Bitcoin

According to Bloomberg Intelligence, $100,000 Bitcoin (BTC) and $2,000 gold could greet 2022 as global markets face “deflationary forces.”  In a tweet on Dec. 9, Mick McGlone, a senior commodity strategist at Bloomberg’s research arm, forecast that next year would be good for both gold and BTC. “Positive ramifications” for Bitcoin thanks to deflation As inflation makes headlines worldwide this month, Bitcoin has faced criticism over its alleged role as a hedge thanks to its 39% drawdown… Source link

The amount of computing power dedicated to churning out new units of bitcoin has jumped close to an all-time high as cryptocurrency miners shift their operations to new countries following a clampdown in China. The bitcoin hash-rate, a measure of how difficult it is to create new coins, has risen to 172m terahashes per second, the highest since May, according to data from Blockchain.com. The increase suggests digital “miners” are dedicating more computing resources to crack… Source link

Podcast host Natalie Brunell reacts to crypto CEOs testifying before lawmakers on ‘Making Money.’ Bitcoin was trading around the $50,000 level Thursday morning.   Cryptocurrencies were the focus on Capitol Hill on Wednesday at a House Financial Services Committee hearing. Leaders from major crypto exchanges, mining and other related businesses testified for four-and-a-half hours. The fast-growing industry understands more regulation is likely coming, but its representatives don’t want it… Source link

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Today, we’re revisiting a useful on-chain metric, Liveliness, that tracks the accumulation and distribution behavior of HODLers. As a refresher, Liveliness is calculated as a ratio: the sum of all Coin Days Destroyed and the sum of all coin days ever created…. Source link

Follow @crypto Twitter for the latest news. Bitcoin swung between gains and losses around the $50,000 price level as traders sought direction in the wake of one of the biggest one-day selloffs this year.  Source link

The chairman of Starwood Capital Group, billionaire Barry Sternlicht, has shared his view on how bitcoin could grow to be worth a million dollars a coin. He calls the cryptocurrency a “smart” hedge in a world where the government just keeps on printing money. Billionaire Barry Sternlicht Believes Bitcoin Could Rise to $1 Million per Coin Billionaire Barry Sternlicht, the chairman of Starwood Capital Group, talked about the future outlook for cryptocurrencies, particularly bitcoin,… Source link

Cathie Wood’s $560,000 Bitcoin call is now a 988% upside play — here’s how to take advantage of the cryptocurrency’s slide Bitcoin is so volatile that if you want to “buy the dip,” the dip will likely be there. Case in point: After peaking at over $68,000 in early November, the price of the world’s largest cryptocurrency wasn’t able to maintain its upward momentum. In fact, over the past weekend, it dipped below $50,000. Trading at $51,444 as of this writing, Bitcoin has dropped… Source link

The Miami jury cleared Craig Wright on nearly all issues in the dispute, including that half of the 1.1 million bitcoin in dispute belonged to the family of Dave Kleiman, the former partner and computer forensics expert. While concluding that Wright was not liable for fraud, jurors did award $100 million in intellectual property rights to W&K Information Defense Research LLC, a joint venture between the men. The trial began on Nov. 1. “This has been a remarkably good outcome and I feel… Source link

As 2022 draws closer, some cryptocurrency investment experts are doubtful about whether Bitcoin (BTC) has enough time to hit $100,000 in 2021. Following a major flash crash in the cryptocurrency market, Bitcoin is unlikely to break new all-time highs in the next three weeks and go all the way up to $100,000, according to Bitwise chief investment officer Matt Hougan. “$100,000 by the end of the year is a difficult prediction to make […] I think $100,000 could be in target in 2022 but this… Source link

Bitcoin’s rocky weekend marked one of the first times a storm in traditional financial assets triggered big waves in cryptocurrencies, underscoring how large investors are playing an increasing role in digital asset markets. The price of the biggest cryptocurrency by market value tumbled $10,000 in just 60 minutes in the early hours of the London morning on Saturday to hit $42,222, according to the FT Wilshire blended bitcoin price index that tracks trading on leading crypto… Source link