In each of the three largest economies in the world, there is now a stock-quoted company that has a very simple business plan: buy as much Bitcoin as possible. In the United States it is Michael Saylor’s MicroStrategy, in Japan it is MetaPlanet and in China they now have cloud-computing company SOS Ltd (which is […]
Although Toncoin, the official cryptocurrency of the social media channel Telegram, has increased by about 20% in the last seven days (the cryptosphere profited from a ‘bounce’ yesterday just as Bitcoin found strong support at the $93,000 level), it still seems to me that this one is the big loser of this crypto bull run. […]
Ever since this weekend, Bitcoin has been trending lower (and dragging the rest of the major crypto coins down with it). Yesterday I briefly saw $91k in the afternoon and at the time of writing the largest digital currency is trading around $93,300. Analysis Is this the start of the dreaded ‘Blow-Off top’ or are […]
This past weekend, some crypto commentators didn’t seem to understand why XRP (published by Ripple Labs), XLM (developed by Jed McCaleb) and ADA (founded by Charles Hoskinson) were the major winners in the CoinMarketCap top 20 over the past few days. However, you don’t have to look far to find the reason for this. Speculation […]
When my wife and I took an Uber this weekend for a restaurant visit with a befriended South American couple, the driver started talking about Bitcoin during the ride. My usual reaction was one of: that’s quite nice, until I thought back to the famous ‘Wall Street Cheat Sheet’ and I pondered on how far […]
Last Friday, Bitcoin was within an inch of reaching a price of $100,000. Because many traders had set automatic sell orders at that mythological price limit, there is a bounce back once that level is almost reached. Back in April and May of this year, Bitcoin tried to break through the $70,000 level several times, […]
A new day comes with a new record for Bitcoin this week. At the time of writing Bitcoin has another new ATH, this time it’s $99,000. Unfortunately, rug pulls are nothing new for the world of crypto. An influencer creates a cryptocurrency, promotes it on social media and then sells most of the coins when the […]
Bitcoin reached yet another record this morning, fueled by the positivity surrounding crypto and the entrance of many new investors. At the time of writing, Bitcoin is trading for $98,000. Local governments of the Asian megacities Seoul (9 million inhabitants) and Tokyo (10 million inhabitants) are becoming increasingly nervous as the crypto craze of 2024 […]
A lot of new financial terms appeared in the global media this week. By now, even well respected outlets such as the New York Times, Bloomberg, the Wall Street Journal and the Financial Times are convinced that Bitcoin can soon reach $100k. At this moment we are apparently in the ‘melt-up’ phase, if Bitcoin does […]
When El Salvador’s President Nayib Bukele pointed out last week that his country’s strategic Bitcoin reserve had already generated a profit of $100 million, many looked towards Bhutan. That tiny Asian country, which started mining Bitcoin using government resources just a few years ago, now has a Bitcoin stash worth more than a billion dollars. […]
