Almost every Bitcoin maximalist has argued how Bitcoin has performed better than tech stocks. Reiterating the same, MicroStrategy’s CEO Michael Saylor said that the crypto asset has grown roughly by 200% a year, at least before the pandemic. With a 700.5% hike in price within the last 12 months, it appears to have outpaced techContinue reading “Here’s why ‘there’s about zero chance’ of Bitcoin being replaced”

Co-Chief Investment Officer, and Senior Portfolio Manager SkyBridge Capital, Troy Gayeski believed that holding a “meaningful Bitcoin position” may be key to a “good to great” year. In a recent interview at Bloomberg Surveillance, Gayeski also offered his opinion on what people could expect if they did not take up a Bitcoin position. According toContinue reading “‘Meaningful’ Bitcoin position is a requisite for this!”

Former acting comptroller of United States Office of the Comptroller of the Currency, Brian Brooks was in the news today as he shared his opinion on Bitcoin. Speaking at an interview with the CNBC SquawkBox team, Brooks claimed the flagship crypto asset is “actually”  “backed by something.” Interestingly he quickly added that fiat such asContinue reading “What is the US dollar backed by? Bitcoin is at least backed by ‘something’”

Ever since the fund was initiated, GBTC’s premium has been comparatively high and has traded at an average of 15%. But as other financial products appear in the market, especially those that are more affordable, users’ interest in GBTC seemed to have waned over time. One indicator is that the premium was negative for atContinue reading “GBTC ‘outpaces’ Tesla by 50% this year; Is Bitcoin turning into a ‘risk-off asset’?”

XRP markets have been active lately with the crypto’s price being up by 13.6% in the past 24 hours. Amid the ongoing Ripple-SEC lawsuit, analysts like Ali Martinez even suggested that the “downtrend is approaching exhaustion,” thus indicating a buy signal for XRP. Moreover, a number of XRP whale addresses, which were previously thought toContinue reading “Ripple participates in 55 million XRP transfer”

Lykke, a cryptocurrency exchange based out of Switzerland is the first exchange that has decided to re-list XRP. CEO, Richard Olsen took to Twitter to claim that: We are thrilled to RelistXRP – bridging the gap of traditional finance with the new world of blockchain is our mantra and #XRP is foundational to achieving thisContinue reading “#Relist XRP scores a goal: This is the first exchange that will relist XRP”

New Zealand-based retirement saving schemes KiwiSaver, one that is operated by NZ Funds Management, has invested about five percent of its assets in Bitcoin. Local reports stated that as of December last year, the Funds Management’s KiwiSaver Growth Strategy fund had investments worth just over $350 million​.  The Fund Manager reportedly changed its “offer documents”Continue reading “Why this retirement fund has invested in Bitcoin”

Price of Bitcoin faced a massive correction in the past few days with the crypto falling by as much as 6.7%, on 25 March, and recording a 24-hour low of $50,623.90. Moreover, the asset’s price has been down by roughly 17% from its last ATH of $61,711.87 this month. It has been thought that theContinue reading “Bitcoin has been dropping with Ethereum, but here’s why ‘ETH is still outperforming BTC’”

With fresh developments in the Ripple-SEC lawsuit, analysts are now keeping an eye out for the company’s native crypto, XRP. Technical and on-chain analyst, Ali Martinez assessed the XRP market and published an interesting finding earlier today. According to him, XRP could provide “an opportunity for investors to profit.” Martinez used the Market Value toContinue reading “Is this a clear buy signal for XRP?”

While the Founder of IOHK has been busy with the upcoming Alonzo hard fork and NFT ‘tweet sales’, he recently hinted at another development for the Cardano network in a livestream on Periscope. Charles Hoskinson said that Cardano was planning to give importance to the NFT marketplace. Alongside preparing for Alonzo, an upgrade that willContinue reading “Cardano team’s negotiating with top-10 NFT marketplaces; will they move to Cardano?”

In the latest development from the SEC-Ripple lawsuit, the court has scheduled a date to discuss Ripple’s motion asking SEC to produce documents with regard to Bitcoin and Ethereum. XRP researcher Leonidas Hadjiloizou drew attention to the news and shared court documents mentioning a telephonic conference that is scheduled for Tuesday, 6 April with regardContinue reading “Ripple lawsuit: Will court compel SEC to produce Bitcoin, Ethereum documentation as non-securities?”

Bitcoin vs Gold argument will never get old, at least in the Schiff family. Recently, advocate for the yellow metal, Peter Schiff, and his Bitcoin maximalist teenage son Spencer Schiff went public with disagreements about their choice of investment. The spat began after Schiff senior criticized Elon Musk’s decision to allow Bitcoin payments to buyContinue reading “How Elon Musk’s Bitcoin tweet spurred a public disagreement between Schiff father and son”