France’s Autorité des Marchés Financiers (AMF) reports a sharp rise in crypto asset ownership among French adults, with 9% holding crypto assets in 2023. Notably, younger individuals under 35 are driving this trend, influenced by digital trends and social networks. While traditional investments still dominate portfolios, 54% of new investors, especially those aged 25-34, own crypto assets compared to only 25% of traditional investors. However, the AMF study highlights the need for improved financial education, as many new investors lack understanding of investment fundamentals. The trend reflects a generational shift towards digital finance solutions.

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The traditional way in which our society constructs ownership is inefficient. The Uber-for-X model solves part of the problem by exploiting the unused value of some long-tail assets, but the reason behind the existence of such a huge volume of long-tail assets remains a puzzle. In this essay, I submit that they exist because our conception of ownership is outdated; I propose that individuals only need to own bitcoin. By doing so, we will embrace a full-scale sharing economy backed by…

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Today, let’s break down the Bullish Flag pattern, a popular formation signaling potential upward price movements.

Here’s your quick guide:

• Spot the Flag Pole: Begin by identifying a strong upward trend. This is your ‘flag pole’.
• Look for the Flag: After the climb, watch for a slight downtrend or consolidation phase—this forms your ‘flag’.
• Measure the Retracement: If the price pulls back more than 50% of the flag pole’s height, it’s probably not a flag pattern. Ideally, it should not retrace more than 38%.
• Entry Point: Consider buying at the bottom of the flag or wait for a breakout above the flag’s upper boundary.
• Set a Price Target: Once you’re in, aim for a price target that matches the initial flag pole’s length, projected upwards from the breakout point.

Remember, this is just a pattern. Always use stops and manage your risk properly.

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1. Niza Global: Market Cap of $22 Million.
2. Seedify.fund: Market Cap of $86 Million.
3. DinoLFG: Market Cap of $12 Million.
4. XDEFI: Market Cap of $16 Million.
5. GAMEE: Market Cap of $13 Million.
6. Bitrock: Market Cap of $16 Million.
7. RabbitX: Market Cap of $17 Million.
8. Dione: Market Cap of $35 Million.
9. Akash Network: Market Cap of $225 Million.
10. Celestia: Market Cap of $582 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

In a report published on Friday, renowned credit rating agency Moody revised its outlook on the U.S. economic state. The agency announced a US credit rating downgrade, moving it from “stable” to “negative,” intensifying concerns over the nation’s fiscal health.

This move, attributed to significant fiscal deficits and diminishing debt affordability, echoes a similar downgrade by Fitch earlier this year.

The US Credit Rating Downgrade: “Negative”

The U.S. government’s fiscal policies and the increasing political polarization have been key worries for investors. Notably, this has contributed to a sell-off that has pushed government bond prices to their lowest levels in 16…

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Michael Saylor, co-founder of MicroStrategy and a prominent advocate for Bitcoin, anticipates a substantial surge in demand for BTC, driving its price to potentially grow by up to 10 times by the end of 2024.

Michael Saylor Spoke at 2023 Australia Crypto Convention

Speaking at the 2023 Australia Crypto Convention on November 10, Saylor provided a comprehensive outlook for Bitcoin’s trajectory over the next four to five years. He started by highlighting the transformative journey of Bitcoin from being perceived as an “offshore unregulated asset” to becoming an “institutionalized mainstream app” between 2020 and 2024.

Australia Crypto Convention 2023

Near-Term… Read more on bitcoinnews