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0 CommentsBalaji Srinivasan has predicted Bitcoin will reach $1 million within 90 days as a consequence of hyperinflation in the United States. Former Coinbase chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin’s price over the next 90 days, predicting the cryptocurrency price will reach $1 million by June 17. The wager was initiated on March…
192 ViewsBTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla. Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin market cap has managed to flip that of tech giant Meta. At the time of…
216 ViewsThe price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level. Bitcoin briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate. The price of BTC dipped…
166 ViewsAccording to CoinShares, outflows from crypto investment funds amounted to $17 million last week, marking the fourth consecutive week of outflows. On March 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which reveals that investors have continued to show negative sentiment toward crypto investment products, with outflows totaling $17 million. The negative…
167 ViewsShould the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.” There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador…
212 ViewsThe price of BTC has fallen a steep 5% in 60 minutes in the early hours of Mar. 3, wiping $22 billion from Bitcoin’s market cap. The price of Bitcoin (BTC) has fallen more than 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital….
