Jim Cramer has reversed his bearish stance on Bitcoin, now calling it a “technological marvel” as its price surpassed $45,000. Noting that it’s likely here to stay, he acknowledged previous skeptics like Charlie Munger. However, he also cautioned that the upcoming ETF approvals could lead to market fluctuations, indicating a nuanced view of Bitcoin’s future. … Read more
The upcoming US elections present a potential turning point for the cryptocurrency industry, which is currently navigating through fraud allegations and regulatory challenges. Gary Gensler, the SEC chair, warns of significant investor losses attributed to crypto firms, while Trump advocates for a more favorable crypto environment in stark contrast to Biden’s administration. With millions spent … Read more
Ethereum is set for a pivotal upgrade, known as ‘the merge’, which will transition its energy-intensive mining operations to a more sustainable ‘proof of stake’ system. This shift aims to reduce energy consumption by over 99%, potentially attracting traditional financial institutions while addressing environmental concerns. However, the upgrade faces challenges, including resistance from miners and … Read more