After a decade-long incubation period, spot Bitcoin ETFs have exploded onto the scene to unrivaled market enthusiasm. It’s been enough for Bitcoin to reach over $50,000 in the past week, reclaiming a price point it last held in late 2021 – and for Michael Saylor of Microstrategy to declare Bitcoin to be the “world’s most…
Does it really matter who Satoshi Nakamoto is? Over the past few days, the crypto world has been holding a magnifying lens up to the trial of one Craig Wright – an otherwise relatively unremarkable Australian who is claiming to be the rather remarkable creator of Bitcoin, Satoshi Nakamoto. The latter has long been shrouded…
The financial troubles China has been experiencing over the past few years are coming to a head, and with it, the potential for bitcoin as a safe haven during economic distress is being highlighted. Despite bitcoin being illegal in the county, Chinese citizens are buying it up in record amounts as the government is clamping…
If you have a significant amount of purchasing power, and you feel strongly that a commodity is going to have a strong return on long term value, what would you do? For most investors, the answer is to buy more of it – and that’s exactly what cryptocurrency whales (holding more than 1,000 Bitcoin) are…
Is this the year cryptocurrency makes its big comeback? Signs are pointing strongly in that direction as analysts look beyond the frenzy of attention generated by the approval of the Bitcoin spot ETFs and to the momentum established by regulatory gains and institutional adoption last year. Tellingly, public interest in Bitcoin – based on Google…
The announcement on Wednesday that the Securities & Exchange Commission (SEC) approved all 11 Bitcoin ETF applications on its desk served to ignite the crypto market with a flood of excitement and investment. It’s just one of the many factors making 2024 look oh so promising for crypto. But what makes the Bitcoin ETFs such…
While winter is here in the northern hemisphere, the signs are abundant that we’ve reached the end of the crypto winter. Symbolized by cool attitudes from investors toward cryptocurrency, the period extended for 13 months as the industry hit repeated stumbling blocks. With a staggering rush at the end of 2023, however, investors are making…
2023 Sets the Stage for 2024’s Crypto Super Cycle In the rearview mirror, 2023 will be noted as a milestone year for cryptocurrency, not just for its banner surges that led to Bitcoin being up 172%, but for laying fundamental foundations in the eyes of investors to stabilize the industry going forward. Yes, there have been…
The more people know about crypto, the more they are interested in investing in it – and with 40% of Americans now saying they have or will be adding it to their portfolios, it’s clear the word is getting out. When combined with the 42 countries who have passed or discussed crypto legislation this year, it’s easy to see…
In a major win for cryptocurrency and its investors, the U.S. Financial Accounting Standards Board (FASB) announced on December 13 that cryptocurrency holdings will have Fair Accounting Value starting next year. This means that companies with cryptocurrency holdings will have their assets reflected accurately – and further signifies that crypto’s legitimacy is increasing in leaps and…
