These worries originated in reaction to Michael Saylor’s call for a fourfold increase in the United States’ projected strategic reserve and increased government intervention in the Bitcoin network. Bitcoin educator and founder of the nonprofit Bitcoin for Fairness, Anita Posch, recently warned on X that governments and corporations are creating bitcoin treasuries, which poses the risk of centralization. Saylor and Lummis Propose US Bitcoin Purchases Previous to Posch’s essay, Microstrategy Chair Michael Saylor had boldly suggested that the United States government should buy “20 or 25 per cent of the Bitcoin network” and “catalyze” its growth. Not long ago, in…
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Until the US government enacts regulations that encourage the widespread use of cryptocurrencies, the asset manager warned, altcoins might continue to struggle. On December 12th, the crypto-focused asset manager Sygnum Bank released a report. The paper speculates that Bitcoin (BTC) would see “demand shocks” in 2025 due to increasing institutional investment, which might lead to a dramatic increase in BTC’s price. In their Crypto Market Outlook 2025 research, Signum stated that institutional capital flows are already having a “multiplier effect” on the spot price of Bitcoin Set Growth, with a 3-6% price pump generated for every $1 billion in net…
Altcoins suffered greatly following Bitcoin’s December 10 meltdown. Nevertheless, Ethereum has demonstrated resilience and has started to bounce back. This move contrasts with the performance of ETH for most of 2024. However, three indicators have emerged, suggesting that the recent surge in Ethereum’s price to $4,000 is just the beginning and could potentially trigger its second leg, which could reach $5,000. Ethereum growth signals a bullish trend Looking more closely at the Ethereum network reveals that it is experiencing high user activity levels during this altcoin season. The number of active addresses and network size have increased for months, according…
Bitcoin (BTC) is getting close to key price levels that indicate investors should brace themselves for a possible bear market following a month of optimism. From its all-time high of $104,000, the leading cryptocurrency in the world has fallen by around 5% and is currently in a position to reverse its short-term structure. Bitcoin’s Bear Market Ahead? When comparing the Bitcoin chart to the gold chart, the fractal pattern indicates that the price might fall by 35% from its peak, marking the start of a cold bear market. Is this market cycle coming to a close, or are we in…
This year, institutional investors have shown an unparalleled demand for spot Bitcoin and Ethereum exchange-traded funds. The data, especially in December, continue to impress. Wall Street’s ravenous appetite drove a record-breaking $3.85 billion into digital asset funds last week. BlackRock’s $3.2B Surge in Crypto ETFs With $3.2 billion going into BlackRock’s iShares ETFs, the firm now has $56.7 billion worth of cryptocurrency assets under management. Last week, investors poured $1.2 billion into Ethereum products, setting a new record that surpassed the volumes witnessed when the U.S. spot ETH ETFs were originally approved in July. With a total of $3.6 billion,…
Bitcoin’s ascent continues unabated, leading some to speculate that the market cycle peak is still to come. Titan of Crypto, a market expert, claims that the token’s monthly RSI shows potential for additional growth. The current bull market has not yet tested the overbought zone, a threshold that has previously occurred during cycle tops in 2013, 2017, and 2021. Bitcoin’s Path to New Highs By highlighting Bitcoin’s constant cyclical tendencies, the shared research demonstrates that declines are a natural component of the ascent to new highs. According to Titan of Crypto’s chart, Bitcoin prediction is on an upward trend, and…
Bitcoin’s latest climb has boosted investor hope after years of price swings. Bitcoin is one of the most popular cryptocurrencies, and many are wondering if this price increase will continue. Despite short-term dips and corrections, multiple reasons imply Bitcoin’s price surge may continue. Institutional Drives Bitcoin’s Rise The growing institutional adoption of Bitcoin is one of the main factors contributing to its ongoing optimistic outlook. Institutional investors’ interest in Bitcoin as an asset class has grown over the last few years. Bitcoin’s potential as a store of value and inflation hedge has led many large financial institutions, hedge funds, and…
Crypto has accomplished it. The top cryptocurrency in the world has finally crossed the $100,000 threshold after years of wild swings and never-ending arguments. What comes next for Bitcoin and FinTech is an enormous question. But this is a huge win for a digital commodity that was once written off as a fad. No one can disagree that Bitcoin’s future is going to be as exciting as its past, whether they’re investors, skeptics, or simply interested observers. Bitcoin’s Growing Adoption and $100K Forecast Cryptocurrency is destined to reach mass adoption in just the same way as the World Wide Web…
Sacks further emphasized that Bitcoin’s mobility is a key aspect that makes the cryptocurrency appealing in times of societal unrest. Just recently, President-elect Trump selected David Sacks. The position of chief advisor on artificial intelligence and cryptocurrency. The newly appointed “Crypto Czar” is an experienced techie who is not only in favor of cryptocurrencies but has also praised Bitcoin BTC$99,554 for its ability to decouple money from the state. Sacks Back Bitcoin Industry Reacts While speaking with Anthony Pompliano, the software entrepreneur and former PayPal executive praised Bitcoin for its decentralized nature and ability to withstand censorship. For a long…
Bill Dudley has raised his fears about the government’s launch of the Bitcoin reserve, which might bring a lot of flaws and the possibility of the financial and economic sector being affected. This is according to the statement he made to Bloomberg Media in a report by Olga Kharif, in which he expressed his skepticism about the Bitcoin reserve. In his opinion piece for Bloomberg, Dudley, who is a former president of the Federal Reserve Bank of New York (2009-2018), pointed out that the government executive officer’s Bitcoin reserve plan has been a source of concern for the durability of…