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Cryptocurrency News Articles
Robin Brooks Insists Bitcoin Is "Just Another Bubble Asset" Despite Recent Gains
Nov 02, 2024 at 04:10 am
Robin Brooks, former chief economist at the Institute of International Finance, continues to insist that Bitcoin is "just another bubble asset" despite the substantial gains that were recently recorded by the flagship cryptocurrency.
Robin Brooks, a former chief economist at the Institute of International Finance, has downplayed the recent rally in Bitcoin, attributing it to an interest rate cut by the Federal Reserve.
Despite Bitcoin's substantial gains, Brooks maintains his stance that it is "just another bubble asset."
This claim has drawn attention following Bitcoin's recent rally, with some supporters using Brooks's past statements to bolster their arguments.
However, Brooks has clarified that his original post was not a directional call on the cryptocurrency's price.
Bitcoin's price plunged sharply in 2022 as the Fed began hiking rates aggressively to curb soaring inflation.
The cryptocurrency experienced a strong rally in early 2024, coinciding with the ETF boom.
In September, the Fed implemented its first rate cut since 2020, which helped boost the prices of risk assets, including Bitcoin.
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- Morgan Stanley's Bitcoin ETF Holdings Soar Past 10,500 BTC, Signaling Wall Street's Deepening Crypto Embrace
- Oct 06, 2026 at 08:05 am
- Morgan Stanley's Bitcoin ETF now holds over 10,500 BTC, a significant milestone showcasing growing institutional demand for Bitcoin exposure through regulated channels, amidst broader market volatility.
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- Crypto PACs Flex Muscle in US Midterms: Fairshake Backs House Candidates, Eyes Ohio Senate
- Oct 06, 2026 at 07:55 am
- Crypto PACs are making big moves in the 2026 US midterms, with Fairshake allocating millions to House candidates and eyeing a significant spend in Ohio's Senate race, signaling a bipartisan push for digital asset clarity.
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- Strategy Stock Surges as Bitcoin Holdings Hit Record High; MSTR Stock Shows Resilience Amidst Strategic Capital Allocation
- Oct 06, 2026 at 07:45 am
- Strategy stock gains traction following a significant Bitcoin purchase, expanding its crypto treasury to a new peak. MSTR stock and preferred shares exhibit volatility.
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- Zcash Finds Its Voice in Washington Amidst Rising AI Fraud Concerns
- Oct 05, 2026 at 03:55 pm
- Zcash's advocacy group, PGPZ, establishes a lobbying presence in Washington to champion privacy-preserving digital cash, while the financial world grapples with a €95 million AI voice scam, highlighting the dual nature of emerging tech.
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- Silver Price Prediction: Market Brace for Volatility Amidst Wild Forecasts and Key Support Levels
- Oct 05, 2026 at 12:05 am
- Silver is navigating a volatile landscape, with an analyst predicting an audacious climb to $1,100 by 2031 while near-term focus remains on critical support at $46-$50 and resistance at $67.543, following recent weak US jobs data and a reported $850 billion precious metals sell-off.
