Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
The @SECGov has approved @Grayscale’s Bitcoin Mini Trust ($BTC) to trade on NYSE Arca. With a commission rate of just 0.15%, ten times lower than GBTC, this new trust aims to make Bitcoin investment more accessible. Trading begins post-approval of the S-1 form in March 2024.
Samson Mow proposed six Bitcoin-friendly ideas to Donald Trump, including making $BTC tax-free, converting U.S. debt to satoshis, and establishing a lunar Bitcoin mining facility. He also suggested abolishing the Federal Reserve and promoting Bitcoin for inflation reparations. #Update #Bitcoin #CryptoNews
Robert Kennedy Jr. proposed bold policies at the Bitcoin 2024 conference, including executive orders for the U.S. Treasury to buy 550 Bitcoin daily until a 4M reserve is achieved. He also suggested tax exemptions on Bitcoin transactions and investments. #Bitcoin2024 #Update
MicroStrategy CEO @michael_saylor predicts Bitcoin could hit $13M by 2045 at Bitcoin 2024 in Nashville. He emphasizes Bitcoin’s digital, immutable nature over traditional investments and advises converting assets into BTC. MicroStrategy holds 226,331 BTC, valued at $15.37B. #Update
Robert F. Kennedy Jr. revealed plans at the Bitcoin Conference 2024 to integrate $BTC into the U.S. economy, proposing the U.S. Treasury acquire 4M BTC. Peter Schiff criticized it as a ‘vote-buying’ strategy, arguing it lacks the stability of a gold standard. #Bitcoin #Update
Michael Saylor, co-founder of MicroStrategy, predicts Bitcoin ($BTC) could reach $13M by 2045, potentially hitting $49M in an extended rally. Saylor’s confidence is backed by MicroStrategy’s 226,331 tokens, currently worth $15B. Bitcoin’s price stands at $68,010, reflecting market optimism. #Bitcoin
Grayscale Investments has secured SEC approval for its new Grayscale Bitcoin Mini Trust ETF, launching next Wednesday. With a low fee of 15 basis points, it offers a cost-effective alternative to the Grayscale Bitcoin Trust (GBTC), making crypto investments more accessible. #CryptoNews
Cardano founder Charles Hoskinson criticized Peter Schiff’s understanding of $BTC. Schiff called Bitcoin a “pyramid scheme,” sparking debate over Bitcoin’s role. Hoskinson argues Schiff misunderstands Bitcoin’s value, while Schiff warns of a bubble burst and increased government control. This highlights the divide between crypto advocates and skeptics. #Update
Sen. Elizabeth Warren warns of foreign crypto miners, including Chinese entities, spying on U.S. military bases and risking national security. She calls for stricter oversight and anti-money laundering measures. One example: MineOne Partners Ltd., banned from land near a Wyoming base. #NationalSecurity
VanEck CEO Jan van Eck likens Bitcoin to gold, emphasizing its role in financial freedom at the 2024 Bitcoin conference. Predicts BTC could reach $2.9M by 2025, driving 5% of domestic and 10% of global trade. He personally invests 30% in BTC. #Bitcoin
? The Michigan Pension Fund invests $6.6M in the ARK Bitcoin ETF, joining a growing trend of pension funds embracing crypto. Bitcoin’s price surged 5% to $67,690, with $75B inflows into the U.S. Spot BTC ETF. Institutional interest in digital assets is on the rise! #Crypto
In a CNBC interview, @Scaramucci urged bipartisan support for Bitcoin regulation, warning against anti-crypto approaches. Major market shifts, like $9B Bitcoin sales by Germany, highlight the need for clarity. Upcoming @Bitcoin2024 with Trump could further legitimize Bitcoin. #CryptoNews
Renowned economist Peter Schiff criticized @saylor at the Nashville Bitcoin Conference 2024, labeling Bitcoin a “pyramid scheme.” Saylor advocated for the U.S. to back its dollar with Bitcoin, comparing it to “cyber Manhattan,” and suggested the U.S. hold Bitcoin reserves like gold. #Update
Semler Scientific ($SMLR) plans to boost its Bitcoin ($BTC) holdings through stock sales, inspired by MicroStrategy. The SEC might delay due to crypto regulations. This strategy follows Semler’s $57M Bitcoin addition earlier this year. #Update
