Senator Cynthia Lummis has proposed a radical idea: the US government should buy $20 billion worth of Bitcoin every year until 2030. The goal? To use this massive Bitcoin reserve to eventually pay down a significant portion of the national debt. But is this plan realistic? Let’s dive in. The Math Doesn’t Quite Add Up…
A well-known crypto analyst, Credible, believes Ethereum (ETH) is reaching a crucial point, currently trading near $3,000. Ethereum’s Make-or-Break Moment Credible, who boasts nearly 460,000 followers on X (formerly Twitter), suggests ETH might be nearing a local bottom before a price surge. He warns that if the $3,000 support level breaks, ETH could fall below…
The UK government is considering selling its massive Bitcoin stash – worth a staggering $6.27 billion – to help ease its financial woes. This Bitcoin was primarily seized from convicted money launderer Jian Wen. A Bitcoin Bonanza? According to a blockchain analysis firm, the UK holds this cryptocurrency fortune, mostly acquired through the seizure of…
Robert Kiyosaki, author of “Rich Dad Poor Dad,” is predicting a huge stock market crash and a corresponding Bitcoin boom. A Crash is Coming? Kiyosaki claims his 2013 book, Rich Dad’s Prophecy, predicted a massive stock market crash set for February 2025. He believes this crash will trigger a mass exodus from traditional markets into…
Crypto analyst Benjamin Cowen predicts that Ethereum (ETH) might experience one final correction before reaching new all-time highs. The BOJ’s Influence Cowen points to a connection between the Bank of Japan (BOJ) raising interest rates and subsequent dips in the Ethereum market. The BOJ increased rates in March and July 2024, and again recently. These…
Ethereum’s price has been a rollercoaster lately. After dipping to a crucial support level of $3,000, it bounced back to around $3,200. This volatility had some investors worried, questioning whether ETH could recover. Whale Watching: Massive Accumulation But here’s the interesting part: despite the price swings, some big players are betting big on Ethereum. In…
With a shift in the US political landscape, many investors are feeling optimistic about crypto again. Bernstein analysts, after talking to a bunch of investors, say there’s a growing belief that “crypto is back.” A New Wave of Interest This renewed interest isn’t just from crypto-focused companies. Investors from traditional finance, payments, tech, and other…
Dogecoin has been on a bit of a rollercoaster lately. After a ten-day slump, it bounced back from its $0.31 support level. Now, the big question is: can it break through the $0.4 barrier? Elon Musk’s Influence One analyst thinks so. They point to Elon Musk’s continued support as a major factor. Musk’s vocal advocacy…
Bitwise, a big name in crypto ETFs, just filed paperwork with the US Securities and Exchange Commission (SEC) to launch a Dogecoin ETF. This follows a Delaware filing last week and is a pretty big deal for the crypto world. Market Reaction (or Lack Thereof) Bloomberg’s ETF expert, James Seyffart, wasn’t surprised by the news,…
Early Bitcoin adopter and Bitcoin Cash advocate Roger Ver is desperately trying to avoid extradition to the US on tax evasion charges. He’s asking former President Trump for a pardon. A Plea for Clemency Ver posted a video online claiming he’s a victim of “lawfare,” saying he could be facing decades in prison. He insists…
