Bitcoin
‘Avoid the F trend with Bitcoin’
MicroStrategy CEO Michael Saylor calls himself a Bitcoiner (Bitcoin) “optimistic” on the latest episode of Peter McCormack’s YouTube show, “What Bitcoin Did.”
Saylor also bluntly warned against any actions that could impede the progress of the leading cryptocurrency.
“Bitcoin will succeed,” Saylor he said. “It is succeeding as quickly as it could reasonably succeed, and we must try to avoid the tendency to fail with it.”
The 59-year-old billionaire, who reportedly it has more than 17,000 Bitcoin, posited that the cryptocurrency is on the cusp of widespread acceptance by nation-states, financial institutions, and institutional investors.
He also remains convinced that Bitcoin can solve global economic challenges. It’s a solid currency due to its limited supply, he says, contrasting it with conventional currencies susceptible to government-driven inflation.
It is highly unlikely that another digital asset can surpass it, according to Saylor.
“Bitcoin has matured too much…it has become too powerful to be threatened by another cryptocurrency,” says Saylor. “I think this will be a case of a rising tide that lifts all boats.”
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Bitcoin: ‘Money Forever’
Saylor also claims that Bitcoin’s decentralized, censorship-resistant, and immutable attributes position it to thrive as so-called “forever money.” In his opinion, Bitcoin is a robust tool for promoting financial freedom and sovereignty.
Additionally, Saylor addressed the importance of sustaining Bitcoin’s development for its long-term viability and resilience. He emphasized the need for adequate funding mechanisms to support continued innovation, security improvements and scalability solutions within the Bitcoin network.
Saylor emphasized the collaborative efforts needed to fund development initiatives, ensuring the continued evolution of Bitcoin as a robust and sustainable financial system.
The conversation also addressed the political scenario surrounding the regulation of digital assets. Saylor noted the challenges faced by governments and regulatory bodies around the world in fighting Bitcoin’s decentralized nature. This has sparked debates about regulatory frameworks, compliance measures and the delicate balance between innovation and control.
Saylor further explored the concept of a “disguised revolution” driven by Bitcoin. He elucidated how Bitcoin’s disruptive influence on traditional financial systems is disrupting existing monetary paradigms, offering an alternative financial infrastructure that transcends borders and grants financial autonomy to individuals.
Bitcoin bull run: analysts warn investors
Bitcoin’s recent price rise has been remarkable. Its value has risen almost 13% in the last week and a half, reclaiming the $70,000 mark per BTC. This increase brought Bitcoin closer to its all-time high of US$74,000, leading market analysts and traders to reconsider their strategies.
Despite the optimistic sentiment, John Bollinger, a renowned trader and creator of the widely used Bollinger Bands, express caution regarding the immediate future of Bitcoin.
Bollinger highlighted a worrying pattern on the Bitcoin price chart, suggesting a potential pullback or consolidation phase. Specifically, he pointed out the appearance of a two-bar reversal at the top of the Bollinger Band, a signal often associated with a temporary market correction.
While Bollinger’s analysis raises short-term concerns, he remains optimistic about Bitcoin’s long-term prospects. His cautious stance is based on technical indicators rather than a bearish fundamental outlook. Bollinger’s outlook reflects current market sentiment, where optimism about Bitcoin’s future growth is balanced by awareness of potential short-term volatility.
Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
Bitcoin
‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump
Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
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Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
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The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
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Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
Bitcoin
Bitcoin (BTC) miner Riot Platforms (RIOT)’s second-quarter loss widens to $84.4 million as costs rise
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At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan — building a strategic bitcoin reserve. CNN’s Jon Sarlin explains what it is and why the crypto industry wants it.
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