeted on March 23 that he was, “getting a real OneCoin vibe,” from the U.S. Dollar. Congress tells Fed to just print more money In an interview with CBS’s 60 Minutes, President of the Federal Reserve Bank of Minneapolis Neel Kashkari referred to there being “an infinite amount of cash …