Bitcoin
December 6, 2023
Bitcoin's Surging Fortunes Amid Industry Turbulence
Bitcoin exceeding the $40,000 mark is because, not despite, the recent scandals are removing the bad actors from the market.
On Monday, the world’s largest crypto hit a high of $41,700, a level not seen since April 2022. On Tuesday, Bitcoin reached $44,011, according to Cointelegraph Markets Pro and TradingView data. This takes BTC’s week-to-date gains to 10%.
In November, Binance founder Changpeng Zhao, better
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November 9, 2023
deVere has recently carried out a new survey, revealing over three-quarters of under-40s would rather have Bitcoin than gold in their investment mix.
Indeed, 77% of clients under 40 would choose to have the world’s largest cryptocurrency over gold in their portfolios to build their long-term wealth opportunities, highlighting a major shift in the investment landscape.
The younger generations now believe that Bitcoin is a more dynamic and possibly
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July 19, 2023
As heatwaves continue across the northern hemisphere and extreme temperatures are breaking records across the globe, I believe Bitcoin can help to mitigate the climate change crisis.
The world’s largest cryptocurrency is emerging as a possible solution to the global climate change emergency. Indeed, Bitcoin can fuel positive change and help the fight against climate change.
As I said to Bitcoin Insider, Korea IT Times, and Technuter, amongst other media outlets,
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March 17, 2023
Bitcoin surged in price following the recent collapse of Silicon Valley Bank and Signature Bank, with the banking crisis acting as a springboard event for the world’s largest cryptocurrency, as global investors seek safe haven, alternative currencies.
Indeed, Bitcoin rose as much as 20% as the second and third biggest bank failures in US history spooked investors around the world. The collapse of Silicon Valley Bank (SVB) triggered fears across Wall Street of
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March 7, 2023
With works on a potential digital dollar gaining pace in the US, the case for Bitcoin becomes significantly stronger.
The US Treasury Department’s undersecretary for domestic finance, Nellie Liang, stated that the federal government would begin talks in the “coming months” in regard to a Central Bank Digital Currency (CBDC).
During a speech made last week for the Atlantic Council, Ms Liang said officials in the USD are “actively evaluating whether a
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February 1, 2023
deVere has carried out a recent survey which revealed 82% of high net worth (HNW) clients – with between £1m and £5m of investable assets – have sought advice on crypto over the past year.
The cryptocurrency market registered its worst performance since 2018 last year, with Bitcoin, the world’s largest cryptocurrency by market cap, declining around 75% over the 12 months.
The price falls resulted from investors reducing exposure to risk-on assets, including stocks and
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August 9, 2022
I believe Bitcoin will hit a new record high of $70,000 in 2022 as institutional investment increases.
This comes at a time when a major U.S.-based asset manager has joined forces with a crypto exchange to boost access to cryptocurrencies amongst institutional investors.
As I said to Forbes, Nasdaq, Advisorpedia and Zawya, amongst other media, interest in Bitcoin and crypto from institutional investors has soared over the past few months and is only set to
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SEC labels Bitcoin a commodity
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Regulation of the crypto market has taken a crucial move forward following comments made earlier this week by the U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler.
During an interview with CNBC, Gensler said Bitcoin should now be labelled as a commodity.
As I was quoted by Investor Ideas, Mena FN, Share Wise, StockHead and Biz Community, amongst others, the SEC Chairman’s comments have cleared up years of debate. Bitcoin is now viewed as a commodity by one of the most influential regulators in the world, just like gold, and not a
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April 12, 2022
Bitcoin will rally from the latest cryptocurrency crash to hit a new record high of $75,000 by the end of this year.
That’s my latest prediction, even as Bitcoin’s price declined under the $40k mark a number of times on Monday, impacting the wider crypto sector.
The total crypto market is down $1.89 trillion currently, an 11% fall compared to last week.
What we’ve seen is Bitcoin briefly falling under $40,000, tracking losses in global equities. The correlation with
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March 1, 2022
The price of Bitcoin may likely reach $50,000 before the end of March due to mounting geopolitical tensions and growing institutional investments.
Over the past 24 hours we’ve seen the world’s largest cryptocurrency surge by over $6,000 to surpass the $44,000 mark – the steepest daily rise since February last year.
As such, I can’t see any reason why the price momentum should weaken, so I believe Bitcoin will hit $50,000 by the end of March.
Of course, it’s still
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February 14, 2022
Geopolitical issues such as the mounting Ukraine-Russia tensions, will fuel Bitcoin’s increasing mass adoption and higher values in 2022. Even with the 5% decline over the weekend.
Looking back over the past few weeks, serious geopolitical risks have shown real-life use cases for Bitcoin and cryptocurrencies in incredibly volatile times.
As I was quoted by Forbes and Tech Telegraph, amongst other media, according to research, donations in Bitcoin have been flooding into
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January 27, 2022
The International Monetary Fund urging El Salvador to reverse its decision on making Bitcoin legal tender is baffling.
The central American country became the first to make the world’s largest cryptocurrency legal tender back in September last year. Naturally, the situation in El Salvador needs to lot of careful monitoring to ensure the Bitcoin rollout really does benefit the people. Yet the IMF pressing the country to ditch such a pioneering financial policy in an attempt to
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