In an effort to take advantage of Bitcoin’s potential as a store of wealth and protection against inflation, Hoth Therapeutics, a biopharmaceutical business in the trial stage, has allocated up to $1 million in the cryptocurrency. In light of the increasing interest in Bitcoin after Donald Trump’s reelection as president.
Author Robert Kiyosaki of the best-selling “Rich Dad Poor Dad” book has given his stamp of approval to MicroStrategy cofounder Michael Saylor’s $13 million Bitcoin forecast. In his opinion, Saylor is correct. According to Kiyosaki’s latest social media post, Saylor is quite smart. The price of Bitcoin hit $94,040 on
The Royal Government of Bhutan has strategically accumulated Bitcoin worth over $1.1 billion, representing 34% of the nation’s GDP. This significant holding stems from Bhutan’s innovative use of its vast hydropower resources to mine. Bhutan has emerged as one of the largest state-level holders of cryptocurrency. Bhutan now ranks third
MicroStrategy has made an entrance to the top 100 publicly traded companies list in the U.S. by market cap, securing the 97th spot. The firm’s market cap has reached $96.73 billion. This follows a surge in the company’s stock price, which climbed 12% yesterday, breaking the $400 mark. Notably, the
US spot Bitcoin exchange-traded funds still buy more bitcoins per day than are being produced. According to Coinglass, the total aggregate inflows across all eleven ETFs amount to around $814 million. Assuming institutional investors maintain their present pace of coin hoarding, a massive supply shock is likely, given that around
A significant milestone for the cryptocurrency sector was reached when Spot Bitcoin ETF options made their official debut on the Nasdaq. Investors have acquired more tools for risk hedging and covering exposure to Bitcoin’s volatility with the introduction of these options, beginning with BlackRock’s iShares Bitcoin Trust ETF (IBIT). During
South Korea’s ruling Democratic Party of Korea (DPK) plans to proceed with the implementation of a cryptocurrency gains tax from January 2025, following delays due to resistance from investors and industry stakeholders. The Seoul Shinmun reported Wednesday that the DPK remains committed to enforcing the tax despite earlier discussions about
Microsoft plans to assess and incorporate Bitcoin into its balance sheet. This decision aligns with the shareholders preparing to vote on a proposal in December, coinciding with an upcoming presentation by Michael Saylor, Executive Chairman of MicroStrategy, to Microsoft’s board of directors. During a November 19 X Spaces session hosted
As good times in the digital assets sector persist, this week has seen a short pause in price rallies. The community known for its endless optimism has been sportive as investors wait for the next bull cycle. Meanwhile, smart traders have gotten to work beginning to accumulate tokens before it
With a total supply of almost $176.2 billion, stablecoins are at an all-time high. Token Terminal data shows that stablecoin supply has been rising again after a dip in the middle of 2022 and the beginning of 2023. When it probably reflected wider market retracements during the crypto winter. There
