bitcoin / 276 posts found

MicroStrategy Plans $400M Raise; Net Proceeds Will Fund More Bitcoin Buys – CoinDesk

by crypto journalist
MicroStrategy said Monday it plans to sell up to $400 million in a convertible senior notes offering that will likely fund yet more bitcoin allocations. This content was originally published here.

Bitcoin will eventually be a global currency — and a $1 million price target within the next 10 years is ‘very reasonable,’ Kraken CEO says

by crypto journalist
Summary List Placement Bitcoin will eventually be the world’s currency, because “you have to think it’s going to infinity,” Jesse Powell, the CEO of the cryptocurrency exchange Kraken, told Bloomberg on Wednesday. He said that national currencies were “already showing extreme signs of weakness” and that people would soon start measuring the price of things in bitcoin. “The true believers will tell you it’s going all the way to the moon, to Mars, and eventually it’ll be the world’s currency,” Powell said. Kraken, based in San Francisco, is in talks to raise new funding that would double its valuation to […]

Bitcoin to Reach $100K to $288K in 2021? Stock-to-Flow Models Suggest It Could

by crypto journalist
The creator of the notorious stock-to-flow model (S2F), Plan B has recently detailed that the price of bitcoin has surpassed the S2F model price by 26%. The strong momentum has a number of crypto enthusiasts thinking that bitcoin prices reaching the $100k to $288k range by the year’s end is possible. Price of Bitcoin 26% Higher Than S2F Trajectory Plan B’s stock-to-flow model otherwise known as (S2F or S2FX) is a popular chart that measures the existing number of in circulation (stock) and pairs it against the number of issued coins minted during mining (flow). To many crypto enthusiasts, the […]

Mysterious Address With $3 Billion in Dogecoin Sends Cryptic Binary Messages to Elon Musk – Altcoins Bitcoin News

by crypto journalist
Mysterious Address With $3 Billion in Dogecoin Sends Cryptic Binary Messages to Elon Musk Ever since the infatuation between Elon Musk and the meme-based cryptocurrency dogecoin, a number of people have looked at the asset critically. News.Bitcoin.com recently reported on the mysterious dogecoin wallet that absorbed more than 27% of the coin’s supply since February 6, 2019. This week, the dogecoin wallet with $3 billion worth of the crypto asset has been creating odd transactions with binary messages, further adding to the speculation that the address might be Musk’s wallet. Cryptic Binary Code, Elon’s Birthday, and Transaction Gibberish The cryptocurrency […]

Here’s why the approval of a US bitcoin ETF would send the cryptocurrency tumbling in the near term, according to JPMorgan

by crypto journalist
Summary List Placement Institutional investors largely invest in the Grayscale Bitcoin Trust for regulatory reasons instead of directly buying bitcoin. But the trust touts a premium to the underlying token. The Securities and Exchange Commission is expected to authorize a bitcoin ETF in 2021. The introduction of such a fund could drive institutional investors out of Grayscale’s trust and cut into the premium. While outflows from Grayscale’s trust could present a near-term pressure for bitcoin prices, JPMorgan still expects bitcoin ETFs to benefit the cryptocurrency in the longer term. Watch bitcoin trade live here. The introduction of a bitcoin exchange-traded […]

Bitcoin hits a new high of $51.3K as analyst declares ‘historic’ parabolic advance

by crypto journalist
Bitcoin (BTC) hit new lifetime highs of more than $51,200 on Feb. 17 as it tackled what trader Peter Brandt confirms is a “parabolic advance.” Bitcoin enters uncharted $50,000 zone Data from Cointelegraph Markets and TradingView showed BTC/USD passing the $50,000 resistance level again on Wednesday, this time continuing into uncharted territory. Tuesday had seen Bitcoin hit $50,000 for the first time ever, that level nonetheless failing to hold for more than a matter of minutes. With its return, the largest cryptocurrency is in a “parabolic advance” — the fourth in its twelve-year history, analysts say. “Big picture $BTC Bitcoin […]

Cross eyed: Bitcoin billionaire Brock Pierce buys NYC church for $5M

by crypto journalist
More On: Bitcoin billionaire Brock Pierce — the child actor turned independent presidential candidate — is in talks to convert a former East Village church into a 21st-century rental residence. He already owns an Amsterdam residence that, he tells Gimme, was once “an illegal Catholic church from 1746.” In Puerto Rico, Pierce is also transforming a historic, 17th-century former monastery turned boutique hotel into a private club. Chairman of the Bitcoin Foundation, and having appeared in “The Mighty Ducks” films, Pierce tells Gimme that he bought the nine-bedroom San Juan mansion for $5 million last March, just before lockdown began. […]

Bitcoin (BTC) is at a ‘tipping point,’ Citi says

by crypto journalist
Bitcoin is at a tipping point and could become ‘currency of choice’ for global trade, Citi says Published Mon, Mar 1 20217:38 AM EST This content was originally published here.

Bitcoin (BTC) price hits $50,000 for the first time

by crypto journalist
Bitcoin’s price broke above $50,000 for the first time in history Tuesday, continuing its blistering rally as major companies appear to be warming to cryptocurrencies. The world’s largest digital currency by market valuable rose more than 3% to an all-time high of $50,389 at 07:32 a.m. ET, according to data from Coin Metrics. Bitcoin has gotten a boost from news of large firms like Tesla, Mastercard and BNY Mellon warming to cryptocurrencies. Tesla last revealed it had bought $1.5 billion worth of bitcoin and plans to accept the digital coin as payment for its products, while Mastercard said it would open up its network to some […]

Bitcoin headed to $100,000 in 2018: Analyst who forecast 2017 price move

by crypto journalist
Bitcoin could hit $100,000 in 2018, an analyst who correctly predicted the cryptocurrency’s rally at the start of last year told CNBC on Tuesday.