Bitcoin’s surge past $50,000 catalyzed a broader market upswing, propelling numerous large-cap alternative digital assets such as Ethereum (ETH), Solana (SOL), and others to significant gains. According to data from CryptoSlate, Ethereum saw a 7% uptick, reaching $2,661, while SOL surged 8% to hit $114. Among the top 10 digital assets, Avalanche’s AVAX spiked 6%…
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In Brief DWS Group warns of inflation and higher bond yields if Trump is re-elected. Rick Santelli highlights risks of high bond yields, suggesting market volatility. Trump’s CBDC stance and AI regulation views could inadvertently boost BTC. As the November presidential election approaches in the United States, speculation mounts about the potential repercussions of Donald…
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In Brief Putin criticizes Biden’s policies for undermining US dollar’s global reserve currency status. Sanctions and political use of USD lead to de-dollarization, with Russia shifting to yuan and ruble. Amidst US debt concerns, Bitcoin gains traction as a potential safe haven and investment. Russian President Vladimir Putin has leveled a severe warning against the…
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Market dynamics shift as Bitcoin approaches crucial 2024 supply halving. Quick Take The imminent halving event for Bitcoin in April 2024 will slash monthly issuance from 27,000 BTC to approximately 13,500 BTC and bring daily rewards down from 900 to 450 BTC, giving Bitcoin an inflation rate of less than 1%. Detailed analysis of individual cohorts…
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Finder industry survey shows bullish sentiment throughout the crypto industry for Bitcoin over next 12 months. Finder’s latest survey of 40 crypto founders, executives, and educators reveals a bullish outlook for Bitcoin, projecting its value to increase significantly through 2030. The consensus among the panel suggests a positive trajectory for Bitcoin, predicting its value to…
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In Brief MicroStrategy purchased 850 Bitcoins worth $37.2 million in January, bringing its total to 190,000 Bitcoins valued at $5.93 billion. Despite Bitcoin investments, MicroStrategy’s total revenue has declined by 6% year-over-year. Saylor highlighted the significance of the SEC’s approval of the spot Bitcoin ETFs in December 2023. Throughout the month of January, Michael Saylor’s…
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In Brief Today in the UK High Court, Craig Wright, who claims to be Bitcoin’s creator, presents his case for validation. Since 2016, Wright asserts his association with Bitcoin without presenting substantial evidence to support his claims. The COPA is demanding Wright show more evidence after he offered a settlement to the organization last week.…
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In Brief Bitcoiner Nayib Bukele claims victory in El Salvador’s presidential elections with over 85% of the votes, according to exit polls. Bukele’s win is seen as a positive for the continuation of Bitcoin adoption in El Salvador, where it was made legal tender in 2021. El Salvador’s Bitcoin treasury currently stands at 2,825 coins,…
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In a word Since Bitcoin ETFs were endorsed, BTC’s cost has dropped and institutional elements are collecting the advanced resource. Retail investor engagement and BlackRock’s participation in Bitcoin ETFs raise expectations for future price increases. In spite of assumptions at a cost climb in the wake of endorsing 11 spot Bitcoin ETFs, Bitcoin’s worth dropped…
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In short Very rich people Chamath Palihapitiya, Imprint Cuban, Ricardo Salinas, and Tim Draper give fluctuated points of view on Bitcoin. Palihapitiya sees Bitcoin as a judicious venture against shaky financial frameworks, foreseeing it could arrive at millions. While Salinas and Draper highlight Bitcoin’s potential as a decentralized currency, Cuban focuses on the technological aspect.…
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