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Bitcoin as a Commodity Currency and Store of Value Fidelity's director of global macro, Jurrien Timmer, believes that bitcoin has the potential to become an exponential gold. In his view, bitcoin is a commodity currency that aims to be both a store of value and a hedge against monetary debasement. Timmer compares bitcoin to gold, […]

Introduction Bitcoin Magazine and Nitrobetting.eu have teamed up to present a thrilling new contest called "The Bitcoin Halving Challenge." This innovative competition provides participants with a unique opportunity to showcase their Bitcoin market prediction skills and potentially win a share of 1 Bitcoin. The Contest Details The registration for the contest opened on November 1,

Bitcoin Price Analysis In trading on Friday, November 3, 2023, Bitcoin (BTC) experienced a decline of 3.3%, dropping to $34,195. The trading volume during the last 24 hours was $20.79 billion. The relative strength index (RSI) reading of 70 suggests that Bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 indicates the possibility

Jamie Dimon Shares Economic Outlook JPMorgan Chase CEO Jamie Dimon recently discussed his outlook on the U.S. economy, inflation, and potential future interest rate hikes by the Federal Reserve. In an interview with Yahoo Finance Live following the Federal Open Market Committee (FOMC) meeting, Dimon expressed his concerns regarding inflation and the impact of fiscal

Explosive Growth in 24 Cryptocurrencies On November 2, 2023, the crypto economy is thriving, boasting a value of $1.31 trillion following a 2.88% increase in the past 24 hours. Bitcoin has notably surpassed the $35,000 mark, showing a 2.8% increase, while a wide array of two dozen digital assets have experienced double-digit growth this Wednesday.

The Salvadoran Media Speculates on Bukele's Political Move In recent weeks, the Salvadoran media has been abuzz with speculation that President Nayib Bukele, known as the leader of Bitcoin Country, will step down from his current role to pursue a second term in office. This move, however, is contingent upon obtaining a special license from

Introduction Coinbase Financial Markets (CFM) has recently launched regulated leveraged crypto futures for its U.S. customers. This offering is now accessible to Coinbase Advanced users. The trading platform currently provides nano-sized contracts, allowing traders to deal with one-hundredth of a bitcoin and one-tenth of an ethereum. Coinbase Financial Markets Rolls Out Crypto Futures for U.S.

Alliance Bernstein Foresees Bitcoin Reaching $150K in 2025 Alliance Bernstein, a global asset management firm, has projected that the price of bitcoin will surge to $150,000 by 2025. Gautam Chhugani, the firm's senior analyst specializing in digital assets, expressed this optimistic prediction in a note released on Tuesday. Chhugani anticipates that the U.S. Securities and

Digital Asset Market Sees Record-Breaking Inflows In October, the digital asset market experienced a surge in optimism, resulting in $326 million in fund inflows. This marks the largest single-week gain in one and a half years, according to Coinshares' latest report on digital asset fund flows. The report, Volume 155, highlights the growing optimism and

Brazilian Tax Authority Reports Stablecoin Trading Growth The Brazilian Tax Authority (RBF) has recently published an article acknowledging the significant growth in stablecoin trading in Brazil. Stablecoins, which are tokens tied to the value of other currencies, have become increasingly popular in the country and have surpassed the volumes of cryptocurrencies like Bitcoin (BTC). The