Stock-To-Flow Creator: Bitcoin Cycle “Nowhere Near The Top”
Bitcoin price still can’t crack back above $60,000 and prices are slowly moving downward. And while the creator of the popular stock-to-flow model agrees there’s no avoiding regular corrections in the leading cryptocurrency, the top of the current cycle is…
Why PayPal Co-Founder Peter Thiel Believes China Could Be Weaponizing Bitcoin Against The U.S.
By Brenda Ngari
It’s no secret that the major nemesis of the United States, China, has been experimenting with crypto technology as it looks to render its economy free of the U.S sanctions and the USD’s hegemony. Speaking at a virtual event for…
$48B Asset Manager Millennium Management Dabbles With Bitcoin
By Brenda Ngari
In May 2020, Wall Street veteran Paul Tudor Jones set off a bitcoin buying frenzy when he revealed that he was investing in BTC as a hedge against the great inflation he predicts will come from the money printing sprees…
Bitcoin Bulls Risk Losing Uptrend Line From Sub-$20K
Bitcoin price is back under $57,000 after losing an important trend line that has supported the cryptocurrency’s now historic uptrend. The critical uptrend line began just after the leading cryptocurrency by market cap cracked back above $20,000 for the first…
Square, Coinbase, and Fidelity set to rollout a Bitcoin Trade Group
By Adrian Klent
Square, Coinbase, and Fidelity; companies owned by some of fintech’s top guns, along with other leading crypto companies are joining forces to lead the industry into a better regulatory environment. The three firms intend to achieve this by creating a…
Bitcoin will overshadow Gold’s $10 trillion market cap with ease, says acclaimed stockpiler
By Adrian Klent
According to recent reports, analysts at investment management firm, Ark Invest, firmly believe Bitcoin will effortlessly exceed gold’s $10 trillion market capitalization, assuming the position of the asset with the highest market valuation. Ark Invest,the New York-based global asset manager…
Bitcoin Miners Dumping Half A Million BTC Couldn’t Dent Bull Rally
Bitcoin price is still fighting to break back above $60,000 per coin, but things could push higher according to miner behavior. After dumping more than a half a million BTC on the market during the bull rally, and barely being…
NBA’s Sacramento Kings Makes History By Being First Professional Sports Team To Offer Players Salaries In Bitcoin
By Brenda Ngari
Vivek Ranadivé, chairman and CEO of Sacramento Kings, announced on Monday that all their players and staff now have the option to choose to get their salaries paid in bitcoin rather than USD. This move will make the NBA franchise…
Grayscale Wants To Convert GBTC Into A Bitcoin ETF
By Brenda Ngari
The world’s largest asset management firm Grayscale, revealed in a blog post today that it is planning to convert its $34 billion Bitcoin Trust Fund (GBTC) into an exchange-traded fund (ETF). Grayscale is “100% Committed” To Converting Its GBTC To…