Jul 07, · Days after Nouriel “Dr. Doom” Roubini debated BitMEX CEO Arthur Hayes in Taipei, Taiwan, the foul-mouthed Bitcoin critic is still not letting go over how everything panned out. The New York University economics professor is now threatening to sue Hayes for releasing a “doctored edited highlights video of the debate” to select media organizations. Dec 28, · It is safe to assume that Bitcoin’s parabolic rally in has everything to do with the underperformance of its arch-nemesis, the US dollar. The charts tell the entire story. In March , a 60 percent crash in the Bitcoin market coincided with an percent jump in the US dollar index, a barometer to measure the greenback’s strength. Jul 06, · Bitcoin Nemesis ‘Dr Doom’ Threatens Lawsuit Over ‘Doctored’ Video Days after Nouriel “Dr. Doom” Roubini debated BitMEX CEO Arthur Hayes in Taipei, Taiwan, the foul-mouthed Bitcoin critic is still not letting go over how everything panned out.
Bitcoin nemesisBitcoin And The New Nemesis at $6,
Fearing that their cash-based portfolio would suffer, they started increasing their exposure to riskier assets. Bitcoin, which comes with a limited supply cap of 21 million and a predefined supply rate, benefited from the said fundamentals.
Entering , the US economy is still facing the same set of fundamentals. Meanwhile, the jobless rate continues to stay higher. Analyst at crypto-focused investment advisory firm TradingShot noted that the US dollar would continue its decline until Since the early s, the US dollar index has witnessed three repetitive trends. Each cycle lasts for almost 5, days and prints about monthly candles. Meanwhile, almost all of them have roughly the same cyclical bottom at near Investors also treat the precious metal as a hedge against inflation, which makes it a direct rival to Bitcoin.
All and all, a 20 points drop in the US dollar index would push more firms and investors towards gold and bitcoin as safe-haven alternatives. Yashu Gola is a Mumbai-based finance journalist. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.
All Rights Reserved. Advertise Submit a Press Release. Home Cryptocurrency news Bitcoin. Reading Time: 3min read. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza! Play Now! Tweet Share. Could you be next big winner? Pride Group Enterprises, which operates 17 retail and rental truck locations in the U.
It built just seven vans in the third quarter, two of which were delivered to Ryder System Inc. It had a total backlog of about 1, vans at the end of the third quarter of , not counting a truck order from commercial vehicle distributor Pritchard Cos. The Pride Group order is subject to "various production and delivery conditions," according to a Workhorse press release Monday.
A company spokesman did not immediately return a call seeking clarification of the conditions. Workhorse shares traded at EST Monday. A slight lead? Pride Group is moving to make all its offerings electric. It reserved Tesla Semis in November. It might purchase as many as of the oft-delayed electric heavy-duty trucks. Benzinga does not provide investment advice. All rights reserved. When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Microsoft, Netflix and Nvidia.
Speculation has mounted over the reason behind his disappearance, which some publications have connected to a late October speech in which he appeared to call for a reform of China's banking system.
In a major reversal, the New York Stock Exchange said it no longer intends to delist three Chinese telecom companies following an executive order by President Donald Trump. Tesla's Chinese rivals delivered robust December sales in a white-hot market for electric cars. Nio stock jumped near a buy point.
Chip makers are set up well for the long term because so many industry trends are in their favor, according to B. Riley analyst Craig Ellis. NIO NIO is starting with record electric vehicle deliveries and the launch of a used car service and trading platform. Bloomberg -- U. To combat the economic fallout from the Covid pandemic, the central bank cut rates to almost zero. The equity gauge finished the year at an all-time high of 3, Pessimism over tech giants such as Apple Inc.
For the coming year, Wien and Zidle expect the Fed and the Treasury will continue their accommodative policies to bolster the economy. Faster inflation, while still modest, is set to fuel gains in gold and boost the allure of cryptocurrencies, they say. The duo also project a reversal in the U. Below are his other calls for The Fed extends the duration of bond purchases in order to prevent higher rates at the long end of the curveFormer President Donald Trump starts his own television network and plans his campaignChinese shares to lead emerging markets as President Joe Biden begins to restore trade relationships with ChinaCyclical shares lead defensives, small-caps beat large-caps.
Both energy bonds and stocks rally Updates with more predictions starting in seventh paragraph For more articles like this, please visit us at bloomberg. The company also overpaid for Time Warner in , but that bet could eventually pay off, with the new HBOMax streaming service growing at a healthy pace. The company issued an SEC filing last week that showed the company has a deal in place with Amazon.
The filing calls for the purchase of up to 2, Lion 6 and Lion 8 electric trucks from Lion Electric. Amazon Logistics is listed as the specified customer after being unnamed in previous Northern Genesis filings.
Under the terms of the deal, Lion Electric is required to reserve a portion of its manufacturing capacity for up to trucks per year from to Lion Electric will also provide maintenance and training to Amazon. As part of the deal, Amazon is not required to purchase a "specified minimum quantity of vehicles from Lion" other than the existing purchase order.
Lion Electric said it had purchase orders for up to 6, vehicles at the time of its SPAC merger announcement. Disclosure: The author has a long position in shares of NGA. The news that Haven, the joint health-care venture between Amazon, will disband next month came as no surprise to many health-care experts. Bitcoin is charting a typical bull market correction amid increased expectations for price volatility.
The markets closed out with modest session gains to cap off larger annual gains. These are analysts with 5-star ratings from TipRanks database, and they are pointing out the stocks with Strong Buy ratings — in short, this is where investors can expect to find share growth over the next 12 months.
ElectraMeccanica Vehicles SOLO Electric vehicles, EVs, are growing more popular as consumers look for alternatives to the traditional internal combustion gasoline engine.
These advantages, as EV technology improves, are starting to outweigh the drawbacks of shorter range and expensive battery packs. ElectraMeccanica, a small-cap manufacturer from British Columbia, is the designer and marketer of the Solo, a single-seat, three-wheel EV built for the urban commuter market.
Technically, the Solo is classed as an electric motorcycle — but it is fully enclosed, with a door on either side, features a trunk, air conditioning, and a Bluetooth connection, and travels up to miles on a single charge at speeds up to 80 miles per hour.
In addition, the company has begun design and marketing work a fleet version of the Solo, to target the commercial fleet and car rental markets starting in the first half of this year.
Chains look to avoid third party delivery costs and balance brand identity implications of operator- vs. The SOLO's mile range, low operating cost, and std telematics make the vehicle a good fit, in our view, particularly when location data can be integrated into a chain's kitchen software. We would not be surprised if SOLO made a couple announcements with major chains after customers validate plans. The company has 3 recent reviews, and all are Buys, making the analyst consensus a unanimous Strong Buy.
Nautilus gained as the social lockdown policies took hold and gyms were shuttered in the name of stopping or slowing the spread of COVID The company, which owns major home fitness brands like Bowflex, Schwinn, and the eponymous Nautilus, offered home-bound fitness buffs the equipment needed to stay in shape.
Watching this stock for Lake Street Capital is 5-star analyst Mark Smith, who is bullish on this stock. Smith is especially cognizant of the recent dip in share price, noting that the stock is now off its peak — which makes it attractive to investors. The stock has 4 recent reviews, and all are to Buy.