News · Yahoo Finance

Bitcoin warning: Billionaire says dollar holders could be left behind

Billionaire Tim Draper says merchants will shift from accepting Bitcoin to demanding it. He argues that anyone still holding fiat currency when this happens will bear the cost.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

bitcoincryptoUS dollarDXY

Open a keyword to see other news on the same topic.

Related tickers and likely impact

BTC/USDT

▲ Likely positive

Bitcoin

Relevance: medium

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/28/202681,343.50
Change that session+0.54%
BTC/USDT price, forecasts and signals →

DXY

▼ Likely negative

Relevance: low

MarketCurrencies
Close on 10/28/2026102.14
Change that session-0.22%
DXY price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Bitcoin Price Could Fall as Dollar Debasement Trade Unravels, Connection Capital Founder Warns

    Connection Capital founder Dan Krupka warned that Bitcoin could face renewed selling pressure in the coming months if a strengthening US dollar undermines the “dollar debasement trade” narrative. Bitcoin traded around $77,500 while the US Dollar Index (DXY) stood near 102 after gaining since September. Krupka argued that rising energy prices and pressure on the euro and Japanese yen could push the dollar higher, dragging Bitcoin, gold and broader markets lower. He noted that Bitcoin's fixed supply of 21 million coins does not guarantee price gains when economic conditions deteriorate. The outlook is not automatic, as the dollar weakened slightly on October 30 when Treasury yields fell and concerns over US tech stocks weighed on demand for American assets.

    Yahoo Finance·▼ BTC/USDT▲ DXY▼ ETH/USDT▼ XAU/USDcryptobitcoinUS dollar
  • Treasury's Bessent sees crypto as America's next tool for keeping the U.S. dollar on top

    U.S. Treasury Secretary Scott Bessent, speaking at Ripple's Swell conference, argued that digital assets could reinforce the dollar's global dominance as technological leadership becomes a bigger source of economic influence alongside military strength. He said Treasury could work with the SEC and CFTC to clarify crypto rules after Congress failed to pass the Clarity Act, and set guardrails against banks cutting off crypto businesses. Bessent noted that the GENIUS Act established federal stablecoin rules, that more than 90% of stablecoins are backed by U.S. dollars, and that issuers often hold U.S. government securities as reserves, which could become an important source of funding for the Treasury.

    CoinDesk·▲ DXY▲ BTC/USDTDXYUS dollarstablecoins
  • Bitcoin slips under $80K after US PPI gains most in four years

    Bitcoin briefly fell below $80,000 on Thursday after September US PPI rose 6.3%, against an expected 5.3%, the largest monthly jump since March 2022. Core PPI reached 5% versus an expected 4.4%, a day after a CPI reading also overshot estimates and weighed on risk assets. US 10-year bond yields, however, fell almost 3% to their lowest since Sept. 23, and former Goldman Sachs strategist Robin Brooks argued yields have decoupled from macro data as markets focus on the federal deficit. Some analysts flagged a possible volatile retest of trend lines around $78,000, while Bitcoin remained below the $82,500–$82,800 support zone, and its weekly close near $83,700 was seen as lacking breakout strength.

    Cointelegraph·▼ BTC/USDT▲ DXY▼ ETH/USDT▼ QQQbitcoininflationDXY
  • Here's how analysts see U.S. inflation influencing bitcoin

    U.S. CPI is due at 8:30 a.m. ET, and economists surveyed by Dow Jones expect September’s headline CPI to rise 0.6% month-on-month and 3.6% year-on-year. Core CPI, which excludes food and energy, is forecast to rise 0.2% from August and 2.5% annually. Bitget Research’s Ryan Lee warns a hotter-than-expected print could trigger another round of liquidations, as traders may still hold substantial leveraged bitcoin positions. Moon Pursuit Capital’s Utkarsh Ahuja says higher inflation could keep Treasury yields and the dollar elevated, pressuring crypto, while a Bitunix analyst sees a moderate core reading easing rate expectations and supporting risk appetite. Analysts are also watching ETF flows and oil-price swings.

    CoinDesk·inflationcryptobitcoin
  • Bitcoin climbs toward $84,000 after Fed’s Williams sees no rate hikes in 2027

    Bitcoin rose 1.5% to just under $83,900 on Wednesday Asian morning after New York Fed President John Williams said no further rate hikes were needed in 2027, weakening the dollar and lifting Asian stocks. Zcash led major cryptocurrencies with a gain of nearly 7% to about $1,270, while Solana and Dogecoin each rose 2.5% and Ether added 2% to about $2,520. Williams said one more hike this year may still be appropriate, and his comments helped the S&P 500 pare its losses. Thursday's U.S. inflation report is the next test: a cool reading could give bitcoin room to retest $85,000. Brent crude rose 0.7% to about $106 a barrel as Middle East attacks raised doubts over energy shipments from the Persian Gulf.

    CoinDesk·▲ BTC/USDT▲ ETH/USDT▲ XAU/USDbitcoinFedUS dollar
  • Bitcoin keeps up pressure on $84K as US stocks skirt Korea tech sell-off

    Bitcoin approached $84,000 at the start of Tuesday's U.S. session, still up about 2%, even as South Korea's KOSPI index closed down 5.4% in a tech-stock rout driven by fears over AI spending and competition from China. U.S. stocks avoided a copycat sell-off, with the S&P 500 and Nasdaq Composite recovering from an early dip and trading down less than 0.5% at writing. CryptoQuant warned that the U.S. dollar index (DXY) has risen 5.5% since September 9 to 102.57, its highest since April 2025, while bond yields near their highest in nearly a quarter century are weighing on risk appetite. According to CoinGlass, order-book liquidity continues to act as resistance above $84,000.

    Cointelegraph·• BTC/USDTbitcoincryptoSouth Korea

Related markets

Crypto →Currencies →

Latest news

  • The midterm election results are redrawing the map for AI data centers

    U.S. data-center spending won't fall much, but individual projects may face delays, relocations and higher costs.

    MarketWatch·data centersmidterm electionsAI investment
  • Arm Stock Has Crashed 37%. Is It a Better Buy Than Qualcomm?

    Arm shares fell 36.84% over the past month to $194.22, while Qualcomm traded at $167.07 and pays a quarterly dividend. The article says Qualcomm is far cheaper, at about 32 times earnings and a 7.30% free cash flow yield, versus about 239 times and 0.45% for Arm. Qualcomm yields about 2.17%, while Arm pays no dividend. Arm's fiscal Q1 2027 revenue rose 22% to $1.29 billion, whereas Qualcomm's fiscal Q3 revenue fell 4.0% to $9.95 billion as handset revenue dropped 20%, though automotive grew 61%. The article concludes Qualcomm fits a retiree's profile better, while Arm suits investors decades from retirement who can tolerate large declines.

    Yahoo Finance·valuationdividendssemiconductors
  • As Vistra and other energy stocks slide, some analysts warn of an ‘excessive knee-jerk’ reaction

    Energy stocks were already under pressure, and newly elected officials may not slow the data-center boom as much as feared.

    MarketWatch·data centerselectricitymidterm elections
  • Top VC: The Best AI Models Take “80% Plus” of Spend. And Alphabet’s Gemini Just Ranked No. 1

    Alphabet's Gemini 4 Carbon ranks first on Artificial Analysis's Intelligence Index with a score of 59, but Anthropic and OpenAI still hold 86% of enterprise LLM API spend, up from 67%, and few customers can use Carbon yet. a16z's Martin Casado argues the best frontier models capture over 80% of market spending weighted by dollars, though he puts a model's lifespan at three to six months. Alphabet still earns from the labs that win through Google Cloud, whose revenue grew 103% last quarter from selling computing and TPUs to customers including Anthropic and, reportedly, Meta. Free cash flow is expected to be negative $18.0 billion this year as capital spending rises. Fourth-quarter results, due in early February, will be the first to cover a full quarter of Gemini 4.

    Yahoo Finance·▲ GOOGLGOOGLartificial intelligencecloud computing
  • Musk Says Data Centers in Space “Looking Pretty Appealing Right Now” as SpaceX Sinks on Blue Wave

    SpaceX (SPCX) shares fell 2% and Tesla (TSLA) dropped 3% after Democrats swept the midterms, including in Texas, where the newly elected governor campaigned on halting new data center construction. Dan Ives of Yorkville warned the blue wave could slow AI data center build-outs, while Elon Musk replied that data centers in space were “looking pretty appealing right now.” The article says Shaun Maguire’s bullish Sequoia model draws most of its 2028 revenue from ground-based data centers and assumes only a 20% political slowdown, an assumption now under pressure. Wall Street consensus for 2028 revenue is $336 billion, and the author argues orbital compute won’t fill the gap by 2028, making the 2028 estimates the ones to watch. SpaceX spent $19.6 billion on capex in the third quarter, with most of this year’s spending going to its data center segment.

    Yahoo Finance·• TSLASpaceXTSLAElon Musk
  • Bill Ackman: Netflix “an Incredibly Cheap Stock” After a 55% Drop. But Is He Right?

    Netflix (NFLX) stock is down about 55% from its June 2025 high. Bill Ackman called Netflix “an incredibly cheap stock,” arguing the market is focused on engagement, as viewing hours fall because the content mix is changing. Average viewing time per member fell 26% over three years, much of it going to YouTube, but Netflix said churn improved year over year in the third quarter, both globally and in the U.S. The stock trades at 17x forward earnings, a little over half its five-year average of 32x, while analysts expect EPS to rise to $4.51 in 2028 from $2.53 in 2025. The main risk is that less viewing turns into cancellations, and Netflix’s 2027 guidance in January is the next test.

    Yahoo Finance·NetflixBill Ackmanvaluation

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.