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Bitcoin needs to close above the key $81,000 weekly level to avoid more downside volatility ahead of next week’s Federal Open Market Committee (FOMC) meeting, which will offer investors more cues on the Federal Reserve’s monetary policy for 2025. Bitcoin (BTC) price fell over 3% during the past week, to trade above $83,748 as of…
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What does this mean for investors? If bitcoin and cryptoasset markets get incrementally more stable over time, that on a standalone basis doesn’t all-of-a-sudden make bitcoin an attractive investment, right? Then what does? From an investment perspective, our Model Portfolio Solutions team appreciates several substantive arguments that support bitcoin’s long-term investment merit. Namely, to potentially…
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Ross Gerber is shifting his focus from Tesla to Nvidia, JPMorgan, and Meta Platforms amid the market dip. Nvidia’s valuation and growth potential attract Gerber despite recent stock sell-off concerns. Gerber sold bitcoin for gold, citing volatility and uncertainty as key factors in his decision. Ross Gerber, known as a longtime backer of Tesla, sees…
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BlackRock, the world’s largest asset manager with approximately $11.6 trillion in assets under management, currently holds over 567,000 Bitcoin (BTC), valued at over $47.8 billion — making the asset manager one of the largest holders of BTC in the world. According to Arkham Intelligence, the asset manager’s most recent BTC acquisition occurred on March 14…
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It’s not a good idea to thoughtlessly follow in the footsteps of a big player when it announces that it’s going to be buying, selling, or holding an asset, especially when it comes to cryptocurrencies like Bitcoin (BTC 1.50%). But there is one player in particular that’s so large that it’s simply not advisable to…
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10h05 ▪ 5 min read ▪ by Mikaia A. Bitcoin mining is no longer reserved for the industry giants. Gone are the overpriced equipment like the Bitmain Antminer S21 Hydro or the long mining pools. A lone miner just hit the jackpot with a pocket machine costing less than $100. This quasi-miraculous victory proves that…
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The widely followed cryptocurrency analyst Benjamin Cowen says Bitcoin’s (BTC) bull cycle would likely be over if it enters one key level. In a new video, Cowen tells his 886,000 YouTube subscribers that Bitcoin may be repeating a similar pattern from 2017, when it tested the prior year high. However, he warns that if Bitcoin…
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Bitcoin To Hit $250K By End Of 2025 Tim Draper Predicts: ‘Will Be The Dominant Currency Of The World’ Venture capitalist Tim Draper is well known for his Bitcoin (CRYPTO: BTC) price predictions over the years. In a new interview, Draper is sticking with a price target of $250,000 for the leading cryptocurrency. What Happened:…
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10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent the majority of the year consolidating after hitting all-time highs early on. “Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin (BTC) repeating a similar market movement to 2024. In March 2024, Bitcoin reached…
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Rep. Gerald E. Connolly, the Ranking Member of the House Oversight and Government Reform Committee, urged the US Treasury Department to abandon plans to establish a strategic Bitcoin reserve and the digital asset stockpile. In a letter to Treasury Secretary Scott Bessent, Connolly condemned the effort as fiscally irresponsible and politically motivated. He warned that the…