A January decline Bitcoin ended the year of 2021 a little above $46,000. There was bullish talk for the last two months of the year, after Bitcoin hit its all time high in early November. The leading digital asset saw a continuing decline throughout January, reaching a month low of $33,495 on January 24. The price has recovered from the low and now sits above $38,000. During January, almost all of the digital asset market saw a decrease in price and market cap across the board. Geopolitical events such as the Russia-USA Ukraine tensions had a negative effect on global markets. Kazakhstan, a key country for Bitcoin mining, faced national…
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Weekly Bitcoin Review
More NBA players are taking their salary in Bitcoin
NBA players Klay Thompson and Andre Iguodala to take pay in Bitcoin Golden State Warriors star Klay Thompson made his return to basketball after a nearly three year injury last Sunday, January 9. The next day, he tweeted “I’m BACK and changing it up: excited to take part of my paycheck in bitcoin thanks to Cash App! I’m with bitcoin because I believe it’s the future of money.” Additionally, he said that he and his fellow teammate, Andre Iguodala would be giving away $1 million in Bitcoin through CashApp. Iguodala made a tweet himself confirming the giveaway. This isn’t the first time the NBA has been involved with crypto. Staples…
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Weekly Bitcoin Review
Bitcoin briefly dips below $40,000
Bill Miller allocates 50% of portfolio towards Bitcoin In his WealthTrack interview last Friday, Bill Miller shared his thoughts on Bitcoin. At the end of the interview, the long time value investor states that Bitcoin provides a “service of insurance against financial catastrophe that no one else can provide.” He then stated that he has allocated 50% of his investment portfolio into Bitcoin and other Bitcoin related assets, like MicroStrategy. He claims to now be a Bitcoin bull instead of just an observer. Even with the current fear in the market over Bitcoin, he is still bullish in the long-term. Store of wealth Many who buy Bitcoin view it as…
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Weekly Bitcoin Review
After an exciting 2021, what will the new year bring for crypto?
2021 was undoubtedly a historic year for Bitcoin and cryptocurrency. Bitcoin hit a new all time high, saw adoption from nations and corporations alike, and gained attention from several nations across the globe. That isn’t to say there weren’t setbacks: Major crashes, millions of USD in longs liquidated. The world also saw increasing anti-crypto legislation and pushback from politicians in India, The United States, and China. Not the ending to the year that everyone was hoping for Bitcoin unfortunately did not live up to expectations this year. Many thought that 2021 would be the year it hit $100,000, and were disappointed to see it end the year around just a…
