Source: International Business Times
Security & Justice
Southern Lebanon Endures Massive Damage: 40,000 Homes Leveled Across 37 Towns
Israeli forces have systematically destroyed entire neighborhoods in southern Lebanon, leveling more than 37 towns and wiping out over 40,000 residential units, according to Lebanon's National News Agency.
Tuesday, November 5, 2024
Gaps in Coastal Radar Enabled Israeli Raid in Batroun, Army Commander Says
Lebanon’s army chief, General Joseph Aoun, detailed to Caretaker Prime Minister Najib Mikati how Israeli forces likely exploited gaps in the country's coastal radar system during the recent raid carried out in Batroun. The briefing comes as Lebanese officials seek answers on how Israel’s elite Shayetet 13 unit carried out the landing undetected.
Monday, November 4, 2024
Opinion
The Emptying of Baalbek Is a Moment to Take Stock
“Large numbers of people continue to flee their homes every day, as Israel’s military operations in Lebanon have been going on unabated.” These disturbing words could be from almost any news report about Israel’s invasion of its northern neighbour over the past month. However, they can be found in a report by the Norwegian Refugee Council’s Internal Displacement Monitoring Centre issued on July 27, 2006.
Saturday, November 2, 2024
A Future Without Hezbollah
At the end of September, when Israel’s campaign to destroy Hezbollah was reaching its height, I met one of the group’s supporters in a seaside café in western Beirut. He was a middle-aged man with a thin white beard and the spent look of someone who had not slept for days. He was an academic of sorts, not a fighter, but his ties to Hezbollah were deep and long-standing.
Thursday, October 31, 2024
Sports
FC Barcelona Fears First Team Star Will Be Banned From Playing, Reports SPORT
FC Barcelona is concerned that one of its main first-team stars will be banned from playing at the turn of 2025 because of issues related to his registration and Financial Fair Play (FFP) limits according to SPORT, which cited anonymous sources.
Friday, November 1, 2024
Tottenham Forward Son Heung-min Crowned Asia’s International Player of the Year
Tottenham forward Son Heung-min was crowned as Asia’s International Player of the Year for the fourth time by the Asian Football Confederation at its annual awards ceremony Tuesday.
Wednesday, October 30, 2024
Wednesday 8 December 2021 13:11:15
Bitcoin Could Rise To $1 Million, Billionaire Barry Sternlicht Says
Billionaire Barry Sternlicht, the chairman of Starwood Capital Group, talked about Bitcoin (BTC) in his recent statement at a Bloomberg event in Miami. He believes that the world's biggest cryptocurrency by market cap has the potential to reach $1 million, reported Bitcoin.com
Sternlicht called Bitcoin a "great hedge," saying that every person in the world must look at it in the same way. While also adding that authorities are printing money, raising inflation by historical numbers.
Barry Stuart Sternlicht is worth $4.4 billion as per Forbes and Starwood Capital Group, a private equity firm, which has around $95 billion of assets under management, making it one of the world's biggest real estate investors.
"The only thing that they can't make more of is bitcoin," he said. He also stated that "the government just prints money, and prints money, and prints money, and prints money, and doesn't seem to have any consequences."
Furthermore, he stated that more than 21 million BTC cannot be created, and this constraint makes it unique and a deflationary asset. Sternlicht also focused on the fact that there have been no incidents of BTC being hacked.
"It would go to $1 million a coin. It could do that because everyone, it's not U.S. investors, the whole world will look at one thing that they can't make more of, and that would be Bitcoin," he stated.
Moreover, the billionaire also focused on the fact that there are multiple nations trying to break the dollar standard, and, if as a result, the U.S. dollar devalues, Bitcoin could be the one thing that could hold its value.
Sternlicht also said that he has nearly 2-3% of his money in Bitcoin and said that "if it goes to zero, it won't hurt me either, it won't hurt you."
This statement from Sternlicht comes at a time when Bitcoin (BTC) is experiencing a downtrend. The price of the world's biggest cryptocurrency, as of 1:00 a.m. ET is down from an all-time high by nearly 26.59%, standing at $50,500, data from CoinMarketCap shows.
BTC dropped below its important support of $53,000 Saturday, touching a monthly low of $42,000: levels not witnessed since September.
In a similar statement, author of Rich Dad Poor Dad, Robert Kiyosaki said that he is also buying Ethereum and Bitcoin as a hedge against inflation as they are deflationary assets.
