Is it time to buy now that bitcoin has died?

From a peak of approximately US$70,000 per unit in November 2021, bitcoin’s value has dropped by more than half to around US$30,000 today. The broader cryptocurrency market has also crashed. The answer is that bitcoin dies frequently. At least seven other times, it has dropped by 50% or more. Whether you like or dislike bitcoin, […]

Why Bitcoin Sees Most Of Its Gains While US Traders are Asleep

2022-06-12 08:03:36 (Bloomberg) — When Wall Street goes to sleep, Bitcoin is usually just getting going. It often parties all night long, and in the process, notches more robust gains than while US markets are open. A hypothetical strategy that buys the coin at the equity-market close — at 4 p.m. in New York — […]

Satoshi Nakamoto’s Bitcoin State Of Mind

2022-05-11 Imagine Tupac Shakur (also known professionally as 2Pac) coming back to discover modern rap music. At the very least, he would have some questions, “What the fuck is ‘mumble’ rap?” Not that 2Pac invented rap, but he’s certainly a contender for the greatest rapper of all time, so assuming he would have input is […]

Future Of Energy Markets Bitcoin Miners

2022-05-06 Most of the conversations about Bitcoin infrastructure for the past two years have focused on the mining sector’s increasing convergence with traditional energy generators and power companies. At the Bitcoin 2022 conference, a panel hosted by this author discussed this trend and what mining’s continued growth means for electric grids and energy markets. Beyond […]

Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

2022-04-30 Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public […]

Can saving trees really turn bitcoin green? – TechCrunch

2022-04-22 Bitso, a Mexico City-based crypto exchange, is pledging to buy carbon offsets for every bitcoin transaction on its platform to compensate for the cryptocurrency’s environmental toll. It may sound great in theory, but the idea also deserves a heaping dose of skepticism, given the sketchy reputation carbon offset efforts have earned over the years. […]

Why Bitcoin could be poised to fall further

2022-04-20 Under tightening monetary pressures from central banks, Bitcoin (BTC-USD) is trading like “an overpriced tech stock,” as one analyst noted. That could potentially mean poor performance for the next few months. Bitcoin began trading this week above $40,400 Sunday before its correction early Monday morning where it slipped below $39,000 during Asian trading hours. […]

Paypal founder launches tirade against ‘gerontocracy’ over bitcoin | Peter Thiel

2022-04-08 Peter Thiel, the co-founder of PayPal and a Donald Trump ally, has accused a “finance gerontocracy” including Warren Buffett and Jamie Dimon of hindering bitcoin’s progress. The outspoken libertarian tech investor described multibillionaire Buffett, the world’s richest investor, as the “sociopathic grandpa from Omaha” in a keynote address at the Bitcoin 2022 conference in […]

EU Parliament Votes For Bitcoin Privacy-Busting Rules

2022-03-31 European Union lawmakers voted on Thursday in favor of a de-facto surveillance regime for Bitcoin and cryptocurrency transactions as the region seeks to gather identifying information on transfers between private, self-custody wallets. The EU Committees on Economic and Monetary Affairs (ECON) and on Civil Liberties, Justice and Home Affairs (LIBE) voted to extend anti-money […]