Digital Dollar, Euro and Yuan Will Be Rocket Fuel for Bitcoin
In a new episode of Fast Money, CNBC’s Brian Kelly the chief executive officer of digital currency investment firm BKCM says the stark contrast between Bitcoin’s fixed supply and seemingly endless money printing from governments will only become more magnified as fiat currencies around the world go digital.
In a letter to investors released on July 29th, Pantera Capital CEO Dan Morehead noted that The United States printed more money in June than in the first 2 centuries after its founding,O
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Last week, Mogo, a Vancouver based FinTech company, announced that it would invest one and a half million dollars in Bitcoin.
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Saifedean Ammous, author of The Bitcoin Standard, says Bitcoin may take away demand from multiple safe haven assets such as gold, real estate, and bond
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Chainalysis found that transfers of 10 to 100 and 100 to 1000 Bitcoin accounted for about 70% of all Bitcoin sent and received by crypto exchanges in recent days, which is slightly higher share than usual. Interestingly, about 10% of Bitcoin was from transfers of over 1000 Bitcoin.
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Measured in Big Macs, Bitcoin’s purchasing power is approaching its highest level since the 2017 bull market, offering yet another indicator of Bitcoin's rapid appreciation.
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Bitcoin has set a new all time high after smashing through twenty thousand dollars. Currently trading over $27,000.
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If one percent of treasury reserves from public companies go into Bitcoin, Bitcoin is a trillion dollar market cap, on the conservative side.
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Chamath Palihapitiya, chairman of Virgin Galactic and founder of venture capital firm Social Capital, thinks Bitcoin could one day be worth millions of dollars if the global economy sputters.
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Riot Blockchain is continuing its Bitcoin mining expansion efforts and eports suggest that the US based miner is set to purchase Whinstone US Inc.
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