Bitcoin’s Dominance Over US Dollar Grows
Robert Kiyosaki attributes $BTC’s rise to inflation eroding fiat currencies and network effects amplifying its dominance, highlighting two economic principles. #Update #Crypto $BTC (+4) ↗
Bitcoin News
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Brazil Oil Giant Starts Bitcoin Mining
@Petrobras, Brazil’s largest oil company, has launched a Bitcoin mining and blockchain initiative to support low-carbon tech transitions and optimize processes through partnerships with Brazilian universities. #Update #Crypto (+5) ↗
Bitcoin Giants Top 10 Company Portfolios
@MicroStrategy now holds 461,000 $BTC, worth over $48 billion, marking a significant institutional adoption of Bitcoin. This positions them as the largest public holder of Bitcoin, with plans to acquire more. #Update #Crypto $BTC (+5) ↗
Crypto Revolution: Buy Homes with Bitcoin
@Propy has unveiled an instant onchain loan feature to facilitate tokenized real estate purchases in Hawaii, starting with a Honolulu condominium sale on January 29. This marks a significant step in crypto-real estate integration. #Update #Crypto $BTC (+4) ↗
Bitcoin: BlackRock Files In-Kind Redemption
@BlackRock has filed for in-kind redemption for its iShares Bitcoin Trust, allowing authorized participants to redeem in $BTC instead of cash. This move is expected to enhance ETF trading efficiency, following a successful BTC ETF launch in Canada. #Breaking #ETF $BTC (+8) ↗
Bitcoin Triumphs Over Dollar Kiyosaki
Robert Kiyosaki, author of “Rich Dad Poor Dad,” argues that $BTC surpasses the US dollar due to Gresham’s and Metcalfe’s Laws, highlighting Bitcoin’s growing network and its role as a hedge against inflation. #Update #Crypto $BTC (+3) ↗
Crypto: Bitcoin Surge Gensler Resigns
Bitcoin hit a new all-time high of $109,000, while @MicroStrategy acquired 11,000 $BTC for $1.1 billion. SEC Chairman Gary Gensler resigned, influencing regulatory perspectives. China’s sale of 194,000 BTC impacted market dynamics. #Breaking #Crypto $BTC (+8) ↗
Ethereum Stagnates MetaMask Expands to Bitcoin
@MetaMask is expanding beyond Ethereum to include $BTC, aiming to capture a broader DeFi audience. This move reflects the growing trend of multi-chain ecosystems as users explore networks like Bitcoin and Solana. #Update #Crypto $BTC (+3) ↗
Bitcoin ETFs Surge: $4.7 Billion Inflow
Spot Bitcoin ETFs have seen a remarkable $4.7 billion inflow over seven days, with @Fidelity’s Wise Origin Bitcoin Fund leading with $186 million on January 24, reflecting strong investor interest as $BTC steadies around $104,500. #Update #ETF $BTC (+6) ↗
Bitcoin: Public Firm Increases Crypto Holdings
@FathomHoldings plans to allocate up to half of its excess cash reserves to $BTC, aiming to accept it for purchases soon. The move follows @MicroStrategy’s lead in adopting Bitcoin as a hedge against inflation and economic risks. #Update #Crypto $BTC (+4) ↗
Bitcoin Surge: Blackrock CEO Predicts $700K
@BlackRock CEO Larry Fink predicts $BTC could soar to $700,000 due to institutional adoption, emphasizing its role as a hedge against currency debasement and financial instability. #Update #Crypto $BTC (+5) ↗
Bitcoin Reserve Bill Gains Ramaswamy Support
Ohio’s new strategic crypto reserve bill allows up to 10% investment of state funds in digital assets, with $BTC as the only current option due to its market cap. Former presidential candidate Vivek Ramaswamy praised the initiative. Crypto $BTC (+6) ↗
Bitcoin Microstrategy Faces Biden Tax Challenge
This week, @WSJ reported potential tax issues for @MicroStrategy due to the Corporate Alternative Minimum Tax (CAMT) affecting their unrealized Bitcoin gains. This could lead to significant financial obligations under Biden’s administration. #Update #Legal $BTC (-5) ↘
Bitcoin ETF Inflows Surge to $527M
Bitcoin and Ethereum spot ETFs saw a net inflow of nearly $527 million, with @Fidelity’s ETF leading at $186.1 million and @BlackRock’s fund securing $155.7 million, highlighting increased investor confidence in crypto assets. #Update #ETF $BTC (+6) ↗