Why billionaires are suddenly accumulating Bitcoin after 113% YTD gain

Billionaires have been increasingly accumulating Bitcoin in recent months as four main factors are making BTC increasingly attractive to money managers. Billionaires have been increasingly accumulating Bitcoin (BTC) in recent months. Following Paul Tudor Jones’ lead, hedge fund manager Stanley Druckenmiller became the latest billionaire to publicly disclose his Bitcoin investment. The performance of Bitcoin … Read more

Why does the legal action against BitMEX and hacking KuCoin have no effect on Bitcoin price?

Everyone knows the BitMEX situation after CTO Samuel Reed was arrested on October 1. The implications of this are enormous, however, the traders’ perspectives give us a different perspective. OI on BitMEX decreased before the exchange was ‘touched’ by authorities. However, for now, the OI has decreased enough for its competitors to take its place. … Read more