Bitcoin price prediction: BTC price in sway at $29000
TL;DR Breakdown Bitcoin price prediction expecting a further rise. Correction can take the price down to $22000. Current support found at $28400. Strong resistance found at the $29200. The king of cryptocurrencies started the year 2020 at a mere $7,000 but 2020 had been a good year for the coin. It climbed up to a […]
Why India wants to tax Bitcoin
TL;DR Breakdown India is looking into taxing Bitcoin users by 18%. India will put Bitcoin down as an intangible asset. The country likely needs money to cope with covid 19 expenses. Why India wants to tax Bitcoin India is considering taxing all its Bitcoin users by 18%. The country can tax the investment coin by […]
Grayscale adds 12,000 BTC, raises AUM to almost $16 billion
TL;DR Breakdown: Grayscale Investment has added about $283 million worth of Bitcoin in its holdings today. Following the acquisition, the company’s AUM has risen to almost $16 billion. Grayscale Investment, the largest digital assets management company, had recently suspended the inflow of new funds into most of its cryptocurrency products, including the Bitcoin Trust. Despite […]
Bitcoin IRA processes $500M in crypto from retirement accounts
TL;DR Breakdown: Bitcoin IRA recorded about $500 million from its crypto retirement account offering alone. This shows a growing level of confidence for cryptos in the long term. Bitcoin (BTC) and cryptocurrency in general, are growing so popular as a worthwhile asset. Besides purchasing and holding digital currencies from exchanges, many people are also investing […]
Scaramucci’s SkyBridge Capital files with US SEC for a Bitcoin fund
TL;DR Breakdown: SkyBridge Capital has filed with the US SEC for a Bitcoin fund. This will provide institutional investors with more exposure to the cryptocurrency. Many investment companies are now showing interest in the leading cryptocurrency, Bitcoin (BTC), which has been gaining worldwide adoption among corporate and deep-pocketed investors. It’s no longer a doubt that […]
Grayscale inflows are sustaining Bitcoin from negative price dynamics
TL;DR Breakdown: Grayscale inflows are sustaining Bitcoin from facing a correction, says the United States JPMorgan. Thus, a drop in GBTC inflow could trigger a sudden decline in BTC price. There has been fear among Bitcoin (BTC) investors that the cryptocurrency will face massive correction, just as the price has risen significantly over the past […]
How to negate the disadvantages of Bitcoin
TL;DR Breakdown People are cautious about buying BTC. BTC is soaring in price. BTC is still worth the purchase. How to negate the disadvantages of Bitcoin People are cautious of investing in Bitcoin (BTC) because they cannot grasp their heads around how money can be digital. We are so used to things being physical and […]
Nouriel Roubini says Bitcoin parabolic rise has no fundamentals
TL;DR Breakdown: Nouriel Roubini has again referred to Bitcoin as a bubble, amid the recent price surge. He explained that the bigger the bubble grows, the harder it will burst. The popular United States economist, Nouriel Roubini (Dr Doom), has blasted the largest cryptocurrency, Bitcoin (BTC), again. Roubini argued on Twitter earlier today, that it […]
Bitcoin’s popularity won’t threaten gold’s “currency of last resort” status
TL;DR Breakdown: Goldman Sach said Bitcoin’s popularity wouldn’t be a threat to gold’s long-standing status as the preferred asset for an inflation hedge. The bank opined that both the crypto and gold can still coexist. Retail and institutional interest in Bitcoin (BTC), the leading crypto by market valuation, has been on the rise since this […]
Bitcoin addresses with $1 million are going parabolic amid +$20k BTC
TL;DR Breakdown: As Bitcoin surges, its addresses have been on the increase since yesterday, per Glassnode. Bitcoin addresses holding at least +1 and +1,000 BTC have reached a new all-time high. Bitcoin (BTC) began making another bullish move yesterday, which saw the price broke the $20,000 resistance – a price level long-awaited by many investors […]
See crypto influencers reaction as Bitcoin tops $22,000
TL;DR Breakdown: Bitcoin crossed the $20,000 level on Thursday, making a new ATH above $22,000. Many crypto influencers and industry players reacted to the development, with some predicting a higher price. The leading digital currency, Bitcoin (BTC), has brought back the excitement for investors as the price broke through $20,000 and soared even further. There’s […]
Bitcoin can prevent vaccine scams
TL;DR Breakdown The Pfizer/BioNTech vaccine has finally started spreading across the US. The FBI has issued a warning about vaccine scams. Bitcoin (BTC) is a trustable solution. Bitcoin can prevent vaccine scams There is always someone trying to ruin a good thing. The Pfizer/BioNTech vaccine has finally started spreading across the US, but there are […]
Bitcoin beats gold as most crowded trade in new BofA survey
TL;DR Breakdown: Fund managers rated Bitcoin as the third most crowded trade in a new survey conducted by the Bank of America. The fear of inflation has caused many investors to consider investing in hedge assets like Bitcoin and gold. The largest cryptocurrency, Bitcoin (BTC), attracted many institutions and retail investors since this year, following […]
US president considers jailed Silk Road founder for a pardon
TL;DR Breakdown: President Donald Trump is reportedly considering granting Silk Road founder a pardon before he leaves office. Ulbricht was sentenced to double life imprisonment in 2015, for charges that include money laundering. The notorious founder of Silk Road, Ross Ulbricht, is getting clear hopes of a second chance to live, as the president of […]
Ways to maximize your Christmas with the BTC coin
TL: DR Breakdown Two leading medical journals critique the Government Christmas restrictions. Meetings are being called to discuss Christmas restrictions further. Bitcoin ( BTC coin) is the best way to spread good cheer no matter what. Ways to maximize your Christmas with the BTC coin Christmas is a time for festivities, joy, and laughter, mostly […]
Top 10 reasons to use online Bitcoin casinos
Using Bitcoin casinos provides gamblers with a long list of advantages over regular casinos. These advantages can include privacy, speed, increased earnings, and more. Here we will go through the top 10 reasons to use online Bitcoin casinos and why they’re the better alternative. #1: Earn Bitcoin Bitcoin has been booming in recent days, stretching […]
Bitcoin, Ether non-zero addresses reach new highs
TL;DR Breakdown: Non-zero addresses for Bitcoin and Ether reached a new high on Monday. The increasing balance of these addresses signals more interest for the cryptocurrencies. The price of cryptocurrencies in the market began improving since this week, especially with Ether (ETH) and Bitcoin (BTC) which is back trading at the $19,000 level. Amid the […]
Milestone: Grayscale records $13 billion AUM
TL;DR Breakdown: Grayscale net asset under management has reached another milestone record of $13 billion. The growth of the crypto-assets signals a growing interest in cryptos from institutions. There has been awake of institutional interest in Bitcoin (BTC) and the cryptocurrency market in recent months. This is quite evident following the increased valuation of the […]
Survey finds most Bitcoin investors don’t believe in $50K BTC by 2030
TL;DR Breakdown: Bitcoin investors are bullish that the cryptocurrency is better than stocks, gold, and real estate in the long term. However, a lesser number of respondents say Bitcoin will reach $50,000 by 2030. The institutional digital currency mining platform, Genesis Mining, published the latest finding of its “Bitcoin Investor Predictions 2020” study. In summary, […]
BTC coin will likely continue to soar with the new Covid 19 variant
TL:DR Breakdown The UK confirms a new Covid variant. London will enter into the high tier 3 on Wednesday. New Covid 19 variant will push Bitcoin (BTC) price up. BTC coin will likely continue to soar with the new Covid 19 variant A new Covid 19 variant leaps into the UK forcing the Government to […]
JPMorgan predicts $600 billion from institutions will flow into Bitcoin
TL:DR Breakdown: JPMorgan recently stated that billions of dollars would soon flow from institutions to Bitcoin. Following the recent Bitcoin investment by MassMutual, the bank predicted that more insurance companies are likely to follow suit. It’s no longer a doubt that institutions and corporations will adopt Bitcoin (BTC), the largest crypto by market capitalization. In […]
British investors are 38 times more interested in buying Bitcoin
TL:DR Breakdown: British investors have developed more interest in holding Bitcoin, following the growing price of the crypto. Sterling to Bitcoin trading has increased by 38 times, compared to the record last year. Since the past year, interest in Bitcoin (BTC) among British investors has increased notably, as the price of the leading digital currency […]
Indian farmers should innovate with Bitcoin to combat effects of Gov reforms
TL:DR Breakdown Farmers protest Government changes. The officials and farmers reach no deal. Bitcoin could be the best solution for farmers. Indian farmers should innovate with Bitcoin to combat the effects of Gov reforms Thousands of farmers are hitting the streets to fight reforms they believe will negatively affect their welfare. The Indian Prime Minister […]
Bitcoin adoption in the Wan Chai connection could prove deadly
TL:DR Breakdown The Wan Chai connection hosts great criminals. Bitcoin usage has increased in Hong Kong. BTC’s characteristics are deadly. Bitcoin adoption in the Wan Chai connection could prove deadly The Wan Chai connection is said to house some of the deadliest criminals, according to CNN. The Hong Kong neighborhood hosts many who have been […]
Milestone: Global Bitcoin ATMs has Surpassed 13,000
TL:DR Breakdown: More than 13,000 Bitcoin ATMs have been installed around the world. The installation rate has been growing with every proceeding year, which corresponds with the development in the cryptocurrency industry. The number of Bitcoin ATMs has surpassed 13,000 globally, according to the information provided by the tracking platform, Coin ATM Radar. Since 2020, […]
Corporate Bitcoin investor: MassMutual buys $100 million Bitcoin
TL:DR Breakdown: US-based MassMutual now lists as a corporate Bitcoin investor after buying $100 million worth of Bitcoin. The company also bought a $5 million stake in NYDIG, a crypto company that facilitated the purchase. MassMutual, a mutual life insurance company in Massachusetts, United States, has become the latest corporate Bitcoin investor. According to a […]
Lebanon citizens need mass Bitcoin adoption
TL:DR Breakdown Lebanon needs Bitcoin adoption. Lebanon has experienced a consistent increase in inflation. Lebanon banks are defaulting. BTC adoption could save Lebanon. Lebanon citizens need mass Bitcoin adoption For many years Lebanon has been struggling with a financial crisis, but Bitcoin adoption ( BTC) could save it. In Lebanon, there has been a crisis […]
Poorer countries should tax Bitcoin users to pay for Covid vaccine
Bitcoin (BTC) price increase has been a blessing, and if countries tax Bitcoin, they could afford the Covid vaccine. The Covid vaccine is out While many developing countries are still groveling for the Covid-19 Vaccine in the UK, a 91-year old grandmother became one of the first to receive the Pfizer Covid-19 jab yesterday. Margaret […]
Billionaire Ray Dalio re-evaluates Bitcoin as an alternative asset to Gold
TL:DR Breakdown: Ray Dalio has reviewed Bitcoin and other cryptocurrencies as alternative assets to Gold. The hedge fund manager once referred to them as bubbles and a poor store of wealth. Many digital currencies faced some level of criticism from the public, especially Bitcoin (BTC), during the early years. In most cases, Bitcoin was referred […]
Black Swan Astrologer: Bitcoin is the next stage in the evolution of money
TL:DR Breakdown: The Black Swan Astrologer predicts that cryptocurrencies are poised for massive adoption in 2022, and would disrupt many economies. He further added that Bitcoin will be valued above $1 million eventually. Having discovered an astrological chart that foretells the future of money in the coming years, Matthew Swann, who’s popularly known as the […]
Bitcoin investment for all races
Bitcoin investment (BTC) is so modern that it only came into existence 12 years ago. In many ways, its newness makes it a more promising investment for all races. Bitcoin investment is not tied with white supremacy, unlike many investments. White supremacy is the idea that white is the better race in every way. White […]
Inflow in Bitcoin products spikes as Gold’s decline
TL:DR Breakdown: Inflows on Bitcoin products surged to the second-largest level last week More than $400 million flowed into Bitcoin, while billions left Gold in the same period. A recent market report from CoinShares informed that a substantial amount of funds flowed into Bitcoin products and funds in the past week. Within the same period, […]
MicroStrategy to raise its Bitcoin reserve with $400M securities offering
TL:DR Breakdown MicroStrategy is planning to raise its Bitcoin reserve by $400 million. The company intends to raise the fund through a securities offering. The Nasdaq-listed Bitcoin (BTC) most-bullish company, Microstrategy, has revealed another plan to buy even more Bitcoin. This time, the planned investment won’t be made directly from the reserve. However, it planned […]
Bitcoin price prediction: in steady pursuit of $20,000
TL:DR Breakdown Bitcoin price prediction expects a steady road to $20,000 BTC price currently sitting at $19,200 level Volatility levels suggest BTC continues bullish Support levels steadily appearing BTC dominance down from 64 percent on the 1st of December 2020 Bitcoin price prediction: Bitcoin (BTC) currently retains just under 63 percent dominance as it steadily […]
Altcoins are fading
Investors seem to be unsure about Altcoins. With the spurs of good news with Bitcoin climbing to see better price highs and Ethereum releasing 2.0, and PayPal adopting crypto, you would assume altcoins are winning. The news keeps coming and appearing sweet as ever, with China adopting its digital Yuan and major countries like Canada […]
Bitcoin price prediction: fall to $18,800 beckons rally to new ATH
TL:DR Breakdown Bitcoin price hits lows of $18,686 today BTC price depicts bullish rally in the works Down $540 on the day Volatility level decreasing as bullish momentum builds $20,000 level on the horizon Bitcoin (BTC) price has dropped $540 in value today down towards lows of $18,686. This looks to be a fluctuational nature […]
Survey: Millennials see Bitcoin as a better safe-haven asset than Gold
TL:DR Breakdown: Over two-thirds of millennials surveyed chose Bitcoin over Gold as a better safe-haven asset. This follows the world’s transition to a digital era, as many young investors are becoming digital natives. Millennials are giving the top cryptocurrency, Bitcoin (BTC), an upper hand as a better safe-haven asset than Gold. This has also always […]
Man saves Canadians from Bitcoin ATM scams
TL:DR Breakdown: A store owner in North Delta saved Canadians from sending thousands of dollars to Bitcoin ATM scammers. This scam has been on the rise in the country, as many people aren’t aware of the Canadian law. Scammers are increasingly pestering residents in Canada with lots of Bitcoin ATM scams, where they impersonate certain […]
What happens to your BTC after Bitcoin expires
There are only 21 million coins of Bitcoin (BTC), and since April, there have been17 million mined BTC over 12 years. Bitcoins are released consistently. Every hour 6 Bitcoins would have been released. Every four years the blocks decrease by 50%. All this to say BTC will eventually run out. We are living in the […]
Bitcoin ETP: Swiss firm launches fee-free Bitcoin exchange-traded product
TL:DR Breakdown: Swiss Valour has launched the world’s first fee-free Bitcoin ETP The product will provide institutional investors exposure to Bitcoin without having to worry about management fees. Investments companies in the digital assets space are making it easier for crypto adoption with the introduction of easy-going products. Today, a Switzerland-based company, Valour, informs about […]
