Bitcoin has bounced off after the latest negative engagement by Elon Musk and has neared $38,000. Most alternative coins have spiked even harder in the past 24 hours, with ETH trading around $2,800 and BNB surging well past $400. Bitcoin Recovers the Latest Elon Musk Dump After the previous weekend in which BTC dumped below $34,000, the asset performed rather well during the workweek. It was gradually increasing for a few consecutive days and even broke above $37,000. The...
Read More »The Fed is Bitcoin’s Biggest Booster, Say The Winklevoss Twins
Speaking to Anthony Pompliano during the 2021 Bitcoin conference, the Gemini founders, Tyler and Cameron Winklevoss noted that they are still BTC hodlers and pledged to hold at least until the price reaches $500,000. Additionally, they called the US dollar the “ultimately shitcoin.” The Winklevoss twins are among the most famous early BTC adopters, having purchased sizeable amounts in 2012. During the conference, the brothers said they firstly bought when the asset’s price...
Read More »Jack Dorsey: I Would Leave Square and Twitter for Bitcoin if it Needed Me More
If Dorsey didn’t work on Square and Twitter, he would be doing something on the Bitcoin network, he said during the ongoing BTC conference. Additionally, he said that the primary cryptocurrency is the most important work in his lifetime. Speaking at the 2021 Bitcoin Conference, the CEO of Square and Twitter asserted that BTC “changes everything” for him as the freedom it represents draws him in the most. Moreover, he noted that “I don’t think there’s anything more important...
Read More »Elon Musk Killed Bitcoin’s Bullish Week: The Crypto Weekly Recap
Bitcoin is trading more or less where it was a week ago, following another seven days of choppy price actions. This time, however, it seems that it was an event that propelled its most recent decline and the catalyst was no other but Elon Musk. Last weekend kicked off with a crash towards $33K on Saturday, followed by an increase and yet another decline to roughly around the same area on Monday. As the workweek began, the price started recovering, and it reached well over...
Read More »Michael Saylor Bought Bitcoin on June 3 2020 After Realizing Owning Big Tech Stocks Doesn’t Work
During the ongoing Bitcoin 2021 conference, Michael Saylor spoke with long-time BTC proponent Max Keiser on why and how he started buying, the asset’s merits, and what cannot happen with it. Saylor, who has purchased tens of thousands of bitcoins for himself and the company he runs – MicroStrategy – in the past year, outlined his primary reason why he started purchasing. He was first offered bitcoin in 2014 when he skipped because he thought investing in stocks of “big tech...
Read More »Max Keiser: Buy Bitcoin to Help Your Family When the Global Economy Collapses (Exclusive Interview)
With the largest Bitcoin conference to date taking place in Miami, CryptoPotato had the chance to speak with one of the most prominent BTC proponents – Max Keiser. During the interview, the host of the Keiser report talked about the remarkable difference between the first Bitcoin conference in Prague ten years ago, price movements, crypto sentiment, and more. What a Difference Ten Years Can Make Keiser, who has been among the most well-known BTC bulls for over a decade, spoke...
Read More »Miami Mayor Opening Bitcoin 2021: The Days of a Currency Tethered to a Central Bank Coming to End
Bitcoin 2021, the biggest BTC-oriented conference so far, is taking place in Miami right now. Opening the event was, somewhat expectedly, the mayor of the city – Francis Suarez. Francis Suarez at Bitcoin 2021. Source: CryptoPotatoMayor Suarez spoke highly of Bitcoin and the entire movement of cryptocurrencies. He even compared them to what Miami is trying to achieve in becoming a technology hub. He said that many believe the current inflow of people to the city is mainly due...
Read More »Crypto Price Analysis & Overview June 4th: Bitcoin, Ethereum, Ripple, Cardano, & Solana
We saw another week of relatively choppy price action as the major cryptocurrencies failed to chart any serious gain. On the opposite – with a few exceptions, most of the coins underwater. Bitcoin Bitcoin is down by a total of 4.7% this week and is trading inside an ascending price channel as it battles to remain above the upper boundary at around $36,600. The cryptocurrency had an interesting week of trading after meeting the resistance at $40,760 (bearish .382 Fib) last...
Read More »Bitcoin Whales Unfazed by the Elon Musk-Induced Volatility And Keep Buying
Bitcoin whales seem not to care about Elon Musk’s comments on bitcoin anymore as they have continued accumulating significant portions of the asset. Such wallets have expanded their BTC holdings by roughly $2 billion since the market started dumping. Bitcoin Whales Keep Purchasing Bitcoin whales are typically described as wallets containing between 100 to 10,000 bitcoins. According to data from the analytics company Santiment, such addresses have been unfazed by the latest...
Read More »Bullish for Bitcoin? Miners and Hodlers Refuse to Sell as Stablecoin Supply Ratio at Lowest
Bitcoin could be heading towards a significant price boost, at least according to several on-chain features. Miners have ceased disposing of their coins, and so have long-term hodlers. At the same time, the Stablecoin Supply Ratio has dropped substantially lately. Miners and Long-Term Holders Refuse to Sell Apart from being the backbone of the Bitcoin network, miners also have a notable role when it comes down to the price of the underlying asset. As previously reported by...
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