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Tag Archives: Bitcoin News

US Companies Forecast to Buy $10.3 Billion in Bitcoin Over the Next 18 Months

A new report suggests that US companies are expected to purchase $10.3 billion worth of Bitcoin over the next 18 months. This shift is part of a growing trend in corporate treasury strategies, with companies looking for better ways to preserve their wealth amid inflation concerns. Some of the criticisms made by River analysts included that conventional corporate treasury management focused on cash and cash-like instruments lose value in the long run. Still, such investments can guarantee a...

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Arthur Hayes Predicts Bitcoin May Fall to $50K in Worst Case

Arthur Hayes has issued a stark warning for Bitcoin investors, suggesting that the cryptocurrency could fall to $50,000 in a worst-case scenario. In his latest article titled “Boom Times… Delayed,” Hayes expresses a cautious outlook on Bitcoin and the broader cryptocurrency market. He has projected continued declines until a possible intervention later this month. Hayes expects the macroeconomic factors and policies of the Federal Reserve to influence his forecast. While the Fed has recently...

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Bitcoin to Face Critical September After 8.75% Drop in August

As September opens, Bitcoin confronts a pivotal moment with significant challenges looming. The cryptocurrency concluded August at $58,975, marking an 8.75% drop for the month—its sharpest decline in six months. This represents a reverse of the upward trend and a far cry from the high US stocks that reached almost record levels in August. These divergences are areas that have raised more questions on issues like valuation and investor sentiment, and these should pave the way for more...

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