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Tag Archives: Opinion

MicroStrategy Bought More BTC, but the Price Stayed the Same

News has emerged that MicroStrategy has purchased even more bitcoin units. This would have otherwise been big news, but unfortunately, this little maneuver on the company’s part failed to make any sort of headway in the crypto space, and bitcoin is still trading for $48,000, which is where it’s been over the past few days. MicroStrategy Has Purchased More Bitcoins What does this mean, exactly? There are a few arguments one can make about this situation, the first being...

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The New Year Has Arrived! Will It Be Good for Bitcoin?

The new year has arrived. All the craziness and sloppiness of 2020 can potentially be put behind us as we look towards the future. Will 2021 be a kind year? Will it be kind to bitcoin?Will Bitcoin Have a Solid Run in 2021?The one thing we can say about the last 12 months is that they have been rather positive for cryptocurrency. The rest of us have been left out in the rain, no doubt, but crypto traders and investors are likely looking at their stashes at the time of writing and felling...

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What Will 2021 Hold for Bitcoin?

A new year is upon us. 2020 is finally coming to a long-awaited end, along with the craziness that came with it. This year bitcoin rose to new heights, and the currency appears to have garnered a newfound reputation as a store of value. Many see it as a hedge tool that can keep one’s wealth safe during times of economic strife.Will 2021 Be Any Different for Bitcoin?The big question now is, “Where do we go from here?” Where will bitcoin be lead in 2021? Could the future hold promising items...

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Is Bitcoin Mining Still Considered Steady Work?

Reports of a company known as Core Scientific have emerged in the news as of late. The enterprise is looking to expand its bitcoin mining operations throughout the U.S. While the firm is officially based in Bellevue, Washington, the company has also opened stations in several Midwest and southern states including North Carolina, Kentucky and Georgia, and it doesn’t plan on stopping any time soon.Does Bitcoin Mining Still Hold Sway?The fact that all this is occurring in the United States is...

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Jeff Gundlach: Bitcoin Is a “Lie”

Billionaire investor Jeff Gundlach – who has since garnered a reputation for being a “bond king” – has laid out his thoughts regarding bitcoin and today’s financial markets. While he denies being a legitimate “bitcoin hater,” it’s clear from his recent words that he doesn’t believe in it, and he’s convinced that the cryptocurrency is nothing like what it’s fans claim it to be.Jeff Gundlach Doesn’t Believe in BTCIn a recent interview, he commented:I don’t believe in bitcoin. I think it’s a...

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Libra Gets Another Executive, But Does Anyone Care Anymore?

Facebook’s Libra company – the cryptocurrency that will allegedly serve as a global currency everyone can use in the coming future – has appointed James Emmett, the former HSBC European head, to an executive position within its infrastructure.Libra Chooses James Emmett of HSBC FameAccording to reports, Emmett will develop and operate the payment system associated with Libra, which goes by the name of the Calibra wallet. Emmett’s appointment marks the latest in a string of several high-profile...

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Bitcoin Again Hits the $12,000 Mark

After all the worry and concern that has been meandering throughout the space, bitcoin has again crossed the $12,000 threshold for the second time in just weeks.It’s $12K All Over Again for BitcoinThe last time bitcoin hit this figure was in the middle of August. Sadly, the price switch didn’t last. It rose all the way to $12,400, but bitcoin was not able to keep up the momentum and fell back into the low $11,000 range a few days later. It’s relatively impossible to assume what will happen...

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Another Major Fall? Predicting Where Bitcoin Will Go Next

It’s been a relatively odd week for bitcoin, the world’s number one digital currency by market cap. At the time of writing, the asset is currently trading for just over $11,500, which is a few hundred more than where it stood just 48 or 72 hours ago.Will Bitcoin Go Up or Down?The currency has been in an up-and-down pattern over the last few days. While this isn’t necessarily a bad thing, it also shows that bitcoin’s resilience is not exactly where we thought it was prior. Before, the currency...

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What if Banks Completely Took Over the Crypto Space?

One source appears to be suggesting that cryptocurrencies, by themselves, don’t have a chance of survival, and that if they’re going to last any longer, they will need banks to do it.Banks and Crypto: A Single Entity?Already, we’ve witnessed some huge jumps forward in the “cold war” between banks and cryptocurrency. Much like the United States and Russia did between the 1940s and the 1980s, both entities are trying to outdo the other, and show the world why they are essential and why they are...

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When Will Bitcoin Strike the $12,000 Mark Again?

Today, bitcoin is trading for roughly $11,700. This is slightly above where it was just 24 hours ago, but the big question that’s likely on the mind of virtually every crypto trader out there is, “When is $12K going to show up again?”Is Bitcoin Planning to Move Up Anytime Soon?Not too long ago, the world’s number one cryptocurrency by market cap rose all the way to $12,400 in what was easily the biggest spike the asset had seen in well over a year. However, the surge didn’t last long, which...

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