Fortress, a popular blockchain firm, has raised over $22.5 million in its latest seed funding round. The funding round was led by a family office […]
Two Indian brothers have pleaded innocent to the insider trading charges leveled against them by U.S prosecutors. The brothers, Ishan Wahi, a former Coinbase Global […]
When analyzing Berkshire Hathaway, much of the company’s success stems from philosophical and structural reasons that are exactly shared by Bitcoin.
Mainstream financial audiences are now paying attention to miner extractable value (MEV), and bitcoin investors should too.
Custodia’s lawsuit states “unlawful” delays in the bank’s approval process to gain a master account with the Federal Reserve which would lessen cost and risks.
Custodia is a digital asset bank located in Wyoming and founded by former Morgan Stanley managing director Caitlin Long. The crypto bank filed a lawsuit against the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City, alleging a “patently unlawful delay” in processing an application for its master account. Caitlin Long […]
Miller said Bitcoin “functioned without the Fed and without any interference” during times of market turmoil, concluding that “it’s an insurance policy, the way I look at it.”
Bitcoin has been seeing astronomical levels of adoption that its proponents have attributed to several factors. According to Barry Silbert, the founder and CEO of Digital Currency Group (DCG), one of these factors are governments around the world.
Billionaire Bill Miller, a seasoned billionaire investor, explains why he believes the current crypto outlook is very positive for Bitcoin. Miller likens Bitcoin to digital gold when it comes to the digital currency. Other cryptos are simply “adventure investments” since they lack the uniqueness of Bitcoin, he said. A fund manager, Miller highlighted that nearly half of Russia’s reserves are held in currencies controlled by individuals seeking to do them damage. Miller, a co-founder of Miller Value Partners, spoke on the future of crypto in the face of Russia’s ongoing invasion of Ukraine. Related Article | Criminal Whales Hold $25 Billion In Crypto Assets: Chainalysis Report Crypto Outlook Favorable For Stakeholders “The rest of crypto is a different story,” he said. The remainder of the cryptos could be called “adventure investments” since he believes they are all attempting to tackle different challenges. The renowned value investor has been a long-term advocate of bitcoin. Last month, he revealed he had “a substantial” amount of bitcoin, and compared it to digital gold as a hedge against inflation. He also referred to the current crypto outlook and Bitcoin as “insurance against financial disaster.” Miller’s deep knowledge of investing and the stock market holds weight because of his vast business experience. BTC total market cap at $740.14 billion in the daily chart | Source: TradingView.com Russian Sanctions Good For Bitcoin? Russia has 16% of its $640 billion in reserves in dollars, with 32% of assets denominated in euros. According to Miller, they have 22% of their reserves in gold, which is the only component other nations cannot seize. He said: “I believe this is very bullish for bitcoin.” Several nations have slapped Russia with all sorts of sanctions since it attacked Ukraine. As a result, the Russian currency and the stock prices of Russian enterprises listed on foreign exchanges have fallen precipitously. European Union Commission President Ursula von der Leyen did not mince words, last week: “We will paralyze the assets of Russia’s central bank,” This announcement is expected to result in transactions being suspended and, in effect, will render the central bank unable to dispose of its assets. War Drives Bitcoin Up: Devere CEO Meanwhile, the CEO of Devere Group, Nigel Green, also shares the same level of optimism and has predicted that bitcoin’s price will reach $50,000 by the end of this month if the current outlook for the crypto is to be the gauge. Bitcoin is now trading at $39,007. Green believes that the dollar’s standing as a global reserve currency might be threatened if viable and practical alternatives, such as cryptocurrency, emerge. Related Article | Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning He said that the conflict between Russia and Ukraine has prompted people, corporations, and government agencies throughout the world to explore “alternatives to traditional systems” in response to the war. According to Green, Bitcoin is now the 14th most valuable currency in the world, and he thinks it will rise much higher in the rankings in the coming months. He said: “Smart investors recognize this and will increase their exposure to cryptocurrencies before prices further climb.” The Devere boss believes geopolitical tensions and institutional investors are driving the price of the (still) most sought-after crypto in the world. Featured image from Bitcoin News, chart from TradingView.com
In a Wednesday interview with CNBC, Bill Miller once again laid out his cards on why he had fallen in love with Bitcoin, stating that the cryptocurrency was the best hedge against fiat-induced calamities. According to the Billionaire investor, one reason for his decision to purchase and hold Bitcoin in the long term is because the […]
The man who holds the record for most years outperforming the S&P 500 is deeply invested in bitcoin.
Discussing whether we are currently experiencing a bitcoin super cycle.
What can Bitcoiners learn about agriculture, compassionate care of the soil and the food supply?
“The reason I own Bitcoin is because the U.S. government and every government in the western hemisphere is printing money now to the end of time,” said Billionaire Barry Sternlicht. Following JPMorgan CEO Jamie Dimon’s recent comments that Bitcoin is worthless, two well known billionaires have leapt to its defense — although both of them… More
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