Bitcoin ETFs extended their inflow streak to a third straight day with $115 million in new capital. Ether ETFs also rebounded strongly, while solana posted modest gains and XRP ETFs saw no trading activity. Bitcoin, Ether ETFs Stay Green While XRP Trading Stalls Institutional investors continued to lean into crypto exchange-traded funds (ETFs) midweek, though […] Original
Bitcoin exchange-traded funds (ETFs) continued their inflow streak on Tuesday with a $251 million addition led by Blackrock’s IBIT. Ether funds also posted modest gains, while XRP ETFs slipped into outflows, and solana ETFs saw no trading activity. XRP Sees $3.9 Million Exit as Bitcoin ETFs Extend Inflow Streak Momentum in crypto ETFs continued to […] Original
Central banks aren’t buying it. Billionaire investor Ray Dalio doesn’t trust it as a safe haven. And Bitcoin is trading 44% below its October peak while gold sits near all-time highs. Related Reading That’s the backdrop against which Bitwise Asset Management’s chief investment officer is making the case that Bitcoin could still reach $1 million a coin within a decade. A Different Way To Run The Numbers Most people who shoot down the $1 million forecast do so by pointing out what it would take for Bitcoin to swallow up…
It’s widely believed that only about 25% to 30% of Bitcoin is at risk of being attacked in the future by quantum computers. For example, Project 11’s Bitcoin Risq List currently lists 6,887,180 Bitcoin worth more than $450 billion as “at risk.” It defines “at risk” as Bitcoin held in addresses with exposed public keys. Around 3-4 million of this is believed “lost” and can’t be upgraded to quantum secure. But that’s not the whole story. In fact, all 21 million Bitcoin —barring lost coins in quantum secure addresses— can…
Artificial intelligence is having its electricity moment. Across global markets, utilities are scrambling to connect massive new data centers. Tech giants are locking in gigawatts of power. Transmission queues to connect the new generation to the grid are backlogged. Electrical substations are suddenly strategic assets. The AI boom has made one thing clear: computation is […] Original
Bitcoin could reach $1 million per coin if it captures a meaningful share of the global store-of-value market, according to a new memo from Matt Hougan, chief investment officer at Bitwise Asset Management. Summary Bitwise CIO Matt Hougan says Bitcoin could reach $1 million if it captures about 17% of the global store-of-value market. The analysis frames Bitcoin as a competitor to gold, which currently dominates the store-of-value sector. Increasing adoption through spot Bitcoin ETFs and institutional investment could help drive Bitcoin’s market share higher. Bitcoin’s path to $1M runs…
Proceeds from Bitcoin sales have paid for healthcare, environmental programs, and government worker salaries in Bhutan — a detail that puts the kingdom’s latest crypto move in sharper focus. Related Reading A Small Nation With A Big Bitcoin Strategy On Monday, blockchain analytics firm Arkham flagged a transfer of 175 Bitcoin, worth roughly $11.85 million, out of Bhutan’s main government wallet. The funds moved to an address created about a month ago, one that had already received 184 Bitcoin from state accounts. As of Tuesday, the coins had not moved…
Bitcoin ETFs opened the week with renewed momentum, pulling in $167 million in fresh capital. However, ether, XRP, and solana ETFs moved in the opposite direction, posting net outflows. Crypto Funds Start Week Mixed as Altcoin Funds Slide The week began with a familiar pattern in the crypto exchange-traded fund (ETF) market, with bitcoin attracting […] Original
More than 95% of bitcoin’s total supply has now been mined, leaving just 1 million coins to be produced over the next century as the network’s programmed scarcity tightens and issuance slows through future halving cycles. Bitcoin Supply Milestone Highlights Scarcity Built Into Protocol Bitcoin’s circulating supply has reached 20 million BTC, leaving 1 million […] Original
Onchain data indicates that the Bitcoin network has now recorded the mining of its 20th million bitcoin, leaving fewer than one million coins still waiting to be brought into existence. Bitcoin’s Scarcity Deepens After 20 Million BTC Mined, 21M Cap Approaches Blockchain metrics show that 95.24% of Bitcoin’s total supply has already been mined into […] Original