Bitcoin price spiked above the key $3,860 resistance level, but it failed to gain pace against the US Dollar.The price is trading in a range below the $3,860 and $3,900 resistance levels.There is a short-term ascending channel in place with support at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could dip towards the $3,740 support level before a fresh rebound towards $3,860.Bitcoin price is stuck in tiny ranges below the $3,860 resistance against the US Dollar. BTC could correct lower, but dips remain supported above the $3,740 and $3,720 levels.Bitcoin Price AnalysisThis week, we saw a strong resistance near the $3,860 level in bitcoin price against the US Dollar. The BTC/USD pair made a couple of attempts to break the $3,860 resistance, but it failed. There was even a bearish reaction below $3,700, but the price quickly recovered after trading as low as $3,651. It bounced back and settled above the $3,800 support level. Recently, there was a sharp upward move above the $3,860 resistance, but buyers failed to gain pace.A swing high was formed at $3,885 and later the price trimmed gains. It broke the 23.6% Fib retracement level of the recent wave from the $3,651 low to $3,885 high. However, the $3,770 and $3,760 levels acted as supports. Besides, the 50% Fib retracement level of the recent wave from the $3,651 low to $3,885 high acted as a support. At the moment, the price is trading near the $3,800 support and the 100 hourly simple moving average. More importantly, there is a short-term ascending channel in place with support at $3,800 on the hourly chart of the BTC/USD pair.The pair might break the channel support, but it could find support near the $3,750 or $3,740 level. The latter support represents the 61.8% Fib retracement level of the recent wave from the $3,651 low to $3,885 high. On the upside, the main resistance is at $3,860, followed by the $3,900 barrier. A successful close above $3,900 may perhaps open the doors for more upsides towards the $4,000 and $4,050 levels.Looking at the chart, bitcoin price clearly stuck in a tiny range below the $3,860 resistance. There could be more range moves, with a bearish angle before buyers attempt to clear the $3,860 resistance. On the other hand, a break below $3,740 might push the price towards the $3,650 support.Technical indicatorsHourly MACD – The MACD is mostly flat in the bullish zone.Hourly RSI (Relative Strength Index) – The RSI for BTC/USD seems to be struggling to settle above the 50 level.Major Support Level – $3,800 followed by $3,740.Major Resistance Level – $3,850, $3,860 and 3,900.
Archives for February 2019
John C. Malone, the single largest owner of land in the United States, sustained a devastating portfolio hit portfolio Thursday.
As the largest shareholder of Qurate Retail (NASDAQ:QRTEB), Malone had the most on the line when the company announced paltry fourth-quarter earnings. The company’s fourth quarter earnings were positive, but they didn’t satisfy the analyst’s community’s EPS consensus.
Qurate shares sunk 20.5 percent on the day, dragging the company’s market cap down with it.
Malone controlled 40 percent of all Qurate common stock as of January 31 earlier this year. When the company shed 20 percent of its value, or $1.7 billion, on Thursday, Malone ate the brunt of that loss. Specifically, he suffered a hit of about $680 million.
Who is John C. Malone, Anyway?
The tentacles of this man’s empire stretch far and wide. Malone serves as chairman of Qurate Retail, Inc, which is a subsidiary underneath the umbrella Liberty Global network. He was born Milford, Connecticut and is 77 years old, but he’s mentioned in the press as a below-the-radar billionaire who lives on a ranch in Colorado, hence the “cable cowboy” nickname.
Liberty Global was on pace to generate $15.5 billion in revenues last year and is considered “the world’s largest international TV and broadband company.” Liberty Media, for example, is the largest shareholder in SiriusXM. (acquired Pandora for a cool $3.5 billion last fall.)
His portfolio includes stakes in Discovery Communications as well as the Atlanta Braves professional baseball club. In 2016, Lionsgate bought Starz for approximately $4.4 billion. Malone controlled Starz when it was acquired, and he reportedly retains a stake in the merged company.
He owns more than 2.2 million acres of real estate in the U.S. across nine states, and Bloomberg pegs his net worth north of $8 billion in total. His net worth is a whopping 142,464 times greater than what the median U.S. household makes in a 12 months.
The U.S. federal government owns 640 million acres of land, which is good for about 28 percent of the country’s 2.27 billion acres.
Buy the bounce?
After a brutal day for Qurate, a dead-cat bounce looks like it might be a viable trade for some bullish traders out there. Qurate breached its previous 52-week low of $18.04.
With the last trade executing at $18.01, according to TradingView, Qurate shares are now sitting squarely in oversold territory.
The total crypto market cap is facing a lot of hurdles near the $126.0B and $128.0B resistances.EOS price is currently consolidating above the $3.50 support and preparing for the next move.Binance Coin (BNB) gained more than 10% and broke the $10.80 resistance area.Bitcoin cash price is struggling below the $135 resistance level.Tron (TRX) price broke the key $0.0240 support level to move further into a bearish zone.The crypto market recovered nicely, but bitcoin (BTC) and Ethereum (ETH) faced many hurdles. However, Binance coin (BNB) rallied recently, while BCH, ripple, EOS, TRX and ADA traded in a range.Bitcoin Cash Price AnalysisBitcoin cash price failed to stay above the $135 support and declined recently against the US Dollar. The BCH/USD pair tested the $130 support level and late recovered. The price is currently trading above the $132 level, but it is facing a lot of hurdles near the $134 and $135 resistance levels.If the price declines again, it could retest the $130 support. Any further losses could push the price towards the $126 and $125 support levels in the near term.EOS, Tron (TRX) and BNB Price AnalysisEOS price trimmed its last week’s gains and traded below the $2.80 and $2.65 support levels. It is currently consolidating above the $3.50 support level, with a minor bullish angle. Buyers need to break the $2.60 and $2.65 resistance levels to start a decent upward move. On the downside, a break below $3.50 might push the price towards $3.40.Tron price is facing an increase in selling pressure below the $0.0250 support. TRX price recently broke the $0.0242 and $0.0240 support levels to move further into the bearish zone. The next key support is at $0.0235.Binance coin (BNB) performed really well and broke the $10.20 and $10.50 resistance levels. BNB price even broke the $10.80 level recently and it seems like it could trade above the $11.00 barrier in the coming sessions. The next key resistance is at $11.20 and supports are $10.80 and $10.50.Looking at the total cryptocurrency market cap hourly chart, there was a sharp rebound from the $120.0B support level. The market cap moved above the $122.0B and $125.0B resistance levels. However, it faced a strong resistance near the $128.0B level and the 100 hourly simple moving average. There is also a bearish trend line with resistance at $126.0B on the same chart. A successful close above the $126.0B and $128.0B levels is must for buyers to gain traction. If there is an upside break, it could help bitcoin, ETH, tron, litecoin, EOS, ripple, ADA, stellar, BNB, BCH, XMR and other altcoins in the short term.
Ripple price found a strong support near the $0.3000 and $0.3020 levels against the US dollar.Yesterday’s highlighted key declining channel was breached with resistance near the $0.3110 level on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is currently trading inside a short term triangle with resistance at $0.3155.XRP could make the next move and climb above the $0.3180 and $0.3200 resistance levels.Ripple price is showing a few positive signs against the US Dollar and bitcoin. XRP/USD recently broke a key resistance and it could continue to rise towards $0.3200 and $0.3250.Ripple Price AnalysisYesterday, we saw a nasty decline below the $0.3200 and $0.3150 supports in ripple price against the US Dollar. The XRP/USD pair even spiked below the $0.3000 support and traded as low as $0.2980. Later, the price started an upside correction and moved above the $0.3050 resistance. There was a break above the 23.6% Fib retracement level of the last slide from the $0.3390 high to $0.2980 swing low.Later, the price gained traction and broke the $0.3100 resistance and the 100 hourly simple moving average. Moreover, yesterday’s highlighted key declining channel was breached with resistance near the $0.3110 level on the hourly chart of the XRP/USD pair. The pair tested the $0.3150 resistance level and later started trading in a range. At the moment, the pair is trading inside a short term triangle with resistance at $0.3155 on the same chart. Above the triangle, an immediate resistance is near the $0.3185 level. It coincides with the 50% Fib retracement level of the last slide from the $0.3390 high to $0.2980 swing low.If there is a break above the $0.3185 and $0.3200 resistance levels, the price could continue to move higher. The next key resistance is near the $0.3250 level. An intermediate resistance could be $0.3235 and the 61.8% Fib retracement level of the same wave. On the other hand, if the price fails to climb above $0.3150 and $0.3185, it could decline towards the $0.3050 support. The main support is at $0.3000, below which the price could turn bearish.Looking at the chart, ripple price is currently trading in a positive zone above the $0.3050 and $0.3080 supports. Having said that, buyers need to gain pace above $0.3150 and $0.3185 to set the pace for more upsides in the near term.Technical IndicatorsHourly MACD – The MACD for XRP/USD is currently flat in the bullish zone.Hourly RSI (Relative Strength Index) – The RSI for XRP/USD managed to move above the 50 level, with a positive bias.Major Support Levels – $0.3080, $0.3050 and $0.3020.Major Resistance Levels – $0.3150, $0.3185 and $0.3200.
With February’s crypto market activity now etched in the record books, signs are emerging that a long crypto winter may be close to an end.
The total market value of all cryptocurrencies jumped 14.14 percent over the 28-day period – the first monthly gain since July, according to CoinMarketCap, largely due to signs of life in bitcoin. The leading cryptocurrency by market capitalization, BTC appreciated by 12.1 percent to end February by breaking its record six-month losing streak.
But while BTC lifted the broader market, lesser-known names like Maker (MKR), Theta Token (THETA), Enjin (ENJ) and Metronome (MET) outshined with double-digit gains.
Of the four, MKR was the month’s best performing large-cap cryptocurrency, defined as one with a market capitalization above $500 million. THETA was the outperformer from the mid-cap group, while ENJ and Metronome (MET) were the top entries from the small- and micro-cap groups, respectively.
The data and analytics website Messari segments cryptocurrencies on the basis of their market cap as follows: large caps (>$500 million), medium caps ($100 million -$500 million), small caps (<$100 million) and micro caps (<$10 million).
Let us now dive into their individual performance details:
MAKER (large cap)
Monthly performance: 83.6 percent
All-time high: $1,763.64
Closing price February 28: $675
Market capitalization February 28: $668.1 million
Maker (MKR) topped the large-cap segment with an 83.6 percent gain over the course of February and was able to reach $773 on February 24 – its highest price since early October.
As it stands, MKR is the second most expensive cryptocurrency in the entire market after the world’s largest, bitcoin. MKR is one of two separate digital assets operating within the MakerDAO ecosystem along with its subsidiary stablecoin Dai (DAI).
MKR tokens are created or destroyed depending upon certain price fluctuations of DAI in order to keep the stablecoin pegged to the USD.
CoinDesk recently reported a substantial increase in Maker’s Collateralized Debt Positions, with the total amount of ether locked up in MakerDAO loans now having crossed above 2 million, a notable feat amid the crypto winter.
The monthly price chart indeed reflects the degree of bullishness that took place. As can be seen above, the monthly candlestick has engulfed the three prior months and closed above its 14-month long falling channel – both of which suggest more bullish price action will be seen in MKR’s near future.
Monthly performance: +167 percent
All-time high: $0.31
Closing price February 28: $0.1414
Market capitalization February 28: $123.8 million
Theta token dominated the mid-cap segment this month, boasting a 167 percent rise to close out February as one of the top performing cryptocurrencies in the entire market.
The nearest mid-cap contender to Theta’s impressive showing was Ontology (ONT) which stood at 64.1 percent over the 28-day period.
Theta is an open-source protocol that enables a decentralized streaming network which, in partnership with SLIVER.tv, offer esports entertainment, peer-to-peer streaming and allows for decentralized apps (dapps) to be built on top of the platform.
It could be speculated that the majority of Theta’s bullish momentum is attributed to positive project developments within the Theta ecosystem.
While Theta’s recent technical price developments are undoubtedly bullish, including its breaking of a 9-month downtrend and printing its first positive value on the Chaikin Money Flow (CMF) since June, investors may want to proceed with caution as the price is now overextended on the smaller time frames and is at risk of witnessing a “sell the news” reaction.
Monthly performance: +180 percent
All-time high: $0.49
Closing price February 28: $0.08201
Market capitalization February 28: $62.5 million
Enjin Coin (ENJ), the cryptocurrency for virtual goods powered by Enjin, saw a 180 percent increase in February’s to conclude the month atop the list of the best performances by small-cap coins.
Not only that, ENJ was able to record its most trading volume in a single month of 244 million, which is a total roughly four times than its entire market capitalization.
The reason for ENJ’s significant price boost is easier to pinpoint than the other cryptocurrencies, largely due to the fact ENJ surged over 190 percent from Feb. 25 to Feb. 26 on the back of a rumored partnership with tech giant Samsung.
While the partnership is not yet confirmed, ENJ’s price chart has indeed broken its bearish trend on the high time frames. As can be seen above, February monthly candlestick has set a higher price high above multi-month resistance levels, effectively shifting the trend from bearish to bullish favor.
Price will now look to close on a monthly basis above the next significant resistance level of $0.10 in order to provide confirmation of more upside.
Monthly performance: +43 percent
All-time high: $4.56
Closing price on February 28: $0.89
Market capitalization February 28: $8.49 million
Metronome (MET) outperformed all cryptocurrencies with a market cap below $10 million in February, boasting a 44.38 percent price increase. The next best performer in the micro-capp segment, Numariarire (NMR) came a close second with a 41 percent increase on the month of Feb.
MET didn’t set any notable trading volume records or witness any outlier single day performances as its price increase was gradual throughout the entire month, but was able to break its weekly bearish trend by setting a high above the previous swing high of roughly $0.97.
There is reason for caution, however, since there was no increase in volume upon the change in trend. This could be seen as a false breakout without proper validation from an increase in trading volumes.
Disclosure: Sam holds BTC, LTC, ETH, ZEC, AST, REQ, OMG, FUEL, ZIL, 1st and AMP while Seb holds no cryptocurrency at the time of writing.
ETH price recovered recently and traded above the $130 and $132 support levels against the US Dollar.The price seems to be struggling near the $137 resistance and the 100 hourly simple moving average.There is a short term breakout pattern formed with resistance at $136 on the hourly chart of ETH/USD (data feed via Kraken).The pair is likely to make the next move either above the $137 resistance or towards the $130 support.Ethereum price is consolidating before the next move against the US Dollar and bitcoin. ETH/USD could gain bullish momentum once it clears the $137 and $140 resistance levels.Ethereum Price AnalysisYesterday, we saw a few swing moves in ETH price near the $130 level against the US Dollar. The ETH/USD pair declined heavily, found support near the $126 level, and later bounced back. It settled above the $130 and $132 support levels. The recovery was strong as the price even moved above the $135 level. However, it found a lot of selling interest near the $139-140 resistance zone. There was also no close above the $138 level and the 100 hourly simple moving average.A swing high was formed near $140 and later the price started trading in a range. It dipped below the 50% Fib retracement level of the last wave from the $126 low to $140 high. However, the decline was protected by the $131-132 zone. Moreover, the 61.8% Fib retracement level of the last wave from the $126 low to $140 high also acted as a support. At the outset, there is a short term breakout pattern formed with resistance at $136 on the hourly chart of ETH/USD.If there is an upside break above the $136 and $137 resistance levels, the price could revisit the $140 zone. Having said that, a proper close above the $140 and 100 SMA is needed for buyers to gain traction. The next stop for buyers could be $144, where sellers may emerge. On the other hand, if there is a downside break below $133, the price could revisit the $130 support.Looking at the chart, ETH price seems to be trading in a range above the $130 pivot level. It may continue to trade in a range before the next move either above the $137 resistance or towards the $130 support. The price action is positive, but a follow through above $137 and $140 is must for more upsides.ETH Technical IndicatorsHourly MACD – The MACD for ETH/USD is currently flat in the bullish zone.Hourly RSI – The RSI for ETH/USD climbed higher, but it is struggling to gain pace above the 50 level.Major Support Level – $130Major Resistance Level – $140
Alex Jones made his triumphant return to the Joe Rogan Experience podcast recently, where he discussed Bitcoin, cryptocurrency, and his arch-nemesis, George Soros, among other things.
Jones suggested that Soros had reached out to him via intermediaries in an attempt to cool the Infowars founder’s constant attacks on him. Part of the deal, according to Jones, meant agreeing to advertise, or in Jones’ words, ‘pump’ Bitcoin.
ALEX JONES OFFERED MILLIONS TO PUMP BITCOIN PRICE
On episode #1255 of the Joe Rogan Experience, Alex Jones told his host:
“I got told eight years ago – I got told by two different people, two very well known rich people, they said: ‘George Soros likes you. He wants to work with you… [as does] Alexander Soros… you just need to stop attacking him… and by the way, we want you to pump Bitcoin.’”
Jones said he was offered payment not in dollars or fiat, but in BTC. He claims the sum huge was offered would have been worth $38 million during the all-time high. He said:
“I got offered at the time about five million dollars worth of Bitcoin – I think it was about $38 million by the time it got there (the peak), and I refused it.”
Despite these dirty dealings that Jones claims to have been a part of, he hasn’t been put completely off the idea of cryptocurrency in general:
“I believe in cryptocurrencies. I believe it’s the future. We have a private federal reserve that’s all fiat – I’m not judging anybody, I’m just saying: be careful.”
NOT HIS FIRST CRYPTO RODEO
This isn’t the first time Jones has given his opinion on Bitcoin, and cryptocurrency in general. For crypto enthusiasts, Jones’ interview with ‘Bitcoin Jesus’ Roger Ver should be considered essential viewing:
CRYPTO IS THE FUTURE… BUT BEWARE PACKAGED GRASSROOTS MOVEMENTS
His frequent discussions with Peter Schiff have also resulted in some interesting conversations, and it was during one of these that Jones first revealed he had been offered money to advertise cryptocurrency.
Jones claimed he was being offered $1 million a month to promote cryptocurrencies at the height of what he regards as a Ponzi scheme. He says he took this as a sign that the bottom was about to collapse:
“…That means they’re about to dump it… They’re pulling their money out of the Ponzi scheme, and they wanna bring in all the new suckers with the big advertising push to prop it up. So it collapses months later, and they don’t get the blame for pulling their money out – which is the crime – when they know it’s going down. It’s called a pump and dump!”
Jones’ overall take on cryptocurrency remains nuanced. He seems to realize the technology’s potential, however, he naturally distrusts anything that comes packaged as a grassroots movement. He said:
“And I don’t say crypto itself is bad, but I knew it had been pushed by the establishment. It was being put out as a global currency, but [also] as anti-establishment to get folks to adopt it. Only way you can get the grass roots to do it is to act like its anti-establishment.”
MEME KING, WITH A ROLE TO PLAY IN BITCOIN ADOPTION
At this point, Alex Jones is dangerously close to becoming an ingrained part of the lore of the cryptocurrency community. When he was banned from multiple social media and payment platforms last fall, I actually assumed he would have made the big push into cryptocurrency at the time.
That push didn’t materialize, however Jones’ irascible independence still makes him a perfect fit for Bitcoin, or cryptocurrency overall. If he did decide to run with cryptocurrency, his millions of monthly listeners on Infowars could yet provide a substantial influx of users to the space in general.
Ever since the mysterious Satoshi Nakamoto released Bitcoin into the wild, the world has been speculating over the first-ever crypto and its long term validity and value.
Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:
Figure 1: BTC-USD, Daily Candles, Local Support
The high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support. Looking into lower time frame charts, we see that we are currently riding on top of both the symmetrical triangle shown above and the prior trading range (TR) sitting just below us:
Figure 2: BTC-USD, 4-Hour Charts, Retest of Trading Range
Often, we see extreme wicks that drop into prior trading ranges as a method to generate liquidity for large capital traders. When the markets have relatively low liquidity, the volatility tends to pick up as the order books tend to be thinner. Yesterday, the wick lined up perfectly with a dip into the reaccumulation TR sitting just below us. The test was on high volume and was immediately capitalized upon by the bulls.
Sometimes, when the market experiences prolonged consolidation patterns (like our symmetrical triangle), it will break out and retest the breakout zone to confirm bullish pressure is present. We are currently experiencing a potential retest of the symmetrical triangle breakout. If the retest holds, this could mean we’re in for a decent leg up in price, as the price target for this symmetrical triangle is a near $1,000 move (a 30% markup):
Figure 3: BTC-USD, Daily Candles, Symmetrical Triangle Retest
To calculate the typical breakout target for a symmetrical triangle, we simply take the height of the base and project it to the point of breakout. In our case, it’s around $1,000 (technically, it’s about $1,100, but I’m being conservative since we are in a bear market).
Keep in mind that this just a setup, and our current failure to establish new highs could mean we need to push lower, test macro support and THEN retest the resistance overhead. However, if this level holds, the implications are fairly bullish.
In the event we continue upward, keep a close eye out for a close above our current $4,200 high. If we manage to close a new high, that will likely spark fresh buying interest since it would ultimately yield a break of our current bearish structure. Conversely, our failure to hold our current level would likely mean a return to the low $3,000s to test macro support.
- Our current rejection of the low $4,000s coincided with a retest of local support and a retest of our symmetrical triangle consolidation.
- If we manage to hold support, we could be looking at a $1,000 move to the upside into the upper $4,000 area.
- If we fail to hold support, we will likely see a retest of the $3,000 range to test the demand along macro support.
Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc related sites do not necessarily reflect the opinion of BTC Inc and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.
In January of 2019, student Conner Brown attended a guest lecture by a Professor Susan Athey at the University of Stanford Graduate School. She gave a presentation to his “Evolution of Finance” class titled “Blockchain and the Future of Finance.” According to Brown, the presentation contained “multiple misstatements” about Bitcoin and its fundamentals.
After the presentation, Brown was dissatisfied with how Bitcoin was referenced by Athey during the lecture to a room comprised (mostly) of people who were unfamiliar with the fundamental concepts behind the technology. This prompted him to write an email to the Stanford Graduate School Board, expressing his concerns.
Brown says that the only response he has received from the university thus far is an email stating, “We will get back to you on this.” That’s when he posted his complaint on Twitter.
What She Got Wrong
Athey, who Brown told Bitcoin Magazine is also slated to teach an entire course at Stanford next semester called “Cryptocurrencies,” claimed that not only is Bitcoin “controlled by a small group of miners in China,” but that it also “wastes electricity by stealing from rivers to solve useless math problems.” Athey also mentioned that bitcoin is “secured economically and not cryptographically.”
In her presentation degrading the first digital, decentralized currency, Athey drew comparisons to what she considered a better solution in Ripple’s technology, using XRP. Specifically, she cited exchange rate volatility, trust issues with exchanges, and long transaction times as drawbacks to using Bitcoin (stating that, subsequently, exchanges needed to buy bitcoin). Athey then, according to her presentation, explained how Ripple’s XRP, xRapid API, and overall consensus mechanism provide an alternative that is faster, cheaper, more secure, and more energy friendly than Bitcoin.
In protest, Brown composed a letter addressed to the Graduate School of Business, expressing his thoughts that certain statements about Bitcoin should have been subject to “high caliber discussion and peer review.”
In addressing Athey’s claims against Bitcoin, Brown properly explained where Athey missed key concepts.
Addressing her claim on mining centralization by a small group in China, Brown explained that Athey was conflating mining nodes with full nodes and had used this misrepresentation to position Ripple as a better alternative to Bitcoin. He also countered by explaining that miners often compile their resources together in a mining pool, but there are many individual miners in these pools and not one entity can completely control Bitcoin.
To Athey’s claim that Bitcoin is secured economically and not cryptographically, Brown pointed out that she is once again conflating two different things: Stealing funds by cracking the encryption of the wallet and using mining power to 51% attack a network.
Conflict of Interest?
As the matter came to light on Twitter, it was pointed out that Athey was welcomed to the Ripple Labs Board of Directors back in April 2014, where she still maintains an active role. When Nic Carter asked on Twitter if Athey had made any disclosure before her presentation, she replied directly: “Five minute verbal introduction discussing my background in the space — no way to miss it!”
Whether or not Athey had any ill-intent in her presentation, Brown told Bitcoin Magazine that is not what mattered to him.
“It concerns me that my classmates’ first introduction to Bitcoin contained severe factual errors along with strong anti-Bitcoin rhetoric. The academy is not a place for marketing, but rigorously testing ideas. If a professor has a potential conflict of interest, they should be held to the highest standards of scrutiny and peer review.
“That being said, Bitcoin is a creature of the internet. Its properties are difficult for academics to appreciate due to its deeply interdisciplinary and evolutionary nature. This makes it difficult for developing a curriculum because of the siloed design of academic disciplines and the slow pace of the peer review process. The internet will always be the best place to pursue a Bitcoin education.”