Tag Archives: Bitcoin News

Bitcoin has always had support from billionaire investor and former hedge fund manager Mike Novogratz. However, in a recent interview, he seemed to hint that the currency does not have any value all by itself like standard fiat. Rather, it is valuable simply because the people who use it and invest in it say it is. Mike Novogratz on What Gives BTC Value During his discussion, Novogratz said that bitcoin primarily has value thanks to the community it has established. He...

Not too long ago, El Salvador announced that it would make bitcoin legal tender. Thus, the Central American nation became the first to permit bitcoin’s full use as a currency. However, now it looks like the country’s plans have hit a snag as the World Bank is saying it will reject El Salvador’s request. The World Bank Will Not Help El Salvador To be fair, El Salvador does not necessarily need permission from the World Bank to implement bitcoin’s status as a payment...

Is bitcoin about to experience a “short squeeze?” According to many analysts, the answer is yes. A Short Squeeze Is in BTC’s Future, Analysts Say A short squeeze is when an asset that has been doing poorly suddenly skyrockets in price due to several traders making bets against it. As of late, the world’s number one digital currency by market cap has been trading in the doldrums, losing close to $30,000 off its price since reaching its latest all-time high of...

Tesla is going through a bit of a slow period right now, and according to analysts of Morgan Stanley, this may be because of Elon Musk and his obsession with bitcoin. Elon Musk Is Driving Tesla Shares Down Elon Musk has gone back and forth in recent months regarding the world’s number one digital currency by market cap. The South African entrepreneur sent the currency sky high in the month of February when he decided to purchase approximately $1.5 billion worth of the...

With China suddenly becoming an anti-bitcoin mining state, many are wondering where all the country’s present operations will relocate to. Some say Texas, while others suggest Wyoming. Either way, many China-based crypto mining firms need a new home, and America is looking better and better every day of the week. Bitcoin Miners in China Are Having to Leave Soon China has always had a rather up-and-down relationship with cryptocurrency. The country banned both initial...

29-year-old crypto billionaire Sam Bankman-Fried believes that it would be rather easy for crypto miners to resort to green energy to potentially extract new coins from the blockchain. Sam Bankman-Fried: Miners Can Turn to Green Energy without Hurting Their Industry One of the big arguments hitting the crypto industry as of late is that crypto mining is somehow harmful to the planet. There are reports strewn about suggesting that bitcoin mining requires more energy than...

Neil Patrick Harris is the latest celebrity to express love and enthusiasm for bitcoin. So much so that he is now serving as the new spokesperson for Coin Flip, a leading crypto ATM firm. Neil Patrick Harris Is a Big Crypto Fan Harris is well known for playing lead roles in television programs such as “How I Met Your Mother” and “Doogie Howser, M.D.” However, what many do not know about the young star is that he is an avid crypto trader and investor. He entered the...

63-year-old venture capitalist Tim Draper has always been there to support BTC. In a recent interview, he stuck to his guns and claimed, once again, that bitcoin was likely to hit the $250,000 mark by the end of 2022 or the beginning of 2023, something he has mentioned time and time again in the past. Tim Draper On Where BTC Will Go The price of bitcoin has not been in the best place. Recently, the currency – which was trading for about $64,000 per unit last April – fell...

Suze Orman is a personal finance guru that knows a thing or two about bitcoin. She also has some very clear ideas about how someone should invest in it and how much they should buy. Suze Orman Discusses How BTC Investing Should Be In a recent interview, Orman claims that bitcoin should not be viewed as a currency, even though that is what it was designed to be. She says that for now at least, people need to be looking at it as a long-term investment if they want to...

The value of bitcoin has jumped somewhat over the past few days given that Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – has changed his tune once again on bitcoin and cryptocurrency mining. Elon Musk Wants to See More Clean Energy Use Elon Musk has taken a lot of guff in recent weeks given that he rescinded a decision to accept bitcoin payments for Tesla-based goods and services before the company even began...