• download
    Download
  • language
    Language English
  • currency
    Currency $ USD

Language

  • English
  • Română

Currency

  • $ USD
  • € EUR
  • lei RON
  • ₹ INR
  • AUD
news-imageFebruary 6, 2025

OKX Chief Marketing Officer Highlights Economic Dangers of a US Strategic Bitcoin Reserve

Bitcoin enthusiasts have long touted the creation of a strategic Bitcoin reserve as a hedge against inflation that can reduce the national debt and reinforce the United States' position as a global financial leader.
Publisher: BeInCrypto
Sentiment: Negative
BTC

More News Articles

Positive
cover-imageBitcoinist
February 6, 2025

Bitcoin Or Bust: El Salvador Keeps Buying Despite IMF Pressure

El Salvador's transformation from a nation that was skeptical of cryptocurrency to one that is the staunchest advocate for Bitcoin has been nothing short of extraordinary. Paper profits exceed $167 million, and the Central American nation currently maintains 6,068 BTC in its treasury, which is almost $600 million in value.

Neutral
cover-imageBenzinga
February 6, 2025

Bitcoin, Ethereum And This Elon Musk-Themed Meme Coin Trend On Social Media: Report

Analytics provider Santiment data shows in a recent report that despite high volatility in crypto markets, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and other assets remain key discussion topics across social media. What Happened: In a post on X on Wednesday, the firm highlighted that Bitcoin remains the dominant subject, with traders dissecting its price action, institutional flows and market positioning.

Positive
cover-imageBenzinga
February 6, 2025

Bitcoin Could See A $20B Market Cap Boost From $1 Billion BTC Reserve Purchase, Says Analyst: 'Could Have Bigger Surges This Year If Central Banks Really Get Involved'

Sygnum Bank‘s Head of Investment Research, Katalin Tischhauser, predicted that a strategic Bitcoin reserve purchase of $1 billion could potentially trigger a $20 billion surge in Bitcoin‘s (CRYPTO: BTC) market cap. What Happened: In a recent interview with The Block, Tischhauser explained that the increase in Bitcoin's market capitalization will result from direct capital inflows and a substantial upward price surge.

Negative
cover-imageBenzinga
February 6, 2025

Ethereum Faces 'Intense Competition' From Solana, Struggles To Compete With Bitcoin: JPMorgan

Ethereum‘s (CRYPTO: ETH) dominance in the cryptocurrency space is facing a significant challenge, with analysts at JPMorgan suggesting that increased competition from rival blockchains is eroding its market share and threatening its long-term prospects. What Happened: According to a report led by JPMorgan's managing director Nikolaos Panigirtzoglou, ETH has underperformed both Bitcoin (CRYPTO: BTC) and a range of alternative cryptocurrencies since the recent U.S. election, signaling a worrying trend for investors, The Block reported on Thursday.

Positive
cover-imageNewsBTC
February 6, 2025

The Rich Bet Big on Bitcoin – Will the Market Manifest a Bull Run for Top Meme Coins?

Michael Sonnenfeldt recently announced that his private group Tiger21, which is composed of some of the wealthiest investors, collectively has a $200B net worth – $6B of which is strategically held in crypto, shining a light on top meme coins. Considering some of the richest allocate 1-3% of their capital to $BTC, why should anyone doubt cryptos' potential?

Positive
cover-imageCrypto Economy
February 6, 2025

MicroStrategy Rebrands to Strategy, Investing $20B in Bitcoin

TL;DR MicroStrategy has rebranded to Strategy™ and announced a $20 billion investment in Bitcoin, solidifying its position as the largest corporate holder of the cryptocurrency. Despite a 3% year-over-year decline in total revenue, Strategy reported a 74.3% yield on Bitcoin in 2024.

Negative
cover-imageNewsBTC
February 6, 2025

US Bitcoin Reserve Will Lead To ‘Pain In Under 2 Years,' Warns Arthur Hayes

In his latest essay entitled “The Genie,” crypto entrepreneur and former BitMEX CEO Arthur Hayes denounced calls for a United States Bitcoin Strategic Reserve (BSR), warning that such a program would create “unnecessary pain in under two years” and transform the world's largest cryptocurrency into a potent political weapon. Hayes also cautioned the industry against pursuing what he deems to be an overcomplicated “Frankenstein crypto regulatory bill,” which, he argues, would primarily benefit large centralized institutions rather than foster true decentralization.

Positive
cover-imageBlockonomi
February 6, 2025

Eric Trump Endorses Bitcoin as Price Hovers Near $98,000

Eric Trump's recent Bitcoin endorsement caused a modest price increase to $98,000, following his earlier Ethereum tweet that coincided with a 35% price recovery, while Trump-linked World Liberty Financial relocated its crypto holdings to Coinbase amid a 90% portfolio value decline.

Next Page 1