Bitcoin’s surge in price has garnered the recognition it merits as a reliable store of value. For ten years, Bitcoin has stood out as the top-performing financial asset globally. The 21 million supply cap strategically positions it to serve as a safeguard against inflation. Another essential aspect of money is its function as a medium … Read more
Strategy has revealed the purchase of an extra 525 Bitcoin for $60.2 million, despite Bitcoin’s price pulling back from its recent peak of $116,700. The acquisition, revealed in an SEC filing on Monday, elevates the company’s total Bitcoin holdings to 638,985 BTC, solidifying its status as the largest corporate holder of Bitcoin. The most recent … Read more
One of the prevailing narratives this cycle has been that “this time is different.” As institutional adoption transforms the supply and demand landscape of Bitcoin, there is a growing belief that we may not experience the euphoric blowoff tops characteristic of previous cycles. The concept suggests that institutional investors and exchange-traded funds will help stabilize … Read more
Positive sentiment dominates the crypto market as Bitcoin has surpassed the $116k mark, fueled by ongoing expectations of a rate cut from the Federal Reserve. The overall market capitalization has seen an increase of over one percent in the last 24 hours. The surge in cryptocurrency markets comes in the wake of the persistent inflation. … Read more
Elon Musk, the Tesla billionaire currently leading list of the world’s wealthiest individuals, has returned to his primary responsibilities following his departure from Donald Trump’s White House. Musk, currently holding $1.3 billion in bitcoin on Tesla’s balance sheet, played a role in Trump’s reelection efforts by issuing campaign rally warnings about an impending financial disaster. … Read more