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2024-05-07 08:30:42 “I will be buying the top forever and Bitcoin is the Exit Strategy.”

- Michael Saylor

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2024-05-06 21:15:25 Bernstein analysts double down on $150,000 bitcoin price prediction

Though the price of bitcoin has pulled back modestly in recent weeks, analysts at Bernstein believe the leading cryptocurrency "is far from done." They have reiterated their prediction that bitcoin will reach $150,000 this cycle, expected by the end of 2025. "We feel even better about that call and metrics indicate a healthy cycle, still in its early stages," Gautam Chhugani and Mahika Sapra wrote in a note, adding: "Risk-reward here remains attractive.".

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2024-05-05 18:35:22 Jack Dorsey's Block Will Reinvest 10% of Bitcoin Profits Into BTC

Block, formerly known as Square, Inc, detailed a months-long plan during its earnings call Thursday to buy Bitcoin with 10% of its gross profits from Bitcoin-related products and services. “In April, Block implemented a Bitcoin dollar cost average (DCA) purchase program that will run through 2024,” the company said in a blog post. “Under the program, Block will be investing 10% of its gross profit from Bitcoin products into Bitcoin purchases.”.

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2024-05-05 07:50:11 Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August

Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices to bottom, chop, and begin a slow grind higher.”

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2024-05-04 17:15:25 Grayscale's GBTC spot bitcoin ETF sees $63 million of inflows, ending 78-day outflow streak

Grayscale’s GBTC spot bitcoin exchange-traded fund witnessed its first-ever (since it was converted) daily net inflows on Friday, ending a 78-day run of consecutive outflows. GBTC’s cumulative outflows since the U.S. spot bitcoin ETFs began trading on Jan. 11 totaled more than $17.5 billion by May 2, but the higher-fee fund suddenly generated $63 million worth of inflows on Friday, according to data from Farside Investors and CoinGlass.

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2024-05-03 20:45:36 Hong Kong’s spot ETFs experience decline in bitcoin inflows on second trading day

The three spot bitcoin exchange-traded funds in Hong Kong saw inflows of 174.73 BTC ($10.3 million) on the second trading day yesterday, compared to an inflow of 3,910 BTC ($240 million) on the first trading day. The trading volume stood at over $9.7 million on both days, according to SoSoValue data. The caveat with the inflow data is that ETF shares bought via in-kind subscriptions of physical Bitcoin do not generate cash inflows denominated in dollar terms, so they are not included in daily net inflow statistics, SoSoValue clarified.

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2024-05-03 07:35:11 Kenya's president discusses the "transformative" economic potential of collaborating with Marathon to bring Bitcoin mining to the nation

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2024-05-02 20:40:34 MicroStrategy decentralized identity solution leveraging Ordinals attracts criticism from core Bitcoin proponents

MicroStrategy’s chairman, Michael Saylor, revealed the firm’s ambitious plan to introduce a decentralized identity solution called MicroStrategy Orange on the Bitcoin network during his Bitcoin For Corporations talk on May 1. This initiative aligns with MicroStrategy’s transformation into a Bitcoin-focused development company. The Virginia-based company holds 214,400 Bitcoin, valued at around $12.4 billion, making it the largest public holder of the flagship digital asset.

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2024-05-02 07:35:11 MicroStrategy launches an enterprise platform for building decentralized identity applications on Bitcoin — MicroStrategy Orange

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