McFinance Newsletter

 Hello McFinancers! The latest in financial news: two European Central Bankers believe that the value of Bitcoin is zero, Nvidia exceeded their earning report this week, and is the future of infrastructure decentralized. European Central Bankers Says Bitcoin Is Worthless In recent weeks, two officials from the European Central Bank, Ulrich Bindseil and Jürgen Schaaf, have expressed their belief that Bitcoin holds no intrinsic value. Their argument revolves around Bitcoin's failure to achieve its original goal of becoming a decentralized currency, citing its comparatively sluggish transaction speeds, criminal use, and fraud. Its transaction speed is much slower in contrast to centralized entities like Visa and Mastercard. The officials have further contended that Bitcoin is frequently exploited for fraudulent activities. Criminals have always used the latest technology in schemes. They were able to counterfeit the US dollar for years but that didn’t prevent the people from using the...

 Hello McFinancers! The latest in financial news: A review of the spot Bitcoin ETFs after 1 month, Japan entering a recession, and mortgage rates continue to rise since the start of the new year. Bitcoin ETF Review Celebrating its one-month milestone, Bitcoin ETFs have delivered impressive results. Among the 11 ETFs approved last month, five have already exceeded $1 billion in assets under management (AUM), indicating a significant surge in interest from investors looking to allocate a portion of their portfolio to Bitcoin. The growing influx of funds into Bitcoin ETFs reflects a clear desire among investors to gain exposure to the cryptocurrency. Notably, Fidelity's decision to include a small allocation to Bitcoin in their all-in-one funds has gained attention. The current news paints a bullish picture for Bitcoin, driven by heightened demand. When considering the impending reduction in supply due to Bitcoin halving its mining rewards in April 2024, the stage is set for a substan...