AllianceBernstein Predicts Bitcoin’s Rise as Digital Gold
Asset manager AB’s Bernstein predicts the Federal Reserve’s money printing during a banking crisis will boost Bitcoin’s role as digital gold.
Asset manager AB’s Bernstein predicts the Federal Reserve’s money printing during a banking crisis will boost Bitcoin’s role as digital gold.
The US government holds 205,500 BTC worth $6 billion from Bitfinex hack and Silk Road seizures, making them one of the largest Bitcoin holders globally.
New York investment bank H.C. Wainwright predicts the beginning of a bull market for Bitcoin, signaling potential growth in the cryptocurrency market.
Reports suggest the US government may have sold bitcoin to halt the ongoing rally, wiping out $300 million in open interest.
Global leaders are now working with the US to ensure history doesn’t repeat itself. However, the future is bleak.
The US government is reportedly dumping a large portion of their remaining Mt. Gox BTC, causing a significant increase in daily sell pressure.
As Bitcoin reaches the $30,000 mark, First Republic Bank’s stock prices hit a new record low, highlighting the contrasting performance of cryptocurrencies and traditional banking.
With 56 million fiat millionaires globally and only 1 million Bitcoin addresses holding over 1 BTC, the cryptocurrency market is still in its early stages.
Apple eliminates the Bitcoin white paper hidden in system files since 2017, as reported by 9to5mac, following the release of macOS Ventura 13.4 beta 3 to developers.
Ran Neuner raises alarm about old Bitcoin addresses becoming active, speculating a potentially catastrophic outcome.
Exploring Bitcoin’s historical price patterns and the possibility of reaching a new all-time high of $100,000+ by November 2024.
OKLINK reports the countdown to halvings for Litecoin, Dash, and Bitcoin, with each cryptocurrency set to experience a change in block rewards and potential market impact.