Over the past year, Shiba Inu (CRYPTO:SHIB) has skyrocketed 68,000,000%, growing at a pace that could turn relatively small sums of money into millions of dollars. While impressive, Shiba Inu lacks actual utility, and those gains have been driven by nothing more than hype. That leaves a big hole in the long-term investment thesis, especially when other cryptocurrencies have seen mainstream adoption. For instance, PayPal Holdings debuted the ability… Source link

The CEO of Microstrategy says that bitcoin will emerge as a $100 trillion asset class and will grow 100X from where it is today. He said the cryptocurrency is winning against gold as a store of value and he is not worried about regulation. “I’m not at all troubled with the regulations that’s going on right now.” ‘Bitcoin Is Winning, Gold Is Losing’ as Store of Value Microstrategy CEO Michael Saylor talked about the future outlook for bitcoin in an interview with CNBC… Source link

The market entered into a dynamic zone, wherein the bulls attempted to counter the extended correction phase. Thus, altcoins like Shiba Inu and Litecoin saw green candlesticks over the past 24 hours. The outlook remained bearish while the near-term technical indicators pointed at its decreasing influence. On the flip side, Loopring flashed bullish indications but fell into a downturned after striking its ATH on 10 November. Shiba Inu (SHIB) TradingView, SHIB/USD The meme coin was on a… Source link

Bitcoin (BTC) has been on an impressive price run since the announcement of the United States Securities and Exchange Commission’s approval of ProShares’ Bitcoin futures exchange-traded fund (ETF) early in October, hitting a new all-time high of over $69,000 on Nov. 10, as per data from TradingView.  However, the financial watchdogs soured the mood by rejecting VanEck’s proposal for a spot ETF on Nov. 12, which acted as a trigger for the price of the flagship cryptocurrency to drop to… Source link

We’ve argued many times in the past that the correlation between Bitcoin’s price and the market capitalization of hundreds of altcoins makes very little sense. Whether you buy into the idea that Bitcoin is digital gold, or a payment mechanism, or both, it doesn’t have a whole lot in common with Ethereum, Shiba Inu, or FTX’s native exchange token. Well, whether we like it or not, big moves in the price of Bitcoin define crypto markets. Before Bitcoin slid from the latest all-time high… Source link

Depending on who you believe, computer scientist Craig Wright is either the mysterious Bitcoin creator Satoshi Nakamoto — one of the most influential men of the modern age and the 15th wealthiest person in the world — or a crafty Aussie who is trying to trick the world and cheat the estate of a dead man. Or both. In a court case now unfolding in West Palm Beach, Fla., Ira Kleiman, the brother of the late computer-security specialist David Kleiman,… Source link

Few (if any) asset classes are as polarizing as cryptocurrency. On one side, companies like MicroStrategy and Square have embraced the trend, adding Bitcoin to their balance sheets. But on the other side, esteemed investors like Warren Buffett and Charlie Munger have rejected the trend. In fact, Munger once called Bitcoin “disgusting and contrary to the interests of civilization.” The same dynamic has played out in governments. China has issued a… Source link

The U.S. stock market is roaring, but it’s nothing compared to the gains we are seeing in the crypto market. Less threatening regulatory hurdles, increased trust and security, and inflation-resistant characteristics are all tailwinds propelling cryptos to new all-time highs. Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) both reached new highs on Nov. 10 of $69,000 and $4,867, respectively. Solana‘s (CRYPTO:SOL) last all-time high of roughly $260 was… Source link

Privacy coins are cryptocurrencies that focus heavily on security, keeping user transactions anonymous. That’s long been one of cryptocurrency’s biggest appeals, but their focus on anonymity has also given privacy coins something of a… reputation. But privacy coins’ shady image may be blinding investors to a great opportunity. These hard-to-track coins are often used in illegal activities online. The US Treasury even established a bounty program on… Source link

Most of us wish we had invested in — or invested more in — Bitcoin. The world’s first cryptocurrency started out at around eight cents in 2010. And this year, it surpassed $60,000. Of course, it may not be too late to get in on this crypto titan. Some predict it will move even higher into the future. (And, as with many investments, others say just the opposite.) But you may not want to hop on the Bitcoin train this late in the game. Instead, you may… Source link