Billionaire Bill Miller Sees Bitcoin As ‘Insurance Policy Against Financial Catastrophe’

pulled out of Afghanistan, Western Union stopped sending remittances there or taking them from Afghanistan, but if you had Bitcoin, you were fine. Everybody got their Bitcoin, the price adjusted, and then when the Bitcoiners realized, ‘Wait, we’re going to have inflation down the road,’ Bitcoin went through the roof. Miller explained that he looks […]

Crypto Analyst ‘Wolf of All Streets’: Bitcoin Is ‘Absolutely Going to the Moon’ | Cryptoglobe

“Nation states adopting it as legal tender, people using it as it means of exchange, unbanked and underbanked people every single day. The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. …Read the full […]

$BTC: What Life Is Like for Foreigners Who Have Moved to ‘Bitcoin Beach’ | Cryptoglobe

While a beach town might sound affluent, El Zonte is not: According to Reuters, ‘El Zonte is visibly poor, with dirt roads and a faulty drainage system.’ In 2019, an anonymous donor in the U.S. “Residents use a Venmo-like app payment system for exchanging Bitcoin, which was developed by a tech company in California called […]

BitMEX Co-Founder Explains Why the Bitcoin Price Could Reach $1 Million by 2030 | Cryptoglobe

According to a recent blog post, Arthur Hayes predicted that the Bitcoin price would reach $1 million within this decade. Hayes expects inflation to continue to worsen for Western countries, which have already topped a 40-year high exacerbated by the conflict in Ukraine. Hayes wrote that investors will increasingly turn to “storable commodities,” such as […]

Swiss National Bank Explains Why It Has Not Put Bitcoin on Its Balance Sheet So Far | Cryptoglobe

“Buying bitcoin is not a problem for us, we can do that either directly or can buy investment products which are based on bitcoin. However, cryptocurrencies and cryptocurrency-based tokens are of only limited use as payment instruments, stores of value and units of account because they are subject to major fluctuations. These are also privately […]

Redditor Accepts Bitcoin To Repair a Lamborghini Aventador | Cryptoglobe

According to an interview with Cointelegraph, Reddit user “JayFab” says he accepted Bitcoin in lieu of cash as payment for the repair of the Lamborghini. JayFab told Cointelegraph it was his first “legitimate” Bitcoin transaction for services, despite getting involved in crypto back in 2016. According to the pseudonymous mechanic, the Bitcoin payment was for […]

MicroStrategy CEO: ‘Strategy To Acquire and Hold Bitcoin Has Been a Tremendous Success’

, talked about Bitcoin in the “Letter to Shareholders” section of his firm’s 2021 Annual Report. Adopting bitcoin as our primary treasury reserve asset set us apart from conventional competitors and elevated our brand. “As of April 14, 2022, MicroStrategy remains the largest publicly-traded corporate holder of bitcoin. “In 2021, we furthered our strategy of acquiring […]

Fidelity Exec on Bitcoin Price: ‘Boring Is Good if You Want Institutional Adoption’ | Cryptoglobe

Until recently, Bitcoin would often overshoot its intrinsic value to the upside during bull markets and to the downside during bear markets. While the S2F model has been an effective model in the past, in my view the demand curve will be the dominant driver from here. For instance, If the demand model says that […]

Crypto Analyst Explains What Needs To Happen for Bitcoin Price To Reach $1 Million | Cryptoglobe

On April 7, Catherine Wood — Founder, CIO, and CEO at ARK Investment Management, LLC — said that her firm expects the Bitcoin price to reach $1 million by 2030 while speaking at a panel with Michael J. The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, […]

Bitcoin ($BTC) and Ethereum ($ETH) Will Hit New Highs This Year, Says Celsius’ CEO | Cryptoglobe

It’s going to take us longer to hit new highs. These include potential pressure on the markets caused by Russia’s ongoing invasion of Ukraine, and a further tightening from the U.S. As reported, last year Mashinky predicted that the price of bitcoin was going to move to $160,000, before lowering his prediction to $140,000 by […]

Nexo Co-Founder Predicts Bitcoin Could Reach $100K ‘Within 12 Months’ | Cryptoglobe

According to a report published by CNBC earlier today , the Nexo managing partner told CNBC that although he us concerned about Bitcoin in the short term — since its price might fall along with other risk-on assets such as U.S. Earlier today, Nexo announced its newest feature: MetaMask integration. “Making it possible for our […]

What Is XBT? Does It Differ From Bitcoin’s BTC Ticker? | Cryptoglobe

Investors don’t know if it represents a specific cryptocurrency or if it’s the same as a crypto token with a different acronym. However, despite its use by professional traders, many experienced crypto investors still don’t know that XBT and BTC represent the same cryptocurrency. XBT meets the requirements established for a ticker symbol by the […]

UFC Announces Fan-Driven Fighter Bonuses To Be Paid in Bitcoin | Cryptoglobe

The professional MMA organization, which holds a partnership with Crypto.com, has announced a new fan bonus that will be paid to the top three fighters on its pay-per-view events in Bitcoin. According to a report by Cointelegraph, the first Bitcoin fan bonus will be paid during the upcoming UFC 273 PPV, featuring featherweight champion Alexander […]

Intel Unveils Its New Energy-Efficient Bitcoin Mining ASIC Chip | Cryptoglobe

To power this new era of computing, Intel is delivering solutions that can offer an optimal balance of hashing throughput and energy efficiency regardless of a customer’s operating environment. Intel expects to ship the Intel Blockscale ASIC to customers starting in Q3 2022. The views and opinions expressed by the author, or any people mentioned […]