Bitcoin

‘Avoid the F trend with Bitcoin’

Published

8 months ago

27 May, 2024

Bitcoin, KangaMoon, and Lido DAO Reach New Highs, Outpacing Inflation

MicroStrategy CEO Michael Saylor calls himself a Bitcoiner (Bitcoin) “optimistic” on the latest episode of Peter McCormack’s YouTube show, “What Bitcoin Did.”

Saylor also bluntly warned against any actions that could impede the progress of the leading cryptocurrency.

“Bitcoin will succeed,” Saylor he said. “It is succeeding as quickly as it could reasonably succeed, and we must try to avoid the tendency to fail with it.”

The 59-year-old billionaire, who reportedly it has more than 17,000 Bitcoin, posited that the cryptocurrency is on the cusp of widespread acceptance by nation-states, financial institutions, and institutional investors.

He also remains convinced that Bitcoin can solve global economic challenges. It’s a solid currency due to its limited supply, he says, contrasting it with conventional currencies susceptible to government-driven inflation.

It is highly unlikely that another digital asset can surpass it, according to Saylor.

“Bitcoin has matured too much…it has become too powerful to be threatened by another cryptocurrency,” says Saylor. “I think this will be a case of a rising tide that lifts all boats.”

See the video below:

Bitcoin: ‘Money Forever’

Saylor also claims that Bitcoin’s decentralized, censorship-resistant, and immutable attributes position it to thrive as so-called “forever money.” In his opinion, Bitcoin is a robust tool for promoting financial freedom and sovereignty.

Additionally, Saylor addressed the importance of sustaining Bitcoin’s development for its long-term viability and resilience. He emphasized the need for adequate funding mechanisms to support continued innovation, security improvements and scalability solutions within the Bitcoin network.

Saylor emphasized the collaborative efforts needed to fund development initiatives, ensuring the continued evolution of Bitcoin as a robust and sustainable financial system.

The conversation also addressed the political scenario surrounding the regulation of digital assets. Saylor noted the challenges faced by governments and regulatory bodies around the world in fighting Bitcoin’s decentralized nature. This has sparked debates about regulatory frameworks, compliance measures and the delicate balance between innovation and control.

Saylor further explored the concept of a “disguised revolution” driven by Bitcoin. He elucidated how Bitcoin’s disruptive influence on traditional financial systems is disrupting existing monetary paradigms, offering an alternative financial infrastructure that transcends borders and grants financial autonomy to individuals.

Bitcoin bull run: analysts warn investors

Bitcoin’s recent price rise has been remarkable. Its value has risen almost 13% in the last week and a half, reclaiming the $70,000 mark per BTC. This increase brought Bitcoin closer to its all-time high of US$74,000, leading market analysts and traders to reconsider their strategies.

Despite the optimistic sentiment, John Bollinger, a renowned trader and creator of the widely used Bollinger Bands, express caution regarding the immediate future of Bitcoin.

Bollinger highlighted a worrying pattern on the Bitcoin price chart, suggesting a potential pullback or consolidation phase. Specifically, he pointed out the appearance of a two-bar reversal at the top of the Bollinger Band, a signal often associated with a temporary market correction.

While Bollinger’s analysis raises short-term concerns, he remains optimistic about Bitcoin’s long-term prospects. His cautious stance is based on technical indicators rather than a bearish fundamental outlook. Bollinger’s outlook reflects current market sentiment, where optimism about Bitcoin’s future growth is balanced by awareness of potential short-term volatility.

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Bitcoin

What to watch for in the markets

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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