• markets report bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin taps $51,300 on $900 million MicroStrategy buy-in news

    Another day, another all-time high for Bitcoin, which steals the show from altcoins as bulls see $63,000 next

    Bitcoin’s latest surge, which obliterated what used to be major selling pressure close to $50,000, came on the back of news of fresh corporate buy-ins—a classic catalyst for price gains. This time, familiar face MicroStrategy joined a newcomer in the form of German cannabis firm SynBiotic in adding BTC to its treasury. The former will issue $900 million in convertible notes, while the latter purchased an unspecified amount of Bitcoin, becoming the first publicly-traded company to use the cryptocurrency to hedge against euro inflation.

  • bitcoin price
    Bitcoin,  Markets Report

    Markets Report: Bitcoin plots next move after week of serious bull triggers

    Ranging returns to BTC/USD but expectations clearly favor an attack on $50,000 in the near future

    Bitcoin has transformed once again this week — not so much in price as in character — with $50,000 still easily within range. Bitcoin has transformed once again this week — not so much in price as in character — with $50,000 still easily within range.

  • Tesla buys bitcoin
    Uncategorized

    Tesla buys $1.5B in Bitcoin, will take crypto payments, sending BTC’s price to record highs

    The move comes two months after MicroStrategy’s Michael Saylor encouraged Elon Musk to convert Tesla’s balance sheet to Bitcoin

    In a filing with the U.S. Securities and Exchange Commission, the electric vehicle manufacturer also confirmed that it plans to accept BTC as a payment method soon. However, it’s unclear whether or not such payments would be converted into cash immediately afterwards.

  • bitcoin too volatile Goldman Sachs
    Bitcoin

    Bitcoin too volatile to be store of value: Goldman Sachs exec

    The head of the bank’s Investment Strategy Unit also argued that “something with a long-term volatility of 80% can’t be considered a medium of exchange.”

    In a recent briefing on Goldman Sach's 2021 outlook, Sharmin Mossavar-Rahmani, head of the firm's head of the Investment Strategy Group for the Consumer and Investment Management Division, poured cold water on the idea Bitcoin is a new digital gold, saying, "just because everybody piles into an idea and talks it up doesn’t mean it’s a store of value.”