There have been plenty of well-known Bitcoin bashers (people who believe the real value of Bitcoin is zero), but this time a new and very well-known investor has emerged. Michael Burry, the legendary “Big Short,” has opened a massive position against Palantir and Nvidia while calling Bitcoin the “tulip bulb of our time.” 2008 Michael […]
The crypto market remains surprisingly calm on the day the US central bank announces a new interest rate decision. While everyone is waiting for the Fed’s rate decision and Jerome Powell’s press conference later tonight, investors appear to be taking a wait and see approach for now. Still, most prices are showing green today. Bitcoin […]
The largest digital currency has been trading around $90,000 for a week or so, refusing to break out either up or down. Is this the agonizingly slow start of a Christmas rally, or a temporary peak before another plunge to the bottom? At the same time, Bitcoin mining companies face a difficult choice: crypto or […]
During every Bitcoin bear market (the downward price trend that follows the end of a bull market), a major crypto company collapses. At the end of the 2017-2018 Bitcoin bull run, it was the numerous Japanese ICOs that had put themselves in the spotlight; at the end of the 2020-2021 bull run, it was FTX, […]
For the first time in a decade, Bitcoin will likely not end up trading in tandem with the S&P 500, the largest and broadest basket of US stocks. The S&P has already gained around 16% this year, while Bitcoin is currently facing a small loss compared to the beginning of the year. So, all that […]
Every few months, I ask the various AI chatbots how they think Bitcoin will perform in the long and short term. In 2023, there was only ChatGPT and its predictions weren’t particularly accurate. These days, there are plenty, but I still went back to ChatGPT this time. AI chatbots will continue to improve and become […]
About a year ago, Bitcoin broke through the magical $100,000 barrier for the very first time. After that, a pro-crypto president took office in the United States for the very first time (Trump wasn’t very pro-Bitcoin during his first term), and increasingly outlandish price targets were set for the largest digital currency. After a year […]
Earlier this week, the Trump family’s Bitcoin mining operation crashed by around 40% in a single day. More precisely, it plummeted by 40% in just 30 minutes (after locked-up shares suddenly became freely tradable). Internet users claim this bears a strong resemblance to the Trump memecoin crash earlier this year. American Bitcoin This past spring, […]
Until recently, Michael Saylor was the crypto world’s biggest hero. That’s because he decided in 2020 to transform his small software company, MicroStrategy (now Strategy), into the world’s biggest Bitcoin whale. As his plan worked so well in 2020 and 2021, he began borrowing more and more money to finance this Bitcoin buying strategy. That […]
The brief rally we saw last week was almost completely wiped out on the first day of December with Bitcoin’s 7% drop. Investors hoping for a “buy the dip” effect were almost nonexistent, while analysts agree that the $80,000 level is the next target to mogically focus on. Central banks Two central banks were to […]
