Tag Archives: Bitcoin

Jurrien Timmer – the director of Fidelity – believes that the price of bitcoin could reach $100,000 by the year 2023. Timmer: The Price of BTC Is On the Verge of Exploding At first glance, this prediction seems a little farfetched, especially when one considers the major hurdles bitcoin has been through over the past few months. Following news that Elon Musk was rescinding his decision to allow customers to pay for Tesla vehicles with bitcoin and that China was expelling...

A Baptist church in the state of Mississippi has become the latest venture to accept donations in cryptocurrency. Back Bay Baptist Church in the city of St. Martin has announced that it will begin to accept digital currencies for any donations now that the coronavirus pandemic has allegedly made making standard fiat payments difficult for some attendees. Back Bay Gives a Greenlight to Crypto Payments Bitcoin and many of its digital counterparts were initially created to...

Eric Rosengren – the former president of the Federal Reserve Bank of Boston – stated in an interview that he is quite fond of the idea of a digital dollar. He thinks the United States would benefit greatly from using such a tool, and he’s convinced it will not get in the way of bitcoin’s path towards greatness. Eric Rosengren Thinks a Digital Dollar Could Work for the Country If only China could have such an attitude. One of the big reasons, analysts speculate, why China...

Wild Pack Beverage Inc. has become the latest company to begin accepting bitcoin and crypto payments for products and services. Wild Pack Brings the Crypto Payment World Closer to Reality This has become a growing trend as of late. No doubt, the cryptocurrency space is becoming much stronger and heading deeper into mainstream territory as more and more view the asset space as something that is not only valid, but necessary. However, things didn’t start out on that path....

Jamie Dimon – the chairman and CEO of JPMorgan Chase – has stated in a recent interview that he doesn’t care much for bitcoin, going so far as to call it “worthless.” Jamie Dimon Has a Negative BTC Attitude In the interview, he comments that he doesn’t think much of BTC, though his company is willing to offer bitcoin options given that there is an audience for them. He doesn’t want to serve as a regulator of any kind. Thus, he is not willing to simply push bitcoin to the...

Bitcoin “bull” Elon Musk – the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla – is now the richest man in the world, with a net worth of approximately $222 billion according to the New York Post. Elon Musk Has the Most Money Second is Jeff Bezos, the CEO of Amazon, who at the time of writing, only has a net worth of around $191 billion. Musk couldn’t help but rub the news in Bezos’ face after the Amazon head posted the following...

Legendary investor Bill Miller recently took part in an interview in which he praised bitcoin and the growing cryptocurrency space. Bill Miller on BTC: It’s Going to Be Big During the interview, he commented that his recent bitcoin bet will likely play out in a way similar with how Amazon did during the dot-com crash. Amazon was one of the few companies to not only survive that time, but flourish, and he is certain bitcoin has a very long and special future ahead of it....

Edward Snowden – a former National Security Agency (NSA) employee that’s been hiding out in Russia for the past several years – recently emerged to state his opposition to the idea of central bank digital currencies or CBDCs. He stated that these assets pervert everything that cryptocurrency stands for, and that individuals would be foolish to get involved in these currencies. Edward Snowden Says His Piece on Crypto In an interview, he mentioned: A CBDC is a perversion...

El Salvador was one of the first countries to declare bitcoin legal tender. Quite a few people were happy about it and felt that this would potentially put the country on the map. However, some – like Vitalik Buterin – are angry that so many analysts, traders and general crypto fans continue to encourage president Nayib Bukele in his push to make bitcoin more than what it’s allegedly supposed to be. Vitalik Buterin: Bukele Is Making a Mistake Buterin is the co-creator of...

Bitcoin price started a fresh increase above the $50,000 resistance against the US Dollar. The price is now trading above $52,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $55,250 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is showing positive signs and it could continue to rise above the $56,500 level. Bitcoin price is gaining pace above $50,000 against the US Dollar. BTC...