Bitcoin price remains volatile with the swing in any direction possible but Draper is confident the overall trend will be bullish in the foreseeable future.
Hedge funds are looking to play bigger in crypto as a survey reveals that their portfolios may increase to $312 billion by 2026.
Six giants of the insurance world tread into the growing market of cryptocurrency by acquiring profit from the stocks of Grayscale Investments, the daughter organization of Digital Currency Group.
The billionaire hedge fund manager also noted that he would go “all-in” on crypto if the US Federal Reserve remains nonchalant about the rising inflation and consumer prices.
Goldman Sachs executive said that the recent market rout provides a great opportunity to new entrants and its clients are showing greater interest in crypto-based products in recent times.
Soon after completing the $500 million bond sale, MicroStrategy is willing to raise another $1 billion with the public sale of its Class A common stock and using those proceeds to buy Bitcoin.
The Tanzanian President’s statements on adopting Bitcoin as the new digital currency seem to be influenced by the recent alterations administered by El Salvador where BTC has been declared as a legal tender.
The new Virtual Currency Bill passed by Texas and the state banking committee gives all banks the right to offer crypto custodial services to its clients.
There are several ways of earning money on cryptocurrencies in the digital assets market. Unfortunately, not all of them deserve attention.
Despite the apparent volatility of Bitcoin’s value, growing consumer acceptance and investor confidence in cryptocurrency are expected to eventually lead to more stability in its value.
Yunnan now joins Inner Mongolia, Xinjiang, and Qinghai that have all issued notices to shut down part or all of the mines in their regions.
With recent consolidation and the fresh announcement from Elon Musk, Bitcoin on-chain indicator has turned bullish setting it up on a north trajectory to $85,000.
With three years left on the forecast, popular analyst PlanB and Bloomberg strategist Mike McGlone have stated confidence in a continuing BTC uptrend.
Musk is right saying that Bitcoin mining is dangerous for our planet. Over the past two years, the rise of Bitcoin has caused CO2 emissions to increase by over 40 million tons, which is equivalent to 8.9 million cars added to the road.
The major thing with the Taproot upgrade is that it will introduce the smart contract functionality on the Bitcoin network while exponentially increasing its utility.