Similarities to Gold Zach Rector, a crypto expert, has compared XRP to gold due to their shared characteristics as investments. According to Rector, both XRP and gold are: Currencies Commodities Ripple’s Perspective Ripple’s CTO, David Schwartz, agrees with Rector’s assessment. He emphasizes that XRP is: A “raw good” traded in commerce Each XRP is equivalent…
Blockchain analytics firm Arkham Intelligence has revealed that Tesla and SpaceX, two companies owned by Elon Musk, hold over $1.3 billion worth of Bitcoin (BTC) across 96 addresses. Tesla’s Bitcoin Holdings Arkham identified that Tesla currently holds 11,510 BTC ($780 million) across 68 addresses. This includes the $1.5 billion worth of Bitcoin purchased by Tesla…
Traditional finance investors are buying up Bitcoin (BTC) at record levels, according to Ki Young Ju, co-founder of CryptoQuant. Massive Accumulation Ju reports that TradFi investors are dollar-cost averaging 6,896 BTC per day, amassing over 100,000 BTC in the past week. This accumulation is unprecedented, with no signs of outflows. Sell-Side Liquidity Crisis Predicted Ju…
Crypto analyst Rekt Capital believes Bitcoin (BTC) is in the thick of its pre-halving rally. However, he warns that dips are still possible. Dips Happen Rekt Capital notes that during the 2020 cycle, Bitcoin experienced a post-halving slump before soaring. He predicts a similar pattern this year. Bitcoin’s next halving, where miner rewards are cut…
Coinbase Bond Rebounds Coinbase’s convertible bond has seen a significant recovery as Bitcoin prices soar. The bond, which allows investors to convert it into Coinbase shares, had declined in value as the underlying stock struggled. However, the recent rally in cryptocurrencies has boosted the bond’s value, with its cash price reaching a two-year high. AI…
Staking Yields: A Double-Edged Sword Ethereum exchange-traded funds (ETFs) are gaining attention, but experts from BitMEX highlight a crucial factor that could affect their appeal: staking yields. Staking yields are rewards earned by those who deposit their ETH to support the Ethereum blockchain. These rewards can significantly enhance returns. The Challenge for ETFs BitMEX analysts…
Binance, a major crypto exchange, has launched a marketing campaign for International Women’s Day to address the gender gap in the industry. Fragrance and Finance The campaign features a “CRYPTO” fragrance, described as a blend of “exotic ingredients” like HODL, DYOR, YOLO, and LFG. Binance’s goal is to spark conversations about the underrepresentation of women…
Surge in New Users Shiba Inu has seen a massive increase in new users this month. According to IntoTheBlock, the number of daily new addresses has hit levels nearly 20 times higher than the average for February. This influx of new users suggests a significant surge in adoption. Price Rally Fuels Adoption The sharp increase…
Tether co-founder William Quigley suggests that Bitcoin (BTC) could surge to $300,000 by the end of this bull market, based on historical patterns. Halving Impact Bitcoin’s upcoming halving, scheduled for April 18th, is expected to have a significant impact on its price. Quigley believes that Bitcoin is in a stronger position now than before the…
Hedge fund manager Anthony Scaramucci believes Bitcoin is still in its early stages of adoption, similar to the early days of the Internet and Amazon. Adoption Rate Comparison Scaramucci compares Bitcoin’s current adoption rate to March 1999, when only 5% of the global population had access to the Internet. This suggests that Bitcoin has significant…
