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THE BITCOIN SKEPTIC – BITCOIN ISN’T A HEDGE FOR ANYTHING WHAT IS A HEDGE? IT SURE AIN'T BITCOIN! A “hedge” is an investment made to offset some form of risk. It can take many forms. An investor may purchase put options on the stock market that will increase in value if the stock market falls. Perhaps a company will open a factory overseas that it exports products to in order to hedge against currency risk. So the key to a…

IRS Sends New Tax Warning to Crypto Users The U.S. Internal Revenue Service (IRS) is renewing its crackdown on the crypto industry. According to a recent report from CoinDesk, the American tax agency is sending yet another round of letters to individuals it believes is involved in the trading of Bitcoin and other digital assets. This time, those targeted as those that the IRS claims may be misreporting the income gained from trading on exchanges. This comes shortly after reports…

BITCOIN COULD BREAK THROUGH TO A NEW HIGH IN 2019, PREDICTS TOM LEE A debate has been raging about whether or not bitcoin should be deemed a safe-haven asset. After all, the leading cryptocurrency sure wasn't behaving like one and investors sure weren't doing a flight to safety in crypto while the equity markets were getting hammered this week. Even now, bitcoin is quietly holding onto $10,000 but not before having dipped below that key level in recent days. Bitcoin…

Bitcoin’s Surging Dominance – Is This Time Really Different? You may have heard some rumblings recently about the bitcoin dominance rate. This measures the weight of bitcoin in the crypto universe, by taking its market cap as a percentage of the total market cap for all crypto assets. Traders and investors keep an eye on it as an indicator of market preference. It should surprise no-one that bitcoin is the dominant crypto asset, given its long track record and mainstream…