The average Bitcoin transaction is now worth more than $150,000.
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Category: microstrategy
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Bitcoin’s Intrinsic Value: Crypto Community Responds to Bank of England Governor
Bitcoin’s intrinsic value has been heavily discussed in the crypto community this week following a remark by the governor of the Bank of England suggesting that the cryptocurrency may have no intrinsic value. Does Bitcoin Have Intrinsic Value? Bank of England Governor Andrew Bailey talked about bitcoin’s intrinsic value during a question and answer session […]
The post Bitcoin’s Intrinsic Value: Crypto Community Responds to Bank of England Governor appeared first on Bitcoin News.
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Visual Interpretation of Bitcoin’s Supply Shows the Digital Asset’s Unique Scarcity
The Bitcoin network has recently crossed over the 18.5 million mark, as far as the number of bitcoins currently minted into circulation. However, even though over 18 million coins have been minted to-date there’s a number of different elements that affect the distribution of all the coins in existence. Elements that affect bitcoin distribution include […]
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Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days
During the last seven days, Grayscale Investments purchased 17,100 BTC or $182 million worth of bitcoin using today’s exchange rates. The company’s bitcoin position is now close to 450,000 BTC worth roughly $4.7 billion. The Grayscale Bitcoin Trust (GBTC) is a very popular investment vehicle and in 2020 the trust has obtained a massive amount […]
The post Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days appeared first on Bitcoin News.
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Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than Gold
Galaxy Digital CEO Michael Novogratz explains why it is a dangerous time to be in the stock market right now, leading up to the U.S. presidential election. While bearish on the dollar, Novogratz is bullish on bitcoin and gold but thinks that bitcoin has more upside than gold. Dangerous Time to Be in Stock Market, […]
The post Novogratz: Dangerous Time to Be in Stocks, Bitcoin Has More Upside Than Gold appeared first on Bitcoin News.
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MicroStrategy CEO could ‘liquidate $200M in Bitcoin on Saturday’
‘We can liquidate it any day of the week, any hour of the day,’ said Michael Saylor.
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Bitcoin Skeptic Turns Bitcoin Bull: Billion Dollar Company Buys 17K BTC in 74 Hours
Nasdaq-listed company Microstrategy recently bought almost 17K bitcoins within 74 hours, costing about $175 million. The CEO of this billion-dollar company used to be a bitcoin skeptic but has recently become a bitcoin bull when his company purchased $425 million worth of bitcoin. Billion Dollar Public Company Dives Into Bitcoin Microstrategy recently made history in […]
The post Bitcoin Skeptic Turns Bitcoin Bull: Billion Dollar Company Buys 17K BTC in 74 Hours appeared first on Bitcoin News.
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World’s largest sovereign wealth fund indirectly holds almost 600 Bitcoin
‘Other companies will follow’ — MSTR stock up 9% after buying Bitcoin
MicroStrategy stock price jumped once again after announcing it has bought a total of $425 million in Bitcoin to date, but will other companies follow in their footsteps?
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Canadian Restaurant Chain Tahini’s Converts All Cash Reserves Into Bitcoin
Canada-based Middle Eastern restaurant chain Tahini’s has converted all of its cash reserves into bitcoin. The company says bitcoin offers a much better alternative to cash savings. From Cash Savings to Bitcoin Middle Eastern restaurant chain Tahini’s has announced via Twitter that its entire cash reserves have been converted into bitcoin. Tahini’s is a small […]
The post Canadian Restaurant Chain Tahini’s Converts All Cash Reserves Into Bitcoin appeared first on Bitcoin News.
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