Trump, Bitcoin and Iran
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That's a bold prediction -- but the U.S. dollar has already lost about 30% of its purchasing power over the past decade, while Bitcoin's price has skyrocketed by 16,940%. If Bitcoin's price rises to $21 million, a $10,000 investment today could eventually be worth $2.8 million.
BlackRock purchased $900 million in Bitcoin through its iShares Bitcoin Trust (IBIT) ETF, and the Polymarket contract for Bitcoin reaching $80,000 in April jumped to 71.5% YES, up from 44% just 24 hours ago.
Mining pools have historically been viewed as commodity infrastructure, technically necessary, but largely interchangeable. That perception is changing as the margin environment tightens and the difference between a well-optimized and a poorly-optimized operation becomes more visible.
Coinbase and Bitcoin have lost 8% and 10% year to date, respectively, as I write this, but it looks like both could be turning a corner price-wise. Bitcoin recently reached $77,000, its highest price since early February. It is too early to say whether its price has actually bottomed, but its recent gains are a good sign.
Morgan Stanley’s spot Bitcoin ETF has accumulated over $139 million in BTC within nine days of launch, indicating strong early institutional demand for the firm’s new crypto offering.
Currently, Strategy holds the second-largest amount of Bitcoin after Satoshi.
Bitcoin price analysis flipped bullish on April 21 as BTC reclaimed $75,000 on progress in Iran and Pakistan ceasefire talks per CoinDesk, firing a broad risk-on move across the top ten. Spot bitcoin and ether ETFs both posted strong inflows into the rebound even as perpetual funding rates sat negative,
The S&P 500 and Nasdaq gave back their early morning gains alongside BTC as markets digested the Fed Chair nominee's Senate confirmation hearing.
A top military commander makes a surprising endorsement for Bitcoin.
Bitcoin slipped under $75,500 as U.S.–Iran tensions escalated, pushing the odds of Bitcoin reaching $80,000 in April down to 33.5% YES from 44% yesterday. Market reaction. The m