Gold advocate Peter Schiff has conducted two polls regarding bitcoin’s value and investors’ actions if the crypto’s price falls significantly. Despite his consistent criticism of bitcoin, the majority of respondents expressed strong commitment to holding their BTC even if the price drops drastically. Schiff maintains that bitcoin’s value proposition is flawed and anticipates a significant […] Original
Michael Saylor, executive chairman of Microstrategy, believes the U.S. government should hold the majority of the world’s bitcoin, arguing this would strengthen the U.S. dollar. Drawing parallels to historic acquisitions, he views bitcoin as a critical asset for the future. Saylor emphasized: “The country gotta look to the future, and the future of the country […] Original
While many are excited about the Trump speech, not everyone has excitable views on the topic. Bittrex Global CEO Oliver Linch, who is British, brings a more laissez-faire view on the Trump speech. “Will there be any show stoppers, like the bitcoin reserve? Who knows? There’ll be some red meat for the crypto enthusiasts, because of course there will be, but I think the fact that he’s doing it at all is the story.” Linch added: “In the U.K., neither major party even mentioned crypto” in the leadup to that…
According to the latest U.S. Securities and Exchange Commission (SEC) 13-F filing from Ark Invest’s and 21shares’ ARKB fund, the State of Michigan Retirement System (SMRS) acquired approximately $6.59 million in ARKB shares. This news follows an announcement by Steven Fulop, the mayor of Jersey City, New Jersey, that the city’s pension fund will invest […] Original
Bitcoin (BTC) is poised for substantial price increases in the coming years, according to a recent survey by Finder. The survey, conducted in July 2024, gathered insights from 32 crypto industry specialists, predicting that bitcoin could reach $87,169 by the end of 2024 and surge to $383,514 by 2030. Crypto Specialists Predict Bullish Long-Term Outlook […] Original
The State of Michigan Retirement System has invested $6.6 million in ARK 21Shares’ ARKB spot Bitcoin exchange-traded fund. The ETF investment, disclosed in a 13-F form filed with the SEC, represents a small fraction — 0.004% — of the state’s substantial $143.9 billion pension fund. Michigan’s decision reflects a broader trend of institutional adoption of Bitcoin (BTC), following the lead of other states. The State of Wisconsin Investment Board recently reported a $99 million Bitcoin investment through BlackRock’s IBIT ETF. Another state pension fund has added Bitcoin to its portfolio.…
Based on Thursday’s data, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows following Wednesday’s increases. Statistics indicate that $31.16 million was absorbed primarily by Blackrock’s IBIT, although the amount would have been higher if not for the reduction seen by Grayscale’s GBTC. Bitcoin ETF Market Prints $59B Total Value […] Original
“The development represents a major leap forward for the BitVMX proving system, demonstrating the ability to challenge and validate the execution of a SNARK verifier on-chain,” Rootstock’s team said in an emailed statement on Thursday. “This breakthrough opens the door for replicating this process with any program compiled to the RISC-V architecture, utilizing BitVMX’s general-purpose virtual CPU.” Original
Jan van Eck, the chief executive officer of investment management firm VanEck, has reiterated his bullish stance on Bitcoin by declaring at Bitcoin 2024 that ‘way over 30%’ of his portfolio is in Bitcoin. The VanEck CEO stated that he views Bitcoin (BTC) as an evolving asset class, likening its current stage to the “teenage stage.” According to van Eck, BTC has yet to attract many investor classes, but he thinks it is only a matter of time before they join. Emphasizing his bullish view of the benchmark asset, van…
Before former President Donald Trump’s appearance at the Bitcoin 2024 conference in Nashville, the price of bitcoin (BTC) climbed to an intraday peak of $67,991 per unit. This increase led to the liquidation of approximately $55.21 million in bitcoin short positions, out of a total of $79.10 million in short bets across the crypto economy […] Original