Author: Maria
Bitcoin maximalist Max Keiser has recently reiterated his stance on Ethereum, predicting a dire future for the cryptocurrency against Bitcoin. Keiser’s latest critique, shared on social media platform X, revives his longstanding view that Bitcoin outshines Ethereum and other altcoins on fundamental levels. According to Keiser, Ethereum is “heading to zero against BTC,” citing fundamental differences in their underlying technologies and legal classifications. Commodity Status And Decentralization Concerns Keiser’s argument hinges on the idea that Ethereum is not centralized and lacks the commodity status and a decentralized proof-of-work algorithm that “bolsters” Bitcoin’s appeal. He points out that in countries like…
Bitcoin miners’ reserves have seen a steady decline over the past few months since the halving event in April. The latest figures indicate a massive decline to 3-year lows, signaling intense selling pressure from miners amidst fluctuating BTC prices and market volatility. Bitcoin Miner Holdings Drop To New Lows Before the Bitcoin halving event on April 20, market experts foresaw potential challenges for Bitcoin miners as block rewards become reduced by half. This prediction is showing true, as BTC miner holdings have witnessed a severe decline over the past few months. According to the on-chain analytics platform CryptoQuant, Bitcoin miners’…
A recent survey by Germany’s central bank, the Deutsche Bundesbank, reveals a surprising openness among Germans towards the digital euro, the European Central Bank’s (ECB) proposed digital currency. However, the survey also exposes a significant knowledge gap that needs to be addressed before the system’s potential can be fully realized. While a staggering three-fifths (60%) of Germans surveyed admitted to having never encountered information about the digital euro, half (50%) expressed a willingness to potentially use it if offered as an additional payment option. This openness, despite a lack of familiarity, suggests a public appetite for innovation in the payments…
Bitcoin (BTC) is poised for a spectacular close to 2024, according to industry heavyweight Mike Novogratz. In a recent interview with Bloomberg, the Galaxy Digital CEO forecasted a price surge to $100,000 by year-end, fueled by a confluence of factors. Breaking Through Barriers: The $73,000 Threshold Novogratz’s prediction hinges on a crucial price point – $73,000. He believes surpassing this resistance level in the coming weeks could trigger a domino effect, propelling Bitcoin towards the coveted six-figure mark. His reasoning draws on the concept of “market ranges,” suggesting that once the top crypto establishes a foothold above $70,000, psychological factors…
Solana and Ethereum are the clear competitors in the epic battle of supremacy. Though Ethereum was the first smart contracts platform, there are inherent problems like scalability that new chains like Solana and Cardano, for example, aim to solve. Solana Developers Doing Well In “Product Execution” And Communication Taking to X, one observer notes that while Solana might be gaining traction, Ethereum remains superior. From mid-last year, and driven by the positive progress in the resolution of the FTX bankruptcy, SOL prices have been on a sharp uptrend. Network activity, mainly meme coins, has been fanning demand, pushing its valuation…
Since launching, the Spot Bitcoin ETFs have achieved immense success with mass adoption, which they have enjoyed among institutional investors. Thanks to this, inflows into these funds have accounted for most of the inflows that their respective issuers have recorded since the year began. Spot Bitcoin ETFs A Major Source Of Inflows For Fund Issuers Bloomberg analyst Eric Balchunas revealed in an X (formerly Twitter) post BlackRock’s iShares Bitcoin Trust (IBIT) has accounted for 26% of the flows that the asset manager has seen this year across all its listed exchange-traded funds (ETFs). For context, BlackRock currently has 433 listed…
Thailand has taken its first tentative steps into the world of Bitcoin with the launch of a unique exchange-traded fund (ETF) aimed at high net-worth individuals and institutions. This comes amidst a global surge in interest in cryptocurrencies, but with Thai regulators taking a cautious approach, prioritizing security and controlled access for beginners. Limited Access For The Privileged Few The Securities and Exchange Commission (SEC) has given its nod to the ONE Bitcoin ETF Fund of Funds Unhedged, offered by One Asset Management (ONEAM), Thailand-headquartered daily Bangkok Post disclosed, Tuesday. Unlike traditional ETFs accessible to the general public, this one…
Bitcoin rose to as high as $70,000 on June 3, signaling a bullish outlook for the flagship crypto. This price surge is believed to be due to some recent developments that are positive for the Bitcoin ecosystem. Interest Rate Cuts Could Come In September Data from The CME FedWatch Tool shows that the probability of the Fed cutting interest rates to a 25-basis point has increased to 51.3%. Meanwhile, the probability of interest rates remaining at 50-basis point is at 40.1%. This heightened expectations about an interest rate cut has come despite recent inflation giving mixed feelings about the US…
As Bitcoin continues to consolidate, cryptocurrency experts at Our Crypto Talk in a bold forecast that has garnered the attention of the crypto community have pointed out that BTC is on the verge of making its next significant upward movement. The analyst’s projection shows that BTC is preparing for a possible upswing that might see its price rise to hit $92,500 within the month. Bitcoin Poised For A Major Rally Over the last day, the price of Bitcoin has been demonstrating positive strength, and several analysts are predicting that it will surpass its current all-time high of $73,000 to set…
Crypto investors are eagerly awaiting the next chapter in Bitcoin’s story, and this veteran trader just offered a potential plot twist. In his analysis, Peter Brandt suggests Bitcoin could gallop towards a record-breaking peak of $130,000 to $150,000 by late summer 2025. Brandt’s forecast hinges on a historical phenomenon known as the Bitcoin halving. Every four years, the number of Bitcoins awarded to miners gets cut in half, restricting supply and theoretically pushing prices upwards. 25% Chance Bitcoin Has Already Hit Its Peak But Brandt examines deeper – he argues that past halving dates have coincided roughly with the midpoint…