Category: Bloomberg

Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s

The credit rating agency believes El Salvador’s Bitcoin experiment has elevated the country’s risk profile and could limit its access to foreign debt markets. 1499 Total views 16 Total shares El Salvador’s historic embrace of Bitcoin (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service.  Moody’s analyst Jaime […]

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Analysts predict Valkyrie will launch Bitcoin Futures ETF this week

Analysts predict Valkyrie will launch Bitcoin Futures ETF this week

Bloomberg ETF analysts are predicting Valkyrie’s futures-based Bitcoin ETF will commence trading this week. 5252 Total views 20 Total shares Commentators are predicting that a second futures-based Bitcoin exchange-traded fund (ETF) will go live by the end of the week following the launch of ProShares’ Bitcoin Strategy ETF later today. On Oct. 19, Bloomberg’s analyst […]

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Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?

Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?

A sharp sell-off across the cryptocurrency market Tuesday—that saw top tokens like Bitcoin (BTC), Ether (ETH), Cardano (ADA), and Solana (SOL) fall by double-digital percentages—created a venue for stablecoins to prove their worth. The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by almost maintaining their one […]

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Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts

Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts

What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence’s Mike McGlone, a merged exposure of Bitcoin (BTC), gold, and government bonds. The senior commodity strategist, who sees BTC heading to $100,000, pitted derivatives in a new report representing the three safe-haven assets against the performance of the S&P 500 index, finding […]

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