The report claims Bitcoin’s network, which has been maligned for its energy inefficiency, currently consumes as much power as Sweden. Larsen, noting Ethereum’s plans to switch to proof-of-stake in the coming months, called Bitcoin an “outlier.” He noted that newer protocols, such as Solana and Cardano, have been built on low energy technologies. The views […]
“Do the homework on bitcoin, understand what it is… Anybody that does the homework … ends up investing into it. “For me, I have over a billion dollars in Bitcoin now. I don’t think that Jesus and Moses got together and made a baby and named it Bitcoin; that’s not me. “Ultimately, this is a […]
During an interview with Andrew Ross Sorkin at The New York Times DealBook Online Summit, Apple CEO Tim Cook claimed to hold cryptoassets as part of his investment portfolio. Despite being intrigued by crypto, Cook shot down the possibility of Apple, which holds a market capitalization of around $2.46 trillion, investing in crypto. While Apple […]
According to Business Insider, in a recent report, JPMorgan’s analysts noted that rising interest rates could put downward pressure on the price of bitcoin, just as they traditionally do for gold. Yet, the report points out central banks are now cutting back on their bond-buying sprees to cool growing inflation, which will lead to rising […]
In a tweet shared with its over 360,000 followers, Glassnode revealed that cryptocurrency exchange balances have fallen to 2.47 million bitcoin, a level that was last seen in August 2018. The amount of bitcoin held on cryptocurrency exchange wallets is a closely watched metric in the space as it shows the available supply on the […]
“BITO will continue the legacy of ETFs that provide investors convenient, liquid access to an asset class. “I think it’s more symbolic of the trend is your friend, and it’s friendly for cryptos and Bitcoin. “So I’m not so bullish about this actually ETF, but I think it’s going make people realise what are the […]
We’re at that point now where all the new guys that bought in during the first half of this year, they’re now long-term holders and they’re at peak. As far as giving a timetable, Woo cited on-chain data that points to Bitcoin’s bullish cycle extending for another year, with the price reaching six-figures within the […]
As first reported by Daily Hodl, AMP is a collateral-as-a-service token that is designed to power instant, secure transactions. Amp tokens used as collateral are generally released when consensus for a particular transfer is achieved, making them available to collateralize another transfer. Its price surged over the last few weeks for a number of factors, […]
“The first is that the retirement account market is roughly $22 trillion. Where do hard-working Americans go today to save for their futures? if you leave it in in your bank account, you know you’re gonna have five percent less — inflation is a hidden tax. “Jay Powell, the chairman of the Fed, has likened Bitcoin […]
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss. …Read the full story
But also, I think that there are a lot of high-net-worth investors coming in here, coming to buy it in slugs of $1 million at a time. “Essentially that gives us a little shove on the price if you’ve got half the amount of sell power from new coins being mined, you get a bullish […]
“We will need to go short the talent, ethics and skill of macro economists, central bankers, investment bankers and financiers. But it is a belief that central bankers through their disguised actions are a threat to all those who hold cash and its close equivalents. The views and opinions expressed by the author, or any […]
