In 2017, Bitcoin enthusiasts made some crazy bets. John McAfee promised to eat his own private part if Bitcoin didn’t reach $1 million per BTC by 2020. Many others, including Chamath Palihapitiya, Harold Burger, Wences Casares, and Raoul Pal, predicted that Bitcoin would hit $1 million in five to 20 years. These predictions seemed outlandish, […]
Bitcoin has experienced several bear markets in its history, and we are currently in the midst of the crypto industry’s fifth bear market. Investing in technology can be tricky for several reasons. One of which is that the technology industry is famously volatile. Let’s take a look back at past crypto winters and the lessons […]
Bitcoin, the leading cryptocurrency, has been on a solid uptrend in the past week, reaching $28,500 and gaining nearly 30% in value. This impressive performance has also influenced the sentiment of investors and traders, who are becoming more optimistic and confident about the future of the digital asset. According to the Bitcoin Fear and Greed […]
Historically, BTC has outperformed the world’s traditional assets and main investing sectors. These industries include, among others, information technology and communication services. Recent data from Goldman Sachs show that, as compared to gold, the rate of rise of Bitcoin and periodic ROI has been higher. It is important to note that during the period from […]
Bitcoin is a rollercoaster that we can’t get enough of, and it seems like the ride is only getting more intense. On-chain data has revealed that Bitcoin’s exchange inflow has skyrocketed to its highest value in six months, which can only mean one thing—someone’s taking profits! On-chain analytics firm Santiment has reported that the “exchange […]
BTC has plunged to break the two previous lows in just twelve days since the start of the month as volatility unexpectedly rises. Silvergate Bank’s insolvency may be what’s causing the rapid decrease. Due to commercial and regulatory challenges, Silvergate, a key lender to the cryptocurrency sector, has ceased operations. It’s important to remember that, […]
The cryptocurrency market is no stranger to ups and downs, but the past few days have been particularly turbulent for USDC. As a stablecoin, USDC’s value is supposed to remain constant at $1. However, in the past 48 hours, it has experienced a “depeg,” with its value dropping below $0.90 for the first time. Yikes! […]
The past seven days have been a rollercoaster ride in the crypto market. Unfortunately, this rollercoaster ride has mostly been heading downhill, and it’s been a bumpy one at that! The total capitalization of the crypto market has dropped below $1 trillion for the first time since January 14th. Ouch! That’s a lot of money […]
Bitcoin is a revolutionary concept, but as with any new idea, misconceptions often arise. Below, we will explore and dispel some of the most popular myths about Bitcoin. 1. BTC Promotes Crime This statement has been debunked by data revealing that only 0.15% of cryptocurrency transactions are associated with criminal activity. In contrast, 2-5% of […]
