Tag Archives: Bitcoin

Right now, the bitcoin price is trading above $40,000. The asset is doing better than it ever has and it has even reached a new all-time high.The Bitcoin Crash of 2018 Is No Longer LikelyIf this kind of behavior doesn’t sound familiar yet, it should. This is exactly what bitcoin went through three or four years ago. The asset continued to spike and spike like it never had before. It was adding hundreds to thousands of dollars to its price each month and eventually shocked the world when it...

Bitcoin has been surging as of late. At the time of writing, the world’s number one digital currency by market cap has jumped beyond the $40,000 price for the second time this month, but according to billionaire investor Chamath Palihapitiya, the currency is just getting started, and $40,000 is nothing compared to where he believes it will go within the next five to ten years.Chamath Palihapitiya: Bitcoin Will Hit $200,000 Within the Next DecadeIn a recent interview with CNBC, Palihapitiya...

Bill Miller – a value investor – is one of just many people who appear to have changed their tune on bitcoin. It used to be that bitcoin was an extremely worrisome, potentially even dangerous asset to invest in given how volatile it was. It used to be that bitcoin was a currency that was widely vulnerable to outside market influence and that could easily be manipulated.Bill Miller on Bitcoin – When It Gets Bigger, the Risk Goes DownHowever, Miller has said that every time bitcoin strives for...

The bitcoin price has hit $40,000 for the second time this month. While technically the asset had done so during yesterday’s early morning hours, the currency ultimately underwent a bit of a correction later in the day that brought it down into the $39,000 range.Bitcoin Strikes the $40K AnvilNow, however, bitcoin has hit $40K again and it looks like it’s aiming to stay there. In just the last 12 months alone, the bitcoin price has managed to grow by a whopping 400 percent.Many analysts have...

Square has made quite a name for itself in the bitcoin space these past few years. The company – along with its bearded CEO Jack Dorsey – has repeatedly served as an advocate for the world’s number one cryptocurrency by market cap, going so far as to purchase roughly $50 million in BTC last October and serving as one of the few institutional platforms to come out and offer its support publicly.Square Is Set to Make a Lot of BTC-Related DoughIt can be argued that Square contributed to the...

The Grayscale Bitcoin Trust now holds of a rather solid portion of the world’s total BTC units.Grayscale Is a Major Bitcoin ManagerChief executive officer Michael Sonnenshein commented in a recent interview that thanks to newfound respect for BTC amongst institutional traders, the Grayscale Bitcoin Trust presently manages a record three percent of the world’s total BTC thanks to an increase in activity from its professional clientele.In 2020, companies such as Square, MicroStrategy, Stone...

Bitcoin has hit another all-time high. The currency – which just yesterday was trading for around $35,000 per unit – has added another $4,000 to its price and is now trading for around $39,000. This, ultimately, is a slight pullback from where the currency was during the early morning hours after it hit a whopping $40,000 per unit for the first time in its short yet significant history.Bitcoin Has Surged Again!The surge came with a few repercussions such as Coinbase crashing for the umpteenth...

The Office of the Comptroller of the Currency (OCC) has published a new letter stating that banks are now permitted to utilize stable coins to perform what the letter refers to as “bank-permissible functions” including, but not limited to, payment activities.Stable Coins Are Headed for the TopIn other words, banks may now use and accept stable coins as means of payment, as can their customers. This is a huge step forward in what cryptocurrency was initially designed for; to be used as a...

Bitcoin has been on a massive surge over the past few weeks. At the time of writing, the asset has reached a new all-time high of more than $35,000, putting 2017’s price of just over $19,000 to complete shame. The fact is that the price of bitcoin is near double what it was three years ago, and the currency is now trading at a level that few analysts ever saw possible within this timeframe.Bitcoin Has Nearly Doubled Its Size in Three YearsBut there are many things that have been pushing...

Bitcoin is back where it was. In other words, it’s close to again reaching the all-time high it attained earlier in the year. After yesterday’s drop to about $31,000, the world’s number one digital currency by market cap has suddenly added another $2,000 to its price and is now trading for around $33,000 again.Bitcoin Just Keeps Growing…But here’s even bigger news. The currency’s market cap has now surpassed $600 billion. Following a ten percent gain in the past couple of days, the asset is...