Crypto investors sidelined from Bitcoin this year may still get another chance to accumulate, with a crypto analyst predicting Bitcoin could fall as much as 70% in the next bear market. However, crypto analysts are split on where Bitcoin is headed next. Some say a bear market is still far away, while others think it…
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Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value. “If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin…
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A spokesperson for US AI and crypto czar David Sacks has refuted the idea that he may have breached his 130-day limit as a special government employee, following scrutiny from several US lawmakers. The spokesperson for Sacks told CNBC on Wednesday that he carefully manages his SGE days to ensure that he stays under the…
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Bitcoin has established a new resistance around $116,000, which is unlikely to change until the cryptocurrency gains renewed momentum, Bitfinex analysts say. However, two potential catalysts on the horizon could help bolster the price of Bitcoin (BTC). “BTC now trades at the upper edge of the range near $116,000, which remains resistance until decisively reclaimed,”…
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The US Securities and Exchange Commission streamlining the approval process for crypto exchange-traded products (ETPs) may trigger a surge of new offerings, but that doesn’t guarantee their success, a crypto executive warns. “The adoption of generic listing standards — which could come as early as October — will likely usher in a ton of new…
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Companies adding underperforming altcoins to their balance sheets are muddying the broader treasury narrative, says Bitcoin treasury company Nakamoto CEO, David Bailey. “The treasury company moniker itself is confusing,” Bailey said in an X post on Sunday. “Toxic financing, failed altcoins rebranded as DATs, too many failed companies with no plan or vision. It’s totally…
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Wall Street veteran and macro analyst Jordi Visser is forecasting that US financial institutions are set to ramp up their Bitcoin allocations before the year is out. “Between now and the end of the year, the allocations for Bitcoin for the next year from the traditional finance world are going to be increased,” Visser told…
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There is a high likelihood that the United States government will form the highly anticipated Strategic Bitcoin Reserve by the end of this year, says Galaxy Digital’s head of firmwide research, Alex Thorn. However, other industry executives are less confident. “I still think there’s a strong chance the US government will announce this year that…
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BitMEX co-founder Arthur Hayes says Bitcoin holders need to be more patient and stop worrying about stocks and gold hitting record highs, because asking why Bitcoin isn’t higher misses the point. “If you thought you were buying Bitcoin and the next day you were buying a Lamborghini, you’re probably getting liquidated because it is not…
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Prediction market platform Kalshi has vowed to fight a new lawsuit from the US state of Massachusetts, which accuses the company of offering unlicensed sports betting to residents. “We are proud to be the company that has pioneered this technology and stand ready to defend it once again in a court of law,” a spokesperson…
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