Rich Dad Poor Dad author Robert Kiyosaki has pointed out “the problem” with gold, silver, and oil, while confirming his ownership of gold, silver mines, and oil wells. Touting bitcoin’s limited supply, the famous author emphasized that no matter how high the price of bitcoin rises, there can only be 21 million coins. “That’s why […] Original
After the U.S. investment advisor Vanguard chose not to offer spot bitcoin exchange-traded funds (ETFs), its CEO Tim Buckley, in a recent discussion, described bitcoin as a speculative asset, unfit for inclusion in long-term investment portfolios. Vanguard’s CEO Confirms: No Change in Bitcoin ETF Policy, Cites Speculation Concerns Reaffirming Vanguard’s perspective on bitcoin during a […] Original
In a statement from U.S. Attorney Damian Williams and his team, the fallen FTX founder, Sam Bankman-Fried (SBF), faces a recommendation for up to half a century behind bars for his offenses. The prosecutors argue that SBF has a penchant for high-stake risk and “gambling repeatedly with other people’s money.” SBF’s Path From Finance Tycoon […] Source CryptoX Portal
Kevin Svenson a crypto analyst and professional trader, suggests Bitcoin (BTC) could reach a new all-time high of above $80,000 before the upcoming halving event. According to Svenson, as Bitcoin enters the fourth stage of its current parabolic curve pattern, volatility is anticipated to rise. This pattern typically exhibits a staircase-like structure with four levels, where the price tends to pause and fluctuate before continuing its upward trend. Numerous investors are expected to enter the market in anticipation of this occurrence. However, Svenson also cautions about potential short-term risks post-halving.…
Based on the most recent data, the meme cryptocurrency shiba inu has witnessed 410 trillion tokens burned, translating to approximately 41% of its entire circulation. Concurrently, the digital asset has experienced a recent price revival over the last four weeks. Despite shiba inu’s value dipping over 21% in the last week, the meme coin has […] Source CryptoX Portal
El Salvador has shifted a significant portion of its Bitcoin (BTC) assets into a secure cold wallet, as announced by President Nayib Bukele. The Central American nation, under newly re-elected President Nayib Bukele’s guidance, revealed its considerable Bitcoin holdings, totaling 5,689.68 BTC, currently valued at over $386 million. This relocation into an offline vault within the nation’s borders marks the creation of the country’s first official “bitcoin piggy bank,” per President Bukele’s words. We’ve decided to transfer a big chunk of our #Bitcoin to a cold wallet, and store that…
Vanguard Group CEO Tim Buckley is standing firm in his decision not to offer the company’s customers spot Bitcoin (BTC) ETF investment opportunities, even though several competitors have already introduced them. Buckley explains stance on Bitcoin ETFs Despite facing criticism from customers and ongoing inquiries about the firm’s plans to offer them, Buckley has remained steadfast in his strong opposition to Bitcoin exchange-traded funds (ETFs). Buckley highlighted Bitcoin’s extreme volatility and speculative nature, noting its lack of stability, reliability as a store of value, and absence of underlying cash flows…
Over the past month, the valuation of bitcoin has seen a notable increase, leading to significantly enhanced profits for today’s most sophisticated application-specific integrated circuit (ASIC) bitcoin mining devices. As of March 16, 2024, the top ten ASIC miners focused on the SHA256 consensus algorithm are generating daily earnings ranging from $10 to $21, assuming […] Original
Meme coin sensation Book of Meme (BOME) enjoyed a 345% increase in value over the past 24 hours, bringing its price to $0.02703. The coin’s trading volume has soared by 262% to reach $3.8 billion, placing it at ninth on the list of the most-traded cryptocurrencies in the market today. Since its market debut on March 14, BOME has experienced a meteoric rise from its all-time low of $0.00005848, jumping more than 39,000% within just 48 hours. BOME 24-hr price chart | Source: CoinGecko This surge has catapulted BOME’s market…
Bitcoin may start to lose its reputation as a volatile asset. According to Bitwise Asset Management’s Matt Hougan, the cryptocurrency’s wild price swings have come down substantially over the past decade. “What’s driving the bitcoin market right now is a simple demand-supply imbalance,” the firm’s chief investment officer told CNBC’s “ETF Edge” on Monday. “We have this huge new source of demand from these ETFs, and we have supply that’s inelastic.” On Jan. 11, the first bitcoin exchange-traded funds began trading. Since then, the asset is up more than 50%.…