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Bitcoin’s obituary and a Starbucks blockchain: Bad crypto news of the week

Published 09/12/2020, 05:00 PM
Updated 09/12/2020, 06:40 PM
Bitcoin’s obituary and a Starbucks blockchain: Bad crypto news of the week
BTC/USD
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It’s been a tough week for Bitcoin. The price has fallen more than 8 percent and dipped below $10,000 on three consecutive days. Analyst Willy Woo, though, thinks it’s all looking good. He believes that on-chain indicators, such as the NVT ratio, suggest a bullish outlook, while Su Zhu of Three Arrows Capital believes that a surge to $100,000 is more likely than a fall to $5,000.

The son of gold investor and Bitcoin critic Peter Schiff is convinced. The 18-year-old college freshman just bought some more Bitcoin, against his father’s advice. Asked whether they want to follow the student who’s never had a job or the 30-year investment professional, Twitter picked the Bitcoin fan.

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