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  • Watch: Chris Vermeulen is now 100% in cash ahead of Bitcoin, stock market crash
    Stocks and Bitcoin rally on Thursday, but this is just a "dead cat bounce," said Chris Vermeulen, chief market strategist at The Technical Traders.com.

    Vermeulen told David Lin, anchor for Kitco News, that stocks show selling signs, and while Bitcoin has some more upside left in this bounce, he expects major resistance at the $50,000 level.

    For these reasons, Vermeulen is 100% allocated into cash right now.

    Visit The Technical Traders.com at https://www.thetechnicaltraders.com/..

    0:00 - Bitcoin cycles
    11:34 - Equity market, 100% cash
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      • 1
      Francisco Gimeno - BC Analyst Is there a "dead cat bounce" in crypto? Early to say yet, prices are in a balance and everyone has an opinion. But in this market precaution sounds better than boldness, when one doesn't know if there is just a big correction or it's a full crash. Hodlers Hodl, and speculators sell fast before losing more money. What's your opinion?
  • Recommended Watch: Fed to consider 'possibility of issuing' central ba...
    CNBC's Steve Liesman reports on how the Federal Reserve may consider issuing a digital currency.
      • 1
      Francisco Gimeno - BC Analyst CBDCs are in the news. Governments were dismissing them not so long ago, but the trend s changing (and remember, the crypto market also moves for geopolitical reasons). China is well ahead of everyone, so USA, EU and others are trying to countermove this advance which has global consequences.
  • Strongly Recommended Watch: Treasury announces new crypto tax reporting requirem...
    CNBC's Ylan Mui reports on the Treasury Department's new reporting requirements as it tries to target the 'tax gap'.
      • 1
      Francisco Gimeno - BC Analyst This is happening all around. As the cash poured into crypto increases, the need to tax exchanges, transactions, etc becomes important. We are entering a new era of regulations in crypto, which at the beginning will probably be full of hurdles because of the decentralised nature of the digital economy. But there it is. Take care out there.
  • Recommended Watch: Bitcoin is great tech, but its days are almost over, says Tok...
    CNBC's "Squawk on the Street" team discusses cryptocurrencies seeing volatility with Ian Balina, founder and CEO of Token Metrics.
      • 1
      Francisco Gimeno - BC Analyst Bitcoin is a great technology. Nobody doubts about it. What is happening now in the markets won't devalue that. And soon or later a new generation of crypto, what we can call crypto.2 will come and offer a new crypto ecosystem far away from speculative movements. BTC maybe continuing as a store of value, ETH as the platform where everybody can work, and others and new ones which will offer real solutions to digital economy.
      • 1
      Francisco Gimeno - BC Analyst Bitcoin is a great technology. Nobody doubts about it. What is happening now in the markets won't devalue that. And soon or later a new generation of crypto, what we can call crypto.2 will come and offer a new crypto ecosystem (but BTC will continue there) far away from speculative movements. Looking at the big picture and the future, don't accept FUD, but be rational and use common sense.
  • Recommended Watch: Bitcoin is 'a giant pyramid scheme,' says Pinboard ...
    CNBC's "TechCheck" discusses the bear case on bitcoin with Maciej Ceglowski of Pinboard.
      • 1
      Francisco Gimeno - BC Analyst Is this FUD or a picture of what is going on? There are so many opinions out there. We believe the crypto space has a lot of space where anything can happen. Many retail investors are going to lose their money as they don't understand the fundamentals of a market, and have been blinded by the glitter. Others will manage and travel the rough seas. What do you think?
  • Highly Recommended WATCH: Democratizing AI
    During the pandemic we have heard so much about the enormous promises of technology – and these promises are certainly real. During a discussion Michael Avery had with Vodacom CEO Shameel Joosub, he revealed that, using AI and machine learning, the mobile operator could tell your credit risk based on what time you woke up and started using your phone in the morning. But the technology might also alter human society and the very meaning of human life in ways we don’t spend enough time thinking about. As Youval Harari points out these range from the creation of a global useless class to the rise of data colonialism and of digital dictatorships. Avery sat down with Dr Jacque Ludik, the founder and CEO of Cortex Logic, the Machine Intelligence Institute of Africa and author of Democratizing Artificial Intelligence to benefit everyone & Johan Steyn, Chair of The Institute of Information Technology Professionals South Africa Special Interest Group on Artificial Intelligence and Robotics, to talk about the promise, challenge and democratisation of AI.
      • 1
      Francisco Gimeno - BC Analyst AI is already changing everything. And this can be a blessing or a disaster, depending on how we handle it. There are those who would love to control AIs for their own benefit. As Jacques Ludik proposes, AI should be the motor of change to democratise everything, changing each and every part of society and live, from education to work, to health, finances, anything you can think. Watch this amazing interview.
  • Watch: What Elon Musk Just Said About Bitcoin And Why We Should All Pay Attentio...
    BTIG's Julian Emanuel says expect more volatility around Bitcoin and cryptocurrencies. He's on "Bloomberg Markets."
      • 1
      Francisco Gimeno - BC Analyst "Elon what have you done?""Hodl!" "Buy the dip!", "BTC is a Tulip!", etc. The biggest crash in some years and some panic in the markets. To forecast what is going to happen is real difficult. ESG issues on BTC and crypto, and a huge debate on what this all means is not helping at all to the recovery. Be careful out there.
  • Watch: Why Bitcoin Fell So Far, So Fast
    BTIG's Julian Emanuel says expect more volatility around Bitcoin and cryptocurrencies. He's on "Bloomberg Markets."
      • 1
      Francisco Gimeno - BC Analyst Institutional money helped to ease volatility in this market. So this crash has been surprising for many, who believed any correction wouldn't be so bad. The volatility will continue. We have to see what the whales, and overall institutions are going to move in these following days.
  • Watch: Galaxy Digital's Novogratz on bitcoin's plunge: These are setba...

    Michael Novogratz, founder and CEO of Galaxy Digital, joins "Squawk Box" to discuss the selloff in cryptocurrency. Subscribe to CNBC PRO for access to investor and analyst insights on crypto and more: https://cnb.cx/2BT2E7y

    Mike Novogratz, a major cryptocurrency investor, told CNBC on Wednesday that the breakdown in bitcoin won’t be fixed quickly.

    The Galaxy Digital founder said on “Squawk Box” that bitcoin’s morning plunge feels like capitulation.

    Novogratz also called it a “liquidation event,” as bitcoin overnight fell below $40,000 for the first time in 14 weeks and then dropped to below $31,000 at the morning’s low. That put it down more than 25% in the past 24 hours alone. That’s also a decline of more than 50% from last month’s all-time high near $65,000.

    “Humpty Dumpty never gets put back together in two days ... when he cracks. It’s going to take a while. The market will consolidate. It will find a bottom somewhere. I’m hoping its close to here,” Novogratz said, suggesting it could be around $36,000 to $38,000.

    Bitcoin repaired some of the damage later Wednesday, climbing back above $40,000 per token.

    “The story hasn’t gone anywhere. This crypto revolution has happened, but these are certainly setbacks for the wallets and for the investor base. People lost a lot of money, so they’ll dust themselves off,” Novogratz added.

    One factor that had been thought to be fueling bitcoin’s surge to its April all-time high was institutional adoption, including companies buying the cryptocurrency as an investment and some financial firms taking steps to provide clients exposure.

    However, a recent note from JPMorgan said institutional investors have recently ditched bitcoin in favor of gold. Asked about those findings from JPMorgan, Novogratz remained optimistic on the long-term adoption picture.

    “I see a movement. I was out with two bank CEOs in the last month” and both of them were fascinated with decentralized finance, he added. “I just see an inexorable move from financial institutions and tech companies into the crypto space.”

    Novogratz had told CNBC on Tuesday he felt bitcoin was likely to consolidate into a training range between $40,000 and $55,000. And while that lower bound has already been breached, the former hedge fund manager said he saw $40,000 as an attractive entry point for buyers.

    At Wednesday morning’s low, bitcoin was still up more than 215% in the past 12 months and around 6% higher year to date.

    Novogratz said he believes several factors are behind bitcoin’s major backslide in recent weeks, including comments from Tesla CEO Elon Musk, who criticized the cryptocurrency’s environmental impact while announcing the electric-vehicle maker would stop accepting it as payment.

    “A lot more people own crypto. Crypto has seeped into pockets all over our society and you had a confluence of events — a combination of tax day, Elon Musk tweets, whatnot, where you started breaking down the positivity in the price action, and now we’ve got a liquidation event,” Novogratz said.

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    Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

    The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n...
  • Watch: Ark's Cathie Wood Says U.S. Set Up for 'Massive' Deflation
    Cathie Wood, chief executive officer and chief investment officer at Ark Investment Management, says the correction in commodities prices is one sign that the U.S. economy is poised for a "massive" period of deflation. She speaks with Bloomberg's Carol Massar at The Bloomberg Businessweek event.
  • Watch: Could digital currencies put banks out of business? | The Economist
    Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking.
  • Watch: New OCC Chief Michael Hsu Signals Greater Caution on Crypto
    Register here for Consensus: https://www.coindesk.com/events/conse... .
    Join us at the largest event in the emerging world of digital finance. Speakers include Ray Dalio, Caitling Long, Jamson Lopp, and more. May 24th -27th.

    Michael Hsu, the new acting OCC chief, is requesting to review all of the federal bank regulator's pending matters, interpretative letters and guidance, including issues around digital assets and cryptocurrencies. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De explains what to expect.
  • Watch: 'Crypto is the next microbubble to get pricked,' says Chief Inv...
    Liz Ann Sonders, Chief Investment Strategist at Charles Schwab joins Yahoo Finance Live to discuss the state of crypto amid the pandemic and outlook for Bitcoin.
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  • Watch: Bitcoin: CoinShares Chief Strategy Officer discusses plunge below $35,000
    Meltem Demirors, CoinShares Chief Strategy Officer, joins Yahoo Finance's Zack Guzman and Akiko Fujita to discuss bitcoin's plunge.
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  • Watch: Ark's Cathie Wood Says Bitcoin Will Still Hit $500,000
    Cathie Wood, chief executive officer and chief investment officer at Ark Investment Management, says Bitcoin is "on sale" right now, although it is not necessarily at a bottom. She speaks with Bloomberg's Carol Massar at The Bloomberg Businessweek event.
  • Watch: Are we in a new 'roaring twenties' market?
    Joe Terranova, Virtus Investment Partners senior managing director, joins 'The Halftime Report' to discuss why he doesn't think a new "roaring twenties" will happen in today's markets. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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  • Recommended Watch: Bitcoin price plummets to $30k, Gareth Soloway's last ta...
    The Bitcoin price tumbled to $30,000 Wednesday as risk assets sell off across the board.

    Gareth Soloway, chief market strategist of InTheMoneyStocks.com discusses with David Lin, anchor of Kitco News, whether or not to buy the dip now.

    __________________________________________________________________
    Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

    Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

    For more breaking news, visit http://www.kitco.com/
  • Read This: Bitcoin tumbles below $39,000 after China issues warning - France 24 (france24.com)
    Bitcoin plunged below $39,000 for the first time in more than three months Wednesday after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading in them, despite the country powering most of the world's mining.

    The comments sent the unit diving more than 10 percent and dealt it another blow soon after being battered by comments from tycoon Elon Musk and his Tesla car company.

    Trading in cryptocurrencies has been banned in China since 2019 to prevent money laundering as leaders try to stop people from shifting cash overseas. The country had been home to around 90 percent of the global trade in the sector.

    And in a statement, three state-backed industry associations said "cryptocurrency prices have skyrocketed and plummeted, and cryptocurrency trading speculation activities have rebounded".

    The price fluctuations "seriously violate people's asset safety and disrupt normal economic and financial order", said the statement, which was posted to social media by the People's Bank of China.

    The notice warned consumers against wild speculation, adding that the "losses caused by investment transactions are borne by the consumers themselves", since Chinese law offers no protection to them.

    It reiterated that providing cryptocurrency services to customers and crypto-based financial products was illegal for Chinese financial institutions and payment providers.

    Linghao Bao, analyst at Trivium China, said despite the ban Chinese investors can still find ways to buy cryptocurrencies through illegal vendors."There will always be a way to circumvent regulations," he said.

    "The point of this order is to tell financial institutions to up their game to detect these crypto-related transactions.

    "Bitcoin tumbled Wednesday from $45,600 to $38,570, its lowest since early February, and well off the record high of $64,870 seen last month. It later edged back above $40,000 but analysts have warned it could test as low as $30,000.

    "This is the latest chapter of China tightening the noose around crypto," Antoni Trenchev, managing partner and co-founder of London-based crypto lender Nexo, said.- 'Here to stay' -Adam Reynolds, of Saxo Markets, added that avoiding use of cryptocurrency, which can be transferred out of the country, is "essential to maintaining capital controls" in China.

    Bitcoin has had a torrid few days. It took a heavy hit at the start of the week after Musk appeared to suggest Tesla was planning to sell its huge holdings of the unit. And that came days after the electric car giant said it would halt using it in transactions because of environmental concerns.

    "Elon Musk started the ball rolling," Germany-based crypto analyst Timo Emden told AFP. "It will take some time for them to recover from this shock."Mining cryptocurrency is a hugely energy-intensive process requiring large amounts of electricity in giant data centres.

    China, which powers nearly 80 percent of the global cryptocurrency trade, relies on a particularly polluting type of coal, lignite, to power some of its mining.

    "If bitcoin was a country, it would use around the same amount of electricity a year to mine as Switzerland does in total," Deutsche Bank analysts said in a note.

    However, some Chinese enthusiasts remained unfazed."This has happened before and it happens every year... Crypto is here to stay," said trader and ex-tech industry worker Zeng Jiajun.

    The Hong Kong Bitcoin Association tweeted, "It is customary for the People's Bank of China to ban bitcoin at least once in a bull cycle.

    "China is in the midst of a wide-ranging regulatory crackdown on its fintech sector, whose biggest players -- including Alibaba and Tencent -- have been hit with big fines after being found guilty of monopolistic practices.

    The central bank has also sought to promote its own heavily regulated digital yuan, which it is testing across the country in pilot schemes.-- Bloomberg News contributed to this story --
      • 1
      Francisco Gimeno - BC Analyst BTC has been declared dead more than 200 times since its inception, and China regularly warns against its use from time to time. What is different now? there is a feeling of disconnection, of not knowing what is going to happen at this moment of strong correction. Will it go further down? Or will be just another correction in a slow bull market? Many think this one is a change of turn on the wheel, and has deep consequences for the market. Take care out there.
  • Read This: Bitcoin (BTC) price plunges below $40,000, but bottom could be near (cnbc.com)
    Bitcoin fell sharply on Tuesday, continuing a major sell-off that began a week ago.The digital currency fell over 13% to hit an intraday low of $38,585.86 at around 12:54 a.m. ET, according to CoinDesk data. It was the lowest level since Feb. 9, the last time it dropped below $40,000.

    As of 4:30 a.m. ET, bitcoin was trading above $40,000 again, but still down by about 12%.

    Negative news over the past week has dampened sentiment for bitcoin.On May 12, Tesla CEO Elon Musk said the electric carmaker had suspended vehicle purchases using bitcoin, citing environmental concerns over the so-called computational “mining” process.

    This is where high-powered computers are used to solve complex mathematical puzzles to enable transactions using bitcoin.    Musk’s comments caused over $300 billion to be wiped off the entire cryptocurrency market that day.

    The announcement to suspend bitcoin payment came just three months after Tesla revealed that it bought $1.5 billion worth of bitcoin, and would start accepting bitcoin in exchange for its products.

    Early this week, the Tesla CEO suggested the company may have sold its bitcoin holdings but later clarified that it has “not sold any Bitcoin.

    ”    Then on Tuesday, three Chinese banking and payment industry bodies issued a statement warning financial institutions not to conduct virtual currency related business, including trading or exchanging fiat currency for cryptocurrency.

    China’s hard line on digital currencies is not new. In 2017, authorities shut down local cryptocurrency exchanges and banned so-called initial coin offerings (ICOs), a way for companies in the space to raise money through issuing new digital tokens.

    Traders in China once accounted for a huge share of the bitcoin market but after the crackdown, their influence was reduced significantly. Chinese cryptocurrency operations have moved abroad.

    Bitcoin is still up 40% year-to-date and more than 300% in the last 12 months.Other cryptocurrencies also plunged. Ether, the digital currency that powers the Ethereum blockchain, was down nearly 16% at $2,960.29 at 4:30 a.m. ET.

    Dogecoin, a cryptocurrency that started as a joke and has been talked up by Musk, fell 16% to $0.4189.    Around $270 billion had been wiped off the entire value of the cryptocurrency market in 24 hours as of 4:30 a.m. ET.

    Close to a bottom for bitcoin?


    Bitcoin is off by about 38% from its all-time high of $64,829.14 which was hit in mid-April.Vijay Ayyar, head of business development at cryptocurrency exchange Luno, said that a 30% to 40% pullback is “normal” during bitcoin bull markets.

    “So this is very much expected after we topped out at 64K ($64,000),” he said.

    Ayyar pointed to a roughly 35% correction in January as well as similar falls during the huge run-up in bitcoin’s price in 2017.    “We are definitely close to a bottom” around $38,000 to $40,000, he said.

    Galaxy Digital CEO Novogratz on bitcoin, crypto and ESG concernsBitcoin bull Mike Novogratz told CNBC on Tuesday that he sees $40,000 as a buying level for the digital currency.

    The investor, who runs cryptocurrency financial services and investment management Galaxy Digital, said he expects bitcoin to consolidate in a trading range between $40,000 to $55,000.

    “Then we’ll have another leg up. And I say that not just by guessing. We see institutions moving in, and it takes them a while,” Novogratz said.
      • 1
      Francisco Gimeno - BC Analyst If CNBC is right then the price won't go very much down from what it's now. But not everybody believes that. It could easily go to 32k or less. everything depends on how institutions will move, even more important than the Whales. If there is trust yet, BTC will go up. If there is no confidence by institutions which were feeding the bull run, then the scenery will be complicated.
  • Recommended Watch: BITCOIN BRUTAL CAPITULATION -90% Losses Coming or Not Yet? Iv...
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      • 1
      Francisco Gimeno - BC Analyst If you have invested in BTC, get prepared for anything happening this time. Use your common sense (as you also hear in this video), and remember that this is an infant market yet. There are many "ifs" yet to know what is going to happen. Strong corrections have came before. But if we see 32k and lower, be prepared for a possible bear market. Be careful out there.
  • Watch: Gold Price to $10,000: "A Work of God, Bitcoin Still Corruptible&quo...
    Chris Mancini, a senior analyst for Gabelli Funds who manages a $2 billion dollar precious metals fund, doubles down on his call for $10,000 gold, saying, ultimately it is the "endgame."

    Speaking with our Daniela Cambone, Mancini talks the road to his bullish price prediction for the yellow metal. Mancini also sticks by his words on bitcoin, saying it is the work of man and corruptible, he said, gold is and will always be the ultimate currrency.

    #gold #bitcoin #crypto

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      • 1
      Francisco Gimeno - BC Analyst There is no doubt gold is going to be for long time an economic standard for society. This doesn't mean it's better or worse than crypto. There is no comparison. The digital economy doesn't need physical gold. Crypto in a digital 4th IR economy is the gold of a fiat economy. Whatever happens, it should be for the improvement of financial and economic sector all around.
  • Recommended Watch: Bitcoin slides to multi-month lows as China tries to ‘ban’ cr...
    Bitcoin tumbles to February lows as the People’s Bank of China (PBOC) issued a stark warning about Bitcoin.

    According to the PBOC’s official WeChat account, cryptocurrencies should not be used in financial markets or the real economy because they are not “real” currencies.

    Vincent Chok, CEO of First Digital Trust, said that the government is trying to de-legitimize Bitcoin ahead of the launch of the digital Yuan.

    Ultimately, however, Bitcoin and central bank digital currencies will co-exist, as they each serve different functions.

    0:00 - China warns about Bitcoin
    3:02 - Institutional adoption of Bitcoin
    5:10 - Bitcoin & stable coins as form of payment
    9:16 - DeFi adoption
    10:34 - Central bank digital currencies
    15:00 - Crypto regulations

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    Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

  • Listen: CBDCs Aren't About Money, They're About Power
    On this week’s “Long Reads Sunday,” NLW reads Sune Sorenson’s “China Is Opting Out of US-Run Financial System.” He also discusses recent pieces by Niall Ferguson and The Economist that point to a growing conversation about CBDCs that is fundamentally about power and the global system.

    -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id... Spotify: https://open.spotify.com/show/538vuul... Google: https://podcasts.google.com/feed/aHR0... Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW The Breakdown is produced and distributed by CoinDesk.com
      • 1
      Francisco Gimeno - BC Analyst The financial world is changing so fast now. Many think only about ciphers, numbers and stocks. But finances have been always used to control and get more power than your competitor. In politics now everything is about China and USA (Wall Street and USD under the Fed). Digital currencies are going to be used to show power.
  • Watch ESG Investing: The Academic Perspective | London Business School
    Henri Servaes, Richard Brealey Professor of Corporate Governance;
    Professor of Finance, London Business School. Prof Servaes discusses the evidence for ESG investing at the AQR Asset Management Institute’s Insight Summit Conference 2019.

    For more information: https://www.london.edu/faculty-and-re...
      • 1
      Francisco Gimeno - BC Analyst ESG investing is coming upfront as consequence of the latest happenings on crypto compounded by the global issues of the Pandemic and climate emergency crisis. Essentially there is a new commitment to invest responsibly in the new reality, going beyond showing a fake image and marketing. ESG shows good business.
  • Recommended ESG Understanding: The Rise Of ESG Investing
    ESG is a catch-all term for investing strategies that consider a company’s environmental, social and governance factors. ESG investing is predicted to surge following the coronavirus pandemic and demonstrations over racial justice. Consumers and Wall Street investors alike are increasingly holding companies accountable for their performance on environmental, social and governance benchmarks—or ESG, for short. Here's how ESG investing could transform the financial and business industry.

    Before the police killing of George Floyd in Minnesota and before Covid-19 forced corporate America into lockdown, companies were being singled out for social responsibility.

    It’s a trend that began to accelerate well before the current crises, and has now gone mainstream.

    “Investors were really flocking to ESG strategies,” said Valerie Grant, senior portfolio manager of responsible investing at AllianceBernstein. “For ETFs, there were $8 billion inflows into ESG strategies. And for mainstream funds, the flows were $12 billion.”

    While critics have called ESG investing vague and even a fraud, analysts predict it will double in 2020 and become integrated into the investment decisions of every investor.

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      • 1
      Francisco Gimeno - BC Analyst We are sure there are companies which use the word ESG for pure marketing, as some time ago they were using Social Corporate Responsibility. On the other side there are which will put only ESG as strategy. There has to be a balance, where investors can check how the companies they invest in work on terms of governance, environment and social issues, avoiding both taps of fake marketing and sterile wokeness.