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“# $1 trillion is a conservative market cap for Bitcoin, said investment CIO ” Bitcoin (BTC) has recently seen ample interest from a number of mainstream companies and persons, such as billionaire hedge funder Paul Tudor Jones. This could be the beginning of a new wave of Bitcoin buyers, according to Brian Estes, chief investment officer…
“# Whale alert — crypto user moves $1.1B in Bitcoin ” With Bitcoin’s price continuing to hold close to $13,000, one anonymous trader decided now was the time to move more than $1 billion of the digital asset. According to on-chain data, a Bitcoin (BTC) trader moved more than 88,857 BTC — worth roughly $1.14 billion…
“# Frozen out? Bitcoin price correlation to other assets still undefined ” A recent report from institutional crypto firm Fidelity Digital Assets concluded that Bitcoin (BTC) shows very little price correlation to mainstream financial assets, based on data from the past five years. Over the course of 2020, Bitcoin has gained further adoption into mainstream…
“# Bitcoin price rise to $500k is inevitable, Winklevoss twins say ” Gemini crypto exchange founders Tyler and Cameron Winklevoss said that Bitcoin (BTC) will eventually hit $500,000 per coin during a recent interview with podcast host Peter McCormack. “The question in our mind is not so much does it get to $500,000, but how…
“# Novogratz calls PayPal’s Bitcoin news ‘the shot heard around the world on Wall Street’ ” Galaxy Digital CEO and multi-millionaire Mike Novogratz recently hopped on CNBC Squawk Box for an interview, detailing the importance of PayPal’s upcoming 2021 Bitcoin (BTC) launch. “I think that’s, in some ways, the shot heard around the world on…
“# Grayscale adds a ‘cool $300M’ in a day and $1B this week ” Crypto fund manager Grayscale Investments has increased its assets under management (AUM) by $1 billion in the space of a week. According to an update posted to Grayscale’s Twitter account on Oct. 22, the investment firm currently has $7.3 billion in…
“# PayPal’s crypto integration means Bitcoin could triple its user base ” Bitcoin (BTC) price has again punched through the $13,000 mark after yesterday’s PayPal’s announcement sparked a powerful rally which drove the price to a new 2020 high. Currently sitting near $13,100, Bitcoin price has rallied nearly 10% since the announcement and BTC is…
“# Not everyone in the crypto industry is thrilled about PayPal’s recent news ” While many in the industry were pleased with Bitcoin’s surge past $13,200 following an announcement that PayPal intends to integrate crypto into its network, some fail to see any benefits beyond the immediate price movement. According to an Oct. 21 blog…
“# It’s official: Bitcoin now more popular than sex ” What feels better than watching Bitcoin (BTC) skyrocket on bullish mass-adoption news? For hodlers, there aren’t too many events in life more satisfying than a trip to the moon — and now the rest of the world seems to be catching on. Bitcoin, it seems,…
“# Bitcoin on-chain transfer volume exceeds 4M as price rises to 14 month high ” As Bitcoin’s (BTC) price broke through resistance at $12,000, its on-chain transfer volume exceeded 4 million and set a 14-month record high. Source: Glassnode. Unlike exchange volume, on-chain metrics cannot be easily faked or manipulated. To put this in perspective, the…