Investment firm VanEck praised Bukele’s bitcoiner tactics in El Salvador. MicroStrategy’s Bitcoin Accumulation Strategy Is Key, But Is It Sustainable? The Bitcoin market is at a crucial moment with the $100,000 barrier about to be surpassed. However, strong sales slowed its advance, despite bullish projections that point to even higher prices in the future. Expectations … Read more
Bitcoin (BTC) has reached $100,000 in futures contracts for the first time offered by the Chicago Mercantile Exchange (CME). In the following graph, provided by TradingViewyou can see how BTC has behaved in this market: Price of bitcoin futures contracts on the CME in the last 5 days. Source: TradingView. Although the price spot of … Read more
Russian President Vladimir Putin signed a law that modifies the tax regime for mining and trading bitcoin (BTC) and cryptocurrencies, officially converting them into property under the Tax Code of the Russian Federation. This law, which was approved this week by the State Duma and the Federation Council, public officially on Friday, November 29, marking … Read more
50 million ounces of gold await the country to reverse the law that prohibits metal mining. Bukele’s bitcoin strategy is already giving strong signs that it is working. The president of El Salvador, Nayib Bukele, is determined to continue diversifying the national treasury after he revealed, in March of this year, the address of a … Read more
The world’s most valuable stablecoin, USDT, issued by the company Tether, acts as a bridge between fiat money and cryptocurrencies. For this reason, there is a high correlation between USDT and the price of bitcoin (BTC), the main digital currency. Bitcoin investors typically trade through USDT, which means a rise in bitcoin price also boosts … Read more
Saylor has been the main promoter of the institutionalization of Bitcoin. Before Bitcoin, MicroStrategy was not a good investment. Bitcoin would have reached $100,000 on its own merits if Michael Saylor didn’t exist. It was a matter of time; I didn’t need Saylor. But the institutional drift that Bitcoin has taken in recent years has … Read more
So far, MicroStrategy accumulates 386,700 BTC. The company invested $5.4 billion in the purchase announced this Monday. This Monday, November 25, MicroStrategy announced a new acquisition of 55,500 bitcoin (BTC). The company invested $5.4 billion in this purchase, with an average price of $97,862 per BTC. As of November 24, 2024, MicroStrategy accumulates 386,700 BTC, … Read more
Bitcoin (BTC) and the cryptocurrency market in general are experiencing, this Sunday, November 24, a decline in their prices. The worst part is being suffered by memecoins, which are registering declines that exceed, in some cases, 15%. According to Coinmarketcap metricsof the 10 digital assets with the worst performance in the last 24 hoursup to … Read more
Despite the sales, demand managed to absorb supply and kept BTC close to 100 thousand USD. The price of bitcoin reached an all-time high yesterday: $99,600. While the community bitcoiner expects the price of Bitcoin (BTC) to cross $100,000 for the first time in history, the sales record recorded yesterday, November 22, 2024, prevented it … Read more
Novogratz: Bitcoin would reach USD 500,000 if the US converts reserves to BTC. There could be an altseason but with low impact, according to analyst Juan Rodríguez. Far from stopping, the rally of bitcoin (BTC) and other cryptocurrencies does not stop advancing and the currency created by Satoshi Nakamoto is increasingly closer to USD 100,000. … Read more