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    Bitcoin Is Over $10,000 Again, Here's Where It's Heading Next

    By , Money Morning -

    Over the weekend, Bitcoin breached the $10,000 level again for the fourth time in its short existence.

    The rally comes off news that European Union leaders agreed to a $2 trillion stimulus package to help offset damages caused by COVID-19.

    And the U.S. federal government is currently in the process of finalizing the HEALS Act - which is expected to add another $1 trillion (or more) to the U.S. economy.

    While that may help companies and individuals in the short term, there could be some long-term negative impacts to the unprecedented (and arguably excessive) fiat money printing we're currently witnessing.

    Read more...

Article Index

Bitcoin Is Over $10,000 Again, Here's Where It's Heading Next

By , Money Morning -

Over the weekend, Bitcoin breached the $10,000 level again for the fourth time in its short existence.

The rally comes off news that European Union leaders agreed to a $2 trillion stimulus package to help offset damages caused by COVID-19.

And the U.S. federal government is currently in the process of finalizing the HEALS Act - which is expected to add another $1 trillion (or more) to the U.S. economy.

While that may help companies and individuals in the short term, there could be some long-term negative impacts to the unprecedented (and arguably excessive) fiat money printing we're currently witnessing.

Read more...

5 Cardano Price Predictions for 2021 – One Sees a 2,526% Gain from Here

By , Associate Editor, Money Morning • @DavidGZeiler -

Cardano has been a top cryptocurrency for years, but until now has been quite.

That's about to change - in a big way.

Years of work are coming to fruition this year, which will draw attention to this innovative and dynamic crypto.

Cardano price predictions for 2021 foresee gains raging from a mere double all the way to 2,526%.

Here's why Cardano is on the verge of a breakout year...

3 Chainlink Price Predictions for 2021 – One Sees a 4.5x Gain

By , Associate Editor, Money Morning • @DavidGZeiler -

Chainlink is a Top 20 cryptocurrency by market cap, but gets very little attention even within the crypto community.

But in many ways Chainlink is well ahead of other cryptos.

For one thing, it's already seeing a lot of use in its designed role as part of a system for providing data to "smart contracts."

And it's working with several heavyweight partners, including Google and Intel.

It's no wonder these Chainlink price predictions see such big gains...

How to Make Passive Income with Cryptocurrency

By , Associate Editor, Money Morning • @DavidGZeiler -

Reliable sources of passive income are hard to come by these days.

With interest rates near zero, standbys like CDs and bonds have microscopic yields.

You can do better with dividend stocks, but that means taking on more risk.

Now crypto-based companies are offering an alternative.

You can park your money in "stablecoins" that match the value of the U.S. dollar and earn interest in excess of 8% a year.

Here's how to do it...

3 Litecoin Price Predictions for 2021 – One Forecasts Gains over 10,000%

By , Money Morning -

It's been a rough year for Litecoin enthusiasts, with the price of LTC dropping 53.2% from June 4, 2019 to June 4, 2020.

But just like with any bear market, we could see Litecoin prices rebound in the next year.

That's why we had to make sure you saw the latest Litecoin price predictions for 2021.

The lowest price target on PrimeXBT.com for Litecoin in 2021 is $500.

From today's (June 4) price of $47.75, that's a potential gain of at least 947%.

However, there's one LTC price prediction for 2021 that is so bold, you won't believe it until you see it.

We're going to share that prediction in just a minute.

But first, we're going to answer some of the most common questions we've received about Litecoin heading into this year and next...

The 10 Best Penny Cryptocurrencies to Buy in 2020

By , Associate Editor, Money Morning • @DavidGZeiler -

Suddenly penny cryptocurrencies are back in the spotlight.

Non-Bitcoin cryptocurrencies have rebounded strongly so far in 2020, rising more than 30% in less than one month. The rally has raised the possibility that a new "altseason" has arrived, when cryptos other than Bitcoin enjoy big gains.

That's especially true of "penny cryptocurrencies," those trading for less than $1.

And we've found the 10 penny cryptos with the most potential...

Zuckerberg Testimony Does Facebook Cryptocurrency No Favors

By , Associate Editor, Money Morning • @DavidGZeiler -

The proposed Facebook cryptocurrency, Libra, faced tough scrutiny during CEO Mark Zuckerberg's thorough grilling before a congressional committee. Zuckerberg was given little chance to make his case as lawmakers criticized both Libra and the business practices of Facebook.

Here's why the hearing has further dimmed the odds of Libra ever seeing the light of day...

IRS "Guidance" for Taxes on Cryptocurrency Just Raises More Questions

By , Associate Editor, Money Morning • @DavidGZeiler -

After five years of silence, the IRS has given us new guidance on how to treat taxes on cryptocurrency.

But it may as well not have bothered, because the guidance is very limited in scope and fails to address several key issues.

Even worse, the IRS appears confused about basic crypto terminology in the few items it does address.

In this hard look at everything the IRS said, we explain why it falls so short...

Could President Trump Enact a Bitcoin Ban?

By , Associate Editor, Money Morning • @DavidGZeiler -

A Wall Street analyst with an interest in cryptocurrency set off some wild speculation when he tweeted about the possibility of a Bitcoin ban by U.S. President Donald Trump.

The theory he put forth is that since Trump used his executive authority to ban e-cigarettes, he could do the same with Bitcoin.

Crypto twitter pounced, and several articles appeared on crypto news sites.

But here's why there's no need for anyone to panic...

Digital Disruption: How Cryptocurrency Is Transforming Finance (Infographic)

By , Associate Editor, Money Morning • @DavidGZeiler -

The digital disruption of the world of finance by cryptocurrency is no longer hypothetical.

It's happening right under our noses.

The ability to move money seamlessly and nearly instantly across borders is only one aspect of how crypto is revolutionizing the financial industry.

And yet we're only in the early innings of this game-changing technology.

To help our readers understand this phenomenon, we're sharing this must-see infographic...

Now Central Bankers Are Making the Case for the Crypto Revolution

By , Associate Editor, Money Morning • @DavidGZeiler -

It seems like only yesterday that central bankers were scoffing at the very idea of cryptocurrencies.

But now more and more of them are getting serious about jumping on board with the crypto revolution.

Some want to create their own cryptocurrencies while the Governor of the Bank of England suggested that the world's central banks develop a
universal digital currency that could serve as a global reserve currency.

Here's what this change of heart means for crypto...

I Just Saw the Future of Cryptocurrency – What You Need to Know Now

By , Associate Editor, Money Morning • @DavidGZeiler -

People have been talking about the future of cryptocurrency for the past several years now, but when I attended the Consensus 2019 conference, something struck me right away.

When it comes to cryptocurrency and the application of blockchain technology, the future has arrived. Major projects are now going live.

Here's what I discovered at this conference - and what all this will mean for investors...

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