Aurelia Butler

In his tweet, Changpeng Zhao shared a link to the “Database of notable Bitcoin skeptics” called “Bitcoin is dead”.“If you believed any of these guys, then … blame yourself,” the former Binance boss tweeted.Founder of CryptoQuant Ki Young Ju reminded CZ of his earlier tweet in the comments – in 2019, CZ tweeted: “Slap yourself, if you sold $BTC under $10,000.”On Saturday, CZ also commented the BTC high reached on that day, which was $77,252. Back then, Zhao issued a warning that investors and hodlers should “control their greed.” He said that in the near future BTC is likely to demonstrate multiple new highs and setbacks, advising the community to “apply proper risk management.”It is important to be able to handle those future highs and lows. “Don’t put all your eggs in one basket,” he said.CZ and several other Binance executives received the transferred money as part of the repurchase deal with SMF in July 2021. That $1.8 billion transfer was obtained for selling roughly 20% of FTX’s international platform and 18.4% of FTX’s US-based branch. SBF paid for those stocks in a mix of FTT, BNB, and BUSD tokens. Since the filing claims that at that time FTX and its trading company Alameda Research were insolvent, the repurchase was fraudulent. Besides, FTX accuses CZ of posting misleading tweets about FTX before the latter collapsed in November 2022.This article was originally published on U.Today More

This article was originally published on U.Today More

Bitcoin’s price has surged since the election, gaining over 29% in the last week, hitting new all-time highs and coming close to breaking the $90,000 level. Analysts and investors see Trump’s win as a potential tailwind for the crypto market. As the crypto market continues to react to the latest political development, Investing.com’s poll asks:Can Bitcoin reach $100,000 by the end of 2025? More

According to blockchain data tracker Whale Alert, “a dormant address containing 67 BTC worth $5,525,168 has just been activated after 11.0 years worth $21,050 in 2013.”The 67 BTC at the time of reactivation is now valued at nearly $5,525,168, a 26,147% increase from its worth of $21,050 back in 2013.The identity of the owner remains unknown, but the timing and magnitude of this activation have sparked speculation about the intentions behind it.Some speculate it could be an early investor cashing in on their gains, while others wonder if it signals a broader trend of long-term holders beginning to move their assets, as seen in several reactivations in recent weeks.Bitcoin, the first and largest cryptocurrency by market capitalization, continues its continuous upward trend, crossing $89,000 for the first time in Tuesday’s trading. Bitcoin has increased by more than 30% since last week, establishing new highs virtually daily.Bitcoin has already more than doubled in 2024, thanks to strong demand for dedicated U.S. exchange-traded funds and a Federal Reserve interest rate reduction.According to Bloomberg, Bitcoin options traders are already targeting a milestone price of $100,000 for the original cryptocurrency. Investors are placing bets that Bitcoin will reach the milestone by the end of the year, according to statistics from crypto options exchange Deribit.As of Monday morning, there were 9,635 Bitcoin — worth around $780 million — in open interest bets on Bitcoin reaching $100,000 by Dec. 27, according to Deribit data. That is the most at stake for any trade with that expiration date. Deribit estimates that the trade has an 18.6% chance of paying off.This article was originally published on U.Today More

However, in a post on X, Scaramucci wrote that he believes that Bitcoin will still record future gains beyond the current cycle. Hence, he reassured those who do not hold Bitcoin that it is “early.” He said, “It may feel like you missed it, but you didn’t.”Scaramucci believes that Bitcoin, as an asset with long-term value, still has better days ahead. Therefore, those willing to jump on the adoption train can still do so as future events will shape up to have a bullish impact on Bitcoin.Notably, he references the possibility of the U.S. government establishing a “Strategic Bitcoin Reserve.” This could have broad implications for the asset; as such, a move might trigger broader acceptance by other countries across the globe in Bitcoin acquisition. Such a development will trigger bullish sentiment for the asset.The founder of SkyBridge Capital has always been positive about Bitcoin. As reported by U.Today, Scaramucci predicted that by 2026, Bitcoin could become a store of value when it gains wider usage, say, one billion users.As of this writing, Bitcoin has maintained its bullish trajectory and is trading for $87,268.45, a 6.39% climb in the last 24 hours. According to data, the coin had earlier tested the 90K level – when it hit $89,729.This article was originally published on U.Today More

Known for his vocal criticism of digital assets, Schiff has said that Bitcoin and the broader blockchain ecosystem may ultimately be remembered as one of the greatest misallocations of resources in modern financial history. However, if he had known how big Bitcoin would become, he might have “loaded up on it,” the crypto-skeptic admitted.Well, that did not happen in 2011, when Bitcoin was last seen at $1, and the cryptocurrency made its way to nearly $90,000 without Peter Schiff onboard. For now, the banker remains convinced that BTC is a bubble, and when it bursts, it will not just affect individual speculators; it will also affect those who have financed infrastructure and companies in the crypto sector.He noted that silver’s decline was relatively small, especially on a day when gold saw a significant drop. In addition, Schiff noted that Bitcoin’s market value has once again surpassed that of silver, but the balance could shift in favor of precious metals if dynamics of cryptocurrency prove to be nothing more than “pump and dump.”This article was originally published on U.Today More