Bitcoin sceptic Peter Schiff recently criticized the Bitcoin community for its illogical arguments over the US national debt. The belief that the Federal Reserve would soon switch to money printing has led many Bitcoin proponents to predict that the price of BTC will skyrocket to millions of dollars per coin,
At the Bitcoin 2024 Conference, industry experts and US lawmakers expressed their future intuitions of the crypto market, highlighting its potential for substantial growth. Amid the pro-crypto scenario, the University of Wyoming (UW) has announced the establishment of its Bitcoin Research Institute (BRI) at this crucial event in Nashville on
After Bitcoin’s month-long consolidation, this week turned positive for the global cryptocurrency market with a series of pivotal events and announcements. Bitcoin has shown a strong bounce, trading nearly 15% higher on the monthly chart and nearing the $70,000 zone. This upward movement follows the Bitcoin conference over the weekend,
The goal of Donald Trump’s administration is to establish the US as the global leader in cryptocurrency. During his inspiring address at the Bitcoin 2024 conference in Nashville, Tennessee on July 27, the former president made these and other promises. Cryptocurrency proponents, meanwhile, may have been confused by the Republican
The announcement of a Bitcoin lending program was made at the Bitcoin 2024 conference on Saturday, July 27, by billionaire Howard Lutnick, who is also the Chairman and CEO of the financial services business Cantor Fitzgerald. The company made its Bitcoin holdings public and argued for Bitcoin’s legalization in the
Bitcoin (BTC) has maintained its momentum above $65K since the start of the week. The asset has climbed to $68K amid a greedy market sentiment. This surge is supported by institutional investors and notable figures who advocate for Bitcoin. Adding on to it, the Bitcoin Conference in Nashville has generated
Independent presidential candidate Robert F. Kennedy Jr. highlighted the potential benefits of Bitcoin for the U.S. economy during his address at the Bitcoin2024 event on July 26. He outlined several executive orders he planned to sign on his first day in office, aimed at integrating Bitcoin into the national economic
The crypto community was anticipating today’s Core PCE inflation report with much anticipation. Inflation dipped to 2.5% in June from 2.6% in May, as reported most recently. Importantly, it has also been consistent with what the market was expecting, while June’s core inflation rate was flat. After cooling to 2.6%
Adding Spot Bitcoin ETFs to its pension funds, the state of Michigan has taken a daring step in the crypto market. The state spent around $6.6 million for 110,000 shares of the ARK 21Shares Bitcoin ETF (ARKB), according to a recent SEC filing. The increasing demand for Bitcoin and its
Renowned economist Peter Schiff severely criticized Michael Saylor, founder of MicroStrategy, for what Schiff called the “Bitcoin pyramid scheme.” After Saylor’s address at the Nashville Bitcoin Conference 2024, this back-and-forth took place. Saylor compared Bitcoin to “cyber Manhattan” and said that the US currency should be backed by the digital
