Goldman Sachs' strategists stated there are real concerns around the longevity of the U.S. dollar as a reserve currency, anticipating the government and central bank may allow inflation to accelerate.
They further describe a "likelihood that at some time in the future, after economic activity has normalized, there will be incentives for central banks and governments to allow inflation to drift higher to reduce the accumulated debt burden."
Novogratz on 'Liquidity Pump': BTC to $20K this year
Galaxy Digital CEO Michael Novogratz said that bitcoin and gold have more room to grow and will continue to rise due to a global "Liquidity pump," afforded by governments' stimulus packages, coupled with an influx of retail investors. Novogratze went on to say "Bitcoin still has a lot of retail interest in it," adding that he sees investors shifting back to gold and bitcoin and that "There's an adoption game in bitcoin that you don't have in gold. But I like them both."
Coinbase sees institutional investors buying Bitcoin
Coinbase says more institutional investors are now using its platform to build direct positions in the cryptocurrency market. They are reporting a "Growing base of our institutional clients organizing around the thesis that BTC provides exposure to an alternative monetary policy system with supply mechanics that are diametrically opposed to those of central banks in 2020."
The company reported the database was hacked in late June, compromising about one million email addresses. This was following the discovery of the vulnerability by a bug bounty participant on July 14.
Responding to the hack Ledger detailed "This data breach has no link and no impact whatsoever with our hardware wallets nor Ledger Live security and your crypto assets, which are safe and have never been in peril".
Bitcoin.com’s Cash Games, offering anonymous accounts, instant withdrawals, and provably fair games is launching a special BCH 3rd anniversary leaderboard tournament with a prize pool of $3000 for you to win from.
You can participate in this special promotion by playing exclusive games such as Slots, Keno, and Roulette. The top 15 places will be rewarded in BCH!
The inaugural World Series of Trading powered by Bybit is almost here! Traders will get to battle it out in both team and individual battles with a massive prize pool of up to 200 BTC! Traders who sign-up to battle in WSOT can look forward to many perks and bonuses throughout the competition, such as a $50 early bird bonus, up to $9,400 in USDT bonuses, and 20% off trading fees! Here's a brief overview of WSOT events that participants can enter: BTC Troop Showdown - BTC Team battle with a prize pool of up to 150 BTC. USDT Solo Throwdown - USDT Individual battle with a prize pool of up to $300,000 USDT. Planet WSOT - Bank a maximum bonus of $9,400 USDT! Register here to get a $50 early bird bonus!
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