Loading…
Loading…
John Laforge, of Ned Davis Research, said network adoption is the best way of assessing the cryptocurrency's worth.
Persistent fiscal deficits, ballooning sovereign debt and rising geopolitical fragmentation are forcing investors to rethink what constitutes a safe-haven asset, and one digital asset executive says the answer increasingly includes both gold and Bitcoin.
Senators from both parties blocked a landmark digital asset market structure bill in a procedural vote, sending crypto stocks tumbling. The bill would have handed the CFTC the primary authority to regulate the digital assets industry, but failed to advance with a vote of 49-50.
Several Ark funds recently bought the dip in Meta and Rocket Lab.
Are her big ideas turning into big returns?
Bitcoin faces key resistance near $82,800, but I am bullish with a 12-month target of $95,000 and a stop-loss at $74,000. ETF inflows hit $3.52 billion in August, signaling institutional macro hedging, not long-term adoption, and creating a thin, volatile float. September catalysts (the CLARITY Act cloture vote and FOMC decision) will be pivotal; a clean break above resistance on volume could drive BTC toward $88,250–$90,000.
The growth-driven investor is bullish on Coinbase and Circle.
Bill Miller IV, chief investment officer and chairman at Miller Value Partners, joins 'Closing Bell' to discuss the causes in Bitcoin's recent uptick and more.