Transcribed
Bitcoin's Bullish Signal & Goldman Sachs' Crypto Stake: Crypto Currently News Roundup
Aug 16, 2024 ·
2m 50s
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Bitcoin's Bullish Signal & Goldman Sachs' Crypto Stake: Crypto Currently News Roundup
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Description
The Crypto Currently Podcast is a daily exploration of the most pressing news stories in the world of cryptocurrency. In today's episode, we delve into the technical analysis by Jamie...
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The Crypto Currently Podcast is a daily exploration of the most pressing news stories in the world of cryptocurrency. In today's episode, we delve into the technical analysis by Jamie Coutts predicting a significant surge in Bitcoin price due to a massive boost in global liquidity, alongside a decline in the US dollar. We also cover the latest cryptocurrency investment activities by major financial institutions, namely Goldman Sachs, which revealed their Q2 investments of $418M in Bitcoin ETFs. In contrast, we note that Morgan Stanley has notably reduced its Bitcoin ETF holdings during the same period. Lastly, we touch on the controversial proposal by the International Monetary Fund to raise electricity costs for crypto mining by 85%, aiming to address environmental impacts. The episode concludes with a lively discussion about the implications of such a move.
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Information
| Author | Sophos Media Productions |
| Organization | Sophos Media Productions LLC |
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