Bitcoin

Nigeria is a unique country in West Africa, geographically situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. Inflation is currently over 18%, and money debasement is sometimes a daily occurrence. If you’ve never had a backpack full of useless naira, you wouldn’t understand. In places like Accra, Ghana, the cost of living is among the highest in any African country. But Bitcoin can remove the trust factor of money from the hands of… Source link

Of the total 21 million Bitcoin, just over 1.8 million remain to be mined. Only 1.8 million Bitcoin to reach the maximum circulating supply As is well known, Satoshi Nakamoto, in his now-famous paper with which he created Bitcoin, had stipulated that the maximum Bitcoin to be mined should not exceed 21 million units, as a way to combat inflation thanks to the scarcity of the asset. FUN FACT: 1,885,100 #BTC left to be mined. — Watcher.Guru (@WatcherGuru) August 7, 2022 According to… Source link

Price Prediction for Bitcoin: The InvestAnswers channel predicts that the price of Bitcoin will go gangbusters. But what is the thinking behind this figure? The analyst’s prediction has been one of the wildest BTC price predictions made so far. But, it is not unreasonable, when you take into account a move by Blackrock. Last week, BlackRock, the world’s largest asset manager, announced it will offer Bitcoin trading and custody services to institutional investors through Coinbase… Source link

Bitcoin price shows a lack of directional bias as it approaches the $24,655 resistance level. A lack of buying pressure could send BTC down to the immediate support level at $21,430. A daily candlestick close that flips the $24,655 level into a support floor will invalidate the bearish thesis.  Bitcoin price has shown a resurgence of bulls that have pushed it higher over the last 48 hours. However, this move could halt and reverse if certain resistance levels are… Source link

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A popular crypto analyst is breaking down how the partnership between two financial giants could trigger a Bitcoin (BTC) explosion to $773,000. Last week, US-based crypto titan Coinbase announced that it teamed up with BlackRock, the biggest asset manager in the world, to bring cryptocurrency trading to wealthy clients. In a new strategy session, the host of InvestAnswers tells his 443,000 YouTube subscribers that the partnership could boost Bitcoin’s market cap by a trillion… Source link

Deriving their names from the size of the massive mammals swimming around the earth’s oceans, cryptocurrency whales refer to individuals or entities that hold large amounts of cryptocurrency.  In the case of Bitcoin (BTC), someone can be considered a whale if they hold over 1,000 BTC, and there are less than 2,500 of them out there. As Bitcoin addresses are pseudonymous, it is ofte difficult to ascertain who owns any wallet. While many associates the term “whale” with some lucky early… Source link

This is an opinion editorial by Captain Sidd, finance writer and contributor to Bitcoin Magazine. “When deeds speak, words are nothing.” — African proverb Grokking Bitcoin’s potential impact on the world often starts with diving into the enormity of the problem with fiat currency. The vast moral hazards and twisted incentives inherent in any centrally controlled monetary system or market make for plenty of pains to highlight. It’s no surprise then that Bitcoiners — especially on… Source link

Bitcoin (BTC) rose above $23,000 again into Aug. 6 as new analysis predicted a potential surge of 20% or more. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily chart gives trader $30,000 target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing overnight to once again sit near the top of its established trading range. After multiple attempts to break out above range resistance at $23,500, the pair appeared to still be stuck in limbo at the time of… Source link

Bitcoin [BTC] hit its 2022 rock bottom on 18 June when it went below $17,700. Since then, the number one cryptocurrency has gone up and down the charts. However, BTC has only surged stronger and did not reach such levels again, spending most of its days above $20,000. Now, there could be another side to the BTC price movement. According to a CryptoQuant analyst, Tomáš Hančar, BTC is close to hitting the bottom—he cited that it’s one-third almost at it. How has this… Source link