Tag Archives: btcusdt

Following the adoption of bitcoin as the country’s second legal tender, El Salvador’s government is discussing if companies would pay their employees in bitcoin. In a tweet by a local radio station 107.7 Fuego on Tuesday (June 15, 2021), three government ministries were considering the possibility of companies’ workers receiving their wages in BTC. This was revealed by the Minister of Labor, Rolando Castro. According to Castro, the decision to pay salaries in bitcoin will...

The American billionaire Tim Draper predicted that bitcoin’s value would reach $250,000 by the end of 2022. He further opined that the primary cryptocurrency would be the core of all financial activities for the next 20-30 years. BTC Is The Future Tim Draper – an American venture capital investor – shared with CNBC his bullish view on BTC’s future value. He forecasted that despite the volatility in the crypto market, the primary digital asset would hit $250,000 by the end of...

Richard Bernstein, an institutional investor Hall of Famer, sounded a note of caution to investors to beware of dealing with Bitcoin. He finds it ”wild” how the primary cryptocurrency was still very popular in a bear market, while assets like oil have been disregarded in a bull market. The Rush to Own BTC Has Become Dangerous In a recent interview with CNBC, the CEO and CIO of Richard Bernstein Advisors spoke about the increased popularity of Bitcoin and altcoins. He opined...

Michael Saylor’s initiative to continue buying more and more bitcoins makes no sense, argued the full-time BTC basher – Peter Schiff. Following the latest development coming from MicroStrategy, in which the company outlined plans to allocate another $1 billion in the asset, the prominent economist called Saylor “truly insane.” Schiff to Saylor: Truly Insane If you have followed the cryptocurrency markets even vaguely in the past year, two names should be popping out as the...

Although bitcoin has already added $10,000 of value in a week to $40,000, some on-chain features suggest even more bullish developments awaiting right around the corner. From the Stablecoin Ratio to increasing active addresses to corporations buying and holders still holding. Reason 1: Bitcoin to Stablecoin Ratio According to data from CryptoQuant, the Bitcoin to stablecoin ratio oscillator has gone into bullish territory. This metric highlights the ratio of the number of...

The Central American Bank for Economic Integration (CABEI), an international multilateral development bank headquartered in Honduras, said that it will work with the El Salvadoran government to implement bitcoin as the country’s second legal tender. According to Reuters, on Monday (June 14, 2021), the executive president of CABEI, Dante Mossi, revealed the bank’s plans at a new conference. Mossi said that the major financial institution would offer technical assistance to El...

MicroStrategy, the company, spearheaded by one of Bitcoin’s most vocal proponents, Michael Saylor, has completed yet another senior secured notes offering to buy more BTC. In an announcement revealed today, MicroStrategy said it’d completed a $500 million offering of senior secured notes due 2028 to buy more bitcoins. As it stands, the company now owns approximately 92,079 bitcoins. The notes have been sold in a private offering to qualified institutional buyers in full...

Prominent legacy investor Paul Tudor Jones III has doubled down on his support of bitcoin by indicating that it is reliable, honest, secure, and 100% certain. Furthermore, he said he wants to have 5% of his entire portfolio allocated in BTC. Ever since the COVID-19 pandemic broke out last year, the US billionaire hedge fund manager has been vocally praising the primary cryptocurrency. He argued that buying bitcoin would ultimately protect him from the growing threat of...

After the latest crackdown from China on Bitcoin mining and the declining hash rate, the mining difficulty has gone through another adjustment. As a result, the metric has dropped by 20% in less than a month to a 5-month low. China Goes Against Bitcoin Mining The world’s largest country by population has been reiterating its negative stance against the cryptocurrency industry for almost a decade. It did it once again in May, but this time it went a step further. As previously...

After Tesla stopped accepting Bitcoin as a payment method for its electric cars back in May, Elon Musk has stated that his company would resume receiving Bitcoin transactions, with one condition dependent on the energy consumption. Exactly one month following Tesla’s announcement of halting bitcoin payments, Elon Musk has said on Sunday that the electric vehicle manufacturer will resume allowing BTC transactions. However, there’s one condition: at least 50% of the energy used...