Category: Bitcoin

Bitcoin Could Reach $1 Million or More, Kraken CEO Says

Bitcoin Could Reach $1 Million or More, Kraken CEO Says

As the leader of crypto exchange Kraken, Jesse Powell is bound to be bullish on Bitcoin. Yet he’s projecting a disruptive future that would stretch the imagination of even the most ardent crypto fans. In a Bloomberg Television interview, Powell said Bitcoin could reach $1 million in the next decade, adding that supporters say it could eventually replace all of the major fiat currencies.

Bitcoin Is Still Maturing As An Institutional Asset

Bitcoin Is Still Maturing As An Institutional Asset

Bitcoin emerged from the scars of the 2008 financial crisis as distrust in governments and central banks inspired the digital currency to thrive outside the establishment. Unlike traditional currencies backed by sovereign credit and taxing authority, Bitcoin has no equivalent support. This push for monetary independence found early adopters in those that wanted to transact anonymously. Then with time, it captured broader investor interest. Yesterday, Tesla announced that it has bought $1.5 billion of bitcoin, which it plans to accept as payment.

Here We Go Again... As Bitcoin Nears $40,000, Tesla CEO Elon Musk Has Sent The Dogecoin Price Sharply Higher

Here We Go Again… As Bitcoin Nears $40,000, Tesla CEO Elon Musk Has Sent The Dogecoin Price Sharply Higher

Bitcoin has broken out over the last few days, climbing almost 15% since the beginning of the week and nearing $40,000 per bitcoin.

Here's Why Bitcoin Isn't Like Any Financial Bubbles Of The Past

Here’s Why Bitcoin Isn’t Like Any Financial Bubbles Of The Past

Bitcoin has gone through numerous cycles of incredible price increases and disastrous subsequent dumps in the last 10 years. According to Man Group, a large publicly traded hedge fund company, Bitcoin is like Prometheus from Greek mythology, because every time it got hurt, it kept coming back.

Is This Why Bitcoin, Ethereum, Litecoin And Other Cryptocurrencies Have Suddenly Shot Higher?

Is This Why Bitcoin, Ethereum, Litecoin And Other Cryptocurrencies Have Suddenly Shot Higher?

Bitcoin has continued its huge December rally over the last few days, climbing to a total value of around half a trillion dollars ($500 billion).

How To Save On Bitcoin Taxes Using An IRA

How To Save On Bitcoin Taxes Using An IRA

Many investors believe that bitcoin and the technology behind it, blockchain, will reshape the global financial markets. Even though the cryptocurrency market is still in its infancy, demand is growing from investors who wish to buy into an emerging asset class. Accordingly, since bitcoin is still not widely used as a form of digital money for consumption purposes, from an investment standpoint, its main benefit is as a long-term investment into a future asset category. (Full disclosure: Author owns bitcoin and other cryptocurrencies in a retirement account.)

Bitcoin climbs towards all-time high after topping $19,000

Bitcoin climbs towards all-time high after topping $19,000

Bitcoin moved to within a whisker of its all-time high on Tuesday, after hitting $19,000 for the first time in nearly three years.

Bitcoin is COVID immune

Bitcoin is COVID immune

The SARS-CoV-2 coronavirus pandemic has left a significant footprint on the global economy. For this reason, it had a substantial impact on the behavior of all financial instruments, including cryptocurrencies. It turns out that the fluctuations experienced by the virtual currency market during this period reflect changes in other capital and commodity markets. This market has also shown relative stability during this difficult time. It is another proof that cryptocurrencies can be treated as a mature and full-fledged financial instrument.

Whodunit? The $1 Billion Bitcoin Election Day ‘Heist’ Mystery Solved

Whodunit? The $1 Billion Bitcoin Election Day ‘Heist’ Mystery Solved

A long-dormant Bitcoin wallet was emptied of more than 69,000 BTC on election day, leading to claims that hackers had just got away with a heist worth nearly $1 billion. So whodunit?

Has Bitcoin Finally Met Its Match?

Has Bitcoin Finally Met Its Match?

Bitcoin has reigned as the undisputed king of cryptocurrencies since it was created a little over ten years ago.