bitcoin / 326 posts found
Bitcoin Taps $39K, NEAR Protocol Soars 12% (Market Watch)
After marking the multi-week low yesterday, bitcoin reacted well and spiked by almost $2,000 in the following hours. Most altcoins are also slightly in the green following the recent corrections. NEAR Protocol leads the way with a double-digit daily increase. Bitcoin Taps $39K After failing at $41,000 last week, bitcoin started its rapid descent and found itself trading below $38,000 just a day later. The bulls stepped up at this point and pushed the asset north. As a result, bitcoin was above $40,000 shortly after, but, as it happened the last time, it didn’t stay there for long. Just the […]
Bitcoin becomes the official currency in the Central African Republic
The Central African Republic has overtaken regional cryptocurrency front-runners such as Kenya and Nigeria to become the continent’s first nation to officially adopt bitcoin as legal tender. El Salvador is the only other country that officially uses bitcoin as legal tender in the world. Uptake of the currency since its introduction in the country in September 2021 has been modest. The CAR parliament unanimously passed a law in favor of the adoption of bitcoin, driven by the need to solve currency and exchange rate challenges. The BBC quoted Yann Daworo, an economist in the CAR capital Bangui saying, “Businessmen will no longer […]
Bitcoin Could Hit $1M and Gold $10k to $20k by 2030 – Former Bitmex CEO
Summary: Arthur Hayes has forecasted that Bitcoin could get to $1 million and Gold to $10,000 to $20,000 by the end of the decade Mr. Hayes’ forecast of Bitcoin and Gold is based on an event he describes as ‘the Doom Loop’ The Doom Loop is when the US Federal Reserve starts to pay ‘more in interest on its debt than it receives in tax receipts’ Accommodating the Doom Loop will involve the Fed easing its measures in fighting inflation The Co-founder and former CEO of Bitmex, Arthur Hayes, has forecasted that Bitcoin could get to $1 million and Gold […]
