Bitcoin

Text size Microstrategy owns 92,079 Bitcoins. Dreamstime.com Bitcoin’s recent weakness may have scared some companies away from acquiring more, but one company seems more bullish than ever. The business-software firm Microstrategy (ticker: MSTR) said on Monday that it will sell $400… Source link

The writer is associate professor at the Research Institute of Industrial Economics The value of bitcoin and other cryptocurrencies has multiplied in the last decade. Non-existent returns on fixed-income securities and the fear of future inflation when central banks let the money printing press run at full tilt have led investors to seek alternatives. Many have invested in cryptocurrencies. There is also a superstition that they will take over as an international means of… Source link

Topline  Former President Donald Trump—who has a historically combative relationship with cryptocurrency—launched a harsh round of attacks against Bitcoin on Monday, calling it a “scam against the dollar” that U.S. regulators should take action to monitor.  WASHINGTON, DC – JANUARY 12: U.S. President Donald Trump speaks to reporters on the South Lawn of … [+] the White House before boarding Marine One on January 12, 2021 in Washington, DC. Following last week’s deadly… Source link

getty getty So here we are with bitcoin: The current bitcoin chart Credit: ADVFN As even the biggest skeptic will agree, charts are great for predicting the past, and for me this means the following for bitcoin: The tw-year bitcoin chart shows insitutional FOMO Credit: ADVFN Institution acceptance has been the cry of the bulls for a long time. Institutions, it is believed, will adopt in droves and drive bitcoin to the moon in a straight ballistic rise. … Source link

Topline After bitcoin’s massive crash last month, business analytics company MicroStrategy, the cryptocurrency’s biggest corporate owner, warned Monday it expects to incur a loss of at least $284.5 million in the second quarter as a result of its bitcoin holdings, but the staunch bitcoin bull—helmed by billionaire CEO Michael Saylor—also announced it’s looking to raise more debt to double-down on its volatile bitcoin investment. At one point worth more than $5 billion,… Source link

Scams are running rampant in the cryptocurrency markets as a huge rally in bitcoin, a lack of regulation and the anonymity of digital money have created a ripe environment for fraudsters. Consumers reported losing nearly $82 million to crypto scams during the fourth quarter of 2020 and first quarter of 2021, more than 10 times the amount from the same six-month period a year earlier, according to the Federal Trade Commission. From October to March, the price of bitcoin jumped 450% to nearly… Source link

Bitcoin (BTC) moved incrementally last week, opening and closing near the same price of $35,700. Technical indicators and the price action are providing mixed signs. However, the wave count is leaning bearish. Bitcoin consolidates Bitcoin experienced some volatility last week, moving from a low of $34,153 to a high of $39,476. However, both the opening and close prices were near $35,700, creating a doji candle in the weekly time frame. Technical indicators in the weekly time frame are bearish…. Source link

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Bitcoin’s strongest narrative is “digital gold.” Investors buy it not out of an expectation that it will behave like gold behaves in the market today, but that it will some day take on the historic importance that gold has held across cultures and ages. My colleague George Kaloudis recently reminded me that there’s one important aspect in which bitcoin will never be like gold: In a vault or in the ground, gold will always be gold; bitcoin, however, is a technology, and a technology… Source link

El Salvador’s President Nayib Bukele delivers his annual address to the nation before Congress, in San Salvador on Tuesday. On Saturday, Bukele said he will propose legislation that would make Bitcoin legal tender. Salvador Melendez/AP hide caption toggle… Source link