Avik Roy, the president of a nonprofit think tank, said Senator Cynthia Lummis’ idea that Bitcoin could eliminate federal debt is an “overselling” of what Bitcoin can do. United States Senator Cynthia Lummis’ plan to set up a strategic Bitcoin reserve won’t be enough to solve the country’s debt crisis, which has now swelled to…
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Benjamin Cowen says “sometimes I am wrong, sometimes right” with his crypto predictions but he is confident Bitcoin dominance “will go down” in 2025. With a crypto bull run on the horizon, you better have some solid reasoning to back up your bold and overly optimistic crypto predictions, says Into The Cryptoverse founder Benjamin Cowen.…
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MicroStrategy’s 0% senior convertible note means it will not need to pay regular interest to bondholders. MicroStrategy, the largest corporate holder of Bitcoin, is set to raise $1.75 billion to buy more Bitcoin from senior convertible notes at a 0% interest rate. MicroStrategy said it “intends to use the net proceeds from this offering to acquire additional…
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RFK Jr. has been a longtime Bitcoin advocate, praising its power to transmute currency inflation as US government debt tops $36 trillion. Robert F. Kennedy Jr captured headlines once again due to earlier remarks the former Presidential candidate made — claiming that he “Put most of his wealth” into Bitcoin. The former independent candidate also…
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A crypto analyst reiterates that “some of these” Bitcoiners have been “here for many years,” and $90,000 is the “first target” for profit-taking. Bitcoiners who have held their coins for over 155 days aren’t all holding out for a six-figure price tag, with some happily taking profits once Bitcoin surpassed $90,000, according to a crypto…
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After hitting new all-time highs, Bitcoin hints at early signs of short-term correction to reset its overleveraged futures market. Bitcoin’s price dropped 6% between Nov. 13 and 15, exhibiting its first period of correction since breaking above its previous all-time high of $73,880. Bitcoin 4-hour chart. Source: TradingView With BTC undergoing price discovery on Nov.…
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Bitcoin hit $90,000, but holding it is proving to be a challenge. Godleak explains why. Bitcoin price is trying to punch through the $90,000 level but encountering some pushback. Let’s briefly explore why. On the BTC/USDT 1-hour chart, one can observe a block of sell orders at $90,000. As BTC price runs into these asks, the selling…
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Donald Trump’s win in the United States presidential election may not be the “main story” driving the Bitcoin price rally, says Onramp Bitcoin co-founder Jesse Myers. Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock. “If…
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Bitcoin has broken the $79,000 price level for the first time and many traders are sharing the sentiment that “this is just the beginning.” Bitcoin’s price has soared above the $79,000 level for the first time ever in a week during which it reached several new highs since Donald Trump was reelected as president of…
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Bitcoin is well into price discovery, but that is not stopping market participants from predicting a snap BTC price comedown. Bitcoin is dividing opinion as a weekend BTC price surge takes BTC/USD to nearly $80,000. BTC/USD 1-hour chart. Source: TradingView Mixed reactions as Bitcoin sees weekend surge Data from TradingView shows Bitcoin gaining almost $2,000 in a…
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