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Are cryptocurrencies a financial bubble?

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Cryptocurrencies have experienced a rapid rise in popularity in recent years. Their decentralized nature, anonymity and potential for high returns are attracting more and more investments. However, along with this, there is growing concern among some experts about the overvaluation of digital assets and the sustainability of the cryptocurrency market. What is a market bubble? A market bubble is a situation in the market when the price of an asset significantly exceeds its real value, which sooner or later leads to its sharp fall. Economic bubbles do not appear suddenly. They can take months or years to form, and they can cover any area of the economy, from real estate to stocks. Although some experts consider economic bubbles to be a myth, most economists do not share this view and identify a number of reasons for their occurrence: Unreasonable investor behavior and desire for quick profits. Low-interest loans that encourage borrowing and increase purchasing power. The i...
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Bitcoin: forecasts from Polymarket

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Participants of the Polymarket forecasting platform made bets on the likely bitcoin rate in August 2024. 48% of users believe that the price of BTC will fall below $60,000. According to the information provided by the platform, 26% of customers bet that the value of bitcoin will drop to $55,000. 12% of users assume that the price of BTC will collapse to $50,000. Another 4% of Polymarket participants were extremely pessimistic, believing that bitcoin is due for a correction to $45,000. Historically, August, as well as September, are considered the weakest months for BTC.
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Here's why bitcoin is much more attractive than gold right now

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BitMEX co-founder, Arthur Hayes, argues that bitcoin offers more attractive investment opportunities than gold in light of the current economic climate. He attributes this to the shift from a unipolar to a multipolar world order, which is affecting the financial infrastructure. Bitcoin's decentralized nature increases its value. At the same time, government actions, such as funding wars and increasing the money supply, devalue traditional currencies, making assets outside the control of governments more attractive. Arthur Hayes notes that bitcoin, backed by blockchain technology, is becoming a modern alternative to gold as a means of saving. He predicts that in the face of inflation and increasing money supply, bitcoin will be the preferred instrument for preserving value.
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Billionaire Peter Thiel is not sure about the massive growth of bitcoin

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The former CEO of payment company PayPal and billionaire Peter Thiel said he doesn't see the massive growth of bitcoin starting anytime soon. During the Founders Fund program on CNBC Peter Thiel said that he still has some BTC in his wallets, but not as much as he should have. At the same time, Peter Thiel is not sure when a new batch of buyers will come to the market, as now all eyes are on the results of spot bitcoin ETFs. It is quite possible that the rate will rise by some percentage, but it will be a volatile period with large drawdowns and growth. Peter Thiel invested in bitcoin back in 2014, and recorded a $1.8 billion profit in 2022 before the rate plummeted, but as it turns out, Peter Thiel has become a bit disillusioned with bitcoin, as he initially saw BTC as anarchic, out-of-control money for governments, but people at the FBI say it would be better if criminals used bitcoin instead of $100 bills, so the technology isn't working the way it should.
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Hackers hacked into Metallica's account to promote METAL tokens

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Hackers hacked into Metallica's social network X account to promote their METAL token on the Solana blockchain. The scammers managed to earn $3 million. In the first tweet posted on behalf of Metallica, the attackers announced that the METAL token would improve fan interaction with the music band. Subscribers were told that the developers of the METAL token have partnered with Ticketmaster, so investors can enjoy discounts of up to 25% on concert tickets, as well as participate in an exclusive token giveaway. The hackers then published another tweet that talked about a partnership with the MoonPay payment service, making it possible for users to buy METAL tokens with credit and debit cards. MoonPay management soon denied the information, saying that they do not support the token: "If someone is offering you a $METAL token, they are not the master of puppets – they’re the master of scams!" About 20 minutes after the hacker tweets were published, the market capitalizat...
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An alien and a cup of coffee

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In 1955, a simple alien named Zlorg, after a long and hard day's work as a space courier, decided to relax a bit and stopped on planet Earth to stop at a local cafe for a cup of coffee. However, when he found out the price for the coffee, he was shocked - it was too expensive for his budget. Frustrated and puzzled as to why the people of Earth put such high prices on coffee, Zlorg sat down at a table and looked sadly at the check. At this time, people began to gather around him, surprised by his unusual appearance. They took out their cameras and snapped pictures of Zlorg as if he were a celebrity. Despite the curiosity and attention, Zlorg was too absorbed in his thoughts about expensive coffee to appreciate the attention. Zlorg sat at a table in this cafe on Earth for a long time, saddened by the high price of coffee and perplexed by the attitude of the Earthlings to his presence.
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4 ways to invest in cryptocurrency without buying it

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What to do if you want to be in the cryptocurrency market, but do not want to buy coins directly? I will tell you in the article what are the ways. Cryptocurrency ETFs Cryptocurrency Exchange Traded Funds (ETFs) are exchange traded investment funds that track the prices of cryptocurrency assets. By purchasing ETFs, you can access changes in the value of cryptocurrencies without the need to manage private keys and store digital wallets. Grayscale Bitcoin Trust (GBTC) is one of the well-known cryptocurrency ETFs. With GBTC, you get exposure to the price of bitcoin. For example, if you buy GBTC shares and the price of bitcoin doubles, the value of your GBTC shares will also double. Bitwise 10 Crypto Index Fund (BITW) is a fund that invests in the 10 largest cryptocurrencies by market capitalization. The fund buys assets from the Bitwise 10 Crypto Index, excluding Bitcoin. Osprey Bitcoin Trust (OBTC) is a fund that invests only in bitcoin. OBTC allows investors to access...
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