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News & Articles By JD Heyes

08/08/2018 / By JD Heyes

CNBC running “pump and dump” Bitcoin scam to fleece viewers, warns Peter Schiff

The economic prophet who correctly predicted the 2008 housing collapse and ensuing “Great Recession” has said during a recent podcast that financial news network CNBC continues to promote the viability of Bitcoin despite the fact that the cryptocurrency is headed for collapse. Appearing on the Quoth the Raven podcast, Peter Schiff said the network hasn’t had him […]

03/09/2018 / By JD Heyes

Cryptocurrency schemes continue to unravel as nearly half of all ICOs from last year have already tanked

The collapse of cryptocurrency is continuing apace, and yet there are still far too many people who continue to believe it really has a future. In recent days the U.S. Securities and Exchange Commission made a major move against cryptocurrency firms, issuing dozens of subpoenas — perhaps topping 100, some groups estimate — to companies […]

11/19/2017 / By JD Heyes

Bitcoin zealots suddenly admit it will never work as a universal payment system… now touting “digital gold” myth to try to keep people buying in

The toils and troubles of Bitcoin continue but for some reason, the cryptocurrency’s cultists continue trying to reinvent — or, at a minimum reclassify — a fake monetary system whose value has no ties to anything tangible. Now, some want to rebrand Bitcoin as “digital gold” in another desperate attempt to keep it relevant. As […]

09/14/2017 / By JD Heyes

Goldman Sachs says Bitcoin will correct to $2221 as China crackdown continues

How high — or low — will Bitcoin go? That’s an intense matter of speculation among economists, geopolitical analysts, and of course cryptocurrency speculators and experts, but increasingly, predictions are generally negative. At present, Bitcoin is undergoing incredible growth, having risen 335 percent this year, and gaining more than 15 percent within the past week. […]

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