Archiwa tagu: Apple

Paul Tudor Jones: Bitcoin Is “100% Certain”

Bitcoin price is back to around $40,000 but whether or not the bull market is over or not isn’t yet certain. What is certain, according to Paul Tudor Jones, is the cryptocurrency itself. Not the asset or its price, but the underlying ironclad cryptographic code. Here’s why the billionaire investor has allocated as much as […]

Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims

A stunning BTC price surge accompanies concerns over the United States Federal Reserve’s „institutional credibility.”

Bitcoin (BTC) passed $40,000 on June 14 as a consolidation period snapped to unleash a solid breakout.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC price breaks out past $40,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in under an hour, reaching $40,600 on Bitstamp.

The largest cryptocurrency capitalized on the upside that resulted from a new positive tweet by Elon Musk concerning Tesla possibly accepting BTC in the future.

Earlier, Cointelegraph reported on traders betting on a leg up to around $47,000 before a correction.

A look at buy and sell positions on major exchange Binance shows support at $38,000, with resistance at $40,500 — the next hurdle for bulls.

Buy and sell levels on Binance as of June 14. Source: Material Indicators/Twitter

Paul Tudor Jones advocates 5% BTC allocation

Bitcoin reached a $2 trillion market capitalization because of a „dichotomy” in Federal Reserve policy that „questions” its credibility, said famous trader Paul Tudor Jones.

In an interview with CNBC on June 14, the founder of Tudor Investment Corporation sounded the alarm over advancing inflation.

After last week’s consumer price index (CPI) report showed that United States inflation has hit a 13-year high, Bitcoin’s deflationary nature has rarely looked so appealing.

For Jones, the idea that higher inflation is just temporary due to recent events — as suggested by the Fed and central banks in general — is a myth.

„It’s somewhat disingenuous to say, for them to say, that inflation is transitory,” he told CNBC’s Squawk Box segment.

Today’s environment is entirely different from those that saw episodes of inflation in the past, such as 2013. As such, there is little sense in the Fed applying the same forecasts, Jones believes.

Jones noted that the CPI was much lower then, while now, unemployment and jobs also roughly equal each other.

Related: Paul Tudor Jones says Bitcoin is 'like investing early in Apple or Google'

Meanwhile, gold and Bitcoin have provided a refuge for many. Despite the precious metal vastly underperforming Bitcoin in terms of gains, it remains near record highs.

„When you look at the Fed today and the Fed back then, you wonder: How can you have such wildly different policy views on what constitutes the right levels for employment, the right levels for inflation?” he continued.

„How can you have that with an eight-year timeframe? It’s almost like a split personality, and you wonder why Bitcoin has a $2 trillion market cap and gold’s at $1,865 an ounce. And the reason why is you have this dichotomy in policy that again questions — questions —  the institutional credibility of something.”

Ultimately, a 5% Bitcoin allocation is one of the only things he recommends to those seeking portfolio advice.

„I say, 'OK, listen. The only thing I know for certain is I want to have 5% in gold, 5% in Bitcoin, 5% in cash, 5% in commodities at this point in time,'” he added.

Amazon, Google, Facebook, Apple Face New Antitrust Bills Focussing on Breaking Up Big Tech

Amazon, Facebook, Google, Apple will now be under greater scrutiny as four new antitrust bills introduced by a bipartisan group of lawmakers in the US House of Representatives aim at reining in the power of the tech giants, with one potentially leading to their break-up.

„Największy zestaw narzędzi do zajęcia się potęgą Big Tech”. Demokraci zaprezentowali projekty ustaw antymonopolowych

Demokraci w Izbie Reprezentantów USA zgłosili w piątek pakiet pięciu projektów ustaw, które mają ograniczyć ekspansję cyfrowych gigantów takich jak Google, Amazon, Facebook czy Apple, a nawet pozwolić na rozbicie ich monopoli. Reformy mogą liczyć na poparcie Republikanów.

What’s Most Exciting With iOS 15, iPadOS 15, and macOS Monterey? We Discuss WWDC 2021 Announcements

iOS 15, iPadOS 15, macOS Monterey, and watchOS 8 were all announced by Apple at WWDC 2021. The Cupertino-based iPhone giant showcased dozens of new features including new FaceTime, Focus, Universal Control, and offline Siri. We discuss all things WWDC in this week’s episode of Gadgets 360 podcast Orbital.

Apple Subpoenaed by Donald Trump Administration for Lawmakers’ Data: Report

The US Justice Department under former President Donald Trump subpoenaed Apple for data from the accounts of at least two Democrats on the House of Representatives Intelligence Committee in an attempt to find out who was behind leaks of classified information, the New York Times reported.