Bitcoin hit a major milestone, closing above $100,000 for the first time ever! But should we be celebrating or bracing for impact? One analyst thinks a big correction might be on the horizon. Bitcoin’s Big Break and a Quick Dip Bitcoin finally cracked the $100,000 mark, a huge psychological barrier. But almost immediately, it took…
Larry Summers, former US Treasury Secretary, slammed President Trump’s plan to create a national Bitcoin reserve as “crazy.” He questioned the plan’s purpose and suggested it’s more about politics than sound economics. Summers’ Skepticism Summers, who oversaw the US gold reserve under President Clinton, argued that unlike tangible assets like gold or oil, Bitcoin is…
Dogecoin, one of many cryptocurrencies out there, can be mined just like Bitcoin. This guide explains how cloud mining Dogecoin works and what you need to know. What is Dogecoin Cloud Mining? Cloud mining lets you earn Dogecoin without owning expensive mining equipment. Essentially, you pay a provider to do the mining for you. They…
Eric Trump, son of former President Donald Trump, recently made a bold prediction about Bitcoin’s future price at the Bitcoin Mena conference in Abu Dhabi. He believes Bitcoin could reach a staggering $1 million per coin. Bitcoin’s Unique Advantages Trump highlighted several reasons for his optimistic outlook. He emphasized Bitcoin’s scarcity – only 21 million…
Google recently unveiled a powerful new quantum computer chip called “Willow,” sparking concerns about the future of Bitcoin’s security. Let’s break down the debate. Google’s Willow: A Quantum Leap? Google’s CEO announced Willow, a 105-qubit chip that boasts significantly reduced error rates compared to previous quantum computers. This is a big deal because it can…
Dan Tapiero, a well-known crypto investor, predicts a massive boom for the US decentralized finance (DeFi) sector within the next two years. He believes this sector is on the verge of a significant expansion. DeFi’s Untapped Potential In a recent interview, Tapiero highlighted the relatively small size of the DeFi market compared to the overall…
Tether, the company behind the USDT stablecoin, is reporting massive growth in the number of wallets holding its cryptocurrency. This growth, they say, isn’t driven by large investors (“whales”), but by everyday users with smaller amounts of USDT (“minnows”). Small Wallets, Big Numbers The number of USDT wallets has exploded. Tether claims a 71% increase…
Tom Lee, the investment chief at Fundstrat, believes Bitcoin’s recent surge is a strong indicator of good things to come for the stock market. Bitcoin’s Strength Signals Investor Confidence Lee, in a recent CNBC interview, stated that Bitcoin’s impressive gains in the last quarter show investors are feeling more comfortable taking on risk. He thinks…
Big Losses in Crypto The crypto market started the week in the red. Bitcoin (BTC) dipped below $100,000, falling to around $97,470, pulling many other cryptocurrencies (altcoins) down with it. Over $567 million in crypto positions were liquidated in just 24 hours, mostly Bitcoin investors who were betting on the price going up. Analyst Warns…
A group of shareholders is pushing Amazon to invest in Bitcoin, suggesting it could be a smart move to protect against inflation and boost long-term value. Shareholders Want Bitcoin in Amazon’s Treasury A US think tank, the National Center for Public Policy Research (NCPPR), formally proposed that Amazon add Bitcoin to its financial reserves. They…
