Cryptocurrency

Earlier this week, the company’s executive chairman announced the acquisition of another Bitcoin chunk that greatly surpassed the previous ones made this year. Aside from Voorhees, another big Bitcoiner praised Saylor for the BTC acquisition — Max Keiser.They bought the Bitcoin at an average price of $60,408. Now, the company holds 244,800 BTC valued at $14,675,662,080.Voorhees characterized this purchase as a “bold move,” stressing the value of Bitcoin continues to grow and MicroStrategy continues its “crusade” on accumulating BTC. As many Bitcoiners now, Voorhees believes that the U.S. dollar is quickly losing value due to multiple cash printings implemented by the U.S. government recently and the fast-growing national debt of the country.Speaking about the above-mentioned purchase, he tweeted: “Sell continually debased asset for scarce asset.”Bitcoin maximalist and the official BTC advisor to the president of El Salvador Nayib Bukele Max Keiser has also praised Michael Saylor and MicroStrategy’s decision to increase the company’s bet on Bitcoin.Saylor also shared his bullish expectations, saying that in 21 years Bitcoin may skyrocket to $10 million per coin.Notably, a similar prediction was made in 2009 by the late cypherpunk legend Hal Finney, who received the very first Bitcoin transaction from the mysterious Satoshi Nakamoto.Hal Finney was believed to be the real Satoshi by many within the community. Finney stated on a Bitcoin forum message that if Bitcoin becomes the most used payment system, each of its 21 million coins is likely to reach the price of $10 million.This article was originally published on U.Today More

There is no point about these debates, he suggests, hinting that it is wise to hold both assets. Sharing his take of a skilled investor with multi-year experience, he stated that “the only fact that counts” here is how many Bitcoins and how many gold coins an investor has.In his multiple and frequently published tweets, Kiyosaki has been advocating betting on Bitcoin, gold and silver since 2020, when the pandemic struck the world and the U.S. government resumed quantitative easing measures and began to print U.S. dollars to support U.S. households, banks, businesses and the economy in general.Now, as the printing continues due to the uneasy geopolitical situation in Eastern Europe and in the Middle East, Kiyosaki tweeted earlier this month that the national debt of America is currently expanding by a whopping $1 trillion every 100 days due to a vast government overspending. And the monthly interest payouts on this debt have already also reached $1 trillion.“A bond is debt, and the whole world is floating on it.” Kiyosaki added that “this collapse signals deeper economic troubles.”The market crashes are visible, he said, reminding the audience that “banking crashes are hidden and much more dangerous.” This is one of the reasons why he is betting on physical assets — gold, silver and Bitcoin.He advised the community to stop saving fiat “fake” money and begin saving up “real” money — Bitcoin, silver and gold.This article was originally published on U.Today More

McCourt believes this will bring the best of blockchain technology to TikTok’s large user base, adding more value for both creators and users. TikTok, the popular social media platform with over 1.5 billion monthly active users, has been labeled by the U.S. government as a potential Chinese spy tool. This has led to calls for its parent company, ByteDance, to divest its U.S. operations. With around 150 million U.S.-based users, McCourt has made an unexpected bid to acquire TikTok to merge it with Polkadot.According to Alpha Airdrop, McCourt’s interest in TikTok aligns with his broader strategy of leveraging blockchain technology to decentralize internet governance.McCourt’s Project Liberty has already announced plans to bring TikTok onto the blockchain using Polkadot’s infrastructure. This strategy, McCourt believes, could turn TikTok into a test case for blockchain’s capabilities in handling data ownership and privacy issues on a massive scale. The challenge is huge though, said Alpha Airdrop analyst. TikTok’s massive data load, with around 34 million videos uploaded daily, is tough for any blockchain to handle, he added. Most blockchains struggle with such heavy data processing, often experiencing slowdowns or outages, even with simpler tasks. However, McCourt is confident that Polkadot, especially with its upcoming 2.0 upgrades, can manage it. These upgrades are set to boost Polkadot’s scalability, making it capable of running large-scale applications without losing performance.McCourt’s initiative, dubbed the “People’s Bid,” seeks to integrate TikTok with Frequency, a decentralized protocol already successfully tested on the social media app MeWe, which has over 20 million users. Polkadot, created by Ethereum co-founder Gavin Wood, is now a top platform for decentralized applications. Its design allows multiple specialized blockchains to run at the same time, making it more efficient at handling large amounts of data.  More

In this current situation, Bitcoin has been correlated with the Asian stock market.Hang Seng is a leading stock market index in Hong Kong, which tracks daily changes in the biggest local companies that are listed on the Hong Kong Stock Exchange. The Hang Seng Index is the major indicator of how well the Hong Kong stock market performs overall.McGlone believes that the bottoms of this index and Bitcoin may be found lower than now, therefore, their downside movements might continue before they reach their nadirs.Earlier this year, McGlone tweeted that this year gold may outperform its digital analogue, Bitcoin.Kiyosaki stressed the continuous increase of the U.S. national debt. The expert reminded the community that this debt has recently been increasing by a staggering $1 trillion every 100 days.He also pointed out that the interest on this debt is currently the biggest expense in the country – more than $1 trillion per year. “The dollar is trash,” he tweeted, “stop saving dollars…start saving Bitcoin…real money.”Kiyosaki also believes that aside from Bitcoin, it is worth adding gold and silver to one’s portfolio since all three are safe haven assets that can help one survive hyperinflation.This article was originally published on U.Today More

In his view, record-high gold prices are not just a reflection of market trends. They signal something more concerning, like higher inflation, unemployment, rising long-term interest rates and maybe even a recession on the horizon.While many are looking forward to the Federal Reserve cutting interest rates next week, which some think will give gold’s ongoing rally a boost, history shows that gold often does well in periods of monetary change. For example, in September 2007, the Fed cut rates for the first time in four years after holding them steady at 5.25%. This led to a 45% surge in gold prices over the subsequent six months.Meanwhile, Bitcoin, while seen by some as gold 2.0, has yet to emerge as such a safe haven in the eyes of the majority of market participants; while it is still seen as the digital gold due to its deflationary nature and scarcity, cryptocurrency as a whole is seen as beta to tech stocks and the riskiest assets.That is why the performance of the NASDAQ may be more important to BTC than the precious metal right now, and why neither tech stocks nor digital assets are guaranteed against a free fall in a recession.This article was originally published on U.Today More

This article was originally published on U.Today More

Among “regular things” such as sexual orientation, gender self-identity, nationality, etc., “serious harm” now can also be caused if a person expresses a lack of confidence in the banking system and spreads “misinformation” about it. This could “bring harm” to the Australian economy.Bitcoin was initially created by Satoshi Nakamoto as a tool for those who do not trust the banking system. Therefore, Jamie Coutts tweeted: “If you live in Australia and own Bitcoin you better wake up. This Orwellian legislation is aimed right at you!”Alex James stated the same thing in his tweet: “Serious harm is…harm to ‘public confidence’ in the banking system. If you’re not confident in the banking system, you are spreading misinfo.”Santiment’s analysts say that after the recent mild rebound faced by Bitcoin, once the combined supplies of Bitcoin and Ethereum miners start growing again, it could be interpreted as a “strong signal the next bull run is approaching.”Over the past week, the world’s flagship cryptocurrency, Bitcoin, has staged an increase of more than 8%, rising from $53,490 to the $57,790 level, where it is changing hands at the time of this writing.This week, as reported by U.Today, Bitcoin miners sold 30,000 BTC worth roughly $1.7 billion within just 72 hours.This article was originally published on U.Today More

The firm is now one of the biggest corporate holders of Bitcoin, a feat it achieved over four years. The company started buying Bitcoin in August 2020 as the COVID-19 pandemic triggered an economic crisis that rendered the U.S. dollar less valuable. Convinced of its bets, the firm has grown its holdings despite criticism and fluctuating portfolio valuation.Since then, the firm has used every opportunity to buy the coin. On several occasions, MicroStrategy even issued Convertible Senior Notes, a debt offering to buy more Bitcoin. Overall, the company’s bets have paid off. In the latest update, Michael Saylor said the company has achieved a BTC yield of 4.4% QTD and 17.0% YTD. Its share price is also one of the best performing on Wall Street at the moment.Metaplanet has a relatively smaller Bitcoin portfolio, but it has remained consistent in its accumulations, just like MicroStrategy. The Japanese firm has also been selling securities to acquire more digital currency.With Bitcoin about 20% below its all-time high (ATH), these HODLers are confident in the prospect of massive returns soon.This article was originally published on U.Today More