Tag Archives: Bitcoin News

Bitcoin has come a long way in a relatively short period, but for some, the world’s number one digital currency by market cap has no place in the future of finance. They are convinced the currency will not last much longer. That’s a direct quote from Eswar Prasad, the senior professor of international trade policy at Cornell University. Eswar Prasad Thinks Bitcoin Doesn’t Have Much Going for It Bitcoin first emerged through a whitepaper that was published in the year...

Grupo Elektra – a company headquartered in Mexico – has announced that it will begin accepting bitcoin as a form of payment. Users can now make purchases with the world’s number one digital currency by market cap, bringing the asset closer to its initial goal. Grupo Elektra Is Willing to Take a Chance on BTC The news is big in that bitcoin and many other forms of crypto were initially designed to serve as payment methods. They were built to push things like checks,...

Billionaire investor Ray Dalio says he’s uber impressed with bitcoin given it has been around for so long. The currency was first introduced in 2008 through a whitepaper and was mined for the first time in early 2009. Who would have known that a simple asset would become one of the most powerful financial tools in the world just a dozen years later? Ray Dalio: Bitcoin Has Come a Long Way In some recent interviews, Dalio said the following about bitcoin and its respective...

Michael Saylor – the CEO of software giant MicroStrategy – has commented that bitcoin doesn’t need help from people like Warren Buffett to really be successful. Warren Buffett On Bitcoin… It Ain’t Good In the past, Buffett – the CEO of real estate company Berkshire Hathaway – has been rather dismissive of bitcoin, comparing it to a button on his shirt and even calling it “rat poison squared” at one point. No doubt the man has a serious hate for the world’s number one...

American banking and investment firm Lion Tree has stated that it is looking into accepting crypto as a means of payment in the future. Lion Tree Says It’s Looking into BTC Payments The whole idea behind bitcoin and its many crypto counterparts was that they would eventually be used as spending tools. They would ultimately outdo the abilities of credit cards, fiat currencies, and checks to serve as the means of buying goods and services for everyday needs. However, this...

2021 was the year of bitcoin. There’s no doubt about that, but now that 2022 is coming into the mix, many analysts think this is the time for other assets and blockchain systems to step up and take over. Bitcoin Was Big, but It May Have Reached Its Peak Bitcoin was big over these last 12 months. Between the new bitcoin-based exchange-traded fund (ETF) from Pro Shares and the all-time highs it managed to reach, bitcoin exploded beyond what anyone thought was imaginable....

Jefferies has issued a new report claiming that crypto has given birth to a whole new generation of luxury spenders in the United States. Crypto May Be Limiting the Wealth Gap in the U.S. The wealth gap has never been more noticeable in America. The difference between rich and poor has been quite evident over the past ten or 12 years, but now it looks like things are taking on an even larger form. With inflation at an all-time high and problems in the supply chain,...

Bitcoin IRA – a retirement company that allows investors to add crypto like bitcoin and Ethereum to their 401K portfolios – has completed a survey that suggests one in three people believe bitcoin is going to hit the six-figure mark in 2022. Bitcoin IRA and Its Customers Suggest Bit BTC Money in 2022 Bitcoin has come a long way in the 12 years it’s been around. Starting out as a simple whitepaper topic, bitcoin was first mined in January 2009, and the subject of digital...

Bitcoin hasn’t been doing all that well as of late. The world’s number one digital currency by market cap has seemingly dropped below $50,000 and has stayed there for the past two weeks or so, but while BTC has struggled in the past, the Bank of England has issued a statement explaining BTC has the potential to become “worthless” in the future. The Bank of England Expresses Crypto Concern In New Report In a recent report published by the financial institution, executives...

Alkami Technology Inc. – a company that offers cloud-based solutions to banks and credit unions in the United States – has partnered with the NYDIG to provide bitcoin services to the Idaho Central Credit Union (ICCU). Customers of the bank will now be able to purchase and sell crypto units through its mobile application and its online banking platform. Alkami and the NYDIG Bring Crypto and Traditional Finance Together In an interview, Mark Willden – chief information...