Tag Archives: Bitcoin

We’re early into 2023, and with 2022 being such a crazy year for bitcoin fans, it appears many analysts are warning about what we should be aware of in these next 12 months so traders can make appropriate investing decisions and keep themselves safe. Bitcoin May Bottom Out Soon One of the people to talk about what we should expect is Tim Enneking, the managing director of Digital Capital Management. He says one of the big things that’s happened is crypto is beginning to...

Bitcoin had a rough 2022, but that hasn’t stopped high-ranking celebrities and investors from praising it. They feel that while bitcoin may have had a rough 12 months, things can always return to form, and they’re not turning their backs on the world’s number one digital currency by market cap yet. Bitcoin Is Still the Apple of Many Celebrities’ Eyes Bitcoin hit a new all-time high of about $68,000 per unit in November of 2021. Just a year later, the currency was trading...

2022 was a bad year for crypto. Bitcoin and many leading forms of digital currency have crashed, but that doesn’t mean all the crypto companies out there are turning their backs on their respective industries. Several companies in Calgary, Canada – like Bitvo Inc. – still believe crypto has a fighting chance, and they’re refusing to give up on this growing financial arena. Calgary Has Tried Hard to Incorporate Crypto Bitvo is a unique firm in that FTX – the now failed...

Paul Krugman – a Nobel Prize-winning economist – recently published a piece saying that Tesla stock is a lot like bitcoin. He also commented that the CEO of Tesla – Elon Musk, who is a big crypto fan and has since gone on to purchase Twitter – couldn’t be trusted to “feed his cat.” Paul Krugman Isn’t Crazy About Either Musk or BTC The bitcoin-Tesla comparisons came given that both assets have plunged heavily following solid jumps in late 2021. Bitcoin, during that time,...

MicroStrategy – the famed software giant turned institutional bitcoin bull – has done something many of us thought it incapable of doing: it’s selling some of its bitcoin. MicroStrategy Sells, Then Buys, BTC MicroStrategy announced it had sold some of its BTC reserves on December 22, 2022. The company says it did so for tax purposes, but that it’s also going to use some of the proceeds to purchase additional bitcoin, suggesting that while executives are arguably trying...

Bitcoin price started a fresh increase from the $18,750 zone against the US Dollar. The price is now trading above $20,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $20,950 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $20,000 resistance zone. Bitcoin price is rising above $20,000 against the US Dollar. BTC might extend gains if...

Andy Yen is the CEO and co-founder of Proton, a privacy-centered organization that seeks to provide a whole new (autonomous) version of the Internet. Yen Wants to See Change in the Crypto Space In a recent interview, he gave his thoughts on bitcoin, crypto, and what traders can expect in terms of legislation and what the space will hold. In the past, Yen has gone on record about being a bitcoin and crypto supporter. Right now, bitcoin is only accepted as a form of...

It appears bitcoin is taking another beating, only this time, it’s from its rival gold. The precious metal has long been considered a solid commodity and a hedge against a wide array of economic problems and similar troubles, but it looks like the asset has recently hit a new six-month high and is now trading for more than $1,800. Bitcoin Keeps Suffering While Gold Is Jumping This is not necessarily good for bitcoin because it’s done nothing but taken serious plummets...

Despite everything that’s happened in 2022, Mark Cuban is doubling down on his love of bitcoin and says he’s hoping to purchase more of the world’s number one digital currency by market cap should it drop even lower. Mark Cuban Doesn’t Like Gold That Much 2022 was a rough year for bitcoin and the crypto space. Bitcoin fell by more than 70 percent in value and ended the year trading in the high $16,000 range. This is way off the mark from the $68,000 per unit that it...

Warren Buffett is telling all his followers that buying bitcoin or gold during times of war is a terrible mistake. He is telling them all to avoid these assets and to avoid hoarding cash and to put all their money into stocks, as these are the only safe assets that can assuredly build wealth in the long-term. Warren Buffett: Stocks Are the Only Answer Buffett has never been a big bitcoin fan. He has often referred to it as “rat poison squared” and applied other...